Make Our Money Work Harder by Investing in Our Financial Intelligence!

Hi Friends,

In order for us to be rich faster, we have to learn how to make our money work harder for us. Unfortunately, just by saving our money in the bank itself may not be enough. The typical saving interest rate of our saving account in Singapore, currently is pathetically very low, starting from 0.25% up to say 2-3% for a fixed deposit account.

On the other hand, we are paying 7% for the goods and services tax (GST)! On top of that, our money in the bank is actually shrinking in its value because of the high rate of inflation. Current inflation rate is about 6%! That means, your $100 today is equal to $94 next year, and only $88 in the next following year!

So, in my opinion, we cant just simply sit down and do nothing about it. In my case, I have to find a way out to help my saving from shrinking its value due to inflation.


As I came from engineering background, I realised that I may be lacking on the financial know-how. So since last year May 07, I have decided that I have to do something and invest in my financial knowledge by reading books, taking up some financial courses and etc. I can guarantee you, it certainly worth it!

As Adam Khoo once said, that the greatest money making asset that will make us a fortune is not from our degree, double degree, MBA, or PhD. It's not from our rich dad, rich mom, rich sister, uncle or grandma. The greatest money making asset it's actually OUR MIND, also known as intellectual asset! When we invest time and money to increase our knowledge and skills, especially our financial intelligence, it will not only return us 2% or 20% of our investment, but in fact it has the potential to give us infinite returns!

In my next few posts, I will be sharing with you few articles, again written by Adam Khoo which I find it useful to shape our mind about investment. Our teacher always says that "Low risk, low return. High risk, high return." But is it always the case? Find out the truth in the next few posts on the Investment Lecture Series by Adam Khoo!



To Your Success,

Julianto


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