Monday, August 21, 2006

What will happen if you decide to stop working one day? will you have money to maintain your present standard of living?

How many months you can go on after you stop working can be defined as your wealth. Yes, wealth is actually your streams of passive income. Nothing else.

So who is truly wealthy? Those professionals with big paychecks but spend like there's no tomorrow? Or those mid level managers with sound financial education and have been building up their portfolios of passive income?

When do you want to be financially free? do you have any strategies in mind? or are you just following what your parents have been doing?

For me, my 21 years of life has been the ideal blueprint that my parents approve of. Go to primary school, be in EM2 at least, then a good secondary school, preferably special stream, then to a good JC, preferably triple science (Biology is good! you can be a doctor!) , then get a good course in uni, hopefully medicine or architecture or accountancy or engineering or business...

Do I have any say in that? No. Because the path that I took is the path my parents longed to have. They have my interests at heart when planning this path out for me.

Am I complaining? Of course not! This path, though similar to most of my peers, has led me to realise that, besides academic education, professional education and financial education are equally important.

I am now in NTU learning my skills, probably to be an accountant or banking related field. I am training to be an employee.

I am fine with being an employee, after that it is all about job security and yada yada right?

WRONG.

The "iron rice bowl" has been a thing of the past. We are now in the Information Age, not the Industrial Age. Information, relevant, useful and the lastest information, will secure your future. Your knowledge will be the beacon for your career. Financial know-how will free you from the confines of your office. Heck, you can quit the next day and still live like a KING!

That will be great right?

But are you prepared to pay the price? Are you willing to learn? Are you wiling to polish up your financial knowledge? Or are you more secure in basking in the false comfy feeling of job security? What makes you think your degree is enough?

For me, I still have a lot to learn. Life is a journey anyway.

But I will resolve to build up my professional education. Qualifying for double specialisation is my aim.

My second aim is to polish my financial education. I aim to have at least 2 streams of passive income when I graduate.

My last aim is equally as important as the above: to treasure my loved ones, and never take them for granted.


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WOW I did talk alot man.... haha... ok go and makan, maybe return the fridge (sorry...) and then back to study!


I am A NERD!!!


wahahahhaha

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