Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Yesterday, I slipped in the toilet and fall down. My head knocked seriously on the hard floor. Obviously, it bleed but mine is more from that. There was a cut on my right forehead. I was sent to the local private hospital and got sewn on the cut. My family scare there might be some unforeseen damage in the inner part of my brain. Therefore, I went for a CT scan ( some sort of high tech scanning instrument). Luckily there was no inner damage to my brain. Phewww….
I went for Market Chart co-organized by Maybank Investment Berhad and Bursa Malaysia in few days ago. The speaker were Richard Kang and Lee Cheng Hooi.
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#1 Financial Freedom Through Reading
By reading, we gain a lot of knowledge and wisdoms. Most of the people after leaving the secondary school, they stop reading. They stop learning new things or slow down their speed of leaning new things. Their learning process are limited to their daily works. That is the biggest corner stone for one to improve themselves and become successful.
Becoming a tuition teacher is the easiest way to add some income to your monthly input. As most people think that income from tuition is a form of passive income. So do I, thinking that giving tuition during free time is a form of passive income. What do you think?
If you ever heard of David Bach, author of Automatic Millionaire, you should also heard of Latte Factor. It is his personal finance advise trademark which can lead you to become a millionaire automatically one day.
Personal Money had selected 9 stocks in 2009 which bring huge return for investors. Averagely, the stocks picked had return of 86.33%. What does it means? It means you just follow what suggested, buy and hold for the whole year, you will have 86.33% of return. Well, this only happened to year 2009, year of rebounding. Most investor gain huge profit from stock market.
In the last post, I wrote about the rat race. So, what kind of life does person in rat race have? Well, most probably they everyday doing the same things, working from 8 to 5. Everyday is hoping it is the end of the month because it is salary day. After receiving the salary, we got to pay different types of bills, insurances and loans. The leftover is used for entertainment purpose. Or some better financial knowledge people will save 5-10 percent for future. When do you think you can achieve financial freedom with just 10 percent savings? I guess the answer will be infinity or too long to be counted.
