These is a question asked by the book "Rich dad's guide to investing"
which of these core values are the most important to you? rate them accordin to their importance in earning money.
1) To be rich
2) To be secure
3) To be comfortable
Most ppl i ask do not agree with me. most rate to be secure as highest piority, with being rich mostly last on the piority list. It is as the book has said, that being rich would be the lowest piority for many ppl. there is nothing wrong in which ever order one rates these values, as each piority requires different plans and can allow one to live life happily.
In my case, i would believe that being rich would be at my highest piority now. However being secure comes in at a close second place followed by comfortable, which is last. Since young i have always dreamed of being rich. the feeling of having money in my hands raises my spirit and mood. Everytime i look into my bank account i feel a sense of achievement for saving that amount of money. however it is also the need to feel secure that my money wun fly away that i try my best to scrimp and save,thus sacrificing comfort whenevr possible. However, it has only been recently that i realised that the money in my bank is just sitting there doing nothing. this came about as my NS friends were discussing about bank benefits, which then lead to investments and inflation. It also made me think about my future. thus leading me to this book on investing.
Ive read about 1/4 of the book already. As the title suggests, it is a GUIDE, not some secret formula to success. The book is kind of good, however it has made many recommendations that i hve either yet to fufill or have doubts of fufilling. These are:
1) getting a fixed income
2) speak to at least 1 financial advisor to create a financial plan
3) create more then 1 financial plan
3) start to speak in finance terms
4) learn to read financial statements
WOW, alot of things sia...how to accomplish? It may be alot of trouble, however i will persevere and get my basics right. im prepared to learn as much as i can about the finance world. i hope this is not another 1 of those short term interest that my short attention span is always aquiring. may i be motivated at least till i read finish the book..
Thursday, August 07, 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment