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 Personal financial management, V2

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firewire
post Jan 21 2013, 12:46 PM

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From: http://sewnstitches.blogspot.com/
QUOTE(AAAABBBB @ Jan 20 2013, 12:04 PM)
Eating habit improve.. luckily company give a lot of benefits..
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must think of long term, you can't skip breakfast or depend on instant noodle for long term

try to read up on health and diet, not everything healthy is pricey

besides that, if you save 25k p.a, then 4 years you already have 100k, pretty impressive!

other than saving, do you plan to double your income instead of work + part time ? do you have investments?
firewire
post Jan 25 2013, 12:15 PM

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Difference between Average people and Rich people :

1. Average people think MONEY is the root of all evil. Rich people believe POVERTY is the root of all evil.

2. Average people think selfishness is a vice. Rich people think selfishness is a virtue.

3. Average people have a lottery mentality. Rich people have an action mentality.

4. Average people think the road to riches is paved with formal education. Rich people believe in acquiring specific knowledge.

5. Average people long for the good old days. Rich people dream of the future.

6. Average people see money through the eyes of emotion. Rich people think about money logically.

7. Average people earn money doing things they don't love. Rich people follow their passion.

8. Average people set low expectations so they're never disappointed. Rich people are up for the challenge.

9. Average people believe you have to DO something to get rich. Rich people believe you have to BE something to get rich.

10. Average people believe you need money to make money. Rich people use other people's money.

11. Average people believe the markets are driven by logic and strategy. Rich people know they're driven by emotion and greed.

12. Average people live beyond their means. Rich people live below theirs.

13. Average people teach their children how to survive. Rich people teach their kids to get rich.

14. Average people let money stress them out. Rich people find peace of mind in wealth.

15. Average people would rather be entertained than educated. Rich people would rather be educated than entertained.

16. Average people think rich people are snobs. Rich people just want to surround themselves with like-minded people.

17. Average people focus on saving. Rich people focus on earning.

18. Average people play it safe with money. Rich people know when to take risks.

19. Average people love to be comfortable. Rich people find comfort in uncertainty.

20. Average people never make the connection between money and health. Rich people know money can save your life.

21. Average people believe they must choose between a great family and being rich. Rich people know you can have it all.

Source > http://www.businessinsider.com/how-rich-pe...he-poor-2012-8#
firewire
post Jan 25 2013, 01:32 PM

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QUOTE(jasontoh @ Jan 25 2013, 12:48 PM)
With 1M, it only takes you 500 months to finish, if the expenses is at RM2K. So, do you think at RM2K, you can spend luxuriously? The answer is no - that is why many millionaires don't feel rich and have to be really frugal.
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If you only have 1M, of course you dont spend 2K per month and stay in the city, you go move to some village and spend maybe 500 per month and retire. The problem with people is too much desire and entertainment, hence 1M is never enough.
firewire
post Feb 26 2013, 12:28 PM

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QUOTE(victor131490 @ Feb 26 2013, 11:55 AM)
you are right. maybe around rm600-rm700 for food. if makan maggi for any 7 days in that month, food expenses maybe only rm500-rm600.  nod.gif
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don't sacrifice your health by consuming instant noodles everyday or so frequently.

you can have healthy and afforable food aka prepare own meal, no fast food, restaurant food.

btw, where is your hometown, since you go back alone, why dont you take bus or train? driving is very costly if you travel alone.

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