Kevin's Chin Journey to Financial Freedom
Tuesday, February 28, 2012
Week 1 to financial freedom since Feb 2012
So, This is the year of the Dragon 2012 and I am now 35, almost 36 so why am I here? What do I want to do with my life? Questions I like answers to and only I can only answer them myself. So , I am starting a little slow but it is the hardest part to start, then also a challenge to stick to what I start to the end. This is going to an interesting journey. So I ask my sister about financial freedom and she suggested I read this book. Rich Dad.
So I have been reading this book for a week. It has been inspiring to say the least. I am reading it on my iPad and almost finish. I like to share in this blog my journey to financial freedom.
Most important I read from the book is understanding asset and liability.
To change the wordings in our life " How can I afford this "
Also to change the view of " Grow Asset to generate cash flow then reward ourselves luxury later"
Knowing what is investment, knowing balance sheet, knowing wealth.
Wealth = how many days will I survived with the money I have if I stop working tomorrow.
My goal = at the moment probably be nice 5 years? and if I lived to 50 , then I need money to
last me 15 years. Also include inflation, increase pricing of fuel, food, rent, insurance and so on
which will double every 5 to 10 years. Always good to start thinking.. if I live to 60,70,80,90,100?
Then think of how much money do I need to support myself, friends? family?
Important thing is thinking and acting. We first gotta take care of ourselves before we can help others.
Learning from St John Ambulance as a volunteer. First to care and always safety first. Also I can use those to first care for myself and make sure I am safe, this also apply not just physical, also financially be safe.
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