Last week,I had this urgency of calling my insurance agents to do a summery from my boys insurance policies,my utmost concern was to see how much "education fund" have me and my wifey accumulated for them thus far.
Why such an urge,you might ask? Let me share with you what prompted the rush........
You see I was having breakfast with a very dear friend of mine, he has got a son,who is currently waiting for his SPM,coming from a prestigious school,(the one that my lovely wife would send Marvell to next year).
One day,his son came back with some forms requiring my friend's signature,those were the forms that indicated that his boy 1)would not continue with his pre U (no matter how good his SPM result is) 2)his boy knows exactly what he wants to do (this is what I like the most) and 3)the boy has done enough research about his intended field
So his son wanted to study something to do with "computer animation" related and that is only one college in Penang that fulfills his boy's requirement and for a 3 years course,the fee is RM 70 thousand,excluding other charges such as exams fees and what not.
My good friend said he really had a shock at his son's stance in pursuing his dream and shock aside,he agreed that it was better than those who did not know what to do with their lives.So he told me,he too was trying to "find ways" to help his son's fulfill his DREAM.
So back to me now,I have really no ideas how much "education" costs or their chosen "education" would cost, assuming each of them requires RM100 thousand, I have two boys, that amounts to RM200 thousand must be ready when that time finally dawns.
But what if Marvell really wants to be a Medical Doctor, I heard it could well be over RM800 k, so how ? I really can hope and pray that the Almighty will show us the avenues
After tabulating all those "cash values" yielded from their policies..one side of me is happy (reason not to be disclosed) but the other side of me is rather sad cos I should have saved more for them, anyway I am thankful to God that we still manage.
Lesson learned,,1)it shall never to be too early to start saving for the children
2)even a little amount will add up in long term
3)we must believe that TIME really FLIES
4)priorities must be right
5)the magic of compounding interest is uncanny
Note : Have you got it prepared when all things failed?
P/S : Every drop makes an ocen