Be financially Free..!!

Being one of those who work day in and day out and waiting for the end of  the month to come to pay off those utility bills, health insurances, hire purchases etc., the term financial freedom has always in my thoughts. But what is financial freedom? As described by WIKIPEDIA, Financial independence is generally used to describe the state of having sufficient personal wealth to live, without having to work actively for basic necessities.

               For financially independent people, their assets generate income that is greater than their expenses. For example, a person's quarterly expenses may total $4000. They receive dividends from stocks they have previously purchased totaling $5,000 quarterly, while also having more money in other assets. Under these circumstances, a person is financially independent. A person's assets and liabilities are an important factor in determining if they have achieved financial independence. An asset is anything of value that can be liquidated if a person has debt, whereas a liability is related to debt, in that it is the responsibility of one possessing it to provide compensation.
               In Malaysia for instance, ASNB (Amanah saham nasional berhad) provides opportunities for those who wish to generate dividends out of their monthly savings, instead of putting it in their bank accounts which pay very minimal returns annualy. With packages such as ASN, ASN2, ASN and ASB, investors get to choose which package that suits their interests. ASB for example needs investor to put in their money in their accounts for at least 3 months with dividends paid ranging from 7 to 8 % of total investments at the end of a year.
              But will these sort of investments lead to financial freedom?  For those who have a big amount of capitals in their hand, perhaps yes. But for those makan gaji people who earn RM800 or even RM3000 monthly, faced with the constantly rise of daily living costs, financial freedom could be too far to reach. In my future posts, I'll be sharing some of ways and opportunities that people venture in to reach their financial freedom goals.