As our desire are burning on yearly basis especially after celebrating new year resolution, we must analyze our current income portfolio to ensure its sustainability to absorb any economics turbulence.
Income can come in many forms and it must be able to bring in consistent revenue on monthly basis provided we put our effort consistently. Thus, we should not be complacent on our current income source irregardless of active or passive formation. Never be a victim of any ponzi scheme to cut short our financial dream.
Since this is Jan 2013, kindly put tremendous effort to review our standing position in term of net worth and ensure we are at positive ratio not less that 100 points basis. Otherwise, kindly plan your action plan to bring back towards this position.
All our liabilities must be settle as early as possible according to the priority based on high interest such as:
1. Credit card default
2. Personal loan
3. Margin account
4. Easy payment scheme
5. Car loan
Those are our main target to be cleared from long term commitment or otherwise it will defer our financial goal.
Last but not least, we need to protect our interest from any mishap while working very hard to achieve our long term direction.
If you need help to achieve this, kindly drop me a message for assistance.
Happy new year & all the BEST!... Do what is RIGHT.
@kacM
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