Sunday, January 11, 2009

Money, money, money...

many don't understand, neither i am, why do the rich people are getting richer? what do they have, any special ability, that we all are lacking of? we, the poorer category, need to work for hours, saving every cents, just for that little income! why???

how to be a millionaire?

eh... i have a simple formula here. if you start saving RM1400 every month in to the fixed deposit account, with the annual interest of 5%, after 40 years, your accumulated saving will be RM1400 X (1 + 5%) X 40 = RM 169,000.00 that's it.


if you invest into any of the potential investments, like share market, properties... with the same amount, the return will be around 20% annually. after the same period, how much do you think you will get? the answer is, you are a millionaire! or a billionaire!

from this story, someone needs to be more flexible, and able to accommodate in any situation to invest. everyone must learn how to invest, no matter what, either as a conservative type or an aggressive one. how to manage your resources, this is the key point of success...

as Malay proverb says, "sikit-sikit, lama-lama jadi bukit... EMAS!"
YOU must start now!

Related topic:
I want to get rich!

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