“Invest” In The Cell Phone?

To be frank, there are still quarter of millennial still using their flip-flop cell phone*if you know what is a flip flop cell phone. Even though there are still many people out there care a lot the new iPhone 6/ 6 plus, upgrading their old iPhone 5/5s (frankly, it’s not OLD cell phone yet) compared to those millennial who still using their flip-flop or slide phones.

Honestly, the old generations’ cell phones seem to be more durable a.k.a. tougher than the touchscreen cell phones. Add on here that the flip-flop dropped on the floor more than three times, more than one floor is still functioning. (BIG applause!)

Other than that, they said they can save a lot of money as they are using the old cell phone that disable them to go online and they don’t have to pay for data! Some more they can attach to the world a.k.a the people around them but not attached to the internet and social media. Plus, why we need to spend couple hundreds on this thing and can’t get our eyes off, hands off it huh.

So, why need to “invest” on the gadgets while we can bond with the people around us?

Here’s a gag from the #9gag cell phone is the new prison, so don’t get trapped in it.

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

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Reference:

time.com/3318573/flip-phones-millennials-iphone6/

First Step: Invest in Bank

As a fresh graduate, our first bank account would be the free account opened for first job? Then you only visit one bank, login information and one password. But once you are stepped into the real world, one bank account will not be enough as your financial plans have change, so you will need more and more banks account to deal with your financial life.

To be frank, keeping all your money in the same account, when you are checking account balance and there are four or five figures that make you feel richness and the temptation to spend.

Find a better rate, do some research first on a few banks, then transit your savings to become Fixed Deposit (FD) so that the money can earn a little bit from the interest as passive income. Even if you did not put your savings into FD, then all the interest is lost even though it may only earn a few hundreds.

And don’t simply open accounts for any bank, figure out how much you will have to pay in terms of fees and other charges. Somehow, the bank might charge you more than you earn from savings. Remember to think twice before you make a move as switching bank or closing account might be very troublesome.

So, spreading all your money into different banks are kind of security. As in most of Malaysia’s bank is secure and protected under the Perbadanan Insurans Deposit Malaysia (PIDM) membership scheme.  So, just make sure the bank you are keeping your savings is a member of PIDM. Do more research first in order to know whether your bank/s is under the protection of PIDM,.

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

Like our Facebook fan page to be updated on the latest news on our events.

Reference:

http://lifehacker.com/one-bank-or-many-where-should-i-keep-my-accounts-1206824353