Every breath has a price to pay.

At one point, netizens made funny content saying that life is valuable… electricity bills, water bills, internet bills, snack bills, various other bills, etc. Just laughing alone is not enough. Think about it a little further. Today, as we breathe in and out, many of us are probably at an age where we can earn money to support the cost of breathing, no problem. But if one day that ability is no longer there, how prepared are we to pay… if we still have to keep breathing?

Not like the kind of thing that teenagers jokingly say, that they will have a comfortable life but will die tomorrow.

I'm not a financial guru, life coach or anything.

I'm just a former employee of a financial institution for a long time until retirement and I dare say that.. I am a representative of salaried people who do not have a wealthy family to help them. During working age, I had a salary, had to rent a house and later had to make payments (in order to have a place to live when there is no income from regular work), had to buy rice, just like normal people. Had problems with saving money in the early stages of working.... and learned how difficult it is to not have emergency reserves.

Actually, I intended to write an article since the beginning of the new year because I believe that during the transition period, people tend to set hopes and goals to do something good for their lives. I secretly hope that saving money will be a good intention for many people. As for those who already have excellent financial discipline, I would like to commend them.

The new year has passed and we are in the fifth month already... Did you do what you set out to do well? ... Ask yourself and answer yourself. For those who failed, don't lose heart. Keep fighting! There are still 7 months left. Whatever you promise yourself, don't think it's not important like when you promise others because it will be deeply ingrained in your thoughts all the time.

Personally, for the past 2-3 years, I have set a goal to stop setting any goals because throughout my life as a salaried employee, I have been pressured by various goals. I remember that there has never been a year when I have been able to set goals easier than in previous years. No matter how the economy is, I have to make the goals better according to the contract. When I was a young employee, I complained a lot when negotiating, and my foreign boss said that "you are paid for it” Disband to go to work

Not setting goals doesn't mean being absent-minded, but rather thinking that you're getting to the point. If you want to do something, just do it. In this article, I'm changing my mindset to persuade people to be interested in saving money, especially the new generation, because someone gave me an idea that their money is from people who just graduated, just started having income, earning money by themselves, just stopped asking their parents for money, and are surrounded by contents in the world that provoke thoughts. "It's a must have." Japan and Korea are just around the corner. How can we stop them? Let's give them some time and space to educate them.

But I still secretly worry. But if you just spend within your income and don't have debts that are hard to pay off, it should be okay. Don't make the mistake of getting caught in various forms of gambling that are everywhere, both online and offline. People who want to play know where they can play. I can only hope that those who are responsible will do their best to control and prevent it.

This time, I would like to try talking to people in their late 40s and above because this group of people still have to work for another 10 years before they can retire and receive full compensation according to the labor law. And I believe that in the next 10 years, people will have to be serious about preparing to change from being salaried employees to being unsalaried employees. Let's cut out the group of people whose jobs offer salaries after retirement.

And it is a turning point in our lives, facing challenges of new forms of work that arise in line with the world that is spinning faster, various risks, and economic uncertainty that can occur all the time, sometimes leading to termination of employment earlier than reaching the retirement goal.

Many people I have seen, when they are laid off at this age, finding a new job is not easy.

I also got the right timing around this time (late 40s, approaching 50) to be free from the burden of paying for my own place as my father taught me. Then I started checking the lines, counting the amount of gold I had in various forms such as LTF, RMF, life insurance, health insurance, allocated shares (purchased according to rights and length of employment, not for free), etc. At that time, I didn't think about losing my job, not because I was careless, but it was like throwing this option out of my life because my child was still young and my wife had just quit her job to take care of the child. Thinking about it now, I'm still glad that there was nothing serious in the economic situation, such as Covid. Otherwise, I would have been miserable as well.

In fact, our Thai society has had people from previous generations who were famous in their time, extremely famous, so rich that they could not handle their fame. Many professions teach us lessons when times change, when income is not the same or disappears, and when times of prosperity are not well-managed. I apologize for not giving a direct example of which profession it is, but I believe that everyone understands it well.

Let me reiterate, I am not trying to force anyone to save money anymore because this is a specific matter and each family’s life philosophy. I just want to invite you to think that if there comes a day when there is no income, even if you have some savings, the question is, will it be enough to live under the condition of having no income every month?

I thought about this because I seriously re-examined my current financial portfolio after I retired and had no salary or income to replace it for a while. I found that the funds I had bought were because I believed what a financial guru said, how could ordinary people like us be better at or have better investment information than fund managers? It's true. Let's say I invested 4 baht 5-50 years ago. Today, I have only XNUMX baht left, or some funds are even worse.

No selling, no loss. That's what we've been saying. But how long do we have to hold on to? What should we do with the money that's stuck here and the daily expenses? I'll give you an example, but think about it.

I have never "play" Stocks because I think that we are careless people who analyze detailed financial figures and are not very careful.

They did not buy bonds because they were tied to a long-term bond. Recently, many people have lost all their money to the companies of the criminals who intend to cheat people like professional mobile phone operators.

How much interest do I need to have in savings in order to be able to use the interest to cover the cost of living a modest life?

I do not intend or dare to advise anyone to invest in anything because each person's investment conditions and preferences are different.

And that day I had the answer for myself. Even though I had savings, there was still the question of whether the return or growth and the rate of decline of the savings would be enough to support my life. Because if I was still breathing, I would have expenses.

I have to decide to cut or accept.Throw it away” A fund that is unlikely to have a future or may have a future in the next 6-700 years to collect money to invest in stocks is not called "play" Stocks, because this type of investment can't be played.

For the first reason, stocks in the stock market have annual dividends, and those dividends can be claimed back on tax (just found out). If you need to use the money, you can quickly get it back in cash. And finally, life has its ups and downs, so do stock prices. If we weren't so unlucky to invest in the company, the Outerwear Bandit, we wouldn't have been so hurt.

Let me repeat, I am not suggesting that you should invest in stocks. The point is that I think that your savings will decrease every day if you do nothing. I am just trying to choose a method that I believe will allow your investment to circulate to spend or grow, or at least slow down the rate at which your savings decrease. However, you cannot avoid the truth that investment has risks.

But I dare to recommend that if you are thinking of investing in something, I invite you to visit the event. Money Expo Bangkok 25th Held atChallenger 2-3 Impact Muang Thong Thani 15-18 May For this kind of work, if you really go and talk to the financial institution staff, I think they select people who can provide knowledge very well.

For those who have good karma or are very well prepared, have passive income such as having a room to rent, having land to grow fruits and harvest, or income from dividends, interest on deposits, and can live comfortably each year, etc., you can skip this.

Even though the world has advanced a lot today, AI can help with many things, but I am sure that we still cannot know when our last breath will be. If we have enough money saved up, when that day comes, our children and grandchildren will not suffer. But the problem is that even though the money is gone, we are still breathing... This is a mess. Don't forget that a very big problem for the country is that we are entering an aging society, which will have many more problems. We cannot wait and hope for anyone to help us.

What we are talking about today is that even if you have money saved up, how much will it be enough when the day comes when you have no income but are still breathing?

As for whether or not you think about saving money from today, it depends on your preference.

#SaveMoney please…