Hi everyone,
This news has been on my news feed for a couple of weeks now and it is an issue that should not be taken lightly. The headline news is as follow:
EPF stands for Employee Provident Fund which basically is our government agency in Malaysia which handles the savings for almost all level of employees in Malaysia specifically for our retirement.
This is quite alarming whereby half of Malaysian only have less than RM10,000 (about $5,000) as they reach 55 years of age
This news is very alarming and it will deeply impact the livelihood of the group that has less that amount. Worse case is that, they will still be required to work harder to settle debts and to put food on the table.
One must be able to foresee themselves at the retirement age
One of the key success factor to ensure that ourselves will not get into that categories of low income level is to be able to foresee themselves in the future.
Foreseeing the future is like predicting our future and one must take the opportunity to shape their own future.
Don't wait because the future is yours for the taking.
That's why I went into the world of cryptocurrency
I didn't came from a rich family but I am happy enough to come from a family that take knowledge and learning seriously.
Hence, this has made my perspective towards financial management seriously.
I look at various scheme of investment and business, and put money at where is profitable with lower risks.
Hence, being in cryptocurrency world is one of the important areas where financial management can be beneficial and worth in the long run.
Hive is one of the best technology for financial management
Hive is more than just a social media platform but is also a platform that has various tools included such as LEO and CUB.
LEO has taught me how investment can be diversified into various portfolio through different blockchains.
CUB has taught me the defi mechanism which is really an important technology for decentralized finance. Plus, a beginner like me can learn easily through CUB.
The era of fiat will soon be gone
Let us take example of postcard replaced by emails, fiat will soon be replaced by cryptocurrency.
Remember, emails was also rejected by many including governement back in the days, and look how emails has been adopted now.
I bet crytocurrency will also replace the fiat economy.
We can already see countries are starting to slowly accept them for daily transactions.
It is just a matter of time.