I want to start this article with a reflection back when I had a talk with my dad.

We had a conversation about my career and future moves. As usual, my dad has his own preference, and I have my own. As I write this, I am in a middle of a month long deliberation regarding my career moves, so this month of November 2009 is a very crucial and critical month for me.

The problem is that he wants one thing for me and I wanted another…. Basically he sees a high earning job abroad as a secure way of earning money. But I wanted to start learning about business and immerse in it as early as possible.

Fast tracking the conversation, he told me that he had a friend who is a struggling family. He works locally and his wife works in Qatar Airways. They rent an expensive apartment and the wife is, as I write this, now pregnant with their 3rd child.

What worried me is Qatar Airways had a downsizing and she was fired from her job. I asked my dad if they were able to save anything while she was still working for Qatar Airways.

He told me no, so that’s why he told me I needed to go abroad so I can have a high earning job.

As I thought to myself, will more money solve problems? What about job security?

These are typical families who are in the upper middle class. The problem with the average middle to upper middle class family is when their INCOME goes up, their EXPENSES goes up as well. What did they save? And how much? I assume that their family does not save because they had high income. But, they depended too much on the high salary and in fact maxed their salary out. So when the downsizing came, they did not know how to deal with it.

I really can’t answer back to my dad, so I am writing this in a way to express my own sentiments. If they knew how to handle money, let alone be financially literate, they would have handled their mess alot better better.

SAVING MONEY is not by the circumstance or situation you are in. You save because you chose to do it.

BUILDING WEALTH is not by the circumstance or situation you are in. You BUILD WEALTH because you chose to do it.

Therefore,

GETTING RICH is not by ythe circumstance or situation you are in. You GET RICH because you chose to do it. Either high or low income!

You can do it because you chose to!

YOU HAVE A CHOICE!

SO, WHAT ABOUT THE LOW INCOME EARNERS EH?

Here in our country, there is what you call a tricycle driver, a transport service that gives you a ride around $0.40 cents. They generally earn about 3 dollars a day, a below‑minimum wage amount.

Let us take for an example a tricycle driver, age 20, who saves $0.20 cents a day, working. He works 5 times a week, 260 days a year, until he stops working at age 60.

260 days X $0.20 cents is $52 a year, then invested in diversified instruments that generally give him 15%.

A tricycle who works more or less 40 years while investing his money will have an accumulated wealth of approximately $28,905.02 from just saving $0.20 cents a day!

Take note, when you save whether everyday, weekly, or monthly, you need to have the diligence to be consistent in allocating your money for wealth and have the discipline to maintain that diligence.

So, if a lowly tricycle driver can accumulate an amount of $27,905.02 just from $0.20 cents a day, then everyone else can build their personal wealth as well! And as the title says above, no excuses :)

Remember, you do not get rich because of a high salary, but because of the right mindset and good financial literacy!

IT’S A CHOICE! DO IT! CREATE WEALTH!

(Next! Get your Head Straight!)

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