You have to agree to this: Most of us live fairly comfortable through our growth from a child to an adult.
Our parents are able to provide us enough food.
Our parents are able to provide us shelter.
We are able to get things that we want and is not necessary from our parents.
Living and surviving is not a problem.
Thus, sadly, most of us do not have any sense towards the value of money.
While some work part time to support themselves in study, we work part time to earn money for the Ipod or expensive watch we want.
And, in most cases (at least the ones i saw), many fresh grads are poor and have no savings even if they earn RM3500 per month.
Lack of Financial Management, is what we are these days.
Imagine this, for example, you earn RM2000 per month, u save RM500, and live the lifestyle of a student when ur parents give you RM800 per month, imagine how much you can save.
Let's say, you use to saved money, to invest into unit trust or stock market. In 6 months time, you might earn 30% of what you invest.
Isn't that just great?
The key, is to live within your means. By carefully planning your finance, you might be able to retire at 45 and live a luxurious life till old age.
That's, what i call enjoying life.
Subscribe to:
Post Comments (Atom)
1 comment:
Jon, I am glad that you blog about financial planning and management. There are some key concept like "pay yourself first" and "delayed gratification" which I believed would be beneficial to your friends reading your blog. Do write about it.
Remember: the more you share , the more you learn !
Post a Comment