Must, Important, Nice and Useless.

I'm back after stop blogging for 4 months. The reason is because I have some academic plan for my Jan2010 semester (the semester I've just finished) in order to improve my cgpa and hopefully my hard work will be paid. Now I'm at my home in Sik, Kedah and do nothing except eating, sleeping and surfing internet.

Today,I planned to register my account for ASB at the post office but the registration form had already finish, so maybe I'll try again next week or after a couple of days. Next, on the way back to my home, I drop at the public library. Maybe I can spend some time reading some business books there. And look for some interesting book.


Then, I grab a book from Azizi Ali (my idol) entitle The Millionaire Chronicle, and read some of it. Now I going to share with you a simple tips from him. This tip is about personal money management. How you can reduce you expenses by 10 to 20 percent. It is very simple.

First, you must know the different between a "must", "important", "nice" and "useless". The reason why you must really understand this is because you will apply this when buying things. Most people just spend their money without considering this categories. Next time you go for shopping, categorize the items you want to buy based on this four categories.

You must be wondering what is the real meaning of "must", "important", "nice" and "useless". "Must" is something that you really need to buy whether you like it or not. This can be foods or cloth. "Importance" is things that meaningful to you and can improve your life, make you happier and healthier. It can be activities like traveling or sports. "Nice" is something that you like it but to own it, it is a burden for you. Like luxurious car. And the last thing is "useless", it bring no good for you and just harm like cigarettes.

This thing is very subjective. It is different from everyone. For a student like me, buying a car is "nice" since I already have a motorcycle, but for people who just get married, having a car is a "must". So, think wisely and be honest with yourself. Never compare yourself with others. For a moderate income people, buying a Lamborghini is "useless" but for a billionaire, it is a "must".

For your spending, eliminate all the "nice" and "useless" things, you will be shocked by how much money you can save by doing this. That money you can use for "must" and "important" things or just save it for your future.