In Person : Azizi Ali

Last Tuesday, Toyota invited one of Malaysian millionaires Azizi Ali to give talk on money. (apparently, what else he's good at??)

Personally, I get to know this guy when I bought his book, Jutawan Dari Planet Jupiter 4-5 years back (during my 1st employment)
So, when RC (Resource Centre) announced about the session, I signed up immediately. It's FOC, anyway. Plus, I can take a break from work for 2 hours.. hehehe..

My mission, as the matter of fact, is not to be a millionaire. I just wanted to lead a comfortable life, whatever it takes. If needed be, be a millionaire, perhaps.. Who knows... :-)

5 steps as suggested by Azizi Ali (to be a millionaire, or to have a comfortable life.. whichever you like) :-

1- Pay yourself first
Set aside your montly salary at least 10% (more is better) for yourself before cracking your head to pay off all the debts. You work so hard, so why bother Astro, Celcom, Maxis, Banks etc while you are the first who suppose to receive the money. This is what we call SAVINGS.

2- Create Reserve Fund
You also must have 3 times your salary, readily available anytime you need (this to serve for emergency, uncertainties..lose your job included). Again, more will be better. 3 times already too much huh??

3- Buy Insurance
Needless to elaborate. This applicable for life insurance, as well as your properties, if any.

4- Manage Your Debts
Always give priority the debts with highest interest. Most of the time, it's your CREDIT CARD!! The rest, do not default payment. Or else, you name will appear in CTOS etc. This to ensure your name is clean to take up any loan in future.

5- Buy Assets / Investment
It can be property, (Note: Property can be liability, if location & some other factors overlooked), unit trust, stock market etc..but do not fall into scams. Little finance knowledge needed, perhaps.

The moment he finished his talk, I wonder whether I am up to that challenge or not.

Yes, the issue here..we already failed in point 1, what more to act on the rest. My Goodness..
Am I too late?? No, better late than never.

Azizi himself, was broke during his early days!! A pilot by profession, he earned RM2,000++ in 80's (he was 20++years old) and still in debts every month. Until he used this formula..

Nothing is impossible..

So, prioritise your spending.. This Raya could be the milestone, the first few steps before becoming a millionaire..
Insya-Allah..