Sunday, November 1, 2009

BIG MONEY small money

In rich dad poor dad, they mentioned that, purchasing assets that generate wealth should come before repaying debts. that i agree, but i think when talking about debts, there's a distinction between debts and bills. Bills are necessities you'll need to pay for your daily living.

hmmmmmm.... being in the finanicial industry, i'm seeing a better picture on finance and interests. if i dont pay my singtel bill on time, they will charge me additional $5 for late payment. $5 dont really seems to be alot, but taking into consideration that my monthly subscription is only $7, its an additional 70%.

When you stop seeing small money as money, no matter how much BIG money you earn, will only be going to paying things that make other ppl rich. When you stop seeing where your money goes properly, you'll just lose all of it.

Make it a conscious effort to track your financial status properly.
If you cant pin point it, at least just try to keep of record of all the things you're spending on, no matter how big or small. even a Old Chang Kee currypuff of $1.20. from there, cultivate the habit of keeping track of your finances.

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