Last month, my 30s friend caught in a snatch thief situation. It was a mishaps turned into stressful situation. Despite having dual professional income with no kids ( Estimated household income RM10,000) , she couldn’t fork out a hundred ringgit to replace her cards. That’s USD25.
One thing I notice is they buy a lot of little inexpensive things. Tons of them.
My income couldn’t beat the combine income of both of them, and I generally like fine things in life. But I have less financial worries because I don’t buy the little things. I been there before but I got out of it fast. My beloved mother, on the other hand, still doing it. Ouch.
My income also couldn’t beat my better paying 30s friends with the same taste in life. But we are comparable in terms of finance because I live with the minimal while they play the game call fashion show. My favorite Nike t-shirt is with me for 7 years and still counting.
In our 10’s and 20s, we are all exploring. But you always know where someone is heading at their 30s. Do you want to be financially vulnerable or start building passive income when you are in the 30s?
The easiest way to riches for the educated is not inheritance or a jackpot. It’s having the vision and determination to build wealth as early as possible. One the formula is stopping irrelevant spending. Spending habits in what stands between us and financial freedom. The right attitude will bring you far.
I came from the haves-not family. My determination to save came early. My vision came a bit later. Life have its way of making things right when you start things right. In 2 years’ time, I will hit my 30s. I want to have a quarter mil in cash and maybe a small space (650sq ft). It is not a fancy success story and every average person could get there.
What will be yours?