Yesterday, I was shocked by a recruitment advertisement that indicated the payment per hour for a cashier was RM5.00. WHY? Because I still remember the offer for such position was only around RM2.00 last ten years ago...
So, what is the problem? The problem is if you were doing the job and kept all the salary in the bank for 10 years, is your RM2.00 appreciated to RM5.00 now?? NO, the answer is very obvious.
How about your investment? Have you turned your RM200,000.00 to be RM500,000.00 in last 10 years?
No? Then you should revise your investment strategy.
Almost there? Then you have managed to protect the value of your saving.
Outperform? Then you should try to help those victims around you, if possible.
Inflation Eats the value of our hard earned money silently and endlessly. I am not sure whether this invisible monster, inflation, will be eliminated or not in the future. But I do sure that all of us to pay enough attention to every dollar we have earned and we should try our best to protect their value.
How? Very simple, spend what is needed in present; save what is needed in the short term; invest what is needed in the long term.
I think you already get the picture to allocate your money wisely now.
Written by: Xaivier Chia
(P/S: The above sharing is solely based on personal insight. Please do not take it seriously. However, your valuable feedbacks are very welcome. )
So, what is the problem? The problem is if you were doing the job and kept all the salary in the bank for 10 years, is your RM2.00 appreciated to RM5.00 now?? NO, the answer is very obvious.
How about your investment? Have you turned your RM200,000.00 to be RM500,000.00 in last 10 years?
No? Then you should revise your investment strategy.
Almost there? Then you have managed to protect the value of your saving.
Outperform? Then you should try to help those victims around you, if possible.
Inflation Eats the value of our hard earned money silently and endlessly. I am not sure whether this invisible monster, inflation, will be eliminated or not in the future. But I do sure that all of us to pay enough attention to every dollar we have earned and we should try our best to protect their value.
How? Very simple, spend what is needed in present; save what is needed in the short term; invest what is needed in the long term.
"Spend what is needed in present; save what is needed in the short term; invest what is needed in the long term;"
I think you already get the picture to allocate your money wisely now.
Written by: Xaivier Chia
(P/S: The above sharing is solely based on personal insight. Please do not take it seriously. However, your valuable feedbacks are very welcome. )
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