Introduction
Money Slave To Money Master is a book that tells a true story of the relationship of the author with his money.
Reading this book you will learn how to:
What this book is not intend for:
x To provide financial services advice
x As a solution to serious debts. However, the tips in this book should help.
This book is intend to remind you of the things that you already know, however the institutions that like to lend money are happier if you, like many others have forgotten.
The institutions that we borrow from do so to make a profit. They make a huge profit out of us. If you consider some of the statistics on bad debts you will realize just how much money they make to accept risks such as bankruptcy at young age.
"THOSE under-30 are the leading age group for people declared bankrupt due to credit card debt. This startling finding reveals the other dimension to the general problem of credit card debt which has now reached RM23.3 billion.
"Out of the 3,548 people declaring bankruptcy by credit card, 1,774 belong to those aged 30 and below," said Datuk Abdul Karim Abdul Jalil, director-general of the Department of Insolvency Malaysia. That works out to a staggering 50 per cent."
It is only when you understand this money making principle that you will be able to take that same principle to reduce your own borrowing habits and become totally debt free.
Last but not least, take your time when you read my story and when you have finished reading, don't forget to take action!
Towards Being A Money Master,
Andrew Stephen Lau