Guys, I have been wondering what you will do if someone gives you RM10,000 today? If this RM10,000 is a windfall, what will you do with it? Let me start and I would like you to share your thoughts here.
In this current economy situation, I think I will save the RM10,000. Why? It will surely boost my savings. At a yearly return of 4%, RM10,000 will become RM18,000 in 15 years! Not much but it surely helps. I could use this for my daughter's education plan in the National Education Savings Scheme (SSPN). Savings of up to RM3,000 in SSPN are also tax-exempted and deposits are guaranteed by the government.
Now I wanna know about your RM10,000. What will you do?
saving in ASB and use for my wedding
derma rm5k
lg rm5k blanja/ simpan
Great thoughts Rosydi and Syed. May Allah Bless us all, insyaAllah.
to me, it’s better to do a budget..how many % allocated to expand my current business, how many % to allocate to new business, and remaining % for savings as a back up in case something bad happen.
buy share Bank Persatuan 5K maximum. Bank Persatuan dividend 10%. And another 5% ASB or Unit Trust
another thing with 10K, we could use to clear off credit card debts.
giving to my parent
saving in pruretirement accumulator,guranted income 9% yearly,da tua nnt xperlu kerja lg
Salaamun’alaikum Wabarik, first let me share what the bank didn’t want most of us to know. Your money should be kept with them, not even by you. Go ahead, open up an account. The truth is, you’ll stop the “Money Flowing” within you, but it’s flowing for them! Every single penny from it, would created 500 – 700% increase in their business profits. The savers get only less than 10% from what they save! Just spend it, even if its not equivalent to what you hopefully need, some will still benefit from it. Like, your family and relatives, or just give it straight to God! Whatever we give unto Allah (Sadaqah & Zakat), He will surely Give back… more than any banks in the world could give us back in return. Hehehe… Even our Prophets and his beloved disciples never kept more than 1/3 of what they need to live daily. They just simply give it away. Yet they never hunger nor worry about anything. Spend (Live) on Giving.
I will use it on 4 things:
-my mother
-my family(me and wife)
-credit card debts
-saving(Unit Trust)
RM2,500 for each one will be nice.
RM10K is not big, but enough to buy gold…since gold is at its highest price now, park this money in share market to make a little money, withdraw when gold price is lower….
10k it’s not a big money..well can solve some of ur probs i guess..
Hey Guys,
Thanks for all your thoughts. That’s the whole idea here, 10K is not big, if I put 1M surely you have more bigger thoughts and ideas like buying house, going for holidays, but new cars, etc…but 10K is enough for us to think about our daily life needs.
Keep the idea flowing guys…see you later. Yesterday I am abck to my other blog which I could not access due to technical glitch. Almost 7 months without accessing and updating and yesterday I ma back there. See it here: http://www.mysimpleonlinebusiness.com/blog/blogging-tips/i-am-back-at-mysimpleonlinebusiness-blog
pay my debts