Rich
Introduction " Poverty has limited our imagination. " This is a saying that I like a lot. We may have dreamed to be rich, to travel the world, to own a half million bungalow, to own a luxury sport car. However, we may not understand the hidden value to own a land in a virtual world, or the need to buy a 10k luxury watch. The Relativity Reality My colleague and I recently discussed this. While our current salaries place us in the M40 category (middle 40% income group) in Malaysia, there are just as many dreams that we sacrifice for living. Through financial planning , we give up things we love (e.g. the latest gadgets) to prioritize things we value more, like our children's education or a comfortable retirement. Compared to 5 years ago, our salaries have doubled, but so has our standard of living. With a RM 3000 income, a Perodua Myvi and a mid-range Android Phone felt perfectly fine. However, with greater income comes the opportunity to upgrade - a bigger house, a newer c