It
doesn’t literally mean that you need to sacrifice your health in exchange for
wealth. Duh!!
The
social circles of today are ever chasing for wealth and any form of material.
We have seen the most billionaires emerging from China and India in the last 10
years or so.
And
that sets a trend. Many are jumping onto the bandwagon, chasing wealth at the
expense of friendship, relationship and even health. I have to say that is
stupid.
Has anyone of you heard of David Bach? David Bach is best
known for his Finish Rich Book Series and Automatic Millionaire Series of
motivational financial books under the Finish Rich® Brand. Eleven of Bach’s
books have been national bestsellers, including nine consecutive New York Times
bestsellers, two of which were consecutive #1 New York Times bestsellers (The
Automatic Millionaire and Start Late, Finish Rich)
So
what changed me?
Like
I said earlier, both good and bad chains of events have taken place in my last
5 years of life; mostly good though.
I
am pleased to have such a beautiful wife, ever caring and managing my 2
daughters. My 2 daughters have grown up so quickly to be even more beautiful
than my wife what I could have imagined. Today they are 9 and 7
respectively.
In
a very short 10 years from now, they will be moving on with their lives
starting with tertiary education and slowly moving into the working world.
They
will then leave my wife and I to cuddle each other apart from our unique
arguments to begin a journey that is being set out for them.
In
the last 5 years, everything that I have done has been for the family if not
the kids. It has always been saving up for the kids. But the problem was the
incremental savings year after year was not visible. Yeah, it was supposed to
be incremental yet it wasn’t an amount that I would be glad of.
Our
form of savings was to dump into conventional investments like Fixed Deposits.
Slowly I started to venture out; from gold investments to foreign currency
deposits to mutual funds / unit trust.
In
the next 5 years, I have set a target to see my capital investments giving me a
return of ~20% on an annualized average. Ok here comes my technical jargons.
Anyway
to cut a long story short, with the constant nagging of my wife, I took up a
financial license. And here so I am to share the beautiful news, awareness and
experience.
Just
a question to everyone before I end the post – if you saved up $100 a month,
how much would that be in 10 years?
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