6 rules of thumb for managing money
1 ) Save 10% of your monthly income (rule 1)
Saving….saving…..saving…..this is what my mum told me when I was young. We need to save before we are able to buy what we want.
While, Azizi Ali in his book “Millionaires are from a different planet” stated that
“this is good for people who have just started work and would like to take control of their finances. Obviously, more is better. As you grow wiser, your finances should improve, and your savings rate should also increase.”
I graduated from University on year 1998 and the economic crisis occurred during the year. However, I was luckily because I was employed by a plantation company which is not related to my degree. Who border? Important is the monthly paycheck.
Even through the monthly paycheck is less than RM2K per month but my expenses is minimum. People say save 10% but my definition is difference-use 10%. No people believe it. I know I am poor but I am young. Save is one of method to escape from “poor” cycle.
My working environment is totally difference from others industry. I stay in estate. Company provide me accommodation (bungalow lot) and vehicle (motorcycle). What I need to do is learn the plantation work and receive the monthly paycheck. Sound easy and good for me as poor guy.
My conclusion is if you want to become rich then plantation is one of the option. Inside the industry you only work for money with minimum expenses (10%) but no entertainment.
Saving….saving…..saving…..this is what my mum told me when I was young. We need to save before we are able to buy what we want.
While, Azizi Ali in his book “Millionaires are from a different planet” stated that
“this is good for people who have just started work and would like to take control of their finances. Obviously, more is better. As you grow wiser, your finances should improve, and your savings rate should also increase.”
I graduated from University on year 1998 and the economic crisis occurred during the year. However, I was luckily because I was employed by a plantation company which is not related to my degree. Who border? Important is the monthly paycheck.
Even through the monthly paycheck is less than RM2K per month but my expenses is minimum. People say save 10% but my definition is difference-use 10%. No people believe it. I know I am poor but I am young. Save is one of method to escape from “poor” cycle.
My working environment is totally difference from others industry. I stay in estate. Company provide me accommodation (bungalow lot) and vehicle (motorcycle). What I need to do is learn the plantation work and receive the monthly paycheck. Sound easy and good for me as poor guy.
My conclusion is if you want to become rich then plantation is one of the option. Inside the industry you only work for money with minimum expenses (10%) but no entertainment.
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