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11/9/2008 SMART Investment ExpoI went to this Expo yesterday at KLCC Convention Center. Today will be the last day they are doing this Expo. Go now and today, if can.
I was rushing and reached there at about 5:15pm after finishing my work. When I walked in, I saw many people were gathering and listening to a speaker. I walked nearer. The speaker was delivering his speech in a very energetic and positive way. I seldom see this kind of people on stage. Less than few minutes, I guess he is a motivation speaker. well, truly he is and he is a very good ones. He talked about oneself changes begin from internally, perspective of good or bad situation in oneself and doing some very good comparison examples of imapct with the negative attitude or habit. Everyone was drawn to his speech. He did not use any presentation slide at all but only a small white board on stage. He can get the strangers around him to participate on what he is trying to deliver. Most important, he walked around the stage and maintain eye contact with the listener. He finished his speech on 5:45pm and I stood there until the very last minute. A very good presentation. Do positive action and you will be on your way to millionaire journey.
The next speech was up at 6pm. There was 15 minutes break interval. The speaker will talk about "Grabbing the Market Opportunity". It must be a great topic. I am interested and looking forward to it. And after 15 minutes of waiting, the speaker was up. He setup his presentation slide and then satrt introducing himself. He was talking in a monotaneous tone which I thought he is trying to be humble with himself. Certainly, he is some great guy if not he would be on stage talking. Then when he started delivering his speech, I can't understand for the first five minutes. He was using very technical term in his speech. I was trying very hard to understand and I saw many peopl were struggling like me too. Obviously, there were some people leaving. He was talking about funds that worth of billions and trillions of dollar. Which I think was too far fetch from me. Then I realised that what is an opportunity for other may not be an opportunity for me. On the tenth minute, I decided to get up and leave.
When leaving, I dropped by the exit door, looked at the magazine booth and they were free! Of course, I started grabbing those magazines like trading places, property watch, stock watch and etc. And then, the event coordinator (I supposed) walked to me and said I won a free gift. It was a book on Self Made Millionaires by Adam Khoo (a singaporean, I guess). I was caught by suprise and I thanked him very much. (haha...I was laughing to myself and greed is good). I read the first few pages and this book is good. I must finish this book. 10/1/2008 Current US and World EconomyAs we all know, US is deciding whether to use USD 700bil to bail out its economy crisis.
For those who does not know how much USD 700bil cost or how deep is the crisis, please click on the link: http://news.yahoo.com/s/livescience/howmuchis700billion
From the history, the US economy has been the indicator for the world economy. No doubt, US and UK are affected. This is same goes to Asia region. For most countries in Asia, this crisis effect is only the beginning or infant level. So, save up and be prepared for the wave of recession.
For those smart investors, prepare yourself to stand in line to grab the incoming opportunities. 8/9/2008 Buying Time or Waiting TimeIt seems like the government is not going to revise the interest rate. The crude oil trend is pointing downwards as the production has been more than the demand from the beginning of the year. The recent peak was all due to speculation. Other commodities are pointing on downwards too.
The stock market now is inactive state. The volume is really low. Everyone is staying away from the market because they have been losing money all this while from beginning of this year. It is not fear of losing money in the future, it was keeping on losing money that dampen their spirit and their judgement. I would say big time investors like EPF and PNB are taking up relatively low, cheap and good stocks now. They are buying like crazy just like mega sale in the open market. The fundamental is building up. By the time the base is already solid, the bull will awake and run once more. By that time, everyone will jump onto the bandwagon and further speculate on the market.
Right now, due to the political unstable, it has fend off the foreign investor. In acrual fact, Malaysia is really a stable country. However, yesterday was the launching of the Olympic Games in China. Many said, after the game, the China's economy will face downturn. As many experienced China is one of the major player now, it's role cannot be denied. However, the recent China's index fell from 5000+ to 2000+ doesn't really gave much impact as the western has already been in subprime crisis. Does this going to form a good fundamental?
We can never predict the stock market. What we can do is to time our buying time into the stock market. So, is now a good buying time? 7/27/2008 Talking about Stay Away from Investment nowOur Bank Negara Govenor just annouced that we will postpone the review of interest rate. Last month, our interest rate peaked at 7.7%. But yesterday, she said YTD interest rate is only at 3.7%. Can anyone believe this?? By holding back the interest rate, she claimed it will regain back the investors' confidence. Besides that, the oil prices also dropping. It might be hovering around $100 to $130 per barrel. All these non-replenishable comodities will only go up and up. The oil will come to $200 per barrel. It is just a matter of time. Anyway, I will keep my eye open. Whatever going to happen from now is going to be interesting. Quote Stay Away from Investment now 7/13/2008 Stay Away from Investment nowToday is one of my best day. I get to meet my ex-GM, Robert. It is been nearly a year we didn't meet together and have a private nice talk and coffee.
He is still as informative, sharp, detail and super planner as ever. We talked about much things then later to the stock market. He said our market now is just the beginning of the recession. Not only about the commodities at record high but the one which going to impact most is the revise plan of the interest rate. It is clearly a sign the nightmare of recession just begin. The interest rate is going to be heighten up due to the inflation rate which reported at 6%. Our interest rate now is far too low from that. If the rate is revised, the banks will have to tighten all the loans, IOUs, bonds and etc which they offer to the people. They need to do this as they need to clear out those low middle income earners who cannot afford to cope with the new interest rate. Soon, the banks will control and tighten the money they loan out to the public. Public will start to feel the tightening of that. Everyone (which the middle income earners - the majority) will start to squeesh their pocket money and trying to live much more lower below their means. Eventually, the spending will be less and less which causing the economy to a major slowdown. The stock market will get hit then will crop out to the property market and if the worst case scenario, the depression will come and everything will crumble to fall. Now, we only seeing the seam crack on the bath tube which is only the beginning. No one can stop this and everything will be led into each and other.
So, I asked him, "When will be the right buying time to the stock market?"
He said, "Everything will happen in spiral. It would probably take a year from now, but I will wait for more than that. Perhaps, two years."
He told me that he already sold all his stocks few months ago. Last month, all his account was cleared. I am totally shocked. I am doing the opposite. I am holding too much now. OMG!! This is crazy for me. He said, "Only the fund managers will give the public a buy call when they want to sell everything off their hand." There are some truth over all his statements and analysis. I trust him because he always win. He is already a millionaire. That's why. 5/3/2008 The Mexican FishermanThe American investment banker was at the pier of a small coastal Mexican village when a small boat with just one fisherman docked. Inside the small boat were several large yellow fin tuna. The American complimented the Mexican on the quality of his fish and asked how long it took to catch them.
The Mexican replied, “Only a little while.” The American then asked, “Why didn’t you stay out longer and catch more fish?” The Mexican said, “With this I have more than enough to support my family’s needs.” The American then asked, “But what do you do with the rest of your time?” The Mexican fisherman said, “I sleep late, fish a little, play with my children, take siesta with my wife, Maria, stroll into the village each evening where I sip wine and play guitar with my amigos, I have a full and busy life.” The American scoffed, “I am a Harvard MBA and could help you. You should spend more time fishing; and with the profits, buy a bigger boat. With the profits from bigger boat, you could buy several boats. Eventually, you would have a fleet of fishing boats. Instead of selling your catch to a middleman, you would sell directly to the processor, eventually opening your own cannery. You would control the product, processing and distribution. You would need to leave this small coastal fishing village and move to Mexico City, then Los Angeles and eventually to New York where you will run your ever-expanding enterprise.” The Mexican fisherman asked, “But, how long will all this take?” To which the American replied, “15 to 20years.” “But what then?” asked the Mexican. The American laughed and said that’s the best part. “When the time is right, you would announce an IPO and sell your company stock to the public and become very rich, you would make millions.” “Millions?…Then what?” The American said, “Then you would retire. Move to a small coastal fishing village where you sleep late, fish a little, play with your kids, take a siesta with your wife, stroll to the village in the evenings where you could sip wine and play guitar with your amigos.” 3/25/2008 The Rules for Success...for my dreamIn my previous blog, I mentioned about my current condition and starting to deviate from my goals and dream. Luckily, I cameby this article. It is done by Donald Trump. Most of the people know Donald Trump through the Apprentice series showing on TV. Well, I would say he is not the richest person, but far richer than me. If able to pick up some of his virtues and wisdoms, it is good enough to guide you along your journey.
Here is some of his articles:
My Top Ten Rules of Successby Donald J. Trump
If you've heard me speak, you may have noticed I emphasize several things repeatedly - never give up is one, being passionate is another, keeping focused is up there, and keeping your momentum runs a close fourth. I've learned those things from experience. Here's the complete top 10 list I give when I speak at colleges: 1. Never give up! Do not settle for remaining in your comfort zone. Remaining complacent is a good way to get nowhere. 2. Be passionate! If you love what you're doing, it will never seem like work. 3. Be focused!Ask yourself: What should I be thinking about right now? Shut out interference. In this age of multitasking, this is a valuable technique to acquire. 4. Keep your momentum! Listen, apply and move forward. Do not procrastinate. 5. See yourself as victorious! That will focus you in the right direction. 6. Be tenacious! Being stubborn can work wonders. 7. Be lucky! The old saying, "The harder I work, the luckier I get" is absolutely right on. 8. Believe in yourself! If you don't, no one else will either. Think of yourself as a one-man or one-woman army. 9. Ask yourself: What am I pretending not to see? There may be some great opportunities right around you, even if things aren't looking so great. Great adversity can turn into great victory. 10. Look at the solution, not the problem. And never give up! Never never never give up. This thought deserves to be said (and remembered and applied) many times. It's that important. Good luck! Donald J. Trump is Chairman of Trump University.
Want Success? Put the Mogul Mindset on Your Sideby J. J. Childers Through my practice of law in the fields of asset protection, tax reduction, and estate planning, one of the most common characteristics that I've observed among my wealthier clients is that they rarely pour all of their entrepreneurial energy into just one type of business. While I've worked with clients from nearly every profession, trade, or business, one thing that I've found nearly universal in my most successful clients is that they seek out new opportunities for growth by diversifying their assets in high-yielding business endeavors. Why this particular multibusiness phenomenon? Because diversity is of paramount importance. I've commented many times on my love of capitalism. And one of the benefits of a free-market is that if one market is down, there are always other markets that are thriving. For example, if the stock market is down, the real estate market might be up. Or if the housing market is down, the stock market might be up. The wealthy know not just how the economy is doing, but also how particular markets are performing. They shift their entrepreneurial efforts accordingly. Yet another reason why most of my most successful clients are involved in more than one business is because no one business operates in a vacuum. In other words, every business is, at times, both a producer and a consumer. Think about all of the goods and services every business must obtain in order to produce what their own customers are looking to purchase. A smart businessperson will recognize the needs of his or her company and then try to provide for those needs by creating new companies instead of turning to third parties. For example, look at the automotive industry. Car companies don't just produce cars out of thin air. That’s why car companies own not only assembly plants, but steel and aluminum mills, advertising agencies, parts manufacturers, research and development companies and trucking firms. Some car companies own banks that provide financing for their customers! This strategy of becoming more of a producer and less of a consumer applies to small businesses as well. For example, an eye doctor may own his medical clinic and a glasses store too. Another example would be a printing company owner who also owns an office-supply store. In sum, success means looking for new markets in which to expand and create new wealth. I call this phenomenon the Mogul Mindset Strategy. Just think about Donald Trump. As you probably know, Mr. Trump got his start in real estate but his empire now includes a television program, a clothing line, an entertainment company, hotels, casinos, product licensing, an educational company and many more endeavors. This strategy of actively engaging in a multitude of business activities is what is sometimes referred to as multipreneuring. Through this activity, many wealthy business operators are able to build exponential wealth by providing services not only to their own companies but also to others. Yet having the Mogul Mindset isn't just about opening up as many companies as you can. It also involves structuring your multiple businesses to shield them from each other as well as from any liability that may attach to you personally. The Mogul Mindset works to build wealth - and the good news is, you don’t have to wait until you are rich before you get its power working for you. To learn more, I’d urge you to read my new book Trump University Asset Protection 101. It’s never too early to start thinking like a success. J. J. Childers is an attorney dealing primarily with the topics of asset protection, estate planning, and tax reduction. He travels the country extensively working with individuals and companies to help them with their small business wealth structuring. He is author of the new book Trump University Asset Protection 101.
Seven Reasons Why Buying a Business Is Better than Starting Oneby Richard Parker
I understand that this is the “Spring Cleaning” issue of Inside Trump Tower - all about making a new start. And what better way is there to make a fresh start than to buy a business? Here’s my advice to you. Think about these seven reasons why buying a business is better than starting a new one. I know that they will provide all the incentive you need to take a great new start toward achieving success: Reason One: If you buy a business, you will have immediate cash flow. If you start a business of your own, it’s anyone’s guess when the money will start coming in. Reason Two: If you buy a business, you will have historical financial data you need to evaluate the business you are considering. If you start a business of your own, there is absolutely no history available to evaluate the business. Reason Three: If you buy a business, you will have trained employees already in place. If you start a business of your own, you’ll be doing all the work initially - and then you’ll be faced with trying to recruit competent people. Reason Four: Ifyou buy a business, you will have existing customers who are familiar with the company. If you start a business of your own, you are starting from ground zero with you selling and marketing. Reason Five: If you buy a business, you will have proven policies, procedures established to operate the company the day you take over. If you start a business of your own, everything is new! You can only implement company policies as a reaction to problems you encounter. Reason Six: If you buy a business, yhe company’s past gives you a good picture and a high level of comfort about the future. If you start a business of your own, who knows? No matter how detailed or fancy your business plan may be, there’s no guarantee that anything will evolved predicted. Reason Seven: If you buy a business, You know from the beginning what your monthly expenses will be and what the revenues should look like, based on prior history. If you start a business of your own, revenues generally come in half as fast as you expect - and expenses are usually much higher than anticipated. If you start learning the art of buying a business now, you can be ready to make your move by late summer. Isn’t it time to get out of the passenger’s seat take the wheel? Trump University Professor Richard Parker developed Trump University's self-paced multimedia home-study course, The Art of Buying a Business. Professor Parker bought his first business when he was 12 and sold it for a profit when he was 13. He has now bought more than 10 businesses and is a national authority on the subject.
1/9/2008 Learn from these two guys, Bill Gates and Warren BuffettSubject 1: High school address from Bill Gates
High School address from Bill Gates to: MT. WHITNEY HIGH SCHOOL in Visalia, CA.
Subject 2: "Live a simple life", Warren Buffett
There was a one hour interview on CNBC with Warren Buffett, the second richest man who has donated $31 billion to charity. Here are some very interesting aspects of his life: 1. He bought his first share at age 11 and he now regrets that he started too late! (I bought mine at 23! Far too late!! )
So, from me, Chen Hing, I feel that it is best we learn from these two successful guys. Sometimes, we are too hook up with our daily routine which makes our life so complex that we forget that things in life are much simpler than it look.
Those who wish to seek true freedom must first find the meaning to live. So that you will not lose your focus when you are on your way towards it.
12/22/2007 Mind your Own BusinessWhen it comes to money, everyone get very sensitive. Some might even fight and severe the ties with their family members because of money. This no longer the uncommon issue to all of us.
I always believe that you will get what you earned for. It depends on how much you put your effort in and how legal is your way of doing it. Effort and righteous is the way of success without "failing" the people who help you around. The term "failing" can means using, stepping or even back-stabbing.
I have been to many organizations and companies as much as I could. It is a wonderful experience everytime I have this chance. Some is deemed to be successful yet fail. Some has been successful for decades and yet fell and closed down in a year. And some are unexpectedly turned out to be huge success. I feel important that we should pay a little bit attention into these issue especially most of us (who are reading my blogs) are employees of someone or self-employed.
From my deductions, there are two factors which are unseparable which a company must has; discipline (morality) and system adopted.
If the employees has a good morality, it will directly turns out to be a good discipline team that willing to do anything and everything. And the company must have some good management systems to adopt. There are so many in the market now i.e. ISO, 6 sigma, 7 QC tools, TPM etc. All of these systems are stressting on one thing; continuous improvement. System needs the people to work. Especially people with brain.
In the other hand, if the morality is bad, the discipline is bad, the system which bad employees is working on will also turns bad. Everything will become disaster. You will notice this with much earlier sign when you go for a company. You can ask anyone from the receptionist, cleaners, operators to the people who sitting in the office about how they feel about the company. They will give you a good impression about the company. I always did that when I go for an interview. If you hear that "The people is not happy about the management, the management is controlled by a powerful political sub-group inside the company, exhausted and tired employees or the people around is promoting unhealthy habits of working"; these are the signs of the disaster coming.
Have you ever wonder why you need to pay when you go for a concert where people like Micheal Jackson, Mariah Carey, Backstreet Boys, SHE, Jacky Cheong are singing? Then you need to pay when you sing karaoke with your friends in Sungei Wang. Basically, the artists are singing and you are singing. But they sing and you pay. And, you sing, you pay. Why? The reasons? It is because the artists make you happy. So you must pay them. The karaoke's boss is making you happy, so you must pay him too. You get the idea?
Therefore, if you need them to make you happy, you need to pay them. In reverse, if you able to make them and everyone else happy, they will pay you. It is just as simple as that. This is the simplest example and yet many has notice this and use it. Another example, in my ex-company, I able to make my manager happy. I also make my GM happy. And I did share and make my team happy. At the end, my boss pays me well and everyone happy including me.
So, moral of the lesson is... if you only thinking to guard you own rice bowl without caring for the people (the partners, colleagues, subordinates etc) around you, you will end up lonely, de-moralised, plunged into office politics and worst, you will recruit the others to follow you. If more people going the wrong way, the faster the growth and survival of the company will reduce to ZERO.
When I mean "Mind your own business" that means taking a good care of yourself. Live your life with good confidence in life. If your only income comes from your pay slip, then you will very very sensitive to your work. You will afraid to make mistake or afraid to stand on the right path even though your boss made a wrong decision. You will only feel safety in numbers. This is what they say. Easily and slowly, you will reduce into just a body without a soul. By just merely following what the others are doing. No more new ideas to develop, no more creative methods to try etc. That's why I think everyone should has a investment (whether small or big) where you get the second pay check. I prefer to stand with two legs than one leg.
If you are good employee, basically, you are managing your boss asset. You will never get richer than your boss by just being an employee. Your boss will get richer first before you. And you will be only taught in best how to do your job and nothing more. So, you got to manage your own asset. Before you start, identify what are your assets and what are your liabilities. From there, you will know what to do after that. In two years, where I started my investment plan, I am working hard to expand my assets column. Everytime I failed, I assessed myself. And after that, I knew I will be stronger than yesterday.
Today, something has inspire me to write this blog. Just happen to me what to put at the end of here. Please...
"Not everyone can be very successful, but the very ones can come from anywhere, everywhere" 12/1/2007 Why you need to be rich (2)Suddenly I realised that blogging really takes a lot of my time. Well, blogging is not only just typing but you need to think what to blog to catch the viewers' interest.
So, today, I shall write more about "Why you REALLY need to be rich?"
Before I start, a lot of people come to me and ask me how to be rich. Definitely, I don't have the right answer yet because I still can't say I achieve financial freedom yet. So, I believe that one must seek the inner truth of himself for him to seek wealth. Because there is a strong will to do it, he will success. People say, "You teach him how to fish, he will be able to catch fish and feed him for the rest of his life". Well, it is true.
But why do he need to fish in the first place? Maybe after knowing why, he will put more effort to do the right thing.
So, shall we start?
The real problem is the education. The people is educated to their profession but money management is one of the subject never been taught in school. Both Donald J.Trump and Robert T.Kiyosaki has indicate in a book that the perfert storm is coming to US and gonna hit any other countries as well.
1. A growing trade deficit
In 2006, the US trade deficit was forecasted to reach $423 bil. If you average out to every household, this means every family will earn $5000 monthly but spending $6000 monthly. Well, you can guess how many people in US actually has savings in their accounts. With the current rate, this problem will only grow bigger and bigger.
2. Growing national debt
Under 42 Presidents, from George Washington (1789) to Bill Clinton (2000), borrowed a combined total of $1.01 trillion. In Yr 2000 until 2005, the Bush White House had borrowed $1.05 trillion - more than all the total combined amount all of previous administration.
3. A falling dollar
All money is backed with gold. If the country slumps, it's currency slumps too into just a piece of paper. Everyone is aware that inflation is everywhere now. What you can buy with $100 now you may have to pay $150 in ten years later. Just compare the prices of gold, oil, gas, steel etc 10 years ago with now. You will find the price has been escalating high!
4. Baby boomers without money
As I mentioned in my previous blog "Another Trip to Midvalley 18/11/07", the baby boomers might find their life savings may not be there form them anymore. In US, 75 million baby bommers will begin to retire. Easily, it will wipe out the other new/current contributors to the life savings.
5. An entitlement mentality
Since millions are lack of financial resources, they turn to the government to care for them. If government don't take care of them, who will. As now, the Social Security is in debt of $10 trillion and Medicarein debt of $62 trillion. The people just consume more than they can earn, lend more than they can afford. And in the end, more money will be printed to solve this problem. This will only lead to another bigger or much bigger problem.
6. Oil price
It is really matter of time the oil price will hit over $100 per barrel. If oil price goes up, everything will goes up too. In the end, it will push to consumer to carry the burden. Even though, so much researchs have and had been carried out for the alternative of energy source and yet none are commercialised. Why? I believe greed is the root cause.
7. Tax break for the Rich
Until now, the Rich always pay lower tax than middle class or the poor class people. Read "Rich Dad, Poor Dad" then you know what I mean. The Rich knows how to pay themselves first before paying others. The others pay to everyone before paying themselves. And Tax laws are usually made by the Rich.
"Golden Rule: The best way to change the rules is to first get the gold. If you have the gold, then you have more power. When you have more power, you make the rules. As the Real Golden Rule states: Do unto others as you would have them do unto you." - Donald J.Trump and Robert T.Kiyosaki.
So, if you just read through the seven items above and nothing comes to your mind, then we really don't share the same frequency.
What is happening and going to happen in US will be going to be the same here. I think you can easily imagine and judge our current situation now.
Besides, the "sure" coming catastrophe, can you quarantee you able to work 30 years safely until retirement? (*psst. touch wood, touch wood, touch wood) How many people you see that instantly lost of job because of an accident, mishap or illness? It is happening randomly to anyone, at any age, at anywhere. I saw many in just 3 years of working. And it is a very sad things that these things always happen to them "un-prepare". They still have kids and family waiting them to feed, their housing and car loans to pay, basic necessity of life to survive, etc.
What I mean here is our life is tough. That's what makes us strong. But we can't stay ignorant hoping the God or government or somebody else will come to our aid. We aren't so lucky always. We are moving to Information Age. Staying the mindset of Industrial Age will no longer bring you to new height, but at least, it can keep you survive by struggling hard. Why do we need to struggle so hard if we know there are correct ways of doing things?
I feel that everyone should have their own investment plan. By contributing to EPF, means you are actually investing into EPF. But do you have control on your money invested? I believe not until you reach age 55. I don't like myself to be binded or caged. I like freedom. I know freedom doesn't come easily. That's why I struggle for it. Work hard and at the same time, be very smart.
11/24/2007 KLCC Investment ExhibitionI just came back from there. It is not a big scale. They have various type of investments. You will be suprised that you even can invest in wine. It is not a new thing for them. It is just we are not updated.
I have my investment portfolio already. I went there to get more exposure and more new ideas. I don't invest with them who doesn't share the same portfolios as I have. Although, most of them promising high return with low risk. No specific reason for me not to join them. I just don't like diversification. However, it is a good trip to visit to get a feel of investing if you are just about to start.
It is still on now. For today and tomorrow (25/11/07) 10am to 7pm. Good Luck! The meaning of WealthFor many people, the word "Wealth" means $$$ (money).
To me, Wealth can be put into six dimensions. Each dimensions are very important to me. That's why what I have been doing is to maximise all the six dimension of wealth. Then only I can say I have a healthy wealth.
1st: Financial
I invested and investing a lot of time to think. Time = money; that's what people say. I constantly looking for the best way to invest and earn money without relying just on my paycheck. Utilizing this wealth to support the financial needs of maintaining my life and lifestyle. People always say, "Live below your means". I don't agree with that. I live to expand my means.
2nd: Family
I must have a caring, positve and productive relationship with my family members. Using the wealth I have is not to distant my relationship with them but to stay connected and united. Many know this, but yet less are practising it.
3rd: Physical
Caring for your body. I have a weak body since young because I neglected to listen to my body. But now, I am practising aikido. And I am practising real hard. I have five days of classes per week. Every week, I will join at least three classes. I concern about my body. Through aikido, I learn more about my body and the harmonious with nature. Having a good body now, I don't get fatigue easily. At least, I can do whatever and whenever I want.
4th: Mental
Of course this is also the important ones. Knowledge is power. I use my mind constantly to invest in new knowledge and insights (which these are the very expensive ones). And I used a lot of my time to invest in thinking. Many are missing out these which translate of big losses in wealth dimension.
Work to learn and not work for money. This is what the rich and successful people are doing. It is sad to see a lot of our friends and family members are working for money.
5th: Social
This dimension involves building and maintaining a healty relationship with anyone that you want to interact. They can be your friends, colleagues, neighbours, relatives or any other living persons. I put the words "want to interact" because I choose my social networks carefully. I choose people with positive energies. I don't like people who just complaining about others and do nothing about it. These are the people who stays ignorant and lose control of their life. Negative energies can be very influential, but I think the postive ones are also very powerful.
6th: Spiritual
This spiritual dimension examines your wisdom in using your wealth to achieve your higher purpose in life. In here, you are challenged to use your wealth in the areas that will inspire and uplife you to the timeless truth. That's why I started this blog to share my experience with everyone. Even though, I can't put myself as a successful person yet, but I want to grow with everyone. I want to reach out to anyone who wants to join me to help the community and mankind. If you are very wealthy in the means of dollar signs but never taps into spiritual wealth dimension, you are missing big piece of life.
I urge everyone who read this to maximise your wealth in all six dimensions instead of one or two. You will feel the truest sense of wealth if you able to do so. I came across these dimensions when I read an article about "Maximising the 6 dimensions of your wealth" by Yap Ming Hui (probably a Malaysian). I feel proud of him.
Someone asked me, "If you are wealthy, can you guarantee your character won't change?".
I said no. I will change to help more people. To fulfill all the six dimensions. I will change for good. 11/21/2007 Why you need to be richTo my friends out there,
May I know why you want to be rich?
or
Is there anyone out there who does not want to get rich? Why?
11/18/2007 Another Trip to MidvalleyI think for quite long the suitable title for this blog.
My family and I went to Midvalley today. Just because my youngest brother would like to sign up for hair dressing course. I don't really agree to go for it cos I were quite tired about 2 hours work-out from the aikido class. Reluctantly, I agree to drive my family to Midvalley. As usual, it takes us quite a long time to get a parking. Finally a couple walk out of the malls carrying few shopping bags. Patiently we waited and they went to get their car. The parking lot we waited was deemed "illegal". However, we don't really care as long as it doesn't blocking the traffic.
Once inside, I told my dad I would like to get a coffee and sit down for a rest. We splited. My parents and my youngest brother will go for his hair dressing course and some window shopping. In the mean time, I walked alone looking for a good, quiet cafe with a high back rest seat. It took me quite long to find one. I went in and ordered a coffee. Sitting alone with the coffee table for two, I began reading a book (luckily I brought along a book) with the title "Why we want you to be rich; Two Men, One Message" by Donald J.Trump and Robert T. Kiyosaki.
When I just about to finish the Chapter 1, my dad rangs me through the phone saying they finished with the shopping. I looked at my watch and it was 5:30pm. One and a half hour had passed. I just able to finished the introduction and chapter 1. I waived to the waiter for bill. In my order form for my coffee, it clearly stated RM 10.90. When the waiter was processing the bill, he looked quite puzzled. I waited about 10 minutes before he came over. And he brought me the bill which costs RM 51.79!!! I was shocked when he read aloud. I were quite furious at the moment but after few seconds I calmed down. I told him this bill wasn't mine and he still standing there staring at me blankly. At last, the manager was summoned. I told him and left RM 11 on the tray before walking away without the intend to know how he going to solve it. Does the working people especially in servicing industries has this kind of mentality? Malaysian supposed not to be so stupid. I just don't understand. Knowing it is a mistake and yet not a tiny initiative shown to correct it. *Frustrated with Malaysian workers' impression.
When I were walking back to group with my family, I noticed a lot of people come for shopping. Does this spells any problems to you?
Right now, in our society, there are three (3) levels; the rich, the middle class, and the poor. And I think, just in couple of years, this middle class will face an extinction. Any why is this so?
Baby boomers are mostly borned after the WW2 (around 1950-60s). Now it is already 2007. Those who borned in 1950 is now at the age of 57. A so called retirement age. One of the top richest company in Malaysia is the Employee Provident Fund (EPF). And within this few years, the retirees will withdrawn out all the money from their savings whether in EPF or their saving accounts. Thanks to the current technologies that prolong the life span of the human. EPF is never meant to be long term care provider. The growing demand will wipe out its resources. In short, initial contribution will drop out from the picture and downgrades to poverty level. If the patient is your parent, everything which they work their entire life will be meaningless. Moreover, it will create a massive financial burden to the families. They will sell their cars, houses etc just to keep their parents in decent condition. This would wipe out the middle class people no matter they are high pay executives or low pay ones. The rich will only get richer and richer and MUCH MORE poor people will become poorer and poorer. The amount of money to curb this oncoming problem is not any small amount of money. I don't know how large but it is definitely larger than the total of all stocks and bonds in stock market. Do you want to prevent or become part of this problem. I am in my mid-twenties and I am working my way out. Days and nights I am experimenting all the ways and port folios I can think of. It is not an easy way but it isn't so tough either.
"We want people to let go of the entitlement mentality and become rich so they can solve the problem...their own problems." - Robert T. Kiyosaki 11/4/2007 A trip to MidValleyToday, my Dad and I went to MidValley at 5pm. Just to know there was an exhibition which maybe related to Financial.
It tooks us more than 20 mintues to find a parking space. The whole car park basement was fulled.
We went for the exhibition hall and had to register. By the time we done with the registration, it was already 5:45pm. Only left 15mins before closing at 6pm!
We scout around and took quite some free gifts
 But nothing much interest us. What we are looking for was not there. Luckily, still got free gifts and didn't come home empty-handed.Then we look around for dinner. Just both of us. A good day.
The people is a lot. Much more than I expected. Everyone saying their earnings are lower now, prices are hiking up, cost of living getting more expensive etc...surprisingly, still a lot of people in shopping mall.
Well, my dad said this is KL. If KL is not lively like this, our economy is really weak then.
Quite true. |
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