Hi to everyone,
I am sure you like to purchase quality items like laptop,video camera,handphone, travelling ticket to Europe and the list goes on. Do not procastinate about planning ahead. What you do in your life is more important than what life can do for you.
When is your retirement age?30 to 40 years from now? Now, you must instil the habit of saving monthly withouf fail.Survey each portfolio when you opt for insurance protection and investment. have another account just for vacation yearly.Remember, it is not wise to put all eggs in one (1) basket.
Saving and investment are equally important. As human being, it is natural to have feeling to have luxorious items in life.It is good for self fullfillment.It is good for self esteem as well although it is not of the measurement or yardstick to value self esteem.What we can do it is to have a back up system and upgrade our expertise by attending courses and taking subjects so that eventually, we will get promoted subject to our job performance. Moreover, have another part time jobs will increase our income. In the long run, we are able to save money for the things that we desire and buy it cash without credit assistance.
Some property like a piece of land or a house needs huge of money at least 20-30K just for the deposit.Discuss with your spouse (if you are married) when and how you are going to achieve it. Start surveying from now and read a lot. Ask anyone whom you know is an expert in managing our finance and have CFP ( Certificate in Financial Planning).You will save lots of time and enjoy making new friends.
Till then, prepare ahead for your retirement is one of the prerequisite to enjoy peace of mind during your retirement. With one (1) condition, we must plan ahead and follow the golden rule : Saving, investment & pay cash for items and services that we have always wanted in life such as oversea trips.
Have a safe journey in life by having freedom in personal finance will give you confidence and peace of mind. No need to take sleeping pills too!
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