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….
This is my first time setting my financial goal in life. The purpose of setting the financial goal is to guide me towards financial freedom in the future. I have a dream to achieve. Therefore, I need to have a goal that act as my route map to financial freedom or else I may deviate from the journey.
It is end of the year and dining promotion is everywhere, especially for Christmas eve and New Year eve. I had a romantic dinner with my girlfriend on Christmas Eve but it do not come with cheap. I spend hundred ringgit for a one hour plus dinner on Christmas eve.
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.
Continue from my previous Employee Provident Fund (EPF) series of posts about Malaysian EPF and EPF Contribution, today is the most important, your EPF beneficiaries nomination.
All employees in Malaysia have a retirement fund called Employee Provident Fund aka EPF. The purpose of the EPF is to help Malaysian to have a saving account for retirement. However, there are also self-employed provident fund from private sector. The purpose is the same, saving for retirement.
When I was young, I always dreaming of to get rich quickly. I wish that I will be given a chance to make big bucks in a life time. Making big money is an easy job in my mind that time. I think I can I dream to become successful business man. Do you have same dreams too?
This dream continue until I received my salary two weeks ago. It is not my first salary in life but it is my first salary with financial knowledge in life. During the school time, all part-time salary were gone to buying wanted stuff to gratify myself. That time, I never think of what kind of life I wanted to live on and no financial goal in life. As you can see, goal is very important in life. Once you have goal, you will persuade your goal and do certain sacrifice in life in order to achieve the goal.
