I'm gonna take a break from the arson attack issue of the Malaysian churches in this posting. You know, there's bunch of people mentioning about it already, be it in mass media or every day coffee-stall talk - without knowing of course, who's really behind the scene. Who knows, right now at this moment, a wacko-doodle who wishes for Malaysia's downfall through racial tension and disunity somewhere, might be planning for the next strike! And us? Still left behind with our itchy hands playing the finger-pointing game. What a sad ending that is should it become a movie.
Anyway, talking about coffee, lately I've just finished reading Start Over, Finish Rich by David Bach - a book which is timely to be read during this financial crisis, mind you avid readers, your eyes wouldn't blink as they go between the lines.
(FYI, I don't take coffee)
In the book, Dave coined a term called 'The Latte Factor' which is an euphemistic label for all that extra money we spend daily on non-essentials such as candies, cigarrettes, soda etc. for Malaysians - 'air warna', latte, 'roti canai' and yes, Kosmo. Dave make it even surprising when he said that those inordinate amount of money people waste on not-very-important daily basis when saved, can actually make us millionaires!
At first, I was quite skeptical though but hey here's a quick check on how it may work.
1. Identify your every day must have favorite which falls into the category of non-essentials (you will not die when you abstain it kind of stuff). In the US it is cafe latte but here in Malaysia, let's just assume our 'air warna' which cost you say 80 cents per cup.
2. Now, let's say your habit was to have at least 3 cups of 'air warna' a day (morning breakfast, lunch, evening tea-break, assuming during office hours)
3. 0.80 cents multiply by 3 will eventually cost you RM2.40 per day.
4. Now, RM2.40 x 7 days a week equals to RM16.80 per week. Meaning, you spent RM67.20 a month and worse comes to worse RM806.40 per year on just 'air warna'! Not to mention stuff like cigarettes, sweets, 'roti canai' and yes again, Kosmo.
5. On average, Malaysians spent at least RM2000++ each year on non-essentials as long as the Latte Factor is concerned. You believe it? Do your Maths.
6. I personally think that if we can sort of minimize these habits and know your Latte Factor, I'm convinced that anybody can invest their precious RM2K into somewhere else profitable - and it's as easy as to cut-off our unnecessary daily basis. Need not for plundering or sweat toiling whatsoever.
7. So, imagine investing RM2K a year. 10 years? 20 years? 30 years? That's how it makes a different translated into today's economy performance.
It starts with discipline and the way you name your 'Latte Factor'. This excerpt concludes it all;
Anyway, talking about coffee, lately I've just finished reading Start Over, Finish Rich by David Bach - a book which is timely to be read during this financial crisis, mind you avid readers, your eyes wouldn't blink as they go between the lines.
(FYI, I don't take coffee)In the book, Dave coined a term called 'The Latte Factor' which is an euphemistic label for all that extra money we spend daily on non-essentials such as candies, cigarrettes, soda etc. for Malaysians - 'air warna', latte, 'roti canai' and yes, Kosmo. Dave make it even surprising when he said that those inordinate amount of money people waste on not-very-important daily basis when saved, can actually make us millionaires!
At first, I was quite skeptical though but hey here's a quick check on how it may work.
1. Identify your every day must have favorite which falls into the category of non-essentials (you will not die when you abstain it kind of stuff). In the US it is cafe latte but here in Malaysia, let's just assume our 'air warna' which cost you say 80 cents per cup.
2. Now, let's say your habit was to have at least 3 cups of 'air warna' a day (morning breakfast, lunch, evening tea-break, assuming during office hours)
3. 0.80 cents multiply by 3 will eventually cost you RM2.40 per day.
4. Now, RM2.40 x 7 days a week equals to RM16.80 per week. Meaning, you spent RM67.20 a month and worse comes to worse RM806.40 per year on just 'air warna'! Not to mention stuff like cigarettes, sweets, 'roti canai' and yes again, Kosmo.
5. On average, Malaysians spent at least RM2000++ each year on non-essentials as long as the Latte Factor is concerned. You believe it? Do your Maths.
6. I personally think that if we can sort of minimize these habits and know your Latte Factor, I'm convinced that anybody can invest their precious RM2K into somewhere else profitable - and it's as easy as to cut-off our unnecessary daily basis. Need not for plundering or sweat toiling whatsoever.
7. So, imagine investing RM2K a year. 10 years? 20 years? 30 years? That's how it makes a different translated into today's economy performance.
It starts with discipline and the way you name your 'Latte Factor'. This excerpt concludes it all;
"A latte spurned is a fortune earned!"
- People Magazine -
- People Magazine -
Till the next postings.
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