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Thursday, September 20, 2007

Achieving your financial freedom day is not easy but attainable.

If getting rich is easy, I think there will not be any financial problems in the world. The real fact is, to be rich; you must put in more than 100% of your effort. There is nothing in this world that is easy. To achieve is your financial freedom day is not easy but is attainable.

The same goes to students who are pursuing their education, they will need to study extremely hard to excel in their studies. The long study hours and sleepless nights mugging for their exams is the activities or input for them to excel in their exams. To be a millionaire or achieving your financial freedom day, you must put in inputs.

For a student to effectively put in their inputs, they must pay attention to their lectures, complete their tutorials and communicate with their lecturers and friends. Studying extremely hard itself is not enough. In contrast to be a millionaire, your – inputs do not mean that you have to work extra hours, get a part-time job and try to increase your streams of income.

To be a millionaire, you have to start investing your money. Make your money work even harder than you. You need to maximise your income exponentially in order for you to shortcut your millionaire dream. Invest! Invest! Invest!

The above paragraph is so common in any wealth accumulation book that when anyone read this kind of book, they will be motivated and start investing. For an individual who have finance background, they will know what kind of asset to invest, what portfolio to adopt, what are the returns and risk involve, how to invest their money effectively and minimise losses. But what happen to an individual who knows nothing about investment?

Actually, what this books fail to tell you is that you have to learn how the fundamentals of investment. I also know that there are books and guides on how to invest money but these kinds of books will never tell you specifically what kind of asset class to invest.

In order to make your first million effectively, you will need to acquire some financial knowledge. Without due diligence, you can never invest your money effectively and reap big returns.

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