I’ve been doing some self-auditing and we figured its high time we go into a mega thrift mode. Having savings is a priority. I mean, a definite portion of our income will be set aside from savings, not just the excess. Thankfully, hubby is really good with handling money so he keeps me in line. I think its a wise thing to save and invest while you can still work.
We also have a lot of big purchases in the offing, so I wanna have some cash handy. And in the next two years, were rebuilding our house here in Phnom Penh. Nothing grand, just something ‘liveable’ and sturdy hehe.. We bought the lot a year after we got married and thank God for hubby’s insight in buying this piece of lot. It’s located well within the city, in a safe and accessible neighborhood, very near the market. The only problem is the access road which is small. But its a prime location which we bought for almost a pittance and can you imagine that last year someone wants to buy it from us for more than 10x its original selling price? I think its a great investment and we’ll be building a much better house on it with a couple more rooms to accommodate guests and a home office for me.
After were done with this, we have plans of purchasing another place in the suburbs. Phnom Penh is growing exponentially, it won’t be long when the city would be like bursting in its seams so we really want to have a place to settle in, have a small garden, sunshine, a lot less chaos and noise. Sort of like a retirement home and we want to save for that early and buy it at least while we could still afford it.
Wouldn’t it be just awesome to walk out your back door and see this view…
So with all these big expenses were planning we both have to work more, save more and invest some. I’m thinking on investing I’m not sure yet which kind. Should I go for real estate, penny stock picks, high yield {but high risk} investments? All this would be given ample thought and research of course. For now, I’m quite excited. Lol! That might be hard to believe but the prospect of seeing something solid out of the work you put in is exciting and very gratifying. Wish us luck!
Image via Photorack.Net
