I got married early at the age of 23 back in 2013. Fast forward 4 years later, we had 3 kids. I was driving Uber at this time, and it kicked me to figure out what way I could increase my income or have a better financial standing. As a father, of course I need to always think about the future and the future of my kids. I remembered a couple of years ago while being part of the Young Challenge Program with Grameen Creative Lab, Prof Yunus advised me to study the banking facilities, products and economy in my own country – Malaysia. I never had the time to do so before, and now while Ubering, this is the time.
I started studying the bank, their products and I realized, with different products, there are different outcomes and there is no way for me to grow my money as much as I would like to by saving them in the bank. Even if I want to be selective of the products, most likely it has an average interest or growth return of 0.02 percentile per annum. In plain words, if you have RM10,000 x 0.02% you only get RM2. WHAT? Hence I needed to find an alternative to savings.
I have long diversified some of my funds in all available products in ASNB. I noticed that it gave more returns even if at that time it only had a few hundred in the account. As an example, RM500 in ASB1 with a dividend rate of 3% I had earned RM15 in return! That is a huge difference!
So what I did was I withdrew some of my savings and I invested it in ASNB and kept what I needed to spend in the bank so that I could focus on growing my money through ASNB.
Slowly, I am happy to see the returns coming in. My financial standing got better as I subscribed to all available funds in ASNB and that had earned me passive returns 6 times a year. It has allowed me to spend on things efficiently without touching my savings but fully relying on the dividend earnings. It is not much, but it motivates me to keep going.
I feel like this works for me and so I want to share with others so they too can have a better financial standing and earn 6 times a year.
If I can, Why not others?
He will be sharing how you too can learn how easy it is to invest domestically, creating surplus almost monthly by saving in the right places. Reach out to us to find out how!
“Bulan lepas, saya telah mengikuti sesi pembelajaran tentang pelaburan, khususnya pelaburan ASNB. Bimbingan beliau sangat jelas dan mudah difahami lebih lagi dengan bantuan info grafik. Saya amat berpuas hati dengan perkhidmatan beliau dan saya sarankan anda yang berminat untuk belajar juga.” – adl.eddie
“Memang berbaloi masuk kelas pelaburan beliau. Selain ilmu yang dapat, perkarang paling berbaloi adalah tips diberikan. Terbaikk” – mrrie