You work hard for your money, so make your money work hard for you by investing
wisely. Whether your objective is to build a retirement nest
, pay for a dream holiday or your children's education, informed and conscious
decisions as well as the right investments can turn each goal into a reality.
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1) Lifestyle is a pre-determined desire
Everyone has a desire for something - a dream holiday, a house
in a good neighborhood, a family car or living the life of the rich and famous.
You know what you want, when you want it and how much it is going to cost you.
2) There are short, medium & long-term lifestyle goals
Most people have different goals at different stages of their
lives.
Some goals are desired and attainable in the short and medium term while some are
desired at a later part of their life.
3) Money is the means to fund your desired lifestyle
While money is not everything, it provides you with the means
to live the lifestyle you want.
With money you can have the things and do the things you want whenever and wherever
you so desire.
4) You can either fund or borrow to have the lifestyle your
want
Some would live an expensive lifestyle on credit. This is
a borrowed lifestyle that may affect them financially later. A wiser move is to
build a fund to realize the desired lifestyle.
Investing early allows you to benefit from compounding interest while regular investment
top-ups accelerate your wealth-building process. This will help you achieve you
desired lifestyle faster!
To illustrate this, here 2 hypothetical investors - Regular Rebecca and Lump-sum
Larry. Both invested an initial amount of RM10,000 and always earn 6% per annum.
Lump-sum Larry remained invested for 25 years without any regular investment top-ups.
Regular Rebecca makes regular monthly investment RM1,000.
5) The cost of living escalates every year!
Increasing inflation and cost of living makes living in the
modern world an expensive one.
You need to be financially prepared to live the lifestyle that you want.