Why is Saving So Important?

Hi! How often do you think about the basic skill of saving money in relation to your overall financial plan?

If your answer is 'not too often' then I would urge you to spend a few moments mulling over the importance you place on saving money. Why?

Well, the longer I work as a licensed financial planner who specialises in retirement funding solutions for 30- to 50-year-old individuals living in Malaysia, the more it seems to me that of all the necessary initiatives that contribute toward achieving financial freedom, saving is the single most important one. (If you'd like to know a little bit about me and my consulting services, you are welcome to check out my bio.)

In fact, I think so highly about the fundamental need for each of us to focus on savings that I actually have a dedicated page on the subject within the Quotation Archive of my FreeCoolArticles.com site.

If you have time, do visit the quotations page on savings and let me know what you think about the thoughts shared by:

John Demartini
Benjamin Franklin
Charlie Munger

and by

me.

As you consider what has been said in the past about savings, you might want to take things further by reading this article and then implementing the lessons you pick up from it.

That's it for today. Have fun!

Bye for now.


Warmest regards,


Rajen

PS. If you want to invest in a digital resource that will help you craft your mission statement so that you will quickly come to understand yourself better, you may buy my Special Report on that subject here.

Rajen Devadason is CEO of RD Book Projects and its sister company RD WealthCreation Sdn Bhd. He lives in sunny, peaceful Malaysia with his gorgeous wife Rachel. He's a Malaysian Securities Commission-licensed financial planner, a life planning consultant, a professional speaker and a serial author... which probably explains why he's so exhausted! Some of his books are available here, and, if you're interested, here are some quotations he reckons are accurate, bold or cool.

When Money is a Curse - The Tale of a Sad Rich Guy!

Hi! I just came across the sad, true story of one Jack Whittaker while carrying out some online research on money dynamics.

I believe you'll find his story of winning an almost unbelievable amount of money and then having his life fall apart in numerous ways very, very revealing.

Before you read about him, let me just set the stage by saying that in my opinion playing the lottery is unwise. And I believe that to be true whether you lose or win!

Anyone capable of working out the probabilities involved in any gambling option will quickly come to the conclusion that the 'house' always wins... eventually. This, therefore, means most gamblers end up losing money. But Jack Whitaker's story provides a cautionary tale for those rare individuals who do occasionally win BIG.

Having lots of money and having the ability to live well with oodles of cash don't always go hand in hand. Your goal shouldn't just be to grow rich (or possibly richer) monetarily; it should encompass growing richer as a person so that your life is one marked by joyful significance.

That higher, better enrichment goal includes gradually learning how to deal calmly and sanely with incrementally larger sums of money.

After you read this CNN report on Whittaker, you may want to subsequently read my own articles on saving money, managing time, setting goals, investing intelligently or conquering credit card debt. Help yourself to my stuff and take care.

Bye for now.


Warmest regards,


Rajen

PS. If you want to invest in a digital resource that will help you craft your mission statement so that you will quickly come to understand yourself better, you may buy my Special Report on that subject here.

Rajen Devadason is CEO of RD Book Projects and its sister company RD WealthCreation Sdn Bhd. He lives in sunny, peaceful Malaysia with his gorgeous wife Rachel. He's a Malaysian Securities Commission-licensed financial planner, a life planning consultant, a professional speaker and a serial author... which probably explains why he's so exhausted! Some of his books are available here, and, if you're interested, here are some quotations he reckons are accurate, bold or cool.