Or PJ, or Klang Valley or wherever one plate of nasi kandar can easily cost you RM 8.00 and a cup of Teh-O-Ais-Limau RM 1.50. I have been observing a few of my friends who has this ability to save quite a huge portion of their income and still be able to enjoy their weekends in TGV or treat themselves to a nice meal at a local bar or cafeteria. How can these people do it, when most people usually end up spending all of their monthly salary and their only possible opportunity to save is when someone dropped a RM 50.00 on the pavement or their long anticipated bonus allowances every year.
These ultra-super-savers have these few common features:-
1) They normally don’t own a car, or their car instalment doesn’t burden them at all. Yes, owning a car in Malaysia can be disastrous to your financial balance sheet. An instalment of RM 500.00 a month is easily 25% of a fresh grad that earns RM 2000 monthly. Without a car also means that they take public transport to work, or they car pool.
2) They have this habit of bringing lunch to office. They will cook their dinner at home, and they will cook a little extra for tomorrow’s lunch. Yes, imagine saving RM 5.00 for lunch every working day. Let’s do a rough estimate:-
RM 5.00 x 22 working days = RM 110.00
And if you take dinner into calculation, you save another RM 110.00.
That’s RM 2,640.00 savings a year on meals alone.
3) They live nearby LRT stations, which means there’s not much of a reason to get a car.
And the last one, they are normally females. Let’s face it, a guy needs a car to pick up chicks. Most guy can’t tell the difference between Sawi and Kai Lan. Eating in the office means you can enjoy the “view” during lunch time.
And there’s another possible leakage in guy’s pocket(gals, no offence). Most guy feels that they are obliged to subsidize their significant other’s expenses to a certain extent. Well, I know quite many a couple who go AA, but heck, sometimes the guy just want to show their “gentleman-ness”.
My above observation is based on the working class ranging from 21 years (fresh grads) to 30 years old. It might not be entirely accurate but I hope it might make some of you start wondering where did all your money went at the end of the month or what is it that you did that enable you to save some pile of money regularly every month?
What is it that you do today that makes you richer or poorer than yesterday?
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Can Wealth Last 3 Generations by Ong Eu Jin (Hard Copy)
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