worry now or worry later?

where will you be 10 years from now? highly successful businessman? top remisier? world class hedge fund manager? a housewife? engineer, technician or architect? whatever your job may be, you would definitely be doing something to pass your time. however, from now till then, what will you be doing as you carry out your daily activities?

let me present you with some food for thought. how is your marriage going to be like? would you like to live in your dream house or just a simple 3 room flat? would you like to have a child, or a soccer team?

the needs are non-exhaustive. we all want things that we don't have, and yet, when the time comes for us to obtain our needs, we are set back by our budget constraint. the world, is made of money. all green and crumpled. money makes the world go round, and so does our head.

imagine ten years from now, you start to think back to the day when you should've start managing your finances well, instead of splurging on your LV bag or that zara tanktop. and what you have now, is practically nothing. you can't afford your dream house, you can't start a family and you are unable to sustain your desired standard of living.

the above scenario isn't made up. in fact, many singaporeans are facing the problem of having insufficient funds to sustain their standard of living. but wait! how come people still drive luxury cars, go shopping every weekends and dine in expensive restaurants? all this is possible to mr mastercard and mr amex. these 2 baddies put our poor souls in debt, by making it look as if we are in control. think again, it is not you who control the line of credit, but the line of credit controls you.

how do they make it affordable? simple. it is all in the "minimum sum". pay $100 a month for 3 years and you'd probably end up paying $1,000 more than what you purchased for. and well, that $1,000 in the future is definitely worth more today because of inflation.

too much to handle? well it is. the only way to get out of the rat race is to beat the credit demon, and manage your finances well. save for the rainy day even though the rainy day may not come. leverage your funds through investment vehicles to make your money work harder for you. protect your future income against uncertainty or risks. and once you are out of the rat race, you would naturally have a peace of mind for the rest of your life.

worry now or worry later? i say, worry only for today, and do something about it tomorrow so you won't have to worry anymore.