Thursday, April 3, 2008

Food not enough? Money not enough?

Refering to this news (http://www.btimes.com.my/Current_News/BTIMES/Monday/BizFocus/AGFA.xml/Article/), you might be one of the "victims" mentioned in this article. In fact, we are and everyone is the victim. As long as you are living in this world, you are a victim. The difference lies between if you dare to challenge this and move yourself away not becoming victim anymore.

Every year, price of goods will increase. Every year, inflation will be there. Every year, your salary increment will not be as good as the increment of price of goods, inflation etc.

Do you know why? This is because our living expenses increase every year. We want better house to live in, we want better car to drive with, we want better life to enjoy with etc. In order to do so, we need multiple streams of income also.

Check out the spreadsheet that I've created for you to trace your income vs expenses between two years here (http://www.scribd.com/doc/962777/Personal-Income-Statement-and-Balance-Sheet).

If currently you only have single source of income, you might be surprised to learn that how low is your salary increment. Although your salary is consider "high", but probably it is still not as "high" as it is needed to combat with inflation and increased lifestyle.

Post your comment here so that we can share with others.

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