Twenty-Twenty

Every one is eager in saving money for their future. But most of us are also unconsciously constant in wasting most of it in things that aren't really that important.

One of our greatest fear is bankruptcy. Who in the world would want to be broke? NO ONE. We all swear that we will never let ourselves suffer from this crisis. Yet, 6 out of 10 are broke by the age of 40.

The secret is 20-20. What does this mean? 20-20 means saving 20 percent of your net income for 20 years before retiring. Saving means, investing your money to that bank without touching it. And by 20 years, it means consecutive 20 years of doing the routine without missing a month. It's compulsory.

One tip is that you open a time deposit account from you bank of choice which offers the highest rate. From there then discipline yourself to the routine, and try not to tempt yourself in touching your savings - consider this as your retirement fund.

Another tip is that 20 percent is 20 percent. Don't make any excuses. Twenty is twenty.

And lastly, try to keep yourself away from all material stuffs which are non-beneficial to your part. Invest to things with value that doubles in time.