Ever wonder why some people make it to the top so easily while some others work hard day and night only to earn for survival. Well, it is not just a matter of the hardwork poured in. It is also about the way one live their lives, use their money and also the type of work that they do. But if you are indeed willing to struggle for it, it is possible for you to be a millionaire.
The first step besides all the hard work put in your work is the willingness to create a personal expense account.
You will need to open a checking account just for your household expenses. Then you will need to figure out the amount needed for monthly usage from electricity, food, right til entertainment. After that, put the rest of the paycheck that you are about to receive into savings account for it to accumulate. This is for budgeting purposes and if you felt that you are using more than you earn, it is time to consider cutting on some of the expenses. The money put into savings account will need to be used wisely...if you're under 30, put all those money into stocks...At 30 and above, it is time to consider drizzling in cash, bonds, and other safer investments.
Secondly, manage your debt well. Debt is important as it helps us to make use of future money. For example, it will be quite impossible and ridiculous for you to fork out the entire 200k plus amount of money to buy a house. However, it is important to make sure that you know your debt and that it is manageable. Credit card could be used for this purpose as well...the ability to use future money and manage your debt will help you gain benefit as most products could be buy on easy payment basis these days. You could also consider the credit balance transfer for purpose of managing your debt and using future money. However, all of these require proper planning and one of the best way is to write it down. By using paper and pen, you will be able to have a clear idea on your debt situation. It is important to be realistic and open about your spending when you write it down. Only when you are honest about your own weaknesses that you could start managing your debt properly.
Third, become a PREDATOR. While this might sound bad, but you shouldn't really feel guilty about it. It's all business after all. During the bad times, many people will seek to sell their properties at a lower price because they are not able to manage their debt. Here is your opportunity to buy these at a bargain. DO NOT FEEL BAD about it because you are actually helping someone to get into a fresh start. In fact, the economy ought to thank you for helping to boost it.
Be steady and DON'T PANIC!!
In investment, there are good times and there are bad times. It is important to look at the fundamentals of the company you are investing. Don't be panic just because of the news and the crowd that seems to be panicking. Hold steady and know when is the right time to let go if necessary.
Last but not least, be INNOVATIVE and always looking for better opportunity. The world is a battle and survival of the fittest and if you are innovative in your approach to work, chances are you will see a better opportunity and grab hold onto it.
Welcome to MONEY MASTER. Money Master is a financial management and money talk blog where our aim is to become the money master rather than the slave to the money. Making money is no easy job if you treat it as a burden but once money becomes your friend and work for you, that is when cash flows in. Becoming the money master rather than slave to it helps us redefine the whole idea of earning more - it's more like the money working for us.
Translate This Page
-
Stock Info Market Monitor Company Profile Intel Corporation designs, manufactures, and sells integrated circuits for computing and communic...
-
KUALA LUMPUR (Nov 6): Bursa Malaysia ended the first trading day of the week on a positive tone, with the benchmark index rising 1.02% to ...
Malaysia Bank Swift Code
What is Swift code? Swift code is known as ISO 9362 and is a standard format of Bank Identifier Codes approved by the International Organiza...
Thursday, January 27, 2011
Tuesday, January 11, 2011
Flowers for home decoration?
Well, in my planning for the new house renovation, my family and I were talking about setting up lightings like those that we see on AVATAR....if you remember the 3D movie that somehow earn a lot of money for the beautiful scenery.
Anyway, I went to look for some people who are good at these and they told me it would actually cost me quite a fortune. I wouldn't want myself to be financially tight down due to these. Instead, I am planning to look for beautiful artificial flowers that could help set a greenish environment, something that I love after watching Avatar. The lightings that would be needed will then be much cheaper. These artificial flowers will be long lasting, beautiful and I plan to look for those that could give an elegant outlook.
After some discussion, the idea of buying artificial plants come into mind as my mother was telling us it would have been better to set up some lightings around these artificial plants instead. It will cost much lesser and the house could still have the design that I wanted. I am really thinking deep into this because I wanted the house to be comfortable and beautiful but I wouldn't want to spend too much on it alone as I have other plans for the usage of my money. I believe this is important because it will be very burdensome to my sister and I if we invested too much on renovation and accessories alone.
The idea was appealing to both my parents and siblings. I have look for some professionals who could probably help us with the floral arrangement and it won't be too difficult to maintain it. This will help lessen my mom's work in gardening. These plants will not only help to maintain the elegant look but it also help to create a warm atmosphere at home. Hopefully, some of my readers who might have more experience in floral arrangement and interior design could give me some of their opinions.
Anyway, I went to look for some people who are good at these and they told me it would actually cost me quite a fortune. I wouldn't want myself to be financially tight down due to these. Instead, I am planning to look for beautiful artificial flowers that could help set a greenish environment, something that I love after watching Avatar. The lightings that would be needed will then be much cheaper. These artificial flowers will be long lasting, beautiful and I plan to look for those that could give an elegant outlook.
After some discussion, the idea of buying artificial plants come into mind as my mother was telling us it would have been better to set up some lightings around these artificial plants instead. It will cost much lesser and the house could still have the design that I wanted. I am really thinking deep into this because I wanted the house to be comfortable and beautiful but I wouldn't want to spend too much on it alone as I have other plans for the usage of my money. I believe this is important because it will be very burdensome to my sister and I if we invested too much on renovation and accessories alone.
The idea was appealing to both my parents and siblings. I have look for some professionals who could probably help us with the floral arrangement and it won't be too difficult to maintain it. This will help lessen my mom's work in gardening. These plants will not only help to maintain the elegant look but it also help to create a warm atmosphere at home. Hopefully, some of my readers who might have more experience in floral arrangement and interior design could give me some of their opinions.
Subscribe to:
Posts (Atom)
Labels
Investment
News
share market
bursa malaysia
FBM KLCI
market daily report
stock
stock market
Brokers Report
Malaysia
Financial Management
brokers call
Personal Finance
research report
Financial
Economy
General
stock investment
Money
Articles
FBMKLCI
Stocks
market
PublicInvest Research
Budget
Wall Street Update
PublicInvest research report
Wall Street
KLCI
oil & gas
1MDB
Hong Leong Investment Bank research report
Personal Opinion
Dow Jones
Issue
US
bursa
Credit Card
Debt
Kenanga research report
equity market
kenanga research
oil price
politics
ringgit
Market Watch
PPP
klse
najib
property development
Malaysia Weekly Highlights
Nasdaq
oil
property
thoughts
EPF
Hong Leong Investment Bank Research
Income Tax
construction
Maybank Research
Misc
Money Master
Najib Razak
S&P 500 Index
The Edge Financial Daily
US stock market
bank negara
weekly
weekly investment term
China
Companies in Focus
Inflation
Loan
Rules
Theedgemarkets
business
maybank
plantation
s&P 500
warren buffett
Crude Oil
Insurance
MIDF research report
Maybank IB research
Retirement Planning
Reuters
business news
finance
global
opinion
spending
stocks with momentum
technology
Bank
Brokers
Feng Shui
OPEC
Savings
Wealth
bear market
currency
financial services
global market
investing
microsoft
wallstreet
1 Malaysia Development Bhd
1Malaysia Development Bhd
BNM International Reserves
Billionaire
Budget 2016
Commodity
Disney
Investment Term
Malaysia News
PCB
Petronas
Richest People
STD
Saudi Arabia
bloomberg
british american tobacco
gaming sector
low oil price
media
publicInvest
russia
share investment
stock pick
telecommunication
top glove
trading
wallstreet update
weakened Ringgit
2010
2016
Air Asia
America
Bad Debt
Bill Gates
Billy Toh
Budget 2017
Calculation
Chinese New Year
Currency Exchange
Education
Fed
Forex
Gold
IPIC
Income
Iran
Kenanga Research research report
Lembaga Tabung Haji
MAS
Macquarie research report
Oil & Gas sector
Quote
RHB
Semiconductor Industry Association (SIA)
Star Wars
Star Wars: The Force Awakens
US Fed hike
affin hwang capital
airasia
analyst
apple
axiata
bearish market
business highlights
construction & engineering
consumer products
dow jones industrial average
earnings report
equity
expenses
global bear market
healthcare
hup seng industries berhad
inari
inari amertron berhad
interest rate
learning
malaysia airlines
market news
maybank investment bank
oil and gas
oil palm plantation
oil prices
opr
overnight policy rate (OPR)
s&P500
s&p
satya nadella
scandal
thought
thought of the day
2013
2014
Bank Negara reserves
Broker Report
Budget 2020
Cash Rebate
Donald Trump
Earn
Financial Planning
Financial World
Forbes
Global Competitiveness Report
Global News
Global semiconductor sales
Goldman Sachs
Good Debt
How The Rich Get Richer
IOI Corp Bhd
India
Intelligent Investor
Interest Rates
Linear Income
M&A Securities
Mahathir
Malaysia Business Highlights
Maybank 2 card
P1
Passive Income
Privacy Policy
PublicInvest Bank research report
REIT
RHB Investment Research
RHB Research Report
RM
SIA
Sector review
TA Research
TM
TPPA
Telekom Malaysia
Tun Dr Mahathir
US news
USD
USD against MYR
United States
Wall Street Journal
World Economic Forum
Zeti
airasia x
airlines
apple inc
asset allocation
automotive
aviation sector
azure
banking sector
bat
beverage
bonds
box office
brent crude
budget 2015
bumi armada
buy property
cash
consumer discretionary
default
developer
electricity tariff hike
engineering
financial market
global economy
greece
gst
home
hong leong investment bank
house
infrastructure
iphone
jobs
kossan rubber industries
macquarie equities research report
malaysia Ringgit
market close
market updates
mukhriz
nadella
new era for oil
opinions
pipeline services
politic
public bank
random
rate hike
research
retirement
ringgit crisis
sector update
semiconductor
semiconductor sales
semiconductor sector
shale producers
share
sime darby
stock market. oil & gas industry
tax
technical analysis
telco sector
the edge
weekly news
world market
0% Easy Payment Plan
1MDB scandal
1mdb story
20 cents
2009
2011
29 minutes
3.25%
53 cost cutting measures
7-eleven
9 Things Rich People Do Differently Every Day
ABNxcess
AFP NEWS
AMMB
Abu Dhabi fund
AirAsia X Bhd
Alcohol
AmInvestment Bank research report
Amazon
Ambank
Aminvestment research report
Ann Joo
Ann Joo Resources Bhd
Anwar
Apple watch
Asia
Asian stock market
Avengers
BIMB Securities Research
BJ Auto
BP Plastics Holding Bhd
BSI Singapore
Bailout
Banking and finance sector
Benjamin Graham
Biden
Bio Osmo
Book
Borneo Oil Bhd
CIMB
CLIQ Energy Bhd
CPO export tax
CPO price
CSI 300
Carlos Slim
Carlsberg
Cepatwawasan Group Bhd
Charts
China General Nuclear Power Corp
China's bond market
China's wealthiest man
Christmas
Circuit breaker
Citibank Cash Back card
Commodity Watch
Credit
Customer Service
DSKH Holdings (M) Bhd
Dagang NeXchange Bhd
Datasonic Group Bhd
David cameron
Debt Status
Deficit
Deloitte
Dividend
Domestic news
Dutch Lady Milk Industries Bhd
E.U
ECB
EON
Eastern & Oriental Bhd
Eco World
Eco World Development Group Bhd
Edra
Euro
Europe Central Bank
European Union
Evergreen
External Trade
FPSO Genesis
Fed rate hike
Federal Reserves
Federal rate
Fitbit
Fitbit Inc
Gamuda
Genting Malaysia Berhad
George Kent (M) Bhd
Global Competitiveness Index
Global Issue
Gordon Growth
Greece exit
Greed is Good
Guan Chong Bhd
Guinness
HSBC
Hasbro
Hektar Reit
Hiap Teck Ventures Bhd
Highlights
Hillary Clinton
Hock Seng Lee
Hong Leong Bank Bhd
Hong Leong Bank Investment research report
Hong Leong Bank Wise card
Hong Leong Industries Bhd
ICB
IMF
INTC
IPO
IPOs
IT
Ibraco Bhd
Intel Corporation
International Petroleum Investment Company (IPIC)
Islamic Banking and finance sector
Ismail Sabri
JF Apex Securities
JF Apex Securities Research
Janet Yellen
Jerasia Capital Bhd
Junk
KNM
KNM Group Bhd
KVMRT 2 Investment
KWSP
Keep Up With The Joneses
Khir Toyo
LHDN
Leissner
Lim Kit Siang
Lucasfilm
M+ online Market Wrap
MARA
MH370
MIDA
MISC Bhd
MLTA
MPC
MRTA
MSN Money News
Madza
Malaysia Airports Holdings
Malaysia Banking
Malaysia Bond Market
Malaysia fund
Malaysian Palm Oil Board
Malaysian Ringgit
Mara Digital Store
March CPO export tax
Maxis
Maybankard 2 Card
Microsoft in the new era
Millionaire Next Door
Mistakes
Motivation
N2N Connect
NAP 2014
NTPM Holdings Bhd
Nazir Razak
News Update
News at a Glance
Nikkei
O&G
OCBC
OPEC war
OSA
Obama
Office 365 Windows 10
Oil Watch
PTPTN
Packet One
Parkson
Paypal
Perdana
Perisai
Petronas Chemicals Group Bhd
Petronas Gas Bhd
Pintaras Jaya Bhd
Pioneer Natural Resources Co
Power
Practical ways on spending
Prestariang Bhd
Public Investment Research
PublicInvestresearch report
RBC Capital Markets
RCP average poll of US election
RGB International Bhd
RHB Research
RM crisis
RM2.6 billion
ROE
Ranhill Holdings Bhd
Rants
Rating
Raya holiday
Recession
Ringgit's volatility
SEM
SKB Shutters Corp Bhd
SME segment
SP Setia
SRR
Saizen REIT
SapuraKencana
Seacera Group Bhd
Shale oil
Sime Darby Bhd
Simee Darby
Singles
Stimulus Plan
Stock Selection for the Enterprising Investor
Sunway Construction Bhd
Superlon Holdings Bhd
Swift Code
TIME
TMI
TNB
TOYOTA
TRC Synergy
Tan Sri Tony Fernandes
Tax Reliefs
Technorati
Tenaga
Tenaga Nasional Bhd
The Citizens Declaration
The Edge Weekly
The Negative Side
The New York Times
Tim Cook
Titijaya Land Bhd
Trans-Pacific Partnership Agreement
Trump v Clinton
Tsipras
U.K
UEM Edgenta Bhd
UMNO
UMW Oil & Gas
UOA
US Box Office
US election
US fed
US manufacturing data
US market
US patent and trademark
US prosecutors
US stocks
USA
USD/MYR
USEconomy
Uchi Technologies Bhd
Ultra-Rich Networth individuals
UniFi
United Kingdom
Uob one card
Versatile Creative Bhd
W-8BEN
WCT Holdings
Wahid
Wal-Mart
Wall Street support
Warren's Way
Windows 10
Yak Yew Chee
Yellen
Yinson Holding
abenomics
aemulus
affordable housing
ahmad bashah
ahmad zahid
airline
airports
alibaba
alternative investment
aluminium
asian market
audit
automobile
azure machine learning
bank negara malaysia
below $30 a barrel
berjaya auto bhd
berjaya food
bond market
borneo utara highway
brexit
britain
broadband
budget 2018
budget revision
bulk purchase of property
bullish
bullish market
burse
cloud computing
cocoa
coffee
consumer staples
consumption power
cost of having a baby
crane
customer
data
debt investor
deflation risk
development
downpayment for your home
early election
earnings per share
economic outlook
economic outlook 2016
economic sanction
economics
economy outlook
ecoworld
effective gross income
egi
election
election budget
electric utility
electricity
electricity bill
electricity production
endowment plan
energy sector
entertaiment
eps
essay
european central bank
eversendai
eversendai corp
export data
family
food beverage
food services
forecasts
foreign-worker levy hike
fundamental questions on retirement
genting group
genting plantation
george soros
global energy
global stock market
globetronic
glove
goldman
great eastern
group purchase of property
has oil bottom?
health
higher price
home business
household & Personal product
how low can ringgit drop?
humor
industrial package
industry product
interest
internet
investment income
investment plan
investment strategy
iraq
jack ma
jack ma ready to take on the world
jaks resources bhd
japan
jobless
kimlun
klci index
knowledge
land reclaimation work
lawsuits
life
lifestyle
lifestyle inflation
liquefied natural gas (LNG)
machine learning
maintain buy
malaysia government
managing debt
manchester united
manufacture polyrethane product
manufacturing
marine engineering
market closing
market outlook
markets
mazda
medical insurance
metering
microsoft earnings
middle class
monetary policy committee
moneymaster
mortgage
movie
negative
nestle
noon market
offshore marine support services
oil & gas services
oil gain
oil madness
oil market
oil production
oil rally
oil&gas
oldtown
opr hike
patent
petrol
petrol chemical
petroleum
petronas gas
pipeline project
positive
power generation
power plant
prime minister
primus pacific
private placement
profitability ratios
project reference
property & infrastructure
property development and investment
putrajaya
quantitative easing
relative strength index (RSI)
renewable energy
reputational risk
resources
retail
retailing
retirement fund
rhb research institute
risk
risks
ruble
salesforce
sapurakencana petroleum
savings for retirement
scicom
scientex
scomi energy services bhd
sector
sell
share markets
share price
shinzo abe
shipbuilding
shopping mall
stagnation
star publication (M) bHd
starbucks
statistics
steel
stock market bursa malaysia
stock market investment
stock price
swiss
swiss bank
takaful
tech
technical indicator
telco
the malaysian insider
the star
thermo-vacuum form plastic packaging manufacturer
time value money
top gainers
top losers
trade volume index (TVI)
traditional healthcare
uchi tech
umw holdings
upstream oil & gas
ursa malaysia
value of compounding
wal-mart effect
warren buffet
water related engineering
wearable tech
webe
windows
worldwide sales
zecon