Tuesday, June 12, 2007

Savings...

Lately everything also more and more.

More and more people on the streets, more and more cars on the road, everything more and more expensive and to make the best out of it, people are looking for means to make more and more $$..

Which is very beneficial. For the country this means more tax income, more sales for cars-maker, and more business for everyone.

But for the individual, I start to sense the frustration. Trains and buses during peak hours are cramped to the max, every other car owners are on the waiting list just to find a space to park their car. One even has to queue for ages just to find seats during lunch before you start joining the queues to buy food.

And what happen when demand for things is high? Prices will naturally go up.

So now you earn more to pay for more.

Which makes it the best opportunity to start saving while one can still earn as much before the next downturn comes crawling in. As history has shown, what goes up will eventually comes down.

And surely one would still remember the horror stories of the downtime. Bankrupts, houses confiscated by bank, lives changed overnight.

For myself, I'm sad to say I don't really have much(if any) savings despite working for the past 7 years. Which is really pathetic.

And so my new objective for this month would be to start a regular savings account and place in 20% of my salary. Late start but better than never start...

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