Sunday, 26 June 2011

No Time for Market Myths: Kiyosaki

No Time for Market Myths: Kiyosaki

“Pay Yourself First”

It galls my bladders whenever I hear people say “pay yourself first” instead of just “save”. Not really a market myth, but I’m just annoyed by it. Maybe it’s the economist in me that hates the unnecessary waste of syllables.

As a writer, I am aware of the hypocrisy.

Saving is good, don’t get me wrong. However, it should never be ‘save at all costs’ just as not ‘all debts are bad’. When interest rates are low and inflation is high, savings (especially in bank accounts) makes no sense especially if there are other investment opportunities.

Remember, saving and investing are different things.

For some reason, I was disappointed with Awan Dania. It's probably because I imagined Scha Al-Yahya’s voice to be different.

2 comments:

Mahirah said...

bla bla bla bla money money money bla bla bla bla

empyreal said...

Fine, i'll upload some riot pictures, nak?