I am a millionaire in other part other world. I have everything that the average have. Namely, I own a company, I do have monthly hard earn salary and I am a blogger. Apart from that I do run some of other small business. I also have cars Just like the other average person.
What make me claim that I almost become a millionaire. I have some extra thing that is more from the average person. The thing is I AM NOW 500K poorer than the average. If only I utilised this 500K to continuously grow my wealth I SHOULD HAVE BEEN A MILLIONAIRE.
What had I done wrong? Until this moment I can't even dream of having $100.00 extra in my pocket. All my hard earn for years is now square back to $0.00. BINGO I am almost Bankrupt.
I never dream of this. I realised I make mistake. To greedy to make money and grow my wealth. I know that I had make bad decision in my life. But things already happened. How do I got stuck with $500K debt.
SEE IT HERE
1. I need A house to stay
2. I need A cars to make sure that I can easily move around.
3. I need a Phone to communicate.
4. I need life insurance to protect my family.
5. I need to support my parent.
6. I need to send my kids to school.
7. I need to pay for medical expenses.
8. I need to pay for my utilities bills, groceries and fuel to keep me moving.
from the list, I know that I can't meet my monthly expenses. First thing that I done is I take credit card to cover some of my expenses. Then my credit cards outstanding balance accumulate even faster from my hard earn salary. Up to a point that I hardly pay even the minimum amount stated on my credit cards bill.
The next step I took was I take Personal loan. Thinking that the interest that I need to pay is lower than Credit card. By this time I have to service the monthly instalment of this personal loan. But I still hardly meet my monthly expenses. So I use back my credit card and I start to accumulate. I was offered to become one of the director for a company. I was very happy. Knowing that for sure I will get my pay raise. But as time pass by I found out that I need to spend even more to perform a task of director. The pay raise that I received cannot even cover my previous expenses.
So I start thinking that, Why not I borrow some more money, but this time I will split this money to cover on my expenses and another portion of the money is to start a small business. Surely I did. But the Financial aid that i got deplete faster than the growth of my business. My business does not run well. My net profit margin is only 1%-2% far below the personal loan interest rate which is 11.5%. I am exhausted. My financial in deep S**t.!!!!. That is why I can't even dream to become a millionaire. I have to pay all of the debt that i have incurred.
FOR ALL OF THOSE OUT THERE, WHO HAVE NOT REACH THAT POINT OF LIFE, PLEASE READ THIS STORY. THE LESSON IS ALWAYS LIVE YOUR LIFE WITHIN YOU FINANCIAL MEAN. SEE THE LIST ABOVE AND DIFFERENTIATE BETWEEN YOUR "COMPULSORY NEED" AND "FOR LEISURE NEED" . IF THERE IS EXTRA SAVE AND INVEST TO GROW YOUR WEALTH.
What make me claim that I almost become a millionaire. I have some extra thing that is more from the average person. The thing is I AM NOW 500K poorer than the average. If only I utilised this 500K to continuously grow my wealth I SHOULD HAVE BEEN A MILLIONAIRE.
What had I done wrong? Until this moment I can't even dream of having $100.00 extra in my pocket. All my hard earn for years is now square back to $0.00. BINGO I am almost Bankrupt.
I never dream of this. I realised I make mistake. To greedy to make money and grow my wealth. I know that I had make bad decision in my life. But things already happened. How do I got stuck with $500K debt.
SEE IT HERE
1. I need A house to stay
2. I need A cars to make sure that I can easily move around.
3. I need a Phone to communicate.
4. I need life insurance to protect my family.
5. I need to support my parent.
6. I need to send my kids to school.
7. I need to pay for medical expenses.
8. I need to pay for my utilities bills, groceries and fuel to keep me moving.
from the list, I know that I can't meet my monthly expenses. First thing that I done is I take credit card to cover some of my expenses. Then my credit cards outstanding balance accumulate even faster from my hard earn salary. Up to a point that I hardly pay even the minimum amount stated on my credit cards bill.
The next step I took was I take Personal loan. Thinking that the interest that I need to pay is lower than Credit card. By this time I have to service the monthly instalment of this personal loan. But I still hardly meet my monthly expenses. So I use back my credit card and I start to accumulate. I was offered to become one of the director for a company. I was very happy. Knowing that for sure I will get my pay raise. But as time pass by I found out that I need to spend even more to perform a task of director. The pay raise that I received cannot even cover my previous expenses.
So I start thinking that, Why not I borrow some more money, but this time I will split this money to cover on my expenses and another portion of the money is to start a small business. Surely I did. But the Financial aid that i got deplete faster than the growth of my business. My business does not run well. My net profit margin is only 1%-2% far below the personal loan interest rate which is 11.5%. I am exhausted. My financial in deep S**t.!!!!. That is why I can't even dream to become a millionaire. I have to pay all of the debt that i have incurred.
FOR ALL OF THOSE OUT THERE, WHO HAVE NOT REACH THAT POINT OF LIFE, PLEASE READ THIS STORY. THE LESSON IS ALWAYS LIVE YOUR LIFE WITHIN YOU FINANCIAL MEAN. SEE THE LIST ABOVE AND DIFFERENTIATE BETWEEN YOUR "COMPULSORY NEED" AND "FOR LEISURE NEED" . IF THERE IS EXTRA SAVE AND INVEST TO GROW YOUR WEALTH.
