Is it too late for saving

Is it too late for saving???

Actually lots of people nowadays have this question in mind...

Am I too late in saving???

Due to current economic conditions, lots of people have no much savings.

Standard of living had increased so much, with the current earnings, it is enough for the people to go through normal life...

With the current earning also, some having hard time to own a house, a car...

With some saving, most people will buy 1^st car with loan in hand, 2^nd house with loan in hand, 3^rd get married with some parent supports, 4^th having kids...

With these 4 main things done, most people already been the labour of the bank as the loan for house and cars still on-going. Moreover kids to support.

With kids also, education now is not as cheap as last time. Always heard government said education is free, but not really. Still need to buy work books, revision books, school uniform, shoes, extra bills in school and many more. When they get older, more and more to spend and planning need for the kids when they want to further their studies...

But bare in mind, it is never too late for us for saving...

1^st of all, we need to set a target. How much we want, but this target must be realistic. Don’t think of saving 1 millions with a salary less than 10k except you have a good investment done.

2^nd have a plan. What you want to do in your retirement times. What investment you want to make after saving some money to multiply it or grow money with the money in hand.

3^rd get rid of your bad debts. Plan to get rid of the bad debt can help you a lot where you will have less worry in days to come (example: credit cards debt with high interest rate).

4^th make some good investment in good stocks. Some stocks giving good dividend can think f it. Normally the good stocks won’t have big dropped or fluctuate in the price where the investors will loss the initial investment. So get an eye on it.

5^th don’t think start small will not success. This is because everything also start with small portion, when we had built up a small mountain, it is time to get a big mountain with the small one. Earn money with money.

So, don’t give up. No matter how old are we, we still can make the saving and plan for our future.