Wealth Building, Retire Early, Personel Money, Financial Planning, Saving Tips
Net asset means whatever things that belongs to a company. Of course net asset can be further categorize into tangible asset and intangible asset. Tangible asset is things that can touch physically while intangible asset is things that cannot be seen or touch physically. In mathematical term, net asset means total assets minus total liabilities and intangible asset.
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.
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.
In Budget 2010 announced on 23 Oct 2009, graduates who pass with first class honor will have their PTPTN loan waived. First class honor graduates do not need to pay back the loan again.
I had my first stock investment account with TA Securities. In my hometown, there are not many brokerage firms, just TA, Kenanga and OSK only. Recently, I just know that actually banks are doing stock trading too.
I had been working for 2 months as temporary teacher. My salary increase from Rm1200 to Rm1900 after my graduation. With adding some allowance, my monthly salary will have slightly more than 2k. Wow, not bad. I am starting falling in love with my job. My salary rate per hour is around RM11.
I had been budgeting for my salary although yet receiving it. Craving for it! It always took a long time for the first time government worker to get paid. Usually will take around 3 months.
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.
