FOLLOW YOUR INSTINCT TO GROW YOUR WEALTH

YOU NEED TO GROW YOUR MONEY TREES

If I give you a fish, you will eat for a day. If I teach you how to fish, you will eat for a lifetime.

Good evening fellow Toastmasters, ladies and gentlemen.

Today, I will teach you some financial principles which will allow you to profit handsomely from investments instruments. Hopefully, this will last you for a lifetime.

Listen carefully to these ugly but true financial facts.

Fact # 1. 99 % of US population is NOT part of the "Investing class." Who cares?

Fact # 2. For the 1st quarter of 2012 the average credit card debt for indebted households was $14,517. And it may continue to grow. Not a big deal.

Fact # 3. About 50 % of the retirees used up their EPF money in their first 10 years after their retirement. Scary? Right.

Now, you can't say that it does not matter anymore.

I like to share with you 3 powerful tips to better your wealth.

Warren Buffer's rule No 1. - "Do not save what is left after spending, but spend what is left after saving"

I, unknowingly, have been applying his financial wisdom since I was 14 years old. I earned my first interest INCOME from my saving accounts with BSN after I had learnt from my commerce teacher.

To further enhance my saving, I then keep on trimming down my daily expenses. Examples such as I prepared my own meal to school and walk to school instead of taking public bus.

My saving habit even spread to other areas of my life. Save Your Self Time, Energy, Money (SYSTEM) - I began doing almost everything at my record speed. Multitasking is also my Expertise. I then traded off my time saved for more money.

Now, I understand why Robert Kiyosaki pointed out the only difference between the poor and the rich is how they use their time.

Warrant’s Rule No 2. Invest money instead of spending it. I have applied this rule since 35 years ago.

Around the same time, I used my saving to acquire the most economical bicycle for myself. I bought the used bicycle frame and used wheels separately. All in, I only spent RM 15 for my first bicycle in 1975. With this, I tripled my sales income. WOW, say “not bad”.

To put it simply, I use money to make more money. Never spend money to improve your life style, but use it wisely to accumulate more wealth.

Warrant’s Rule 3 Invest in yourself. I began to apply it since 1978. I stopped my part-time business venture a few months before my MCE examination. With my MCE cert, I have increased my income more than triple compared to my last business profit. I then took my LCCI intermediate book keeping, on part-time basis, with intention to further enhance my monthly income easily more than double.

I then have a bigger dream. I keep investing in myself to ACQUIRE knowledge and skills to enhance my earning potential.

I did not realize that I have been subscribing to his rules wholeheartedly for the past 30 years.

Wealthy people invest in themselves. They enhanced their skills to make more money.

In this book "Why we want you to be multibillionaires" by Mr. Robert Koyasaki and Donald Trumph. ( show the book)

If you don't, you will become poor.

Here, it has clearly illustrated that not of the money and the luxurious lifestyle that make people wealthy. It is their mindset.

When your mind is weak, you see problem,

when your mind is balanced, you see challenge,

when your mind is strong, you see opportunity.

By now, I believe you know which choice to take for your betterment.

To know the road ahead, ask those who has returned back.