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Thursday, February 23, 2006

Financial Freedom

A friend of mine once told me his definition of financial freedom. According to him he will achieve financial freedom if he has no second thought in making purchasing decision, that is he'll buy what he likes whenever he feels like it. Sounds good?

Another friend told me that I can never achieve financial freedom if I continue to makan gaji. "Only those who work for themselves" can be rich and successful. This idea is shared by the Chinese and also the Indians in India (not Malaysia). They feel so proud working for family business even though they just an accounts clerk or a general worker. As my Indian boss remarked, "to them working of others are like being the slave"

My former boss once told me about the benchmark for your current salary. Very interesting. He said one should receive at least RM1,000 for each year you spent in an organization. For e.g. if you have worked for 5 years, you should be earning RM5,000. If your currently salary doesn't match your years of experience you should be looking for greener pastures. I literally took his advise, that's why I left my former co. after spending 8 years there.

So have I matched the benchmark after working for 9 years? ....getting there.

Signing off at 9.45 p.m.


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