The Best Advice Ever About Money by Zamri Nanyan
Wanna know best ever advice you can get about money?
Here it is...
Let's say that you are getting regular monthly salary from work and you are happy with it. Now, at end of month (and most of time, two days after you get your paychecks), you wonder where all your money is gone.
You begin reasoning.
30% of it goes to house mortgage. 20% of it goes to car payment. 10% of it goes to credit card payment. 5% of it goes to utility bills. etc, etc, etc...
"That should be fine. I've got all taken care of. Next month, I'll get another paycheck and same cycle goes on and on... enough for me to survive whole life."
Well, you gotta be careful now.
What happens if your car broke down? What happens if your kitchen needed renovation after a heavy storm last night? What happens if you suddenly forgot that you've overspent your credit card? What happens if you fell sick?
Things could be worse, and now is time that cliche "Fix your roof on a sunny day" is very much true to you.
You don't want this to happen to you, right?
There could be thousands of things that could go wrong in our lives but unless we realize that we need to prepare for worse, we'll never get ahead of ourselves.
Sometimes, fixed salary could be a good thing for you because you can plan with what you want to do with your money on a predicatble basis. Though I strongly believe that you still need a secondary income - preferably a recurring secondary income - to improve your financial situation at any level.