The Poor and Middle-Class

In most developed and developing countries (including Malaysia), the poor and middle-class are the majority of the population.  They are mostly day-job workers.  It is estimated that 95% of  workers are employees working for the company.  Some people say this group of people are running the rat race, struggling to pay their bills and to climb up the corporate ladder.

CENFIS differentiates the poor and middle-class like this.  Poor people work from hand to mouth, with little to spare.  They are not able to obtain credit because of their low income which normally does not qualify them to pay income tax.  As such, they have no documents to show to the bank if they want to borrow a loan.  The middle-class, on the other hand, are people who are able to obtain credit to buy house, car or other luxuries.  Therefore, on the surface they look better off compared to poor people.  But due to high levels of debt, their stress level also becomes higher and they may face problems that poorer people do not experience.  Many are not able to handle the stress and they have medical issues like hypertension or depression.  

If their financial situation is not improved, it may result in other health problems like stroke or heart attack.  Or even suicide.

CENFIS has gathered together the best minds and the most successful people in the world.  We have studied their biographies, their financial methods and strategies and have condensed them into books.  We hope this wonderful source of advice and tips would be helpful for the poor and middle-class to help them get ahead in life and to achieve financial freedom and success.  We will continue to source for more successful people and secure financial advice from them.

Now, specially for the hardcore poor, the poor and the middle-class who may not be able to pay for good financial advice, CENFIS has given away for free, all of our painstaking research since 1999.  They are currently in the form of e-books and you can easily download them from this blog at another blogpost titled "Free Financial Intellligence."

One of the main reasons why the poor and middle-class cannot get ahead financially is that they either have no one to advice them about money matters or they have bad advisors who are usually family and friends or people that they trust.  Unfortunately, most of these people do not offer good advice about money as they are themselves from the poor and middle-class group.  So, they stay trapped for life in myths about money like "money makes money," "no risk no gain," "investing is risky," or "all it takes to succeed in life is luck."  

At CENFIS, we introduce them to the best money advisors in the world so that they can have a right mindset and information when it comes to money matters.

We wish this group of poor and middle-class people a very Merry Christmas and a Happy New Year with a bright financial future ahead.