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Small sacrifices now, bigger bucks later

There’s no such thing as a shortcut to financial freedom. Otherwise, everyone will be a Dato’ Vida by now. 

Dato' Vida I am me gif

To gain something, you must be willing to let go of something else. So what are some of the short-term sacrifices you can make to reach financial independence sooner? Here are some you can consider.

Sacrifice 1: Time ⏰

Sacrificing time doesn’t mean that you MUST work extra hours or pick up multiple side hustles for more money. Of course, money is great and all, but we’re talking about giving up some of your leisure time to do something to help you sharpen your skills. πŸ”ͺ

Instead of binging on Vincenzo the entire weekend, if you’re a photographer, for example, maybe you can attend an editing software Masterclass. Many online platforms like Udemy, Coursera, and Domestika offer courses that can provide you with handy and useful knowledge that you can apply in your business and professional life. You just need to make time to attend these classes.Β 

P/S: For FREE online courses, you can also look at HRDF Corp’s e-Latih platform.Β 

Sacrifice 2: Spending πŸ’Έ

Comparing item prices, reconsidering your subscriptions, and choosing to rent a cheaper apartment are not exactly fun. We feel you. 

You may think, “Alah… it’s just RM35 per month for my Netflix subscription. It’s not that much pun.” 


You’re not wrong. It doesn’t look like that much at first glance, but when you multiply it by 12 months, that’s RM420. If you invest that same amount in a fund that gives you a 4% return like ASB, you could earn around RM436.80. It’s all about looking at it in the long run. When buying something, think, “Is this really something I need, or do I just want it?”

Kid sipping smoothies

Let’s not take this kid as our role model.

Sacrifice 3: Being a people pleaser 😁

Just because your friends ask you to go to a fancy high-tea, it doesn’t mean you have to do that. Your friendship should not be validated based on how much you’re willing to spend when you hang out with your pals. 

Just tell them nicely that you’re currently saving money, and you would love to lepak with them, but at a less costly place. Saying yes to everyone every time they make a request or invitation will lead to more requests and invitations because they assume that you’d never decline. 

It’s alright to spend a bit more on special occasions like anniversaries and birthdays. You just need to know what your priorities are.

Sacrifice 4: Looking rich πŸ€‘ 

Wanting to look good is fine. What’s bad is when you spend unnecessarily or above your means to look good. Popular scenarios in Malaysia would be someone buying a new iPhone every time Apple launches a new model or opting for a Honda City instead of Myvi because “foreign brands are better.” *welp*

Woman saying all her stuff are expensive gif

Brands aren’t the determiner of how good you’ll look. It’s how you carry yourself. You can buy something from a local brand and still look dope, and vice versa. Just look at this Gucci sweater. You can probably find something that looks the same at Petaling Street that doesn’t cost Β£1,615 (approx. RM 9375.14). This proves that money cannot buy taste.

Woman wearing a fancy Gucci sweater and a floral skirt
Gucci / Selfridges

Sacrifice 5: Pride 😀

Pride is a key to self-destruction. Proud people think they know everything, so they don’t need to listen to others. However, to achieve financial freedom, one must always be willing to learn from other people’s success and try to replicate that in their lives. If a method succeeds, there must be reasons for it.

Some people are too proud of admitting that they have made poor judgments in managing their money, so they continue investing in a tanking fund just to prove a point. We need to remember that failure is not the opposite of success; it’s a part of success. If you make a mistake in your financial journey, tak apa. *pats back* πŸ€—

Admitting fault gif

Take a step back to re-evaluate what could have been done better and learn from that. If you get stuck, don’t be ashamed to reach out to financial planners or AKPK to get their help. Pretty sure they don’t bite.

Sacrifice 6: Being in your comfort zone πŸ›Œ

You may be happy with saving your money in banks or fixed deposits because you know you’re not gonna lose money, and you’re okay with small returns. Nevertheless, you also must consider inflation that’s bound to happen in the future. 

If today you can get a bag of 10 kg rice for RM25, it’s not surprising if it goes up to RM40 or even more in the next 20 years. This is just one item. Should the price of everything else increase too, then the amount considered a lot now may have lesser value later. 

To beat inflation, we need to put our money in instruments that allow it to overcome the inflation rate. One of the best ways of doing this is by taking more risks when investing our money. You shouldn’t put all of your eggs in one basket, though. Diversifying your investment portfolio helps mitigate your potential loss, so be a little braver with them, okie? πŸ’ͺ🏼

Are you ready to make some sacrifices?

Sacrificing for the future is not about abandoning all the things that make you happy. You can still spend some time hanging out with your friends and choose to buy an expensive latte once in a while. The important thing is to know what your priorities are and making adjustments where needed. ❀️