Friday, April 21, 2017

Preparedness Is The Key

A visit to an eye specialist in Johor Bahru costs me RM400 yesterday.  It was quite unexpected.  Last year, I don't think it cost that much.   

According to Nikkei Asian Review, the Consumer Price Index (Malaysia's main gauge of inflation) rose 5.1 per cent in March, driven by costlier fuel.  The average inflation rate could be more than 4 per cent in some months.

So, please take note of inflation, and try to beat it by having a long-term investment plan that can potentially offer higher returns, like a unit trust.  I say "potentially" because nothing in life is guaranteed. 

"Save until when?" is the common question I get from some friends when I tell about making savings a priority.  Of course family is priority, and you need to pay the monthly bills and debts and other neccesities.  But you should also cultivate the discipline to pay yourself first, especially when you are still receiving a monthly income. 

When the income stops, you're going to have to dig from your own savings.  How much you can accumulate until retirement, is one goal everyone should think about. 

But accumulate wealth the right way.  Don't cheat or deprive others to get ahead.


a glass of avocado milk with a dash of raw honey, is a delicious way to start the day.

Having lots of money will not ensure happiness if you are deprived of health and peace of mind.

Stay healthy.

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