Stingy? #@$* hidung masin? Kedekut?

There is so many words that can describe situation when a person spending reluctantly. But sometimes, to achieve financial success it necessary if you try to downsizing.

What actually is downsizing?

In my perspective of view. it means either thinking about to cut cost, minimize the expenditure to survive in the future.


Downsizing and substituting means replacing your current properties or lifestyle to a “cheaper” version.

Examples are:



• Your monthly fixed expenditure

If your currently monthly home installment is too expensive, switching to a cheaper home is more practical.

• Your vehicle



If you have two cars, why not sell off one of it or to switch to two modest and affordable vehicles.

• Your lifestyle

No more Starbuck, TGI Fridays or Chillis , watch movies every weekends at cinema or branded stuff. This should save more money over the long term. Do not splurge immediately on expensive equipment but slowly build up your money first to acquire them one by one.


Downsizing and substitution makes it less painful to manage your money. This is preferable to eliminating expenses where you sacrifice and give up something. Rather than total elimination, you find a cheaper alternative that is more budget friendly. Do you think downsizing and substitution would work for you?

The 13 Absolutely Unbreakable Laws of Money by Brian Tracy

I found this on the internet and thought I would share it. I can't find the source for the information but I will tell you that it is written by Brian Tracy.

1. The Law of Abundance: We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition.

2. The Law of Exchange: Money is the medium through which people exchange their labor in the production of goods and services for the goods and services of others.

3. The Law of Capital: Your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

4. The Law of Time Perspective: the most successful people in any society are those who take the longest time period into consideration when making their day-to-day decisions.

5. The Law of Saving: Financial freedom comes to the person who saves ten percent of more of his income throughout his lifetime.

6. The Law of Conservation: It's not how much you make, but how much you keep, that determines your financial future.

7. Parkinson's Law: Expenses always rise to meet income.

8. The Law of Three: There are three legs to the stool of financial freedom: savings, insurance and investment.

9. The Law of Investing: Investigate before you invest.

10. The Law of Compound Interest: You become financially independent by investing your money carefully and allowing it to grow at compound interest.

11. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

12. The Law of Attraction: The more money you save and accumulate, the more money you attract into your life.

13. The Law of Acceleration: The faster you move toward financial freedom, the faster it moves toward you

Kids & Money

One of the best gifts we can give our kids is a solid understanding of the handling of money. Unfortunately, most parents do not talk about money with their kids, leaving the kids to either follow in their parent's footsteps (whether good or bad) or fend for themselves. This can be a recipe for disaster.

So, what's a proactive parent to do? First off, get an education. There is a wealth of resources on the internet that can help parents teach their kids about money. One such site is iVillage's "kids and money" website. They have put together a very nice website, full of articles and information that should be of interest to parents. Another nice website is David McCurrach's Kid'sMoney.org. Parents of older kids will especially like the Kids' Making Money section.

Secondly, parents should help their children come up with their own budget. Understanding and practicing the "live within your means" philosophy can put kids on the highway to financial success. Because the child can see where their money comes from and where it goes, they get a sense that money is very real and very important.

Finally, once the child has come up with a budget, parents should help them set some goals to work towards. Perhaps it's a new bicycle or a Playstation. Let the child decide. Then, figure out how much the goal is going to cost (remember to add sales tax). Write down the amount and decide on how much money the child is going to put towards that goal each pay period. Then, make them stick to it. Fulfilling that goal will show the child the power of goal-setting and hopefully help them start a habit that will last a lifetime.

I urge ALL PARENTS to start teaching their kids proper money management skills. It just might save your child from committing some serious money mistakes

Short Term Goals:

* Ideal Goal: By December 31st, 2010, I should have my first property which is my currently rented medium cost apartment. The market price estimated around RM110, 000.

Medium Term Goals:

* Have at least 2 different sources of income, balanced in different industries to survive good and bad markets.
* This includes cash savings and stock.

Long Term Goals

* I plan to have my own business mainly on sharing-tutoring expertised.

This blog will be dedicated to sharing the knowledges and tips to be a financial genius . Let's see how i can share the information for the readers out there.