Monday, May 26, 2008

WHY YOU SHOULDN'T SAVE MONEY

Today the world has change, the way economy runs and the way that people think has also upgraded. Bear in mind that cost of living is getting higher by the day. This means that money is getting smaller by the day.

Did you know that most of the currencies is pegged to the us dollar. While the us dollar is created to loose value. This means that the value of dollar is becoming smaller, if you don't believe it just check out the history of the us dollar. Before us dollar is very strong and has a high value. Now, us dollar is loosing value.

So, any currencies are the same. So why should you save money in the bank???? Let's say you save Rm10,000 this year, what will the value be in the coming years. Today u still can buy a car but how about coming years???

Today your salary would be RM1,500 you still can survive. What happens when mostly all food cost rises??? At that time your salary of RM1,500 would not be enough to support you and your family.

If you are an investor you would now all this, but then not all people realise what is happening all around. This is just to share an opinion which is true....