When I was young, I made good income because I am hardworking.
An insurance agent approached me for a Regular Saving Scheme of RM500 per month, I have almost sign up but... I thought I will be better of investing the money somewhere for better return (ROI).
10 years down the road, I don't see where is my "money" because
1. ROI is negative
2. No regular saving
3. Money spent on Wants (lifestyle, renovation and holiday trips)
If I have follow the plan for a 5% CAGR, I should have a fund of RM79,240.72 (RM500 x 12 x 10 + investment return of RM19,240.72) Wow, such a big sum by just 10 years x RM500 at 5% CAGR only.
Will I wait for another 10 years to start a saving plan? No. I will not.
Why disparage the US DOJ's US$1.7 billion asset seizure suit if Dato’ Seri Abdul Rahman Dahlan is not prepared to categorically deny on behalf of Dato’ Seri Najib Razak and Datin Seri Rosmah Mansor that they have received US$732 million in cash and a US$27.3 million pink diamond pendant respectively?
5 hours ago