This article was produced in 2018. And if you read below I mentioned someone predicted a global recession in 2020… and true enough we had covid which disrupted many people lives. And because of this article, a few follower actually started saving and was not in a very bad situation during MCO.

Over the years, I have published many articles advising my readers to save for their retirement and not burn their hard earned money on non-durable stuff. This is because I stupidly burned my hard earned money on entertainment and gadgets in my early working years. If I were to add all the money I spent on gadgets, where they become obsolete the moment we buy it, it would easily sum up to more than a few hundred thousand ringgit. And what do I get from owning them? Nothing except shiok-sendiri!!!

When a renowned personal finance blogger Mr. Stingy asked me what advice I have for 2018, I simply replied no one knows the future but yet we must have a plan for the next 5, 10 and 20 years. You can read my comment by clicking here to Mr. Stingy’s article titled 17 Experts Share Their Top Financial Advice for 2018 for Malaysians.

Today, I am going to tell you young GenYs again the importance of saving money, especially if you do not have 6 months cash standby in the event of an unforeseen situation. And the situation I am talking about is our country may be in a Recession or worst still, a Depression, sooner than you think.

Yesterday, I read an article where Harry Dent predicted that we will face a global recession sometime end of 2018 to early 2020. Click here to read the article at news.com.au titled Coming Global Crisis.

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