The Story of Paying Ourselves First

It all started when they walk past our booth last Sunday during our roadshow session, I approached them and they stopped and listen. They are all Gen Y between the age of 23 to 31 years old and are interested to understand more about our investment and the way it can help them to build wealth for their future.

I encourage them to start by setting aside 10% of their monthly income to invest first before spending. This is called paying themselves first, before paying others.

EVERYONE can be a millionaire through discipline and automatic investment alone. The key is to start early so that our money can grow with the power of compounding a.k.a The Snowball Effect. Over time, our wealth will grow two, three, four-fold, and beyond when we understand and apply this principle early. It’s never too late to start investing.

Yesterday was our 2nd meeting and after fully realised the benefits of our investment, these 4 ladies agreed to kick-start their investment with Public Mutual through monthly investing into a suitable Unit Trust Fund. This method of monthly investment is known as Direct Debit Authorisation (DDA) which they fixed an amount for this investment and it will be transferred automatically from their bank account to the Unit Trust fund account on a fixed date every month. This method save everyone time and trouble while ensuring their investment is done automatically.

We are glad that we added value to these four young Gen Y. As long as they stay within the course, they will definitely reap the fruit of their investment and achieve financial independence.

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