You save your money in bank, thinking that they are protecting your money and give you decent interest. But they are actually robbing your money from inside by using inflation. You keep money that get 3% interest, but they print money so fast that cause money lost its value for 10% a year. So the bank keep rob you 7% every year legally. Even as you reading this post, money still keep printed in every federal bank throughout the world
You pay tax and hoping government will take care of you if anything happen. EPF sound so good, first house scheme feel so reliable. Yet government also rob you legally by corruption, inflation and tax. EPF is proven unreliable as most retiree use up their EPF by 3years. Younger generation feel harder to buy house regardless their salary exceed rm3000/month.
Then theres a group of "samaritan" that called themself as broker, financial advisor and financial planner. (Of course I am also a financial planner) They ask you to buy, invest and save money in insurance, mutual fund, property and all kind of investment. Many buy these products without really understand the purpose of them. The fact that every product have their own purpose, for example : insurance is surely a necessity, but it is needed for protection and minimize risk. Yet, many people buying insurance for saving and investment. The true way of buying insurance is using the lowest premium to buy the highest cover or protection. This problem are still the same with unit trust, properties, and stock. Make sure you really understand it before invest in it. Every agent surely will tell you their product is the best as they also are trying to earning money. Therefore, if we have a good financial knowledge, then we can analyze and think before we make any savings and investment. As most financial products designed to be complicated to confused the low financial intelligent. I am a financial planner myself, and I know so many kind of financial planner, some maybe sincere to help you, and some may just thinking of their profit. So make sure you consult a trustworthy wealth planner to manage your wealth. As Robert Kiyosaki always say : "Investing itself is not risky, but lack of financial education and listen to poor financial advise is risky"
So all these will back to one thing, which is your own financial intelligent or knowledge. God created us human, and say that we are the finest in all creation. We have an amazing brain, with great potential. Almost 23, I am so upset that I only really start to learn about financial literacy since last year. And I feel that I wasted most of my younger years. But I am thankful now that I find my dream which is to achieve financial freedom. Financial freedom is not my interest, but it is my dream to achieve financial freedom so that I can pursue my interest. Financial knowledge is so much to learn, past few months I may make wrong move or suggestion because I myself still in learning process. But mistake make me learn more. Therefore, for anyone there who haven't really start to improve your financial knowledge. Better start now before your wealth is rob legally by some "legalized robber". Financial knowledge is not about how to earning more money, but is how to manage your hard earned money, increase your cash inflow and protect them from inflation.
I recommend Robert Kiyosaki books as the first step to learn more about financial education. For online resource, I met a wonderful friend and mentor. He is Asia youngest wealth coach, Jonathan Quek. The rule of money is never the same again. If we no learn the new rule of money, then we will left behind in this rapid and cruel world. Always remember, our greatest asset is not our house, gold, investment or savings. But our financial knowledge. Good luck and all the best
0 comments:
Post a Comment