A Personal Finance Blog for Malaysian
Malaysia Personal Finance Blog.
Tuesday, March 29, 2011
What do you do with a Windfall?
In the spring issue of Schwab's On Investing magazine (not a Malaysia magazine), they asked 12,000 of their clients what they would do if they received $25,000 unexpectedly. The results were:
62% - invest the money
29% - save it
24% - pay off debt
14% - spend it
6% - donate money to charity
If I have a RM25,000 windfall, I will spent 1/2, invest 1/2. How about you?
If the windfall is RM1million then I will seriously consider "instant retirement" from day job so i can do something different to earn money.
Kong Hui CHONG
Share to Twitter
Share to Facebook
Share to Pinterest
Post Comments (Atom)
My Blog List
IFCAMSC: Riding The Property Dragon
3 days ago
KCLau's Money Tips
How to Start a Business with Minimum Capital
3 days ago
Philosophy Politics Economics
UMNO Sec-Gen Tengku Adnan Tengku Mansor should learn that while perception problems are often fixable, facts on the other hand, can’t be faked
1 week ago
Journey to Become Financially Independent
How To Play Money Game?
2 months ago
Malaysia Personal Finance
Is that investment scheme legal ?
3 months ago
How To Choose Dental SEO Services That Create An ROI
5 months ago
Malaysia's Financial Blogger | imDavidLee.Com
My New Year’s Resolutions for 2017 (Part 2)
7 months ago
2 years ago