Start To Invest From Young

I’m really very worried for the youth nowadays. Most of them spend money like nobody business. This is especially so in Singapore and the parent spoiled them with money instead of love.

Singapore used to be a fishing village not too long ago. One of the main factor contribute to the rapid growth of Singapore is due to Saving. I still vividly remember that when i was in primary school, the government encourage the citizen to save money even if you are still a kid. I can also remember the commercial by POSB with the their mascot. A saving country like Singapore spur up very fast and becoming a Rich Country in a matter of less than 50 years.

Learn To Manage Your Finance First Before You Start To Invest

You have to really start to invest since young. The very least you can do is to save 10% of your allowance or whatever money that you can grab hold with into a piggy bank. You can also start to read book about managing your finance.

Well most of the people including me only think about investing investing investing and nothing else … The truth of growing your wealth is rather how your MANAGE it. There is no point of knowing the skill of investing or trading yet you mismanage it and spend all the money.

Thus besides knowing the technical aspect of trading or the knowledge of investing, You still need to learn basic personal finance. Believe me … I have seen too many people lose back all the money that they made from the market as they just lack of the skill in managing the finances.

Personal Finance 101 …

Set aside 10% of your income (pocket money, prize money or whatever …) to INVEST in YOURSELF every MONTH …