KUALA LUMPUR: The FBM KLCI erased earlier gains by midday as investors continued to take profit following a six-day rally in the closing days of 2024. At the midday break, the benchmark index was down 2.43 points to 1,630.44. The broader market, however, was positive with 506 gainers compared to 476 decliners, suggesting that investors had turned their attention to picking up bargains among the lower liners. Turnover was 2.4 billion shares valued at RM1.48bil. Investors continue to tread cautiously amid a suggestion by the Federal Reserve that there will be fewer rate cuts this year than initially projected, while the incoming Trump administration will fuel inflation with its growth policies. In China, the Shanghai Composite index dropped 0.46% to 3,247 while Hong Kong's Hang Seng gained 0.87% to 19,794. Singapore's Straits Times fell 1.71% to 3,799. Japan's stock exchange remained closed for a national holiday. On Bursa Malaysia, laggards included Nestle down ...
There are a lot of people who buy without putting much thoughts. However, this buy, buy, buy mentality could be dangerous and bad for our society as well as the environment. This is because we are a very consumer driven generation.
However, if you could stop for a minute and think as well as ponder, your wallet and Mother Nature will be very grateful.
REDUCE
Give yourself some time to think and ask if you can use less than what you are using. Sometimes, it is possible to make do with less of what we are using. For example, toiletries are the perfect example. If you do not waste shampoo or detergent, you will help to save a lot. This is all day-t0-day products that could make a huge difference.
Another good example would be the mobile phones. How many of us are changing phones every year? There are a lot of us who change mobile phones every now and then as we chase after the latest model. If we could save money from all these products, we will be saving a lot more. Besides, it also contribute to saving the environment.
REUSE
There are a lot of us who would invest in a new hobby only to find that we are not really into it. For example, I used to be very eager about the prospect of learning guitar. I bought a guitar only to find it collecting dust. Therefore, one of the ways would be to borrow from a friend and see if you are serious about learning it. If you can't borrow, then you can consider buying a used or refurbished version. Do not take things for granted.
RECYCLE
If you think that recycling is by putting your items into the recycle bin, you are wrong. You could also exchange items with someone or your friends. You could check and see if there are people who might be interested in exchanging or trading with your for something you want in return. For example, there are people who might be interested to exchange a barely used tennis racquets for a pretty new pair of skates.
RETHINK
Before you purchase anything, always ask yourself over and over again the reasons for buying it. It is important to think properly before purchasing something that could be wasted. Planning on your shopping will help you to save a lot of money in the long run
REFUSE
It is important to refuse to buy something. Despite of the cool factor of obtaining or buying something that is new, it is important that you are able to resist the temptation of buying something new.
The reason that I am blogging about this is because of the temptation that i face each time I go shopping. No doubt, it is great to be buying something new that is nice. I remembered the feeling of excitement when I first got hold of my HTC Trinity and the ipod shuffle.
With news and rumours about the upcoming iphone 4G and HTC Evo 4G, I always have the tendency to consider buying these new phones...or I might even consider HTC Desire.
The desire for something new is common and most of us find that in us. However, it is actually important for us to look beyond "Cool" and following with the trend.
If you are thinking about yourself only, buying these cool gadgets make sense since it helps to enhance your cool factor as well as your popularity in a way but what about people outside your world. People who are suffering because of our spending spree.
I think it is important to save every penny, not just for our sake but also for those around us.
Partly influenced by reading the One Foundation by Jet Li.
Therefore, instead of buying a new phone, I might consider reusing the Sony Ericsson of mine (quite an old phone) for my DigiCampus and continue using HTC P3600i for my Digi Postpaid...(in need of a new battery, I already order one)
However, if you could stop for a minute and think as well as ponder, your wallet and Mother Nature will be very grateful.
REDUCE
Give yourself some time to think and ask if you can use less than what you are using. Sometimes, it is possible to make do with less of what we are using. For example, toiletries are the perfect example. If you do not waste shampoo or detergent, you will help to save a lot. This is all day-t0-day products that could make a huge difference.
Another good example would be the mobile phones. How many of us are changing phones every year? There are a lot of us who change mobile phones every now and then as we chase after the latest model. If we could save money from all these products, we will be saving a lot more. Besides, it also contribute to saving the environment.
REUSE
There are a lot of us who would invest in a new hobby only to find that we are not really into it. For example, I used to be very eager about the prospect of learning guitar. I bought a guitar only to find it collecting dust. Therefore, one of the ways would be to borrow from a friend and see if you are serious about learning it. If you can't borrow, then you can consider buying a used or refurbished version. Do not take things for granted.
RECYCLE
If you think that recycling is by putting your items into the recycle bin, you are wrong. You could also exchange items with someone or your friends. You could check and see if there are people who might be interested in exchanging or trading with your for something you want in return. For example, there are people who might be interested to exchange a barely used tennis racquets for a pretty new pair of skates.
RETHINK
Before you purchase anything, always ask yourself over and over again the reasons for buying it. It is important to think properly before purchasing something that could be wasted. Planning on your shopping will help you to save a lot of money in the long run
REFUSE
It is important to refuse to buy something. Despite of the cool factor of obtaining or buying something that is new, it is important that you are able to resist the temptation of buying something new.
The reason that I am blogging about this is because of the temptation that i face each time I go shopping. No doubt, it is great to be buying something new that is nice. I remembered the feeling of excitement when I first got hold of my HTC Trinity and the ipod shuffle.
With news and rumours about the upcoming iphone 4G and HTC Evo 4G, I always have the tendency to consider buying these new phones...or I might even consider HTC Desire.
The desire for something new is common and most of us find that in us. However, it is actually important for us to look beyond "Cool" and following with the trend.
If you are thinking about yourself only, buying these cool gadgets make sense since it helps to enhance your cool factor as well as your popularity in a way but what about people outside your world. People who are suffering because of our spending spree.
I think it is important to save every penny, not just for our sake but also for those around us.
Partly influenced by reading the One Foundation by Jet Li.
Therefore, instead of buying a new phone, I might consider reusing the Sony Ericsson of mine (quite an old phone) for my DigiCampus and continue using HTC P3600i for my Digi Postpaid...(in need of a new battery, I already order one)
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