Studying Hard vs Financial Planning

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I recently had a conversation with a university friend whom I hadn't met in 25 years. During our conversation, my friend, who has two children, mentioned an intriguing question asked by one of their children: "Why should we study so hard when the government approves a minimum wage starting at RM 1,500 per month?" My friend was stunned by this question, and I couldn't help but smile. Determining Your Future Salary The real question to ask is, "How much will be your last drawn salary if you start with RM 1,500 per month now?" Let's assume you begin working at age 20 and plan to retire at age 60, giving you 40 years of working life. For the sake of simplicity, we'll assume a permanent annual salary increase of 4%. The answer is that your last drawn salary upon retirement at age 60 will be RM 7,201.50 per month! In contrast, considering an article that suggests a fresh graduate's starting salary will be RM 2,500, and assuming a permanent increase of

The longest distance between knowing it and doing it.

We never lack knowledge and information because there are 800 million videos and 37 million channels on YouTube. I am very sure you can find any answer on YouTube except those illegal topics.

Therefore, what is the distance between knowing something and doing it? The length of the distance is measured by the amount of willingness. In short, how badly you want it. The distance does not change according to the amount of desire, but in perspective, it does feel shorter. We might be knowing too much and that knowledge might stop us from doing it. Knowledge becomes a burden in this context. But without knowledge, we are flying blindly into the unknown. The solution is to learn from others' experiences. That is a much smarter way to learn and remember to do it.


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