Why consistency is the biggest key to wealth

We’ve all heard stories of people winning lotteries or crypto bros cashing in huge profits.

In reality, building wealth isn’t as sudden nor is it about luck like winning a lottery. It’s (Let’s be real here, gais) hard work, mindfulness, and most importantly consistency over a long period of time. 

Think of your EPF

In your first few years of working, it may not seem much. In fact, it must be a bit annoying to have your pay deducted. Eventually you get used to it and forget about it. After 10 years of consistent forced saving, you’ll be surprised by the amount and returns earned annually! By putting in money consistently and letting your returns compound every year – you end up with a sizable retirement fund. 

What if you have financial goals that need to be met within the next 5 or 10 years? You can’t rely on your EPF as it is locked up for your retirement.

This is when consistency comes in.

By saving consistently in the right place, you will be able to build a sizable fund to meet your financial goals – whether it’s for an emergency, house, or travel

So start setting aside part of your pay to build your savings fund. Treat it like how your pay is saved into your EPF – automated and as time passes, something that you don’t notice anymore. Grow your savings by letting it compound with Versa Cash.

If you have a long-term goal, say 10 years – then it’s a great opportunity to explore investing. You’ll potentially earn higher returns while having time on your side to ride out short-term ups and downs.

At the end of the day, it takes a bit more mindfulness and discipline to put money aside and not touch them. While the journey to building wealth may seem long, take a look at your EPF and remind yourself that sikit-sikit lama-lama jadi bukit.  #YouCanDuit.