Two years ago, I set my goal on certain things especially on my financial status. Today, I am glad to have achieved my goal, slightly delayed but I am still happy about it.
I aimed to earn certain figures per month and to invest RM10K in fixed deposit. I am so grateful that I had successfully hit both my goals. I believe I could have saved more than this but I have decided to spend some money for personal satisfaction and family.
I have yet to achieve my financial freedom but I am on my way.
HOW DO I ACHIEVE IT?
- Saving Is My First Target
Somehow from childhood I have cultivated a strong habit for saving. I don’t waste things. I have attached a strong negative emotion on wastage in all possible ways. I believe that anything can be reusable with little bit of creativity.
When I moved to KL for survival, I ended up with two Maybank accounts because the Company I worked for want me to have an account locally. They have done a great help with this. So, I used one to channel my incomes and another to deposit savings.
The first transaction after the salary deposited is goes straight to saving. I make sure I associated a strong positive feeling on this. I trained my mind as such that if I started off with spending its forever will be spending. It’s worked well for me.
- Concise Spending Is the Key
I think my family members and my close friends knows that I am very calculative when comes to money. When I have decided to scarify this for someone, then the person should know that I have undisputed love for them. Other than that, it’s always $$$$ that I count.
I am very concise when comes to spending. I am a smart consumer. Of course, once I was a lousy smart consumer. I tend to waste a lot of precious time thinking being smart. I tell you what, walking the same shops for multiple times and day aiming to find the best for the money is not smart at all. Time is more precious than anything else in the world. So, don’t lose it.
I learned to drop my habit of buying cheap products and picked up an attitude to spend money for branded items yet value for the money. I found myself comfortable with high self confidence. I am a happy girl now and I have no regrets for spending money for valuable branded items.
- Emotional Control
Ok. I am an emotional person, that’s for sure. But, when comes to purchasing I don’t throw emotions into it. I always examine the necessary the each purchase. I’ll make it’s in priority list; If it’s not I’ll hold it for the next time.
I think we spend most of the money to unnecessary products only because we have attached too much of emotional to it. This could be hardest thing to practise at beginning but worthy to practice.
I would suggest to starts slowly until you master it. Wish you all the best.
- Scarification Is Not To Be Missed.
Of course, gaining comes with a lot of scarification. It’s not easy without scarification; and scarification itself is not easy.
There is an advice by money experts “The money we are earning from basic incoming is not ours to spend”. I’m not asking to you to stop spending but do that little scarification of one/two shirt instead of bulk purchase, plan your purchases monthly instead of emotional purchase or develop your creativity to reuse the things.
- Have That Analysing Mindset
I think as a person and human being analysing is a basic requirement we must own. Even though analysing anything and everything doesn’t bring much benefits but it’s better to analysis anything to do with money. The truth is money is not easy to earn but so easy to spend. Marketers are coming with all kind of creative ideas to manipulate your emotion and mind to trigger that purchase. We are easily brain-washed with all that attractive cosmetic, fashion, style, hair products and etc … etc … ads. We are without doubt being manipulated. Don’t you think so? So, learn to make your own decision.
I WISH YOU ALL THE BEST. KEEP WORKING ON YOUR MONEY GOAL.