INCOME – SAVING = EXPENSES

WHAT do they think about the mathematic equations above?What's the major difference between the 2 "similar" equation? The answer is: what is the priority? spending or saving?If your priority is to spend first, then only to save what's left, it is most likely expenses>savingsIf your priority is to save first, then only spend what's left , it is most likely savings>expenses INCOME – EXPENSES = SAVINGSINCOME – SAVINGS = EXPENSES Majority of wealthy people are the 2nd type. Saving is their priority!
If you find it difficult to delay your gratification, please engage some system to help you, such as EPF, insurance plan or standing instruction on UNIT TRUST PURCHASE. We can even ask our mom to save for us.

THE STRESS OF SAVING VERSUS THE STRESS OF DEBT THERE is definitely stress in saving money. First, you have to be vigilant about deals and sales when you want something. You also do things like budgeting to make sure that you have money to save. Then after you save your money you have to figure out how to allocate it and manage it so you don't lose what you worked for to INLFLATION and other larger forces and truly sometimes, managing our growing portfolio to be a pain in the butt.

BUT the stress of debt is very draining and even debilitating. Unfortunately sometimes it creates a vicious cycle because research showed that when we are sad we tend to spend more money than usual. IMPORTANT! MY ADVICE , SAVING MONEY GIVES YOU A SENSE OF SECURITY AND WELL BEING.

SO START SAVING NOW & DO RINGGIT COST AVERAGING EFFECTIVELY!

Call me with no obligations and at service,

Md Sulaiman 013-7556776 mdsulaiman1@gmail.com