Prices for Everything Go Up, Grow your Money Tree

If you feel the pressure from the Price hike, if your are just a salary earner, one thing that you can do and you should do immediately:-
GROW YOUR MONEY TREE !!

You may ask how ? since you have nothing left in pocket every month end, salary is barely enough to cover the monthly expenses.

By hook or by cook, you have to do it, bite the bullet, DO IT NOW!
THERE ARE NO OTHER WAY, SAD TO SAY.

I suggest this steps for you to start with:-

1) START SAVING
Allocate a fixed amount from your pay cheque for saving, save it in a separate bank accounts monthly. The balance for monthly expenses.

2) CHANGE LIFESTYLE
Change your lifestyle, adjust your spending so that you will never overspend.

3) START READING TO ENHANCE YOU INVESTING / MONEY KNOWLEDGE. (SOME CALL IT F.Q.)

There are many ways, suggest you some ideas:-

• Buy Monday Nanyang Siang Pau, make it a habit to read 'Cold Eye' column in Finance Section.
• Buy a 'Cold Eye' Share Investment Book, you can find it in any Popular book shop, I rate it a entry level investment book, suitable for those totally new in share investment.
• Make it a habit to read financial section in any Newspaper. Prefer 'The Star' and 'Sin Chew'

4) VISIT SHARE BROKING BRANCH
Just to get a first hand experience on what is actually a share market.


5) START INVESTING

ONLY DO THIS WHEN YOU HAVE ACCUMULATED A CAPITAL SUM FROM YOUR SAVING AND ACQUIRED ENOUGH F.Q. FROM STEP 3.


6) READ MORE AND MORE INVESTING BOOK FROM THE GREAT GURU.

BY DOING THIS, THE ULTIMATE OBJECTIVE IS TO HAVE AN INVESTMENT INCOME THAT LARGER THAN YOUR MONTHLY SALARY IN YEARS LATER. SLOWLY BUT SURELY.