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The importance of making it a habit to save

Reminder: Please settle and pay your debt first before playing and buying your lottery ticket. Pay early to prevent loan interest. Save as much money into your private retirement scheme, because 75% people is not ready for their retirement nowdays and the kwsp, epf and cpf money will finish in just 5 years. Credit cards like visa and mastercard are easy to get, think carefully before you spend money and buy something with it. Do not play any online gambling or going to casino, because it is very addictive and hard to manage your budget. Clairvoyant and tarot psychic reading can help to increase chances of winning the lottery sometimes, but please be careful with scammer.

(Master Sifu)

Msg #1

19-03-2012 10:01 am

Good habits should be cultivated in children at a tender age.Things like being polite to others,respecting the elderly,compassion for the less fortunate,the importance of saving
and the list can go on and on.
My daughter once asked me "Why is Uncle X richer than Uncle Y?"
I explained to her and gave her an example.
Both Uncle X and Y were earning RM10,000 a month (considered very comfortable in Malaysia) the only difference is Uncle X saves more than Uncle Y.
Uncle X spends RM4,000 and saves RM6,000 so RM6,000 x 12 months
=RM72,000 a year x 10 years = RM720,000
Uncle Y spends RM8,000 and saves RM2,000,so RM2,000 x 12 months
=RM24,000 a year x 10 years = RM240,000
The moral of the story is,start saving while you can and look forward to a comfortable life in your old age.
Goodluck :-)


Msg #2

19-03-2012 09:38 pm

Master SIfu

I 100% agree to what you are saying. Am a unit trust agent and it is so sad that now days people looking for fast and quick money rather than long term savings or retirement savings..

Anyway thanks for all the valuable advise and hope ppl will start saving young so that they can enjoy financial freedom at older age and enjoy their life in abundance......


Msg #3

19-03-2012 11:40 pm

Hi Best4 master sifu,

I'm agreed 100%. Doesn't matter how much you earn, it's all about how much you can save.

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