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Speak to My Finger
Books
Books I have completed reading since January 2021:

1. The Enchanted - Rene Denfield
Moo Moo (la)
Friday, May 1, 2009
Try deciphering the title.

Anyways, just want to share that there are three ways to grow rich. There are via

1) properties
2) investment
3) business

Simple isn't it? But I don't know why many people are not into one of those categories at all.

It reminded me of my former client asking me this question: Why the investment banks like your unit trust only gives me 10% returns? Where the hell did the 90% went?

Another shocking reply from my friend was: I want to grow rich slowly. So I'm happy with the bank's fixed deposit at 3% (which is now below 3). My reply was where are you going to get the other 4% to have money on par with inflation rate? I'm not talking about luxuries, I'm just talking about having enough money to eat in near future. If you were to have 2 kids, would 3% sufficient to cover your retirement savings, education fees, medical bills, and your hobbies? Possible and feasible. The annual income of husband and wife has to be RM100 000 and above per person. And please don't tell me retirement is all about waiting to die. I know some people are. Trust me 'coz someone close to me fits my description.

I was talking to some friends about investment and they were telling me that they would like to do business too. Good! Coz business is one of the ways to become rich. So I asked them if they go into shares and they said no. Ok. Next is what about unit trust? And they said no. So where do you invest to get more returns? Gold? No. It's in savings accounts. Why not any investment? The replied was I am not a risk taker. But business is about risk, isn't it?

I just want to get this off my chest. I have so many more things to share which some I can't even share on the blog.

6 Comments.


Grow rich slowly using FD? Haha! That must be a joke! Cos we are losing money in FD as time passes!

People who say they are not willing to take risk cannot start a business at all. It's better they stick to their job : )
» foongpc (60.53.251.239) on 2009-05-01 09:07:24

Well this probably means they aren't really serious about what they said. :p
» JL (120.141.59.45) on 2009-05-02 02:12:38

gold price drop significantly, lucky he didn`t buy lol


» kevinlmw (118.100.42.17) on 2009-05-03 07:54:37

get rich with blogs... lol...
» Ichiro (121.96.235.182) on 2009-05-03 12:29:06

how about 'skim cepata kaya'? ahah..all bullshit la...but you can only start to think of investment when you have got extra to spend. that is what i think.
» sdovelly (58.26.3.66) on 2009-05-03 08:30:22

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» Raymond (222.77.14.55) on 2010-09-01 01:15:32

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