Self-Disciplined is essential

  Although I am not familiar with the Investment yet, there are some common essential elements are known well by ordinary people---Courage, Risk Management, and Self-Disciplined. Usually an investor would more focus on the profit rather than risk or extremely, risk rather than profit.
 
  Risk is come when you do not know what are you doing. People tend to avoid risk as well as lowest risk but guarantee return is the best way. Not wrong at all  but chance would be losing out if we do nothing on learning the financial tools or financial terms. Not more than that, Courage is the way to push you up to take action.

  Actually, self-disciplined should be applied, too. Everything could mess up if self-disciplined is not applied. Set up a target, then plan for time management wisely, implement it with strong will. If giving up on the half way, means that we have no self-disciplined or not strong enough. Talking always easier than doing. Do not stop in the planning stage. Many people like me, always stop or give up during the planning stage. Doubt on self-capable, afraid of failure and not confident with myself. I would not fail if I do not think in this way but I do, actually.

  Now, I have no any long term planning , yet short term is being planned currently. Small step would be started off first by implementing it strictly.  I must tell myself to do it everyday. Inflexibility is the weakness to overcome cause I am quite extreme in time management. Hopefully I could do well.

Attitude decides it.

  In reality, many people have been misled by the medias in doing financial planning. Like newspaper medias, many of us have been taught to diversify our own financial wealth to avoid risk. Technically, diversification is the key to avoid risk, but not really works all the time especially for those who are the low-middle incomers.

  We must bear in mind that over-diversified could make your wealth to be over-separated, and it does lead to the real risk---unable to focus. If you cannot focus just because of diversification, that means the method or way is wrong enough to make you fail. No doubt, diversification is needed but not overdoing it. Some people are addicted to diversify it just afraid of risk, divide the income into 4 or 5 categories----share investment, unit trust or mutual fund, fixed deposit, property, and insurance.

  I don't really buy in this way because I would not do something too separately. Concentrate in one particular field first then only get into second field. This should be the correct way for the employed people. Bear in mind that, all is talking about the attitude. If you have wrong attitude when you are doing investment like expecting to earn huge money within few minutes by clicking few buttons, it could mass you up. Should we know that, everything is accumulated in investment, as well as financial wealth.

  Not more than that, do not afraid what are you doing now, if you do so then just give up of it.  Doing things fearfully could lead you to failure. Afraid of nothing should be the way.

  Remember, will controls mind,  mind controls attitude.
 

Giving up

  Recording expenses and controlling consumption became nothing after I decided to give up of doing these. Didn't I keep on mentioning that I wanted to change my financial attitude as I always saved nothing in the end of the month.
 
  About 1 week time, I have spent a lot money which was out of expectation. Like repairing bicycle, transferring of transcript, and printing...since I have less money to cover up, the mind of giving up has come out.

   No idea how to reconstruct my daily expenses. Increase income is the only way to work out this problem. It means I have to get a part-time job? it seems like not suitable for me as the degree course is ongoing with the coming tests and assignment due dates.

  There is one idea that I could come out with---investments. Yes, if I am unable to catch up a part-time job where should I spend time for it, investment no doubt, a really good idea for me to increase my passive income without affecting my study.

  Now the question is, where should I open my investment account?