Showing posts with label investment. Show all posts
Showing posts with label investment. Show all posts

The Review

If you on a plan and targets, set your own periodic reviews. Every 6 months or yearly.

In my simplified plan, I review it yearly while ensuring I stick to the plan on the monthly basis.

Review will give you a snapshot at that particular timeframe. Again, this will serve as a guiding path towards your final goal.

After a while doing this review, fine tuning is easy and you will find it comes naturally.

Whether you believe you can, or whether you believe you can't, you're absolutely right. --Henry Ford

Gotta to have fund

Every thing else that you want falls under this category. A car, household electrical, electronic items, etc.

Exception is for the house as this falls under necessity.

I took the approach of running a company for these items. They have a lifetime and the funds readiness is directly tied to their useful lifetime. This is because I want an easy life. It is not worth it to clutter your life with problems created by these items.

Eg. A refrigerator in my home should run without any problem for 7 straight years. After the equipment hit its lifetime, I will consider to change it for a new one well before it create any problem. The item works for me instead of creating a problem for me. Easy life....