The importance of making it a habit to save play lottery

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Reminder: Prioritizing financial obligations, particularly debt repayment, is essential and should take precedence over discretionary spending like lottery ticket purchases. Paying off debts early helps avoid additional loan interest, a crucial step given that about 75% of people are underprepared for retirement, with savings in government retirement schemes like KWSP, EPF, or CPF often depleted within five years. When using credit cards like Visa or Mastercard, careful consideration is vital to prevent financial strain. Additionally, it's advisable to steer clear of gambling, both online and in casinos, due to its addictive nature and potential to disrupt budget management. Caution is also recommended with practices like clairvoyant or tarot psychic readings for lottery predictions, often associated with scams, emphasizing the importance of relying on rational and sound financial strategies.

Best4 (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 :-)
LUCKY9	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......
Player (Sifu)	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.