Wednesday, June 17, 2009

Retire Rich


1. I think Azizi Ali did a great job explaining about retiring in this book. It gave me a better insight on how retiring life will be.

2. In one of its chapters, he explained how to come up with the amount of money to fund your own retirement based on financial planning concept. The only problem for a layman is to come up with the numbers. Unless you have a financial calculator and know how to use it, this chapter can be some how tricky for a normal person. Come and see me if you want. I'll calculate the numbers for you.

3. I think its a must read especially for ladies. Normally, guys are the one concerned with having enough money for retirement. One of its chapters emphasize on why women should be more concerned rather than living this stuff to the guys/husband. If you still think so, you are just inviting disaster to happen.

4. After reading this book, it changed my view about retirement and it makes me wonder whether should I work while I'm still capable to do so rather than retire when I reach certain age. Of course I need to love what I'm doing then.

5. This book give a good sight on what you should be doing if you are not well prepared for retirement regardless of whether you are still young or nearing the retirement age.

6. It lays some basic concept in managing your finance in order to meet the required amount of retirement fund. Of course the key word here will be DISCIPLINE!

7. I do recommend this book to all because we will eventually retire one day. How well we prepare for it will determine what kind of lifestyle we will live during our old days. Does not matter if you are a government servant and opted for pension scheme. It's best if you too start planning for retirement. Your pension will not be enough.

8. The 8th wonders of the world is COMPOUNDING EFFECT. In order to maximize the effect of compounding on your investment, you should start investing at early stage. As time will be on your side, you will not have to save like crazy in order to meet your objectives. So start today, but educate yourself first!

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