Spend Within Your Means

I am in awe to learn how much my brother has saved.

He is a fixed income earner and yet he can save more than 100K.

This is quite unbelievable!

Had a small talk with him and I really opened my eyes wide in astonishment.

He doesn't drink or smoke. He doesn't spur on food.

He finds out information on which bank has the highest interest rate, he deals with blue chips, bonds and stocks...

He eats and works at the same time and he is very healthy.

His hobbies are making money and upgrading his car. He just bought a mercedes recently.

He said that he could save up even more if he didn't spend on holiday tours and branded bags for his wife. (eyes popping)

I put across this question to him.

"You are a fixed income earner and it is really amazing to know that you save so much every month."

No doubt he earns half as much as a Financial manager(based on someone whom I know) , he is the highest paid member in my family, still I don't understand how he could still save up so much.

Of course he won't tell me too much and he isn't obliged to anyway.

Oh yes, his bonuses which he claimed are FAT... cos he is a high flyer.

I won't be like him and can't be like him as there are so many differences in other areas.

I have to be realistic and set attainable goals.

Every individual is different and we set our priorities differently.

The book says [Save up 10% of your salary].

The bank consultant says [Save up 20% of your salary].

Whatsoever, the most important thing is "Spend within your means".