money talks!

The 2 hardest things for people to do,

1. is to quit overspending.

2. is to quit over saving.

The reason i highlight this 2 points is that, who doesn't want to be financially well off in our capitalistic world today?

But every month, if your income is higher or equal to or just slightly less than your expenses,
the fact is that you will never become rich, or worse, you are in debt.
Because of your mortgage loans or car loans and even credit cards loans.

Mortgage comes from the old french word for "dead pledge".
or put it across in layman's term, an engagement till death.

If you don't believe me, just ask around those newly married couple who just brought their first home, how many years of mortgage loans did they take up?

Some took up to 30 years of repayment periods because of the low monthly installment, they spend their whole working life paying the bank first.

It is true like once they sell away the house, they will make a "profit" and most of the time, property in our country will goes up in prices because of limited land space.

And there's another group of people,

what i like to call the over savers.

It comes from a teaching from one of my lecturer who says that in our lifetime, with a degree in singapore, $1,500,000 - $3,000,000 will pass through your hands in your life time, but how much of them will you be able to retain?

These over savers are usually quite sought after in their own field and is doing quite well.

And they choose to be wealthy by saving as much as possible, finding the cheapest meals and shopping during sales and always wanting to find the best bargains.

As written in rich dad poor dad,

you can become rich or even millionaire by being cheap, but when you are a millionaire, you are still a cheap millionaire.

The only reason why people today wants to earn more money and become richer is simply because they desire to have a better lifestyle for themselves and their family, so by being cheap, it totally defeat the purpose of being rich.

With the same amount of regular savings, and educating yourself a little bit more about money, you might be surprise at the outcome other than the interests that banks are offering you, ultimately, helping you to achieve what you wants.

That's is the kind of lifestyle which you only dares to dream, but now, is within your reach, if only you learn to educate yourself a little bit more.

Our Rat Race

There's a saying which i read somewhere before, it sounds something like

"Even when you win the Rat Race, You're still a rat"

Do you want to be a rat all your life ?

Working hard, getting a promotion, earn more money, get a bigger house, drive a bigger car.

I'm not against you working hard and earning a better income for your family and lifestyle.

But if you spend all your life working very hard till the extent which you don't live your own dreams, even if you make so much money, how does you feel ?

Previously when i was an employee, i look at my directors, 5 digits salary, big house nice car, but they spend their weekends doing reports and analysing charts, spend their weekdays evening together with their reluctant employees having meetings.

I thought to myself, i don't think thats what i want.

Call me lazy, call me a bum.

But i hate the idea of me generating income for somebody to fulfill their dreams yet not fulfilling my own dreams.

Earning tens of thousands for people yet i only get such a small cut out of it.

I am somebody who wants to fulfill my own dreams and therefore decided not to get caught in our rat race.

However, there are people who enjoy working 12hours a day and throughout the weekends.

Unless you're telling me that's your dreams, ...
I'm not saying that you should quit your full time job.

Continue working hard, get promoted and a pay increment.

When you get your pay cheque, please pay yourself first.

And there will come a time when you can do with or without your day job.

So that someday when you feel that the stress is too great for you to take, or you doesn't have enough time for your loved ones, you can walk out of your job without impacts on your finances.

That's when you know you're out of the rat race.