MY PERSPECTIVE ON HOW TO HANDLE GLOBAL RECESSION

Very welcome to money telling blog,

Globally, everywhere is flooded with all the bad news, according to the most of the newspapers, magazines and almost all the media. Therefore, it is hard not to be affected by this news one way or the other. How we are going to deal with it? Here, you may want to share some of your success stories here. Please be reminded that you are always more than welcome to communicate with us. As we have stated before and do not mind to repeat that it is always our intention to make this uplifting blog as a platform to engage with our readers and visitors.

Before I proceed further, I like to share with you the old joke about hard times, which some of you may have heard. It began like this - when your friends are unemployed, it is recession. When you are unemployed, it is depression. Well, you have a choice, either to believe it or reject it.

However it is sad to see people normally get stuck in their beliefs about economy. The issue here is if we worry that there will be inflation or deflation, our attitudes will somewhat cause us to have difficulty because of recession or inflation. Hence, lots of energies are not only wasted, but it may even affect your health. Ask those who had gone through recession or deflation or inflation, how they overcame these? Perhaps some of you like to say something on this.

We must say here - no matter how tough things get, you just can't let them get to you. Be mindful that tough times never last, but tough people do. We hope you get what we mean here. You may click the link below to read our preceding article on this.

Please be reminded that you have got to program yourself to keep expecting and generating boom times. If you keep this healthy attitude, you will soon be booming. We know you may want to tell us that it is not easy, which we do agree with you. However, we must be aware that our minds and imaginations can help us to ride out, to rise above and even prosper in times of both recession and inflation. Trust us, this is not what we said only, but it is a well accepted proven recipe by all the world class motivation gurus. Moreover, it is also accepted truth that our minds cannot differentiate between real and unreal.

One good example is that Delta Airlines doubled the number of airplanes they owned during recession. They told their employees, "We're going to keep all of you working.” The employees were so thankful they helped Delta pay for the planes! Similarly, the word 'Crisis' is well reflected in the Chinese character as opportunity or threat, depending on its beholders.

Therefore, it is safe to say that hard times are just nothing more than a state of mind. Change your state of mind and it will change everything you see. Once you do so, you can change the quality of your life, no matter what happens to the economy.

So, we shall throw the ball to your court and let you give the above discussion a deep thought. Please let us have your feedback thereafter. Choice is yours and we share with you in the hope that you are in a way prepared for this, you will then ride the wave of the tide as it comes.

We have done everything possible to lift you up and if anything else you can think of, please do let us know. As you are well aware the purpose of this blog is always explore the best possible mean to lift our readers up in whatsoever situation they are caught in.

Please do help us to achieve our objectives. Let the logo below shine on us so that we all stay shining at all seasons, like the sun.

Thanks and do stay on reading the articles which are in the pipeline so as to further strengthen us together to face the greater challenge in the near future.

Seeing you again.


James Oh

MISS BUS STOP CONTEST

Very welcome to this Money Telling Stories Blog,


Life is full of fun and excitement and it can happen everywhere and anywhere. The question is whether you realise it or not.


Congratulation to those who agree with this statement because you truly enjoy the beauty of this world. For those have not, please continue to read this article. Give us a chance to transform you so that you too be able to align your view into this direction.


Today, we decided to call for a MISS BUS STOP contest here. We run this contest with the intention to let our readers be a judge and choose the most beautiful bus stop in the world. Secondly, to give valuable feedback to the service providers to upgrade it to the readers' expectation. Thirdly to treat BUS STOP as more than part of their service, but also as a decoration for the public's viewing, or to reflect our ARTS & CULTURE into our society as a whole.


IN OTHER WORDS MAKE OUR CITY AS PART OF OUR ARTS AND CULTURE - A LEGACY OF OUR VALUES.


Before we proceed further, we like to hear from you your view on BUS STOPS. As far as I am concerned, I used to take bus and train to and from my office when I was working in Singapore. Surprisingly I enjoy the journey very much because I have more opportunities to talk with strangers and share our experiences. I am very fortunate and at times people just give me coins when I run short off of small change during the rush hour especially at MRT station. All these sweet and wonderful experience always registered in my mind as how wonderful human beings are despite I being a foreigner in their country.


Here, may I present you the participants from various countries all over the world. PLEASE SEND US YOUR REPRESENTATIVE IF YOU HAVE ANY IN MIND AND I HAD NOT INCLUDED IN THE CONTEST YET. PLEASE SEND US THE APPROPRIATE FORMAT SO THAT WE CAN ATTACH IT IN OUR BLOGS.


Please welcome the first 9 representatives as follow:-


1. Miss California
2. Miss England
3. Miss Japan
4. Miss Russia
5. Miss France
6. Miss Finland
7. Miss Holland
8. Miss Dubai
9. Miss Italy

California

 


England

Japan

Russia
 

France

Finland

 


Holland

Dubai - Air Condition

Italy

Please send in your candidate via comment column provided below SOONEST POSSIBLE. So, please give your votes to the candidates accordingly to the preference of your choices, No. 1 to 9. Each reader has THREE votes ACCORDING TO YOUR ORDER OF PREFERENCE and you may direct your circle of friends to give vote to your selected candidates.

The next question arises in the event of stalemate situation. How should we resolve it ? Please forward your views. To kick start this discussion, I suggest that we have extra time, extend 3 more days from its official closing time till 11.11.2011 Malaysian time.

Thank you and please vote now and get your supporters to join in. The winners for all best three candidates, ( same order) will be given the best gifts, announced from time to time, from sponsors of this competition. 

THE DECISION IS FINAL ONCE THE ANNOUNCEMENT IS MADE VIA THIS BLOG. 

We at LIFT YOU UP, decided to give away a book, with our Founder cum CEO's signature, "THE MAGIC OF THINKING BIG" by DAVID J. SCHWARTZ , Ph. D.

To apprehend the value of his signature, please read the link below:-

http://liftyouup.blogspot.com/2011/09/underlying-story-behind-my-signature.html





ALL PRIZES SHALL BE ANNOUNCED IN THIS POST. SO, WE SUGGEST THAT YOU EARMARK THIS PAGE SO AS TO BE UPDATED WITH THE LATEST DEVELOPMENT. ALL THESE PRIZES WILL EVENTUALLY BE DISTRIBUTED OUT BASED ON THE VOTES CLOSEST TO THE WINNER OF THE TOP THREE CANDIDATES.


To our success,


Your Chief Servant


James Oh

http://liftyouup.blogspot.com


To read other related articles, please go to Topic and select Relationship. Thanks and happy reading.

SUCCESS IS SO PREDICTABLE

Very warm welcome to this uplifting blog,

Today, we decided to write an article on Success, which we believe it is a well sought after topic. The title of this article may cause confusion to some of you. But sit back and relax. Continue to read it especially those who disagree with it.

If you find the title is accurate, congratulations to you and you are on your way there. Some may wonder why I say so, yet so few really attain it. This is because you need to acquire the skill to see the invisible, so to speak. I am not here to confuse you, but to share with you with  the intention to make you better and stronger.

To make thing clear, firstly we need to clearly understand its precise definition of SUCCESS.

DEFINITION OF SUCCESS

From Wikipedia, the free encyclopedia

Success might mean, but is not limited to:

- a level of Social Status

- achievement of an objective/ goal

- the opposite of failure

To me, Success is a journey (means) rather than destination (end).  REAL Success is unstoppable and involves the process of progressive realisation of our Ultimate Goal. This ultimate goal is closely tied with the purpose of our life. Here, we must be able to distinguish 2 type of success - temporary and perpetual in nature. Therefore, it involves three type of learning processes namely -learning, unlearning and relearning; regardless whether knowingly or unknowingly.

It is equally true to say that it is very subjective in nature and only you will know whether you are heading towards/ departure from your ultimate goal. Sad to say that often we are so indulge in our daily challenges that frequently cause us to distract our minds from staying focus on our goals, but on the obstacles instead. In short, stay focus on your goal, SUCCESS is yours. Similarly, stay focus on Obstacles, WORRY is yours.

To achieve your goal, the top most important intellectual faculties you need to use are visualisation and will. Napoleon Hill in his famous book; Think and Grow Rich; says that anything your mind can conceive and believe, you can achieve. So, everything around us was once a picture in someone's mind. In short, everything and anything is actually created twice:- first in our mind before its physical or intangible forms.

VISUALISATION POWER

To illustrate the power of visualisation; an very excellent example to cite is of those fantastic inventions throughout mankind history such as telephone, radio, television, computer and millions more. Unfortunately, not many people are using this powerful tool to work toward achieving their Success. That's the underlying cause that a small fraction of people achieve Success.

LIMITED BELIEF

Many of us are paralysed by "limited belief", as a result of the process of conditioning from a very young age, by this tyranny. To achieve this Success, you must do yourself a great favour to embrace unlimited belief. Read more at the link below:-

RECONDITIONING 

To break away from the limited belief, you need to recondition yourself with unlimited belief, as a way to unlearn what you have learned and relearn what unlimited belief all about. Through time and persistence, you will be able to allow this new belief penetrate into your mindset, just exactly like the sea waves consistently hitting rocks at the beach till the rocks give in eventually.

TO KEEP UP WITH YOUR GOAL

PLEASE READ MY PRECEDING ARTICLE ON HOW TO KEEP UP WITH GOAL.

Before I end my discussion, I like to make you aware that you must rely on all the six intellectual faculties: memory, perception, imagination, reason, intuition, and will; you have in order to get most from your life especially if you truly want to change your results and achieve real success. Thus, you then have to begin by internalising your desires and bring your dreams(Success/Goal) into reality.

This is not something new, but it is a proven Success recipe where its pattern is not normal to the sight of the ordinary people. However, it is very logical to the Successful people as they know that to achieve something extraordinary, you need to prescribe not the normal path as the saying " To know the path ahead, you need to ask those who returned."

Now, I believe that I have done every possible means to share with you the path I have taken that brings me the outcome I wanted. I do it to repay back those who have shown me the right way to crawl out from my dark world. Today, it is my turn to do the same to others who may be caught in the similar situation, like I was and do not know the way out.

If you find this article helpful, please direct your circle of friends to this blog so that they will benefit and most important to us is that they are eventually lifted up as the theme of this blog suggests.

Thanks and looking forward to seeing you again,

James Oh

Skype me at james.oh18

CREATIVE TEACHING

To know more about this international speaker, please click the link at your website.

http://www.creativewizard.com.my


Please stay tuned and our James Oh will tell you more about this world class trainer.



Look forward to seeing you again,


James Ohhttp://www.creativewizard.com.my/

TAX RELIEF FOR COMPUTER

Very warm welcome to money tells stories blog,

As usual, I received all sorts of mails both locally and internationally daily and I will read through them and respond to them accordingly. In regard to the mail below, I write to the draw the attention of INDIVIDUAL MALAYSIAN TAX PAYERS in regard to APPLE iPad. 

APPEND BELOW PLEASE FIND SELF EXPLANTORY NOTES FROM a writer IN REGARDS TO THE APPLE IPAD FOR YOUR REFERENCE AND ACTION, IF APPLICABLE.

Apple iPad is entitled to LHDN personal income tax relief but not Samsung Galaxy Tab 1digg In reference to Paragraph 46(1)(j) of Malaysian Income Tax Act 1967, an amount limited to a maximum of RM3,000 is deductible in respect of the purchase of non-business use personal computer for individual tax payer. This deduction is allowed once in 3 years, but no deduction will be granted if the computer is used for business purpose. Now, the question: are tablet computers such as Apple iPad, Samsung Galaxy Tab, Viewsonic ViewPad 7, Toshiba Folio 100, CSL Spice Mi700 DroidPad, Blackberry Playbook, ZTE V9, etc. entitled for this personal income tax relief?   I have asked this question to LHDN, and the official answer is: if the tablet computer only have computer features and is for home and family use only, then it will be treated as "computer" and is entitled to the personal income tax relief of up to RM3,000, claimable once in 3 years.   This will be the case for Apple iPad, Toshiba Folio 100 and Blackberry Playbook. Let's say you purchased an Apple iPad 64GB with Wifi+3G at the price of RM2,599 in year 2010, and your tax rate is 24%, when you file your 2010 personal income tax now, you can claim back RM2,599 tax relief, which is equivalent to a saving of RM623.76 in your income tax. (If you have any family member or friend or colleague who purchased Apple iPad recently, please forward this good news to them using the "Share" button below.)   However, if the tablet computers also have hand phone features in addition to computer features, which mean you can make phone calls and also send SMS/MMS using the telco service with the tablet, then it will be treated as a "phone" and is not entitled to personal income tax relief. This is the case for Samsung Galaxy Tab, Viewsonic ViewPad 7, CSL Spice Mi700 DroidPad, ZTE V9, etc. Bad news.   If you need to verify this information, can make a call to LHDN at 1300-88-3010 or email to callcentre@hasil.gov.my.

AS FAR AS I AM (FREELANCE QUALIFIED ACCOUNTANT) CONCERNED, THE ACT IS APPLICABLE TO PURCHASING OF NON-BUSINESS USE COMPUTER. HERE, THE ISSUE IS CENTRAL ON THE DEFINITION OF NON BUSINESS USE COMPUTER.

Generally, the law on these fast changing technological devices is still far behind time. As such, it is very likely subject to various interpretations on the terminology and common understanding of its term, for this case is non business computer. Since the purpose of this piece of legislation is silent, therefore it is opens to more floodgates.

Thus, you may try your luck because the term is very wisely and loosely used in our society as a whole.

However, thanks should be given to the author, who has to certain extent taken initiatives to check with IRD for some clarification. To answer his call, I decided to blog it out so as more people can reap its benefits from what he sowed.

Please direct your circle of friends should you find this blog useful, so that others can also reap the values we intended for this blog. Thank you in advance.

Before we ended, kindly revert to us, via comment provided below, should you encounter such similar incidents. Please do brief us of your case and its outcome, regardless if it is the same / different consequence from what we have blogged out from time to time.

Thank you and looking forward to hearing from you,

James Oh

PROFILE OF OUR FOUNDER CUM GROUP CEO

 

 

 

MR. JAMES OH had served as Financial Controller of publicly listed companies, both locally and in Singapore. He has broad exposure and experience in Finance, Treasury, Accounting, Secretarial, Legal and Corporate Finance. He had worked with numerous companies such as IJM Bhd., Hong Leong Group Bhd., Transmile Group Bhd. and Scorpio East Holdings Ltd.

He is an avid reader of the Bible, Management, Economics, History, Finance, Law and Political books and he brings a unique perspective and style to his writings and talks. He has the remarkable ability to capture and hold audience attention with combination of stories, examples, humor and concrete, practical ideas that deliver results. He intends to become one of the leading authorities on the development of human potential and personal effectiveness. He is an energised person with a wonderful ability to inspire readers of his blogs toward peak performance and high levels of achievement.

 

He is currently working in various capacities such as Freelance Accountant, Technoprenuer, Socialprenuer, Environmentalist, Trainer and Articles Writer.  

He obtained a Bachelor of Laws (Hons.) degree from the University of London in 2003 and a Bachelor of Accounting (Hons.) degree from the National University of
Malaysia in 1987. He became a registered professional Accountant in 1991 and he was accepted as a Full Member of Singapore Institute of Directors in 2008.

James Oh

EPICURE MALAYSIA 2011

Very welcome to this money tells story's blog,



We are pleased to inform you that Epicure Malaysia 2011 will be held at Sime Darby Convention Centre, 16 -18 September 2011. It will be officially opened by the KL Mayor Tan Sri Ahmad Faud Ismail, on 3:00 pm Friday 16, September 2011.


Come to the Fair!


Your opportunity to catch up on the world’s latest tastes, creations and ideas in a whole wide range of lifestyle products and services, from gourmet foods, fine wines and cigars to home décor, appointments and appliances, to health and wellness, fitness and spa.


Admission is free, and so are the many samples of fine wines, spirits, cheeses, gourmet chocolates, and an abundance of other mouth-watering delicacies.

Plus, you'll find lots of great deals and offers ranging from gourmet foods, household items and premium lifestyle products from all corners of the globe.


Bring the whole family - after all, there's literally something for everyone: a whole host of exhibits, informative workshops, exciting stage shows, amazing lucky draws, dips and discounts!


So don't miss out - make a date now to be at the Fair on Friday 16th, Saturday 17th and Sunday 18th of September, at the Sime Darby Convention Centre. Remember, admission is free, parking is free, and access is easy, wherever you live in KL. Come along and enjoy the finer things in life - you're worth it!



In conjunction with this event, our founder, James Oh, will give a PREVIEW on Blogging for Pleasure and Profit on Sunday, Sep 18, 2011. Time 3:00 - 4:30 pm at Rafflesia 2.


To read more information, please click at the following link:-


http://www.epicure.com.my/workshops-1809.php



Look forward to seeing you there.

Your continuously support is very much appreciated.






James Oh


019-2133728


http://www.epicure.com.my/workshops-1809.php

A GOOD LESSON TO BE LEARNT FROM TRANSMILE GROUP BHD

Very warm welcome to this money telling blog,



This is an update from my preceding article on Transmile Group Berhad, which was made many months ago. You may refresh yourself by clicking the link below.



http://liftyouup.blogspot.com/2010/05/transmile-group-typical-case-of-not.html


We, at this blog, write to express our deepest disappointment with its latest news that Transmile Group Berhad has been delisted from the KLSE couple of months ago. Very unfortunate for me that my offer to work with them to turn around the company, made in the preceding two Annual General Meetings (AGM) ago, was declined by the existing Chief Eexecutive Officer (CEO). I recalled vividly that at that AGM, they not even put this main program of turning around the company in their agenda and that annoyed me. When I raised this issue at that time, they answered me politely that the CEO will answer my question privately after the AGM. This raised my doubts and wondered why they are so secretive.


Sidelining the main issue in the Agenda, may be due to their misplaced importance or other reason best known to them. If it is in the former case, then they should express their interest and relook at this key issue. To save their faces, they made an empty promise to answer me after the meeting privately, which never took place. Not to my surprise that they even declined my offer and were not even willing to listen to it.


As a result, it raised my doubts at that time that they intended to turn the company around, from the way they present the case to the company shareholders. That’s drove me to write and blog the article subsequently. As far as I am concern, I have tried every possible means to work with them with the hope of turning it around, which I believe it is possible. I remembered vividly that I even contacted them through phone calls after failing to hear any reply from them despite the fact that I have left my call cards with them much earlier. At that time, what struck my mind is that they might feel shame to contact me. Unfortunately my efforts were in vain. Not matter of what’s the outcome of it, I still wish them all the best and hope for the best from them.


Despite all the above had taken place, today’s outcome turn out to be in favour of my initial prediction. After I discovered that the Company had even failed to forward its financial regularisation plan to the Authorities which led them to make a painful decision to delist it from the KLSE, I was deeply hurt in my heart. No doubt, this has proven me right. But what is the point that I can’t even help them to save the company, which I have a small share in it.

Their regrettable attitude of refusing to seek appropriate help and pretending to know everything had misled the investors that they had really put their interest in the first place, that is my personal view.

Here, I felt deeply disappointed with this unfortunate outcome, which could have been avoided. Surprising to me that the Chief Financial Officer (CFO) even reassured us that there is no adverse financial impact as a result of the above decision of delisting its status from the KLSE, when one of the investors seek her clarification to her statement. I, at that time, sat silently and chose not to waste my efforts to participate in this unfruitful discussion, knowing the fact that they are not listening at all. Furthermore, the majority of the investors are in favour of the management. My contentious point here is that how could they derived their conclusion that there is no worth to its listing status. Hence, I decided to not to comment further, but with felt great disappointment silently and hope they stay awake.


To me, what is the most critical point here is to ensure the company expands its wings further so as to keep its staff and make the country’s economy prosper. With it being delisted, to make access to the public funds is no longer feasible, provided it makes a return into any Stock Exchange worldwide.


And last but least I hope they too learn from this expensive lesson, not to miss the big picture, and keep working smart and put their best efforts again to strengthen its financial footing, as expected by all investors of the Company. In this regard, I sincerely urge them to prove me wrong so as to revive the company. It is never my intention of having them to prove me right in the first place. Another great weakness I noted is in regard of lacking of confidence and belief, which needs to be eliminated from its key management teams should it seek to succeed.

Thanks and hope this serve as a good lesson for us.

 James Oh