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FP Article 11

Articles on Saving and Investing to Help You Help Yourself and Your Kids

by Rajen Devadason

Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery.

Charles Dickens' Mr. Micawber in David Copperfield 

  The habits of saving and investing are two of the most important ones we can cultivate in our own lives and then instill in our children.

Doing so successfully can result in economically viable families. Failing to inculcate these interwoven habits often yields multi-generational poverty.

Whether you have children yet or not, paying attention to the simple principles in this article and launching out to deeper study will prove profitable.








The Chinese have a belief that it is almost impossible for a family to retain wealth across three distinct generations. This phenomenon is so well established across cultures and continents that the Americans have long had their own aphorism for this sad and disturbing human tendency: "Shirtsleeves to shirtsleeves in three generations."

This is an article on the importance of saving and investing and is a launch pad to other valuable resources on this site. I hope you enjoy reading it. But if it isn't what you're looking for, you're welcome to search for something that better meets your needs. Thank you for allowing me to serve you.

Rajen Devadason

Web www.FreeCoolArticles.com










One of the main reasons the global economy has literally exploded in size and vibrancy throughout the 20th century and into our own 21st is the creation of credit purchases.

This pretty much began with the nascent automobile industry in the United States. Once people realised they didn't need to save the full sum to buy a car, millions more were able to purchase a 'horseless carriage'. This rapidly led to the widespread paving of roads, the adoption of John Boyd Dunlop's pneumatic tyre technology to reduce the bumpiness of rides, the rise of John Davison Rockefeller, Sr., and a whole new industry linked to the accelerated pumping of black gold out of the bowels of the Earth, and a proliferation of unrelated businesses that realised offering easy credit expanded the capacity of wage earners to buy more and more and more of their 'stuff'!

Fast forward to our brave, new world!

With the marriage of sophisticated advertising and marketing initiatives to powerful global media organisations, it has become increasingly difficult to simply drift into the good habits of saving and investing. Concerted effort is required.

If you need proof, consider this:

The gap between the world's haves and have-nots is widening at a frightening rate. According to data released by the United Nations, in the year 1900 the wealth controlled by the world's richest 20% was 10 times more than that possessed by the world's poorest 20%. By 1950, that 10:1 ratio had ballooned to 30:1. By 2000, it was 75:1.

For the benefit of my speaking, writing and consulting clients, several years ago I ran a simple regression analysis that suggests that if the trend continues, the world is going to reach the frightening state of having a 100:1 rich-poor ratio on May 1st 2045. Many of us will be alive then, as will most of our kids. Which side of this GREAT ECONOMIC DIVIDE will you inhabit? More appropriately, which side will you CHOOSE to inhabit?

We already see the awful effects of global society's fabric unravelling and fraying at the seams as this untenable situation grows worse each passing day.

The real question you must ask yourself is are you going to continue down the path of wealth diminishment that the bulk of humanity is speedily skating down?

Or are you going to proactively ensure both you and your children (and hopefully even your grandchildren) absorb potent ancient and modern lessons about saving and investing that can increase your odds of joining the ranks of life's winners?

If you would like to download a free ebook I've written to help people who are willing to commit to a 5-year programme of self-study, you're welcome to help yourself to 26 Books to Take YOU All the Way to the TOP!

If you would like to start to learn the necessary basics of saving, you may read How To Start Saving Money.

And if that inspires you to begin thinking more seriously about saving, read Soar As High As You Like - But For God's Sake, Get Your Safety Net In Place First!

Then, you might want to move on to the article What Is Investing?

Finally, if you want a sensible, fun approach to adopt as you gradually develop your money mindset and with it a personal philosophy of investing, you will benefit from reading Why Bother With Dividend Investing?

It is unlikely you will complete all that reading in a single sitting. You might, therefore, want to bookmark this page so you can return to this article at will.

Your family's financial destiny can be dramatically improved by your actions today.

I hope and pray that you will first invest the time and effort to digest all this invaluable knowledge, and then act on it!

I wish you the very best in this grand, multigenerational endeavour.


© Rajen Devadason

Web www.FreeCoolArticles.com






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Rajen Devadason, CEO RD WealthCreation Sdn Bhd & RD Book Projects
349, Desa Rasah, Jalan Bayan 7, 70300 Seremban, NS, Malaysia
Tel/Fax: +606 632 8955