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Feeling dizzy since the early morning so decided to take one day leave from work. Didn't want to just slack in the bed whole day so I am here for this post. Today, let's discuss personal aspect kind of topic. Would you rather spend your hard earned money on self-exploring or save it in the bank? If you're questioned, how would you choose? It bothers me ever since my first day of career. Till now, I do not have a firm answer yet because both has its odds. 

Why do we want savings? It gives a guarantee to our life. Living cost restricts us to a point where we would need to think twice even when we wish to have a better dining environment. We couldn't live without commitments. The fundamental thing you need for work, vehicle. Ok, this may not be an issue if you were born rich or you are blessed to get sponsored by family. What about those young people who newly entered into careers but take full responsibility for their expenses? To them, saving is a tool to continue their livings. In this case, public transportation could be a way but it consumes body energy at the same time. We wanted to grow fast during childhood because back then we did not realize how realistic the society is. Everything links to money. The more you grow, the more money you need. Car loan, self-expenses (exclusive of entertainment), insurance, utilities, contribution in the family, and more. From the first day of working, these commitments have been incurred. Also, there are expenses for pre and post marriage. You would need to have a stable income and sufficient savings to maintain the second phase of your life. It is getting insecure? The burden ain't stop here. You have kids to educate after married. When the year goes by, a retirement plan is up for consideration. It's a cycle. When one phase is done, another will be following the next. Or maybe we save a lot because we want to have a better life after retiring. We are doing the right thing but do we enjoy the entire process? 

Another point of view. We work, meanwhile we add value to our life. To me, traveling is the best way to explore. We are not restricted in a narrow space. We get to experience how other people from different places look upon to their own life. We do make savings. It's driven by individual's goals. Everyone wants a good retirement plan. Before we step into this level, shall we also live our life to the fullest? There are people who start up a business because the passion and interest trigger them. It's nothing about being rich but to showcase the capability. Fear and failure might block your way. Isn't it most of the elderlies tell us that's the situation where we learn and grow? Adding value in our life doesn't mean we spend all the savings. It serves as a motivation to work harder. 

If you were me, how would you comment? 

Comments

  1. Look for the balance point between both options and together we achieve it ☺

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  2. Anonymous9:48:00 AM

    It's possible to break away the cycle. Stop follow the usual way, earn and invest enough and take advantage of compounding interest. Let the passive income to support your living to achieve financial freedom. Read Rich Dad, Poor Dad. Only spend money on assets that generates income. Earn enough to stop working for people and start own business you like.

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