Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Imagine that you put a rat on a track. The first thing that the rat do is try to balancing itself by moving forward. In the beginning, it run slowly, then it fasten its steps and then finally, the rat running endlessly to balance itself. The process continue until it is out of energy. The rat actually is running at the same point without any forward and backward although it had used up most of its energy.
“ Adam was very happy that he manage to secure the temporary teacher job for this new year. He has being informed on 31 of December. It make the happiest news before the end of 2009 and starting good year on 2010. Adam start working as teacher on 4th of January. All the things is on his side until yesterday. He had being informed that he had been dismiss from the school because of excess teacher in the school. Or maybe he will transfer to other school.”
I started my investment journey at the end of 2007 in ASNB. I know nothing about investment that time. What I know is the dividend rate of ASNB is higher than fixed deposits rate in bank. That’s all. Since I have extra money not in use, so I get my all extra into the ASNB. All these year ASNB gave me 6-7 percent dividend.
I like this idiom, all roads lead to Rome. This idiom mean you have different ways of doing something but achieving same goal. This idiom imply in our life but not many are aware of it.
We all have one goal in life, financial freedom. No one likes to work. No one likes to be in stress. No one likes to take order from superior. Everyone hopes that the y can enjoy without working. So why we work? We work to earn money for survive. We are walking on our chosen pathway to achieve financial freedom.
Cashflow 101 e-game, creation by Rich Dad Poor Dad author, Robert T.Kiyosaki is a wonderful personal financial game. It brings fun and financial education on the same time. If you wonder how Cashflow game look like, just imagine it as another type of monopoly game will do.
On the main menu, you choose single player or you would like to learn how to play. Of course, you can choose multi-player game if you have an online account with rich dad.
Almost all financial expert give advise of to live below your means. In other words, spend less than your earn. If your monthly income is RM2000, you spend less than that amount each month. You don’t buy a 42” LCD TV which might cause around RM5000 or more by installment. This figure have exceed your income limit. A normal flat screen TV will be sufficient for watching. The stuff appear on the screen is exactly the same!
Live below your means definitely is a workable way to achieve financial freedom. You have extra money for saving and for investing in variety of investment. However, live below your means is a get-rich-slowly scheme. You build up your net worth cent by cent.
If you ever read Rich Dad series of book, you will not be unfamiliar with the Rich Dad Cashflow Board Game. It is a creation of Robert T.Kiyosaki after he retire. You can just imagine cashflow board game just another type of monopoly which bring education knowledge.
Cashflow board game is described as mimic of what happen in real life, where most people is in the rat race. Those who are in rat race are people that spend more than they earn. They live from paycheck to paycheck to settle the bill and debt.
