Greater financial well-being is not beyond most of us.

I know that some people are very critical of me. 

Some have also been verbally abusive. 

I used to confront them (online) but, these days, I don't bother.

These critics say that I try too hard to save money and that the savings couldn't possibly amount to anything significant. 

I must admit that they could be right. 

What did AK just say? 

Well, I am just being rational.

To the very rich, $5,000 a year might indeed be a drop in the ocean and I do know that there are some very rich people reading my blog. 

They are millionaires and many have income of $50,000 or more a month. 

Yes, not in a year but in a month.

我的天阿!

Well, most of us are not like that but it does not mean that financial well-being is beyond our reach.

Take an hour or two to reflect on the way we are spending money and explore ways in which we could do things differently, if we have not done so before. 

We could surprise ourselves with how much money we could save if we just do two things:

1. Cutting down on wants. 

"Is it something we can do without?"


Example: 
I really want a home theatre system but I know I can do without it.

2. Simplify our needs. 

"Is there a less costly alternative?" 


Example: 
Meals at home or the kopitiam is just as good as meals at restaurants.

The Chinese people have a saying:

"万丈高楼从地起。"

It means that even the construction of very tall buildings will start from the ground up.

Greater financial well-being could be closer to most of us than we think.





Related posts:

Habit to becoming richer.

"Keep our needs simple and our wants few." AK

Buy a condominium unit or stocks for investment?

A conversation with a reader:

Hi Ak71,

I would like to get some advice weather I should get a private apartment and do long term investment at the same time.

As for the apartment I would like to rent it out and sell it. I am still very green in these area. Hope we can have a small talk help me understand and look at the bigger picture.

Some information total cost of the unit 4xx k, getting 80% loan from bank.  

Regards,

L

My reply:

Hi L,

Welcome to my blog. :)

I won't say too much. I will just ask you to consider the following:

1. You want to go to my blog's right side bar and look for the box labelled "Investing in real estate".

2. If you are interested in long term investment for passive income, you might want to go to my blog's right side bar and look for the box labelled "Passive Income: A Journey."

3. Of course, make sure you have your personal finances in order first before proceeding to try your hand at investments. This is very important. Anyway, you might want to look for the box labelled "My Methods and Philosophy."

If you read up on the links in the boxes suggested, you will get an idea what I might say to you in your case. ;)

Best wishes,
AK

I have published more than 2,000 blog posts and counting. Do a search and you might find the stuff you have in mind. Please read disclaimer found at the bottom of this blog too.

Related posts:
1. To rent or to buy? Rule of 15.
2. To retire by age 45, start with a plan.
3. How to have peace of mind as an investor?
4. When to buy a private residential property?
5. Ask two questions when buying an investment property.