As I write this, the price of oil has fallen so much that it is even cheaper than water. As of 1st Jan, the price of Ron 95 petrol was adjusted to RM1.91 per litre and it costs RM2 to buy a litre of mineral water.
Unfortunately, the price of our favourite food nasi lemak,laksa and teh tarik remains unchanged.
Coming in April 2015, Malaysia will implement the 6% GST despite a weak economy.
Falling oil price, rising household debt and rising inflation … the only thing not rising in and stagnant is our income.
It does look like the rich will get richer and the middle class will suffer the most and most Malaysians will become poorer.
What can we do about it?
Well, financial literacy is important to ensure that we invest wisely and grow our hard-earned money. One investment vehicle I find that is able to hedge against inflation is property. Not only does it offer capital appreciation, it is also able to provide monthly cashflow.
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