Hi All, after reading through the posts from page 1 to 15, i'm glad LYN has such a thread actively discusses about this financial management topic.

Just would like to share with you guys a book i came across this afternoon at MPH in singapore. The title is something Automatic Millionaire. It also mentions about practicing regular month savings, THROUGH AUTOMATIC manners (eg. standing instruction), so it doesn't take much discipline for one to maintain it until retiring age.

Regards,
Joseph.

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Added on May 6, 2007, 12:41 amIf you read carefully enough, Robert Kiyosaki actually encourages people to buy more things and be in debt.

The questions are, whenever you are buying something, ask yourself whether are you buying an asset (that puts money into your pocket) or a liability (that takes money from your pocket)? And if one is experienced enough to differentiate good debts (debts where u borrow other people's money to make more money for yourself) and bad debts (loans that you incur more losses), no harm to get as many good debts as you can!

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Added on May 6, 2007, 12:43 amWanna shAre a good tip on how to keep track of your expenses:

for those people using internet very often, make use of iGoogle (www.google.com/ig) for your homepage and add a tool called Expense Tracker, a free, good-to-have and simple-to-use web tool compared MS MOney.

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Added on May 6, 2007, 12:13 pmhttp://www.pnb.com.my/index.cfm

Here is the link to Permodalan Saham Nasional where they upload a excel file for financial planning simulation. Good for people who wants to know more about financial management but not so good in calculating future value (FV) for a sum of money at present value.

This post has been edited by josephtan83: May 6 2007, 12:13 PM

Referring to the bolded text, food is considered as wants??