How to make your life better? Saving is the fundamental to start the way to financial freedom. Fixed Deposits(FD) will be the best choice to choose.
Why choose FD rather than other financial tools at the beginning? Let take an example as follow:
If we are the GENERAL, money is our SOLDIERS, TRAINING is our knowledge on financial tools. A general will not send his soldiers to battle field without training, because this will cause the general loss all his soldiers(money) and loss the battle(start all over again).
Someone will question, why you choose FD since the best rate just 3.15%p.a. Invest in others financial tools will get higher return/profit and faster too reach financial stable. Theoretical, YES, Practical, NO REALLY, because of RISK.
When a person have no monthly saving(money). Please stop move forward and look back, do our's getting better since 5years or 10years ago? If YES, congratulation to you. If NO, scare, worry, panic will start haunting until a change is made.
Let imagine what will pop-up in mind for RM200? Insurance? Petrol? Beer? Luxury Dinner? or etc. RM200 might get not much, let's go for Coffee and figure out what the problem. and the RM200 will just gone like that. (shopping after coffee time)
Please give a chance for yourself to change your life. HOW? Just One thing can't again't, COMPOUND. No matter how much you save, Compound is the magic for the saving.
just save RM200 per month. (Average salary for fresh graduate is RM2,500p.m)
RM200 x 1 month = RM200
RM200 x 1 year = RM2,400
RM200 x 5 years = RM12,000
RM200 x 10years = RM24,000
Please calculate the compound, make yourself a knowledge on it, just start with normal FD, then promotion FD, and etc. study all offer from difference bank, once completed our's homework, this will be our BASE. Financial Pyramid will be a good direction to follow step by step.
The minimum initial for FD is RM1,000 for 2 months and renew subsequent every 2 months.
If RM5,000 and above can choose to monthly renew.
Never forget the power of compound. and start your financial planning today.
Age is our limitation,
Mind-set is our barriers,
Ability is the tool
Why choose FD rather than other financial tools at the beginning? Let take an example as follow:
If we are the GENERAL, money is our SOLDIERS, TRAINING is our knowledge on financial tools. A general will not send his soldiers to battle field without training, because this will cause the general loss all his soldiers(money) and loss the battle(start all over again).
Someone will question, why you choose FD since the best rate just 3.15%p.a. Invest in others financial tools will get higher return/profit and faster too reach financial stable. Theoretical, YES, Practical, NO REALLY, because of RISK.
When a person have no monthly saving(money). Please stop move forward and look back, do our's getting better since 5years or 10years ago? If YES, congratulation to you. If NO, scare, worry, panic will start haunting until a change is made.
Let imagine what will pop-up in mind for RM200? Insurance? Petrol? Beer? Luxury Dinner? or etc. RM200 might get not much, let's go for Coffee and figure out what the problem. and the RM200 will just gone like that. (shopping after coffee time)
Please give a chance for yourself to change your life. HOW? Just One thing can't again't, COMPOUND. No matter how much you save, Compound is the magic for the saving.
just save RM200 per month. (Average salary for fresh graduate is RM2,500p.m)
RM200 x 1 month = RM200
RM200 x 1 year = RM2,400
RM200 x 5 years = RM12,000
RM200 x 10years = RM24,000
Please calculate the compound, make yourself a knowledge on it, just start with normal FD, then promotion FD, and etc. study all offer from difference bank, once completed our's homework, this will be our BASE. Financial Pyramid will be a good direction to follow step by step.
The minimum initial for FD is RM1,000 for 2 months and renew subsequent every 2 months.
If RM5,000 and above can choose to monthly renew.
Never forget the power of compound. and start your financial planning today.
Age is our limitation,
Mind-set is our barriers,
Ability is the tool
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