Creating your own income balance fund

Everybody is grudging over the increase cost of living especially in cities. Many people ask, I just make RM2500, how to survive in KL ? Well, many people survived with a fixed income of RM1500. You might ask: how these people can ever do it ? Some tips for you here.

1. Income generation
Fighting for increment is always hard. Fight with your boss for your own or for your staff until your face gets flushing red might probably get you a 10 % increment over your salary. Of course, your main income is always inportant, and yes, you still have to fight for your increment, :P. But, have you ever thought of how to generate better cash flow income during the start of your career life ?

2. Expenses & Taxes
Yes, you will definitely agree with me that city folks always tend to spend more than what they can afford, or probably always spend on what they can afford the best. Learn to spend what you can afford the least without depriving your daily lifestyle.

3. The Cash Flow balance
Learn to balance your monthly cashflow to prepare for investment opportunities. Probably you will tell me that you have read Kiyosaki's Rich Dad book. But, let me tell you , learn the Asian way, :) .