Do you know the important of saving? I do, but I do not exactly practiced it, until recently. Maybe I do not realized how really important for me to do saving. This is the table that I got from reading Azizi Ali’s book ‘ Millionaires are from a different planet’. The table shows how you can have a million ringgit assuming of 9% annual return every year. Age Monthly Savings (RM) Interest (%) Total Earnings (RM) 20 340 9 1 million 30 892 9 1 million 40 2,643 9 1 million 50 13,258 9 1 million But I’m 27 now… and I do not think I save that much amount of money every month. I’m 27, so the money I need to save is around 700 per month?.... wow, then I have to live frugally if I want to. That means, selling my car, and change to a more affordable car, finding a housemate, earn extra money, like doing tuition, writing, and maybe helps my father at the farm so he can give me some money....
Life is wonderful