Sometimes we are always thinking.. How do we able to really live without any stress on our financial world or becoming rich? Most of the people outside always say :" simple, go to pursuit for higher educations, get a high position job and get high salary.. save it up." but is this the correct ways of becoming rich? what if one day you lose ur job and ur income has stop?? if the income stop means you wont received any cash into ur pocket, and your money will keeps flowing out to ur expenses and reliabilities. This means eventually u will also zero in ur pocket.
Still, there are alot of people going through this way. this is because they feel "secured", work as an employee,don need to think so much, just like a prostitute sell off urself to ur company, spend most of the time on it,and u will get money, spend it on things u like(shopping la, cars la, credit card la and house la...) this is wat we called financial secure.... ppl feel secure in this situation..
yet, if somebody use that money that he/she earn and then invest on something else which could generate enough money that could cover more than everything of his/her expenses without working for money, this is wat we called financial freedom.
For example that simpliest, when u buying a house... it actually is a reliability.people always think tat ok.. i buy it, hold it and then when the price up i sell it away... but ever think of the house u buy u are actually paying lum sum of money into it?? insurance la, interest for bank loan la, lots other fees la. in the end through calcuation actually first 10 years u r jz paying for the interest of bank!somemore u hav to pay every month... But,what if u able to make it to generate cash to u monthly? meaning somebody is helping u to pay for ur installment, and u still earn extra cash into pocket?? think of it... when this happens.. means u are one small step closer to financial freedom.. ^^ of course there are others ways too..
Thursday, October 22, 2009
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wow.. it's great!! currently most of us with financial secure stage only. not easy to reach until financial freedom. so it's vr important for us to start our investment plan as early as we can!!
ReplyDeleteWell educate is to prepare yourself before you step into the working field, it doesn't guarantee a higher pay position and a secure job anymore as most of our generation are lucky enough to get the equal education oppourtunity. One will have to stand out of the crowd in order to compete with the outside world. In terms of financial freedom, one should plan their spending wisely between what your want and what your need. How much you can save monthly instead of how much you can earn monthly.Cut the unnecessary spending is a great start.Most of us are financial secure as we do not have the family burden yet in the ealy stage. When age catch up, more and more responsibility will seems obligate.As a husband, father, son, son-in-law and the list goes on....To be financial freedom, the main income is from the current job ,financial investment should be the side income as there is a certain level of risk incur. High risk high return , low risk low return from finance stand point, just a sharing of thoughts, Cheers !
ReplyDeleteAngela Ng...(An Qi)