Invest Early To Achieve Financial Success

Brian Tracy once said, “At least eighty percent of millionaires are self-made. That is, they started with nothing but ambition and energy, the same way most of us start.” If you are young and wish to see your cash grow over time at a rate exceeding 5%, putting your EPF saving in well managed unit trust is a wise option. If you put RM30,000 of your EPF saving in a Public Mutual Berhad index unit trust fund and achieved a long-term average return of 23% each year for 10 years and 20 years, your investment will have grown to RM292,467 and RM2,318,081 respectively. It pays to invest early. Take advantage of Dollar Cost Averaging especially in the current stock market scenario as it provide an opportunity to accumulate more units. “The philosophy of the rich versus the poor is this: The rich invest their money and spend what is left; the poor spend their money and invest what is left.” Jim Rohn.