Monday, September 1, 2008

Earn, Spend, Save and Invest


At a time where the cost of living is becoming higher and higher in most societies perhaps mainly due to the increase in fuel and food prices worldwide, most families who belong to the lower and average income group are struggling daily in trying to maintain a decent standard of living.

While rich people are becoming richer, average and poor people are becoming poorer. Why is the gap between rich and poor people increasing ? Well, I'm sure there are many answers for that.

But one of the main reasons I believe is because most of us lack proper financial education. For example would you agree that it is not how much money we earn every month which counts but how much we really spend and most importantly how much we can save and invest...

Alain Fok

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