Don't Just Save, Make Your Money Work for You

The reason is simple: money in a savings account or at home is more easily accessible in emergencies. Some avoid investing due to fears of losses or difficulty accessing their funds when needed. This attitude can be detrimental as savings accounts don't yield dividends, while investments can generate extra income if managed wisely.

Uninvested money loses value due to inflation. For instance, a cup of tea that used to cost 50 cents in the '80s now sells for RM1.50. Investing safeguards the value of your money and prevents unnoticed losses. To start investing, set aside a portion of your monthly income, ensuring your remaining savings cover your living expenses comfortably so you don't overspend.

Consistent long-term investments benefit from the power of compounding. Consider low-risk options like Amanah Saham Bumiputera (ASB) or fixed-price unit trust ASNB. For those willing to take more risk, investments can extend to the stock market, real estate, or gold for higher returns.

The key to investing is managing your income, not just the amount you earn. Avoid reckless spending and debt accumulation. Automating monthly investments using services like myASNB or online banking through Maybank2u and CIMBClicks simplifies the process. Allocate 5% to 10% of your income automatically to your chosen investment account. ASNB allows investments as low as RM10 monthly through Auto Labur on the myASNB portal. Over time, these slight investments can accumulate significantly without much effort.