BUT the process of owning one is NOT AN EASY TASK
keywords:-
- lots of delayed gratification
- savings
- frugal living
- over time
- part time job
House Prices is NOT CHEAP NOWADAYS
EVEN with RM100,000 downpayment for a RM400,000 semi-Detached house in Selangor will make us toil our precious sweats out for 2 decades or 3 decades
the difference is as follows:
OPS even after paying 2 decades or 3 decades, at term, we still owes bank RM169 ,000 and RM 243,000.
Whereas in FIXED DEPOSIT bank pays us around 3.7% maximum for p.a.
Isnt it compounded interest is the most powerful force in the universe? Attracting everybody's money to the bank.
Thats how the banks make monies right. They are not charity centres.
Therefore, financial planning is of utmost importance as a working adult.
reference:-
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