Comments on: One “Financial” Matter That You Should Settle Before Using Your Money For Everything Else…. http://www.helmihakim.com/investment/one-financial-matter-that-you-should-settle-before-using-your-money-for-everything-else/ Investment Advice, Financial Planning, Singapore Sun, 11 Mar 2012 05:11:28 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Fadzuli http://www.helmihakim.com/investment/one-financial-matter-that-you-should-settle-before-using-your-money-for-everything-else/comment-page-1/#comment-3869 Fadzuli Thu, 21 May 2009 23:31:34 +0000 http://helmihakim.com/?p=2038#comment-3869 That is why you need to start business young. Not when you have a family which can burden you. Cos tendacies are you will fail for the first few business or years. Its true that 9/10 business fail within the first 5 years. Hence every entrepreneur must also understand why this happens and needs to be prepared for it when it happens. This 12 month savings is actually not new, the prophet Muhammad saw mention this in one of the hadiths too. Stated there, he would leave 12 months of provisions before he leaves his house to trade in other countries. Anyone needs this to fall back on when something happens. Hence its important that we have this. That is why you need to start business young. Not when you have a family which can burden you. Cos tendacies are you will fail for the first few business or years. Its true that 9/10 business fail within the first 5 years. Hence every entrepreneur must also understand why this happens and needs to be prepared for it when it happens.

This 12 month savings is actually not new, the prophet Muhammad saw mention this in one of the hadiths too. Stated there, he would leave 12 months of provisions before he leaves his house to trade in other countries. Anyone needs this to fall back on when something happens. Hence its important that we have this.

]]> By: Helmi Hakim http://www.helmihakim.com/investment/one-financial-matter-that-you-should-settle-before-using-your-money-for-everything-else/comment-page-1/#comment-3846 Helmi Hakim Thu, 09 Apr 2009 15:30:01 +0000 http://helmihakim.com/?p=2038#comment-3846 vijay >>> Exactly Vijay! :) Parents need to EDUCATE their young kids that SAVINGS is a MUST MUST in life. In fact,Maslow Hierachy Needs Theory states that after fulfilling your physiological needs, SAFETY needs came in. Safety needs encompassed job security, shelter, savings accounts, insurance policies, and more. http://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs#Safety_needs vijay >>> Exactly Vijay! :)

Parents need to EDUCATE their young kids that SAVINGS is a MUST MUST in life.

In fact,Maslow Hierachy Needs Theory states that after fulfilling your physiological needs, SAFETY needs came in.

Safety needs encompassed job security, shelter, savings accounts, insurance policies, and more.

http://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs#Safety_needs

]]> By: vijay http://www.helmihakim.com/investment/one-financial-matter-that-you-should-settle-before-using-your-money-for-everything-else/comment-page-1/#comment-3842 vijay Mon, 06 Apr 2009 02:04:02 +0000 http://helmihakim.com/?p=2038#comment-3842 Helmi, Agree with you. First thing for your family would be to clear off the home loan. If anything happens at least your family has a roof, so to speak. I am thinking most people dont bother not only to keep money with them as long as possible but also the feeling the home is not entirely theirs. I believe a HDB flat is a 99 year lease or something. Helmi,
Agree with you. First thing for your family would be to clear off the home loan. If anything happens at least your family has a roof, so to speak.

I am thinking most people dont bother not only to keep money with them as long as possible but also the feeling the home is not entirely theirs. I believe a HDB flat is a 99 year lease or something.

]]>