During World War 2, thousands of children were orphaned and left to starve. Some were rescued and placed in refugee camps. But, even though they now had food and care, many of these children could not sleep at night. They were afraid of waking up to find themselves once again homeless and without food. Nothing seemed to reassure them.
Finally someone hit upon the idea of giving each child a piece of bread to hold at bedtime.
Holding their bread, these children could finally rest. The bread reminded them, “Today I ate and I will eat again tomorrow”. Holding the bread they could say, “Today I ate, and I will eat again tomorrow.”
Holding the bread and the bread reminded, the important of surplus cash flow in financial planning. Today we live in the world of information, information teach us various way to do in order to be good financial steward. I always heard and saw the media teach what insurance to buy, how to buy insurance, what to invest, how to invest and if want me to list down, that will be unfinished various selling information. But, I not against insurance and investment are not important, but should look beyond the priority of relevance step with cash flow as foundation then according to individual financial condition relevance step to priority. The below table is the result of APKP research on Malaysian Working Adult on their financial goals. Surprisingly, the no.1 financial goals, settling debt faster is the information missed out at media, believed debt is the main reason affect the cash flow of household income.
I felt sorry when I realised this happening. With this missed piece bread, me and my team started up a financial advisory firm that approved by Bank Negara Malaysia with mission to reach out our community the important of debt management literacy will improve their decision making on finance for their financial goal. Click here for more bread about us 😊
Disclaimer: Readers are advised to exercise due care and be responsible for their own decisions.