Save Your Money As Early As Possible…

Sat, Feb 2, 2008

Investment, Miscellaneous

These few days, I have young couples coming to me seeking financial advice to grow their money at an investment horizon of 1 year.

My heart goes…”huh! xqyety?”.

I asked them… “Why, save only for 1 year?”

Why not 5 years?

7 years?

11 years?

20 years?

Why 1 year….only….?

They looked back at me, with the tint of sympathy and a ray of hope, “We are going to get married soon. We need the money for our marriage which is coming in 9 months time”.

We need to accumulate and grow our money FAST!”

With care and concern, I answered, “I am really sorry. I have no recommendations for you. With such a short time period,you have to save in the bank. I am so so sorry for you. ๐Ÿ™ ”

They are shocked by my frankness.

With heavy legs, they left me, still thinking deeply, hopeful for aura of opportunity to come for them to accumulate and grow their money fast.

I am glad also that I have managed to convince a few others, young chaps like me, to start to save early.

Let me give you myself as an example.

I am 22 years old now.

Planning to get married at age 28 years old.

I can do 2 things.

1) Start to save now.

2) Start to save later.

In order for me to maximise my savings, and enjoy compounding returns, I have to start now.

Now I save $10/day, $300 a month.

By age 28, I can channel this money for my marriage.

I am telling you because a lot of people are also in my shoes.

You want to save for marriage.

You want to save for that new car.

You want to save for your child’s education.

You want to save for your HDB house.

You want to save for your retirement.

Whatever your objectives for you to save, 1 thing remains clear.

You have to start early.

You MUST start early!

I have shared with hundreds and hundreds of my clients, the opportunity costs involved for starting later.

You dont have to start much.

Yet you have to start early.

You have to start somewhere.

There are really lots of ways to save.

….and one way, is to engage financial associates like us, to advice you on financial vehicles that can maximise your savings potential and at the same time, meet your savings objectives.

Do give me a call if you will like to learn more. ๐Ÿ™‚

Helmi Hakim
HP No: 96520134

 

p.s. By the way, if you wish to discoverย a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE,ย then please click hereโ€ฆ

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- who has written 419 posts on The Official Helmi Hakim Website.

A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients’ financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.


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2 Responses to “Save Your Money As Early As Possible…”

  1. Ratin Saleha Says:

    Helmi, i too feel sad when you cant help the young couple… me am planning to be engage in 2 yrs tyme… haix… n yes am having problem of saving…

    hmmm… but you are right, we should plan early…

  2. Helmi Hakim Says:

    Ratin Saleha >>> I always tell my client this.

    You have 2 choices in life.

    1) Start to save now

    2) Start to save later

    When you save later, there will be lots of opportunity costs involved.

    The “cost of waiting” is simply ridiculous.

    Its better to start earlier than never ๐Ÿ™‚


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