Savings.....

Savings? Why do we need to save? Well, there are various reasons why we need to save but to me personally, is to be able to retire peacefully. To a certain extent, I just wanna enjoy my retirement when the time comes i.e go holiday, play golf, etc...etc.... In addition, some of us would want to save some cash to start some business or perhaps to invest into something that is worthwhile investing. There are some of us, unfortunately don't save enough for rainy days. Those 'days' might come when we least expected it. Hence, it is very important for us to have savings. In short, no savings=no investment and no investment=no return on investment. Sux isn't it?

So boys and girls, learn to start saving now!! You must at least save 10% of your monthly income. If your income is RM3000, then you'll need to save RM300. Imagine if save RM300 per month in your ASB. That'll be RM3600 per year and the dividend you might will be about RM360. Almost RM4000 for year 1 of savings. In addition, put aside about 2% for your contribution to the mosque or rumah anak yatim. Imagine, how many hungry and parent-less children you help to feed from your small contribution. You'll be surprised with the return. Believe me.

There are so many tools nowadays for us to use in saving our money. For example, education policy for our children, life insurance, medical policies for ourselves, ASB, etc..etc.... a lot actually but are we taking advantage of all the opportunities that are given to us? Those things that were mentioned are not expenses per say. It is an investment for your future. You might feel the pinch now, but at the end of the day, you won't regret it.

Again, if you have not start saving, it is time to start. It doesn't matter if you have peanuts salary or a big pay-cheque at the end of the month. But the measure of a great man is how he manage his income and let his income grow instead working hard to get the money.