There will be no complicated mathematic equation in this post. To accumulate wealth, we just need to maximize the below most important elements.
Saving
This is how much we are able to keep the hard earned money to ourselves. Can we save RM300/month, or RM2/day, or RM50,000/year? Pay yourself first!
Time
We must give enough time for our money to work for us. The younger we are to start saving, the better it is.
Return
Rate of return is normally associated with the amount of risk we are willing to take. If you know an investment instrument well, you will eventually bear lower risk as long as you know what you are doing. Get higher return from our money! Put our money into places where they can work really hard!
Imagine the box in the picture is the amount of money we accumulated. Increasing the value of the 3 basic elements, we will certainly get a bigger box —-> more wealth!









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It is very simple, but very important.
I think I can manage the first 2. The 3rd one is a bit shaky for me. I need more education for that one.
i agree, wealth accumulation takes time. It is a process
http://www.becomingyourownbank.com
Hi KC, I like your articles, they are straight forward and coincise. I bought your book last weekends. Your tips and advices are very practical. Many thanks. CA
@CharcoalArt
Welcome!
The question is.. where to save to get the highest ROI? Where to save??
@ Rob,
Good question! Keep asking it and keep finding the answer.
At the end, we all have different set of answers. Something good for me might not be good for you.
Follow your own path.