Open your own bank?

by Reedz on November 17, 2007

Pics from a financial planning talk which I attended yesterday afternoon.

Some very useful tips and advice given by the very able speaker, one of which was to open your own bank, i.e. open an account separate from your main one and use it only for deposits of a certain percentage of your salary every month where the funds can only be used in cases of emergency.

Effectively, this becomes your emergency fund which you can use instead of borrowing money in cases of emergency, or worse still, using your credit card (thereby incurring the deadly 24% p.a. interest!!!)

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The two speakers for the afternoon

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Part of the audience who took the first step in planning for their financial future by attending the talk

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Sumbody took this picture with my camera for some reason… Illustrative purposes?

Jewelle November 18, 2007 at 9:01 pm

Hmm..nice watch.

Dr Doom November 18, 2007 at 11:41 pm

bro, yeah very nice watch, remind me to rob you when i see u next .. :p

anakbrunei November 19, 2007 at 8:41 am

Jewelle: Tks, the watch is the same age as me… can it be considered as antique heirloom? 🙂

Dr Doom: Yo bro! How was da paintball weekend that I missed man?? Heheh! Looks like I’m gonna have to change watches! Mana cia jam casio ku ani….

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