Wednesday, 31 October 2012

3 C's IN WEALTH CREATION

 
THESE 3C's ARE ALSO APPLIED TO WEALTH CREATION.
TO BE WEALTHY, IS YOUR CHOICE.
THEN YOU HAVE TO TAKE CHANCE TO MAKE IT HAPPENS.
 
CHANGE IT OR APPROACH
IF IT DOES NOT GIVE YOU THE RESULT YOU DESIRED FOR.
 
 

Tuesday, 30 October 2012

SUCCESS FORMULA



THE DREAM HERE IS REFERS TO THE DREAM THAT KEEPS YOU AWAKE.

FOLLOWED BY ACTION AND TANGIBLE TOOLS TO MAKE YOUR DREAM REAL.

IT IS AN INSIDE OUT PROCESS,

IN OTHER WORDS, IT IS ALSO KNOWN AS KNOWING DOING GAP STRATEGIES.

TO KNOW MORE, STAY TUNED AND WE SHALL POST MORE ABOUT IT AT OUR LATER POSTS.

Monday, 29 October 2012

STRONG MIND TO SEE OPPORTUNITY



"WEALTH IS NOT A MATERAIL GAIN, BUT A STATE OF MIND." JERRY GILLIES - THE AUTHOR THE BESTSELLING MONEYLOVE.

WHEN YOUR MIND IS WEAK, YOU SEE PROBLEM
WHEN YOUR MIND IS BALANCED, YOU SEE CHALLENGE
WHEN YOUR MIND IS STRONG, YOU SEE THE OPPORTUNITY

YOU WILL EVEN ABLE TO TURN ADVERSITY INTO OPPORTUNITY.
THIS IS A TURN,
NOT AN END.

Sunday, 28 October 2012

WHICH COLLEGES HELP GRADS SNARE TOP SALARIES

Which Colleges Help Grads Snare Top Salaries?

In an era of dubious economic milestones, it was yet another lowlight. This spring, according to the Federal Reserve Bank of New York, Americans’ total student-loan debt ballooned to more than $900 billion — higher than their total credit-card debt. And no wonder the debt is piling up: Over the past two decades, the price of tuition has risen 20 times as fast as the average college grad’s wages.
Statistics like these help to flesh out a now-familiar message: The cost of college has escalated from unsettling to obscene. College administrators say that the soaring price tags reflect the rising costs of their own biggest expenses — faculty salaries and state-of-the-art dorms and facilities.
See: Complete college rankings by graduates’ salaries (PDF).
But even insiders acknowledge that it can all become a burden. At Ivy League stalwart Cornell University, for example, four years of full-price tuition and fees approaches $250,000. Faced with a choice between borrowing that much to go to that upstate New York Ivy or pursuing a more affordable education somewhere else, should an applicant really opt for the six-figure debt load? Says Thomas Keane, the school’s director of financial aid: “Please, don’t.”
Still, families may not mind shelling out such big bucks if the investment pays for itself, and then some, in higher compensation down the road. To help readers make that kind of calculation, SmartMoney offers its annual college survey, a bottom-line approach to the academic experience that doesn’t mind imitating the rude uncle at your family reunion — the one who insists on asking everybody what their salary is. And unlike many of the best-known college rankings, it’s a contest where the winners don’t always hail from the usual tiny pool of top names.
With help from PayScale, a Seattle-based compensation-data company that maintains 35 million salary profiles, we collected median pay figures for two pools of each school’s alums: recent grads (out of school for an average of three years) and midcareer types (an average of 15 years out). For each group, we divided the median alumnus or alumna salary by tuition and fees (assuming they paid full price at then-current rates), averaged the results and, finally, converted that result to a percentage figure. The outcome: a measure of return on investment that we’ve dubbed the Payback Score. For example, a hypothetical alum who spent $100,000 to attend college and now earns $150,000 a year would have a personal score of 150. Just as with the SATs, the higher the score, the better.
It’s admittedly a narrowly targeted formula. It doesn’t include, for example, financial aid, even as many schools are increasing it — under pressure from cash-strapped families’ cries of No más. And the value of an education, of course, can’t be measured merely in dollars and cents. But at a time when the average college grad is entering the workforce with $25,250 in debt, it’s the kind of calculation that financial advisers say more families are paying attention to.

Public schools
  • Average Payback Score: 134
  • Average salary for recent grads: $47,790
  • Average salary for midcareer grads: $87,257
Among many folks who fixate on big-name northeastern liberal-arts schools, the Georgia Institute of Technology flies under the reputational radar. Even its president, G.P. Peterson, goes by the unassuming, guy-next-door nickname of “Bud.” But based on our Payback Score, the school deserves a higher profile — and some bragging rights. After all, it’s offering the best academic deal in America.
Recent Georgia Tech grads earn $59,000, or a stellar 67% of what they paid in tuition. Grads in their 30s average $102,000 a year, more than three times their 1990s tuition tab. Peterson says those imposing scores are no accident. Virtually all of Georgia Tech’s students are focused on science-oriented disciplines, including engineering and computer and software design. Those, of course, are the kinds of fields where the prospects and opportunities have remained strong even in this shaky economy. And then there’s the school’s status as a public university, which gives it access to taxpayer funds that have subsidized the cost of attendance, especially for in-state students. “We’re in a fortunate position,” says Peterson.
All of Georgia Tech’s neighbors at the top of the heap are also public universities; indeed, state schools have historically dominated our Payback Scorecard, and this year, they hold the top 17 slots. At midcareer, our public school graduates earn less in absolute dollars than their private-college counterparts, but as a proportion of their tuition, they’re pulling down 58% more than Ivy grads, and 85% more than alumni of non-Ivy private schools. For many middle- and upper-middle income families, that translates into a lighter economic burden — all the more important in an economy where salaries for college grads overall have been stagnant.
Kent Chen of Los Angeles chose the University of California, Berkeley, over a top private school this spring after his family confronted the price gap between the two — more than $27,000 a year. Paying higher tuition seems like too great a risk, says Kent’s mother, Yvonne, the chief financial officer at a community bank in Los Angeles, who notes that college in general is an economic gamble these days: “There’s a lot of kids graduating right now that can’t find good jobs.”
There’s no guarantee that the Payback math will keep favoring the public colleges in years to come. Many states, coping with budget deficits, have been cutting aid to these institutions, and the schools have had to hike tuition to compensate: Nationwide, public-college tuition for residents is up 120% in the past 10 years. As a result, says Lynn O’Shaughnessy, author of “The College Solution,” the assumption that state schools are still always cheaper is “just not true.”

At the University of Michigan, one of the lowest-ranking public schools in our Payback survey, out-of-state tuition now tops $30,000 a year, and financial aid is virtually out of the question for nonresidents. The university explains why: The per-student allocation from the state has shrunk by more than 50% over the past decade. And even our overall winner is coping with the new reality: At Georgia Tech, out-of-state students now pay almost three times as much as they would have a decade ago. But there’s a payoff, notes Peterson: 67% of the class of 2012 had jobs lined up by graduation weekend, up from 53% for the class of 2010.

Non-Ivy private colleges
  • Average Payback Score: 75
  • Average salary for recent grads: $46,024
  • Average salary for midcareer grads: $91,019
“Our degrees have the same workplace clout — at twice the price!” No admissions officer in their right mind would put that on a recruitment brochure, but that’s the picture that emerges when you compare non-Ivy private schools and public schools on our Payback Scorecard. By their mid-30s, alumni of the 21 private liberal-arts schools we surveyed are pulling down only about 4% more than their public school peers, despite having spent almost twice as much on tuition (assuming they paid the sticker price). At five of those schools, recent grads earned less than $43,100, the national average for all recently graduated bachelor’s degree holders.
School administrators and employment experts say this gap reflects the less-competitive compensation in liberal-arts-oriented careers like education, the arts and public policy. That’s not a gap that’s likely to go away: Between now and 2020, the Bureau of Labor Statistics expects annual growth of 3% or better in jobs in health care, software, and computer design, but much slower job growth in “softer” humanities-oriented fields like education and government. (Not to mention a steady decline in, gulp, publishing jobs.) Perhaps not surprisingly, our survey’s top-finishing non-Ivy private school, Carnegie Mellon — whose recent grads pull in almost $60,000 a year — is the Georgia Tech of that world, strongly oriented toward engineering and computer science.
Jim McKean, a consultant for Indianapolis coaching firm Career Investments, says that, in some ways, even less technical professions are becoming less receptive to liberal-arts grads: With budgets tight, many companies have eliminated the development programs that used to give basket-weaving types a year or two of apprenticeship in the business world. “They’ve taken their foot off the accelerator,” McKean says.
School officials say they’re aware that they’re not perfectly in step with the iPad workplace. Administrators at Sarah Lawrence, for one, say they recognize that they need to play a role in helping students get jobs, and they plan to launch a new Career Invention center in the coming year to teach students about starting their own businesses (more than 25% of their alums go on “to be developers of small businesses and innovators,” says Tom Blum, the college’s vice president for administration).
Some of the richer schools are taking a different tack, tapping their endowments to give big aid packages to new students. And some, like Vassar’s president Catharine Hill, point out that the economy won’t be depressed forever, and a liberal-arts education creates well-rounded employees able to deploy a variety of skills, like critical thinking and writing. “We are equipping them to lead interesting, satisfying lives when they leave us,” she says.

For the many students who get less aid, or none, there’s also a potential consolation prize. Top-tier private schools pride themselves on how well they prepare their students for graduate school. According to PayScale, midcareer graduates of all the private schools on our list were much more likely than the average bachelor’s degree holder to have earned a graduate degree; and nationwide, advanced degree holders earn 28% more than the bachelor’s-only crowd. Of course, there’s one big caveat: Getting more schooling often means paying even more tuition.

The Ivy League
  • Average Payback Score: 88
  • Average salary for recent grads: $53,750
  • Average salary for midcareer grads: $110,250
At least at first glance, the stereotypical connection between an Ivy League degree and a gold-plated salary appears to hold water. Three years out of college, Ivy grads are earning around 9% more per year than their peers from other private schools. By their mid-30s, that gap has inched up to 14%. And Ivy League alumni are two to four times as likely as the average college graduate to go on and earn an advanced degree — along with the higher compensation that comes with it.

But where the Payback Score is concerned, the Ivy story isn’t so great. Four years of tuition and fees now total around $140,000, and a recent Ivy grad’s average compensation — $53,750 a year — represents 39% of his or her education’s cost. Public school grads take home about $6,000 less annually, but they earn 52% of their tuition. At 15 years, the Payback Ratio is 137% for the Ivies, versus 216% for state school kids.

In an economic climate where job prospects are less certain than ever, it’s the kind of stat that can give parents and kids pause about whether the best schools are worth the price. Lesley Mitler, founder of the New York City coaching firm Priority Candidates which works exclusively with college students and recent graduates, says the numbers in part reflect the fact that Ivies don’t always do any better than other colleges in preparing their students for the working world. Without a track record of strong academic performance, internships and leadership positions, “you’ll often have as much trouble as everyone else getting a job, even if you went to an Ivy League school,” says Mitler.
Still, the salary numbers don’t reflect some of the biggest advantages of an Ivy League education — including the network of alumni in leadership positions in almost every industry, says Nick Corcodilos, an executive recruiter in Lebanon, N.J., and host of Asktheheadhunter.com. “Ivy League schools in general tend to be better at promoting networking and connections to alumni,” he says.
Some Ivies have made efforts recently to leverage their large endowments (around $90 billion, collectively) to cut tuition costs. In 2001, 45% of Princeton’s seniors graduated with debt, averaging $15,000 per borrower. Since then, the school has broadened a no-loan program for upper-middle-income families; today, only 25% of outgoing seniors have debt, averaging $5,000.

Even at the most generous Ivies, of course, about 40% of students get no aid at all. Rachel Durrwachter of Herndon, Va., got into Cornell this spring, but the school offered no financial assistance. So instead, Rachel is attending the College of William & Mary, an in-state public university. Keane, the Cornell aid officer, notes that the school has a larger student body than any of the other Ivies, and that its endowment is relatively small; so in practice, he says, the school has had to be more selective about aid “since the economy tanked.”

As for Rachel, she says she’s glad she’ll be free to explore majors with less pressure to haul in a huge salary, especially since she wants to earn degrees beyond a bachelor’s. Her father, Michael, a sales director in the telecom equipment industry, has perhaps the most hard-nosed take: “It didn’t make sense to take on a ton of debt just for an undergrad degree.”

 

Saturday, 27 October 2012

TO FISH OR NOT TO FISH


TO FISH OR NOT TO FISH

 
If I give you a fish, it will last you for only a meal. But if I teach you how to fish, you will have as many fishes for the rest of your life. Who does not want to learn how to fish?. Fantastic, Thank you.


Fellow Toastmasters, Ladies and Gentlemen,

These are the three (3) true but ugly financial facts of life.

Fact # 1. Only 1 out of 100 American does investing. You may probably say who cares about the Americans.

Fact # 2. In 2011, the Federation Of Malaysian Consumers Association (FOMCA) reported that 72 out of 100 young adults have no retirement plan. Some of you may say "Not a big deal."

Fact # 3. About 1 out of 2 Malaysian retirees used up their entire EPF money in their first 10 years after their retirement. Scary? Right.

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

I like to share with you some financial tips which will help you to grow your wealth steadily to a new record level which I hope will last you for the rest of your life.

Do you know who Warren Buffet is? He is probably the most successful investor of the 20th century.

 
Buffet'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 the Bank Simpanan Nasional after I had learnt the time value of money from my commerce teacher at school.

 

My saving habit then spread to other areas of my life. My mantra: Save Your Self Time, Energy, Money (SYSTEM) was developed when I began doing almost everything at my record speed.

 

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

 

Buffet’s Rule No 2. – “Invest money instead of spending it.

In 1975, I used my savings to acquire my first and the most economical bicycle to enhance my Earning. I tripled my sales income with it by covering much bigger areas at much faster speed than relying on public buses. "WOW! That’s not bad”.

 

To put it simply, you need to use money and time to make more money.

With the current high inflationary regime, you need to invest wisely to generate a Return higher than the inflation rate in order to grow your wealth.

 

Buffet’s Rule 3. - Invest in yourself.

I have applied this rule since 1979. I terminated my part-time sales business to concentrate on my studies. With my MCE certificate, I tripled my monthly income compared to my last business profit

Since then, I kept on investing in myself by upgrading and enhancing my knowledge and skills. Putting Knowledge into action is Power - I have been subscribing to the above three (3) rules wholeheartedly over 30 years.

As a result, I have been receiving rental, dividend income and trading profits from my investment from my investments in properties and shares over 15 years.

This is my secret of keeping my wealth figure SEXY:- Huge in income; Small with daily non investment expenses; Big in Net worth.

To elevate yourself to the next higher level, you need to learn, unlearn and relearn. Through this process, you will slowly but surely go far beyond your limitation.

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

 

Robert Kiyosaki and Donald Trumph co-wrote the book, "Why we want you to be multibillionaires" ( show the book)

In their book, they said if you don't become rich, you will become poor.

Wealth is the state of your mind.

When your mind is weak, you see problem,

when your mind is balanced, you see challenge,

when your mind is strong, you see opportunity.

 

With an appropriate mindset, knowledge and skills, I am now more comfortable to add much higher risk’s investments into my portfolio so as to gain much handsome profit than before.

Fishing is a skill, just like Public Speaking. Treat the above tips as your Fishing Competence Manual. Leaders are made, so are Fishermen.





Friday, 26 October 2012

HOW TO RECYCLE THE USED BULB



TO READ OTHER GREEN RELATED ISSUE, PLEASE CLICK THE LINK BELOW:-


Sunday, 21 October 2012

TO FISH OR NOT TO FISH


TO FISH OR NOT TO FISH
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.
I share with you some financial tips with the hope that it will help you to grow your wealth steadily to a new record level that will last you for a lifetime.

Listen carefully to these ugly but true financial facts.
Fact # 1. 99 out of 100 of American 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 5 out of 10 Malaysian retirees used up their EPF money in their first 10 years after their retirement.

Can your wealth last for your lifetime with a longer life span due to advancement in Science and Technology?

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 around that time.


To enhance my savings further, I have been trimming down my daily expenses. Examples such as prepared my own meal to school and walk to school instead of taking public bus.

My savings habit spread to my other areas of life. Save Your Self Time, Energy, Money (SYSTEM)was developed when I began doing almost everything at my record speed. That is the secret of keeping my Sexy wealth figure. Big in income; Small with daily expenses; Huge in Net worth. Multitasking is also my Expertise, which empowered me to trade 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.

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

In 1976, I used my savings to acquire my first and most economical bicycle to enhance my earning potential. With this, I tripled my sales income. WOW! say “not bad”.

To put it simply, I use money to make more money. With the high inflationary regime, you need to invest wisely to generate higher yields than the inflation rate so as to accumulate your wealth.

Warren’s Rule 3 Invest in yourself. I have applied this rule since 1978. I stopped my part-time business venture to peruse my study. With my MCE certificate, I tripled my monthly income compared to my last business profit. I then repeatedly applied this rule throughout my life. This is the way you sharpen your axe before you move to the next higher level.

I keep on investing in myself. Putting knowledge into action is power. I have been subscribing to Warren's rules wholeheartedly for more than 30 years. But it was very, very clear looking backwards at least 10 years thereafter. To elevate yourself to the next higher level, you need to learn, unlearn what I have learn before relearning. Through this process, you will surely and slowly go beyond your limitation.

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 Trump.

If you don't, you will become poor.
Wealth is a state of mind.

When your mind is weak, you see problem,
when your mind is balanced, you see challenge,
when your mind is strong, you see opportunity.

To be wealthy, you need to stay focus on BIG picture. Take a baby step; full step before you take leap step on new venture. In doing so, you are able to stay cool and fix the pitfalls that come along your way.

Maintaining Sexy figure is not only a must to accumulate your wealth, but you must also stay vigilant at all times. Ready to grab the opportunity that comes along that can give you the highest possible yield that fit well with your given circumstances, without affecting your peace. Stay hungry, be foolish .

672 words

Saturday, 20 October 2012

3 C's IN WEALTH


SIMILARLY, THESE 3 C'S PRINCIPLE ALSO APPLY TO WEALTH.

IT IS YOUR CHOICE TO HAVE IT.

HERE, YOU NEED TO TAKE THE CALCULATED RISKS.

IF YOU WANT WEALTH, YOU NEED TO CHANGE YOUR APPROACH, BELIEF AND ACTION.

THANKS FOR YOUR TIME. IF YOU AGREE, PLEASE SHARE IT OUT.


JAMES

Wednesday, 17 October 2012

Tuesday, 16 October 2012

PROSPERITY THROUGH DIVERSITY


IF EVERY TIME WE AGREE TO SOMETHING
WOULDN'T THAT THERE IS A DEDUDANCE

WOULD NOT THE WHOLE WORLD WILL IN BIG CHAOS
IF EVERYONE AGREES TO THE SAME THING

AND END

Monday, 15 October 2012

Sunday, 14 October 2012

DREAM IS....


HAVE THE RIGHT TYPE OF DREAM.
LET YOUR DREAM BE YOUR GUIDE
WORKING TOWARD YOUR DESTINY

DO NOT BE AFRAID
TAKE UP YOUR COURAGE
AND DO IT

TAKE A BABY STEP
THEN A FULL STEP
AND THEN A LEAP OF FAITH INTO YOUR DREAM

BY DOING SO PERSISTENLY
YOUR DESTINY IS
SURE OF YOUR REACH


Saturday, 13 October 2012

TIMELY GOOD NEWS FROM TNB


TIMELY GOOD NEWS FROM TNB
It was great relief after I read the Star dated Oct 11, 2012 that the Tenaga Nasional Berhad will temporarily halt the replacement of meters.

I still vividly recalled that a group of its staff harassed me many times to replace my current meter, claiming that it exceeded 15 years of life span. Luckily I did not give in despite the rumours of fear of fire destroying the house caused by the old meter from certain quarters.

According to the news that the decision was made after receiving their customers' complaints that the upgrading of electro-mechanical meters to new digital meters had led to higher electricity bills, including "retrospective" charges.

As such, we described the above measure as timely and commendable.

The news also reported that the Energy, Green Technology and Water Minister Datuk Seri Peter Chin Fah Kui that the new digital meter will only be implemented once the standard operating procedure is in place.

Attach below please find the article from the Star for your reference.


A day after this news was published, I was deeply shocked to find out one of the customers consulted the shop owner as she was hit by not only much higher electricity bill but the bill also included "retrospective" charges of several couple of hundred ringgit. Without much hesitation, I told her about this news and advise her to resolve the issue with the appropriate authority, which I hope have resolved it amicably by now.

With such an experience, I do hope that the appropriate authority will take more cautious measures in any new implementation, and not rush to implement so that the ministry can spent the saved time to deal with more challenging issues and not act like a fire fighting squad.







Friday, 12 October 2012

IBA and not IBRA



THE SUCCESS FORMULA OF WEALTH CREATION = IBA

ONE LAST AND IMPORTANT THING TO REMEMBER.

when mind is weak, situation is problem.
when mind is balance, situation is challenge.
when mind is strong, situation is opportunity.
 
NURTURE AND CULTIVATE A STRONG AND HEALTHY MIND.

Thursday, 11 October 2012

Wednesday, 10 October 2012

Tuesday, 9 October 2012

HAVE YOUR DREAM YOUR DESTINY

MAKE YOUR DREAM YOUR DESTINY

HAVE THE RIGHT TYPE OF DREAM.
LET YOUR DREAM BE YOUR GUIDE
WORKING TOWARDS YOUR DESTINY
DO NOT BE AFRAID
TAKE UP YOUR COURAGE
AND DO IT
 
TAKE A BABY STEP
THEN A FULL STEP
AND THEN A LEAP OF FAITH INTO YOUR DREAM
 
BY DOING IT PERSISTENLY
YOUR DESTINY IS
SURELY WITHIN YOUR REACH

 


Monday, 8 October 2012

THE UNDERLYING MEANING OF SUCCESS


YOU SAY WHAT YOU MEAN
AND NOT MEAN WHAT YOU DON'T SAY

YOU ARE ONLY ACCOUNTABLE TO YOURSELF
SO, JUST DO IT

AND STAY FOCUS ON YOUR GOAL
AND WALK WITH FAITH

DO YOU BEST
AND DO NOT AFRAID OF ITS RESULT

ONCE, YOU REACH THE STAGE
YOU ARE NOT STOPPABLE

YOUR GOAL WILL MATERIALISE
AND THE SUCCESS IS WITHIN YOUR REACH

FROM ORGANIC TO EXPONENTIAL WEALTH PROGRAM

DEAR READERS AND VISITORS,

THE ABOVE WORKSHOP IS COMING OUT SOON.


WHAT does that mean exactly?
It simply means that choosing to align and harmonise the internal aspects of you with whatever form of wealth you desire to create for yourself FIRST, enables the external to become much more simple to acquire.

In a nutshell, it is a Wealth Inside Out process.

Here, we believe that It All Begins With Mindset Followed By Action and The “Tangible” Tools To Make It “REAL”. 


STAY TUNED AND WATCH OUT.


JAMES OH

Sunday, 7 October 2012

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.

Saturday, 6 October 2012

THIS IS THE WAY TO KEEP YOU STRONG



YOU ARE WHAT YOU READ,
WHO YOU ASSOCIATE WITH

SO TO STAY STRONG AND HEALTHY
SURROUND YOURSELF WITH THE LIKE-MINDED PEOPLE

WHO WILL KEEP YOU STRONG AND HEALTHY
THIS IS THE SURE WAY

Friday, 5 October 2012

BASIC STEPS TO SUCCESS


THERE IS NO SUCCESS WITHOUT A SUCCESS
WITH DREAM, THERE IS NO GUARANTEE OF SUCCESS
BUT THERE IS A POSSIBILITY OF SUCCESS

ACTION IS THE FOUNDATION OF SUCCESS
WITHOUT ACTION, IT IS PROCASTINATION
IT WILL BRING YOU NO WHERE

SO PLAN IT OUT
REVIEW, RECTIFY AND IMPROVE
THIS IS THE SURE WAY OF ACHIEVING YOUR SUCCESS

Thursday, 4 October 2012

IT IS NOT THE END, BUT A TURN


JUST REMEMBER - WHENEVER THERE IS A CRISIS, THERE IS AN OPPORTUNITY.

STAY FOCUS AND DO WHAT YOU LIKE. LIVE ON YOUR OWN DREAM. WITHOUT A DREAM, THERE IS NO GUARANTEE OF SUCCESS.


Wednesday, 3 October 2012

CAN NEVER ACHIEVE SUCCESS WITHOUT YOU


NO DOUBT I IS IMPORTANT
BUT NEVER FORGET U ARE MORE IMPORTANT THAN I

THIS IS BECAUSE I CAN NEVER ACHIEVE SUCCESS WITHOUT U
THEREFORE THIS BLOG IS DESIGNED TO SERVE YOU MIGHTILY.

YOUR SUPPORT IS GREATLY APPRECIATED
PLEASE LET US KNOW SHOULD WE SERVE YOU BETTER

YOU ARE ALWAYS WELCOME TO PUT FORWARD YOUR FEEDBACK
THROUGH THE COMMENT COLUMN PROVIDED BELOW.

Tuesday, 2 October 2012

LACK OF MONEY CAN CAUSE UNHAPPINESS

 

Money can buy you house but not home

Money can buy you bed but not sleep

Money can buy you medicine but not health

Money can buy you blood but not life

Money can buy you girl but not love

Money can buy you amusements but not happiness

Money can buy you books but not wisdom

Money can buy you clock but not more time

Money can buy you companions but not friends

Money can buy you food but not appetite

Money can buy you a ring but not a marriage

In short, Money is not everything in life.

THEN WHAT IS HAPPINESS. TO READ ABOUT HAPPINESS, PLEASE CLICK THE LINK BELOW:-

Monday, 1 October 2012

CORPORATE LESSON


SPEAK NO EVIL, SEE NO EVIL AND HEAR NO EVIL.