My Finance In Control
Amongst the necessary measures required to ensure I’ll reach my goals of achieving financial freedom is having my finances under control. So beginning first January 2008, I’ve taken to jotting down all my daily expenditures. This is a great exercise since it makes me more aware of where my money goes. By listing down my spendings, I actually end up spending less because I become more cautious of it and buy only what’s necessary.
I read in one finance blog (i think it was millionaire mommy next door’s) that controlling your finances means knowing the difference between what you need and what you desire (but don’t need). I’m happy to say that I’ve started to cultivate good spending habits. I won’t call myself a shopaholic anymore and I’m happy with this accomplishment!
This month, I’ve also started on another finance book - one that I’ve had on my book shelve for quite some time but only had the chance to read the first few chapters last weekend. The book I’m referring to is Robert Kiyosaki (of Rich Dad, Poor Dad fame)’s Retire Young, Retire Rich. This book reveals alot on using the power of leverage to accumulate wealth which I shall elaborate in another post.
Last weekend was a well spent family getaway at my inlaws’ new place in Tanjung Malim. They have a beautiful house nestled amidst the mountain side overlooking a beautiful lake garden. The air is clean and the view is spectacular! I could imagine our own family living there in one of those beautifully designed houses. It’ll definitely be ideal! Me working from home (or not having to work), being close to my loved ones and waking up every morning to a picturesque scenery and healthy living, breathing - fresh country air! It’ll be a dream come true..
Great start to the new year, Rina.
Hope you carry your little black everywhere you go. The little $$, just keep going out and adding up.
I liked RK’s book, especially the first one. The blogging community seems to have voted his books as the worst PF book ever. But, hey, so long as something good is gained, then carry on.
Thanks, fathersez! I didn’t know bout RK getting a bad vote. So far a few have reccomended Rich Dad, Poor Dad which I’ve already read. And yeah.. we should persevere with whatever that works!
Have you tried playing the cashflow game? Pakdi of BicaraJutawan holds them ocassionally at his club house. I’m thinking of joining. Just to get a feel of the game and definitely to learn more on how to manage money better.