Invest early and let the numbers grow, says Erin Adlina
Invest with confidence, but remain mindful of your spending.
SHAH ALAM – In today's world, where financial freedom is often linked to lavish spending, financial and wealth planner Erin Adlina Adnan approaches it with a more balanced perspective.
She said that while bold investments are key, careful spending is just as crucial. Her advice to young adults looking to make the most of their extra salary? Invest with confidence, but remain mindful of your spending.
For example, she always has a quota of expenses when it comes to buying designer handbags.
"This is because I reward myself with buying my own house and doing renovations instead.
"You have to balance things out. There is never a one-size-fits-all, but make sure that you do sacrifice a bit at first in order for you to be rewarded handsomely for yourself," she said.
She also said that financial saving habits would develop over time upon practice. "As for me it is something I started when I was 18.
"Back then, I was taught to keep aside for myself at least 200 bucks every single month, auto-debit it and invest it.
"That is what I have been doing since I was 18, and eventually, I started seeing the amount grow from 200 to 500 to 2000 and finally to a five-digit number of savings," she said to Sinar Daily before speaking at She Leads 4 on 27 Aug to discuss about "Don't Go Broke In Your Golden Years."
She said that saving would be the starting point for someone in their financial journey.
"Whatever credits that we have, I think that it is important that we also allocate money for savings and for any investments," she said.
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