Imtiyaz

We begin this New Year with dampened enthusiasm and dented optimism. Our happiness is diluted and our peace is threatened by the financial illness that has infected our families, organizations and nations. Everyone
is desperate to find a remedy that will cure their financial illness and help them recover their financial health. They expect the financial experts to provide them with remedies, forgetting the fact that it is these experts
who created this financial mess.

Every new year, I adopt a couple of old maxims as my beacon to guide my future. This self-prescribed therapy has ensured that with each passing year, I grow wiser and not older. This year, I invite you to tap into the
financial wisdom of our elders along with me, and become financially wiser.
* Hard work: All hard work bring a profit, but mere talk leads only to poverty.

* Laziness: A sleeping lobster is carried away by the water current.

* Earnings: Never depend on a single source of income. [ At least make your Investments get you second earning ]

* Spending: If you buy things you don't need, you'll soon sell things you need.

* Savings: Don't save what is left after spending; Spend what is left after saving.

* Borrowings: The borrower becomes the lender's slave.

* Accounting: It's no use carrying an umbrella, if your shoes are leaking..

* Auditing: Beware of little expenses; A small leak can sink a large ship.

* Risk-taking: Never test the depth of the river with both feet. [ Have an alternate plan ready ]
* Investment: Don't put all your eggs in one basket.
I'm certain that those who have already been practicing these principles remain financially healthy. I'm equally
confident that those who resolve to start practicing these principles will quickly regain their financial health. Let us become wiser and lead a happy, healthy, prosperous and peaceful life.

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I got this email from fren. Am not sure whether is really coming from Warren Buffet. Despite is not from him , still is a good advise to apply ( at least read!)

How many of us feel the impact from the recent recession ? Gov servant vs Private workforce. I believe private sector will have the anxiety much much more than gov people. (Am I writing an outdated news?? )

I’m neither a financial consultant nor good in financial management but as a person who works in private sector, I can't deny the situation/concern /preparation that have been lingering in me . With flying email/news/rumours that attacking my inbox awaken me I’ve no tips to share as I’m crawling to learn ( struggling to execute cost saving exercise in my organization and in my personal life) but what ever said by Warren Buffets above is more than tips . Tips/advise either comes from me,Warren Buffets, Financial planer or anybody is just a tips if no reaction /effort

A say in Arab

“Al ilmu billa ‘amal, kassyajar billa thamar”

Ilmu tanpa amal laksana pohon yang tak berbuah

Renung –renungkan ( Pinjam Prof Izzi )

U can learn about financial management in MommyFinance.com. Get it one !!

Note : only yesterday my boss updated us that there will be no 13th month bonus this year..huhuhu..unless business is good management will re-consider to pay..But recently our business suddenly receive a demand due to one of market player pull back their Tera Byte product, so we grab the market... betoi ka..?? Anyway I think all of us in the company is prepared for any decision from management regarding $$$. Still have job is good enough

Ummu Imtiyaz
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