It is happening in many countries, including Malaysia. Young Malaysians are having a lot of problems getting ahead financially. Instead, they are running into all sorts of problems.
We read in the papers everyday that young people are overspending their money. They get into debt and are unable to pay their loans with the banks. Some even get into bankruptcy at a young age.
Some get scammed by bad people and lose their hard-earned savings.
Some try to start small businesses but lack the skill. Statistics show that more than 65% of new startups fail within the first five years.
Today we want to share some financial intelligence secrets from CENFIS' archives. Lee Ka-shing has been the richest man in Asia for most of the past few decades. His advice is practical and definitely helpful for young people who wish to get ahead in life. However, this advice is only good for young people who are really hungry for success and motivated to achieve something in life. Because success requires a great deal of financial discipline and emotional control. The discipline to control spending, practice delayed gratification to postpone enjoyment to a later date when he is financially stable.
We hope young people will find this article and advice from Li Ka-shing useful.
Happy reading!
https://e27.co/li-ka-shing-teaches-buy-car-house-5-years-20150408/
Article classification: Element 1,3,4 of Financial Intelligence
Financial Intelligence is a registered trade mark belonging to CENFIS
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