Maintain a comfortable lifestyle well into the future.
Young people nowadays are more concerned with living life luxuriously in the present than saving for their future needs.
However, the unexpected can happen at any time. Our jobs, families, and even physical health can present us with problems that we are not financially prepared for. That is when we will need to rely on our savings.
Everyone has to plan their budget and save at different stages of their lives. Savings can be used for a rainy day, tiding through times of illnesses, getting married, or even for the bigger things in life like tending to our children’s education needs, buying new home, and retirement.
According to recent survey, only 34% of Malaysians are putting aside money regularly for their retirement funds, much less their other future needs. *They seek material satisfaction instead of deferring their spending and fail to plan for wealth accumulation. Such a lifestyle will leave people ill-prepared for inflation and rising medical costs.
Inflation itself can be another intimidating factor. Today, three meals will cost someone RM20 a day, but in 20 years’ time, with inflation rate of 6% a year, those same three meals can cost up to RM64.** While this figure is suggested by our government to be 3,2% to 4.8%, wealth advisors have found that the figure can go up to 6% in urban areas.
EPF alone is not enough to tide most through retirement years.
In a recent EPF finding, it is reported that 60% of those withdrew all their contributions at 55 spent all of it within 3 years, leaving them destitute. With the life expectancy of men being 71 and women being 76, the average man now can go through the last 16 years of his life without income.***
But what can we do to avoid such a fate? The solution is simple: Start saving early. It is possible to plan our lifestyles in such a way where we can have what we want and still strengthen the bank account. From daily efforts like cutting back on our expenditure, and paying attention to our unnecessary splurging, we can plan our financial futures.
What Is Your Plan For Managing Your Finances?
Don’t put it off. The earlier you start, the more you stand to gain.
Sources:
* The Star, August 9th, 2007
** The Star, May 27th, 2007
*** The Borneo Post, Sunday, January 20th, 2008
Are Your Savings Enough To Last A Lifetime?
on Friday, June 10, 2011I'm back
on Thursday, September 3, 2009Hoho.. Peace upon all my friends... Hello everyone.. I'm back... Stay back for more update...
男人女人到底谁比较专一
on Thursday, June 4, 2009不同年齡男女的需求(我非常同意）
不同年齡男女的需求
【0 - 5 歲的時候】
女→媽媽。
男→媽媽。
【6 - 10 歲的時候】
女→不是討厭的男孩子就可以了！
男→可以陪我欺負女孩子的男孩。
【11 - 15 歲的時候】
女→十五六七八歲的大哥哥，千萬不要同年紀那班野蠻人！
男→足球，籃球，網球，乒乓球......
【16 - 20 歲的時候】
女→我要十七八歲差不多年紀大家都說讚的「大帥哥」！
男→女人，女人就可以了！
【21 - 25 歲的時候】
女→25-29歲的成熟男人，要有事業基礎，有品味，才華......
男→20-24歲漂亮又有身材的女人。
【26 - 30 歲的時候】
女→仍是堅持要比自己年紀大的男人。
男→20-24歲漂亮又有身材的女人。
【30 - 40 歲的時候】
女→心靈契合的好男人。
男→20-24歲漂亮又有身材的女人
【40 - 50 歲的時候】
女→男人。
男→20-24歲漂亮又有身材的女人
【50 - 60 歲的時候】
女→可與他終老的男人。
男→20-24歲漂亮又有身材的女人。
【60 - 80 歲的時候】
女→五六十歲時找到的那個男人，最好不需要自己照顧的。
男→20-24歲漂亮又有身材的女人。
【80 - 90 歲的時候】
女→比自己遲死的男人。
男→雖然我已經老花眼，看不清楚......但是我還是希望是20-24歲......
總結：男人打從20歲後...對女人的需求就十分專一。 所以男人比較專一
Kaka
on Wednesday, June 3, 2009
Kaká was born in Brasilia to Simone Cristina Santos Leite and Bosco Izecson Pereira Leite (a civil engineer). Although most Brazilian footballers come from poor families, there are exceptions and Kaká is one of them as he was born in a relatively rich family that encouraged him to focus on both school and football at the same time. His younger brother, Rodrigo (known as Digão), is also a professional footballer.
When he was seven, his family moved to São Paulo. His school had arranged him in a local youth club called "Alphaville," who qualified to the final in a local tournament. There he was discovered by Brazilian side São Paulo, who offered an assignment.
At the age of fifteen, Kaká suffered a career-threatening and possibly paralysis-inducing spinal fracture as a result of a swimming pool accident , but remarkably made a full recovery. He attributes his recovery to God and has since tithed his income to his church.
Kaká is a member of the organization Atletas de Cristo ("Athletes of Christ"). His goal celebration consists of him pointing to the sky as a gesture of thanks to God. Kaká's favourite music is gospel, and his favourite book is the Bible. Since November 2004, he has served as an Ambassador Against Hunger for the United Nations' World Food Programme, the youngest to do so at the time of his appointment.
Kaká was sworn in as an Italian citizen on 12 February 2007. He features prominently in Adidas advertising and also has a modeling contract with Armani, the latter preventing him from appearing in a photo collection alongside his Milan teammates that was published by Dolce & Gabbana in early 2007.
He married his childhood sweetheart Caroline Celico on 23 December 2005 at the evangelical Reborn in Christ Church in São Paulo. Their first child, Luca Celico Leite, was born in São Paulo on June 10, 2008.
Haha.. and according to Kaka.. after retire, he may consider to become a Pastor in Brazil! Glory to God!
26 Hour 30 Minute to go...
on Friday, May 15, 2009
Back to Man Utd!!! After the match against Arsenal, you will becoming the best club in England together with Liverpool!!! Hahaha... Hopefully 19th will be coming next year...
13th May
on Wednesday, May 13, 2009This is the day senior citizens of Malaysia will always remember in their heart... Don't ask me why this day is so significant... Hahahaha... If u are a true Malaysian, then u should have knew it...
Okok... Then what is this date so special or significant to me?
Hohohoho... Actually nothing la... Just that the weather for today is damn hot and humid... As hot as the 3am English Premier League match between defending EPL Champions Manchester United away to Wigan Athletic later in the early morning (Thursay morning)... Can't wait to watch this match later... and and... I really wish the broadcaster can show live picture on the faces of the Liverpool fans when Manchester United defeated Wigan Athletic... Hohoho.. Sure very interesting...
Ok... back to the weather... I wan't to condemn those leaders from big developed nations and those developing countries who very stuborn with the global warming issue... The scientists have warned you and us... the signals are very clear out there... and yet you assume nothing is going to happen... I can only say "YOU ARE VERY STUBBORN AND STUPID WHEN COME TO THE GLOBAL WARMING ISSUE!!!" because of your stubborn!!! we have to suffer!!! So 13th May should be remember as a day to condemn these leaders!!!
Yeah! After I have comdemned all these useless leaders.. I feel a bit cooler now... Hohoho...