"An asset puts money in your pocket. A liability takes money out of your pocket." Robert Toru Kiyosaki
Why is asset so important? In simplistic terms, assets are things that add to your net worth and include things like properties, business, shares, fixed deposits, equity portfolios, money in the bank, unit trusts, bonds, precious metals, antique collections, art collections. Certain assets can produce regular income streams in the form of interest, rent, dividends, profits, royalties, etc. Other assets can provide capital gains upon disposals.
We live our lives hoping to build up as much assets as we can. Assets give us a sense of security. And society in general measure a person's success by the value of the assets he or she owns.
We need to know four important areas in relation to assets:
(1) Asset accumulation - Before we buy any asset, we need to consider our risk tolerance and our goals. Do we want an asset that can generate a continuous income stream or an asset that will increase significantly in value over time or a combination of both?
(2) Asset protection - This refers to preservation and protection of our assets. We need to seek ways to protect our assets from devaluation or loss.
(3) Asset management - We need to manage our assets so as to ensure that they will increase in value and/or continue to generate a constant income stream. We may need to "cut losses" occasionally.
(4) Asset distribution - We need to put in our will or trust deed or letter of wishes how our assets are to be distributed. If you are to die intestate, this can create problems for your family so making a will is of paramount importance.
All these four areas are inter-related and it is important that we are financially literate so that we can take care of these four areas prudently. We must therefore adopt an attitude of open-mindedness towards financial literacy and strive to equip ourselves with good knowledge in this area.
"The rich know how to convert their earned income, if they have it, into assets that generate passive and portfolio income. So they have money working hard for them instead of them working hard for money." Robert Toru Kiyosaki
Wednesday, May 16, 2007
Thursday, May 10, 2007
Affiliate Marketing Via ClickBank
ClickBank is the internet's leading retailer of digital products. It has more than 10,000 digital products that you can promote as an affiliate for handsome commissions that may go as high as 75%. And their products DO REALLY SELL!
In South East Asia, you can register as an affiliate of ClickBank if you are in Singapore and Thailand. But if you are from other South-East Asian countries (including Malaysia, Indonesia, Brunei Darussalam, Vietnam, Philippines), you aren't so lucky. But there is a way around this.
Jason Tan is a young Malaysian who went from broke to become an Internet millionaire through affiliate marketing as well as selling his own e-book "Internet Millionaire Secrets". His e-book will show you how to register with ClickBank and to become a ClickBank super affiliate.
I purchased his e-book recently and I can honestly say that it is definitely worth more than the RM90 ( less than USD30) that I paid for it. If you have been thinking of going into affiliate marketing but have been unable to do so because you have been unable to register with ClickBank, grab this e-book now. You can purchase this e-book by clicking on the "Internet Millionaire Secrets" link on my blog under the "Valuable Ebooks That You Must Buy" list. You won't regret buying it!
ClickBank is the internet's leading retailer of digital products. It has more than 10,000 digital products that you can promote as an affiliate for handsome commissions that may go as high as 75%. And their products DO REALLY SELL!
In South East Asia, you can register as an affiliate of ClickBank if you are in Singapore and Thailand. But if you are from other South-East Asian countries (including Malaysia, Indonesia, Brunei Darussalam, Vietnam, Philippines), you aren't so lucky. But there is a way around this.
Jason Tan is a young Malaysian who went from broke to become an Internet millionaire through affiliate marketing as well as selling his own e-book "Internet Millionaire Secrets". His e-book will show you how to register with ClickBank and to become a ClickBank super affiliate.
I purchased his e-book recently and I can honestly say that it is definitely worth more than the RM90 ( less than USD30) that I paid for it. If you have been thinking of going into affiliate marketing but have been unable to do so because you have been unable to register with ClickBank, grab this e-book now. You can purchase this e-book by clicking on the "Internet Millionaire Secrets" link on my blog under the "Valuable Ebooks That You Must Buy" list. You won't regret buying it!
Tuesday, May 08, 2007
High Yield Investment Programs or HYIP
"Money, it turned out, was exactly like sex, you thought of nothing else if you didn't have it and thought of other things if you did." James Baldwin
The acronym "hyip" will probably sound very foreign to some one who has never ventured into online investing. Seasoned online investors will either hate hyips or love them depending on their experiences.
What exactly is a high yield investment program? Wikipedia defines it as a type of investment pyramid scheme normally offered via the internet and invariably offers astoundingly high returns.
Because of the high returns, the risks are inherently high and HYIPs generally do not last for the long term. Indeed the majority of HYIPs are nothing more than ponzi schemes in disguise. Money from new investors are used to pay the existing investors. The scam will continue as long as money coming in from new investors is enough to pay off withdrawals by existing members . When the new money dries up, the scheme collapses.
Most hyips offer little transparency. There is little or completely no disclosure about the company or the owners, or how they invest the money from their members.
Seasoned hyip players will invariably know about a hyip called PIPS ( People In Profit System or Pure Investor). This hyip was started by Bryan Marsden in early 2004 and achieved phenomenal growth worldwide. Its popularity was so immense that it achieved almost a cult-like status among some of its die-hard members. In its heyday, it delivered what it promised, a hefty 1.9% return per working day. Indeed some of the early investors became millionaires! When the program started to stall and payments to members were delayed for months, disgruntled members started to complain. Bank Negara (the national bank) in Malaysia commenced an investigation in 2005 and this led to Marsden and his Malaysian wife being charged in Malaysia with 97 counts of money laundering.
If the majority of hyips are scams, why are they still so popular and widespread? The reason is simple: You can make a quick and high profit if you know how to play hyips. If you know how to avoid the many traps and pitfalls, you can multiply your initial investment capital in a relatively short time.
Hyips are undeniably not the most secure way to build your wealth in the long run. Most hyip players hope to raise substantial capital through hyips so that they can then move on to genuine programs that offers much lower return but which normally require larger initial capital.
So if you still want to invest in hyips despite the high risks, always remember the following rules :
(1) Never use your grocery money.
(2) Never borrow money to invest in hyips.
(3) Do some due diligence before investing.
(4) Diversify into a few different types of hyips.
(5) Withdraw your capital as soon as possible.
(6) Don't join hyips promoted through spam emails.
(7) Never fall in love with any hyip. You will be doomed for a major heartbreak if you love a hyip so much that you keep on compounding your earnings. Hyips are not built to last!
(8) Adopt a hit-and-run strategy. Just play one or two rounds and then get out!
(9) Visit hyip forums often to read the latest posts on the hyips that you have invested in. As soon as you perceive any red flags, try to exit as fast as you can. It is better to earn less than to be sorry!
(10) Control your greed.
(11) Try to focus on the more stable and reliable programs. Have patience. Slow and steady win the race!
(12) Beware of HYIP monitors. Hyip monitors are websites that list and often promote hyips for referral commissions. They are often paid by hyips and therefore lack credibility. They are supposed to label hyip programs as either "Paying" or "Not Paying" based on the actual situation. Just remember that they may have hidden agendas.
When you begin investing in hyips, it is inevitable that you will take some hits along the way. Learn from them. If you stick to the 12 rules mentioned above, you will take much less hits than some one who ventures into hyips blindly. You will greatly reduce the painful learning curve. And you may truly make a small fortune from your hyip ventures.
"It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires ten times as much skill to keep it." Ralph Waldo Emerson
"Money, it turned out, was exactly like sex, you thought of nothing else if you didn't have it and thought of other things if you did." James Baldwin
The acronym "hyip" will probably sound very foreign to some one who has never ventured into online investing. Seasoned online investors will either hate hyips or love them depending on their experiences.
What exactly is a high yield investment program? Wikipedia defines it as a type of investment pyramid scheme normally offered via the internet and invariably offers astoundingly high returns.
Because of the high returns, the risks are inherently high and HYIPs generally do not last for the long term. Indeed the majority of HYIPs are nothing more than ponzi schemes in disguise. Money from new investors are used to pay the existing investors. The scam will continue as long as money coming in from new investors is enough to pay off withdrawals by existing members . When the new money dries up, the scheme collapses.
Most hyips offer little transparency. There is little or completely no disclosure about the company or the owners, or how they invest the money from their members.
Seasoned hyip players will invariably know about a hyip called PIPS ( People In Profit System or Pure Investor). This hyip was started by Bryan Marsden in early 2004 and achieved phenomenal growth worldwide. Its popularity was so immense that it achieved almost a cult-like status among some of its die-hard members. In its heyday, it delivered what it promised, a hefty 1.9% return per working day. Indeed some of the early investors became millionaires! When the program started to stall and payments to members were delayed for months, disgruntled members started to complain. Bank Negara (the national bank) in Malaysia commenced an investigation in 2005 and this led to Marsden and his Malaysian wife being charged in Malaysia with 97 counts of money laundering.
If the majority of hyips are scams, why are they still so popular and widespread? The reason is simple: You can make a quick and high profit if you know how to play hyips. If you know how to avoid the many traps and pitfalls, you can multiply your initial investment capital in a relatively short time.
Hyips are undeniably not the most secure way to build your wealth in the long run. Most hyip players hope to raise substantial capital through hyips so that they can then move on to genuine programs that offers much lower return but which normally require larger initial capital.
So if you still want to invest in hyips despite the high risks, always remember the following rules :
(1) Never use your grocery money.
(2) Never borrow money to invest in hyips.
(3) Do some due diligence before investing.
(4) Diversify into a few different types of hyips.
(5) Withdraw your capital as soon as possible.
(6) Don't join hyips promoted through spam emails.
(7) Never fall in love with any hyip. You will be doomed for a major heartbreak if you love a hyip so much that you keep on compounding your earnings. Hyips are not built to last!
(8) Adopt a hit-and-run strategy. Just play one or two rounds and then get out!
(9) Visit hyip forums often to read the latest posts on the hyips that you have invested in. As soon as you perceive any red flags, try to exit as fast as you can. It is better to earn less than to be sorry!
(10) Control your greed.
(11) Try to focus on the more stable and reliable programs. Have patience. Slow and steady win the race!
(12) Beware of HYIP monitors. Hyip monitors are websites that list and often promote hyips for referral commissions. They are often paid by hyips and therefore lack credibility. They are supposed to label hyip programs as either "Paying" or "Not Paying" based on the actual situation. Just remember that they may have hidden agendas.
When you begin investing in hyips, it is inevitable that you will take some hits along the way. Learn from them. If you stick to the 12 rules mentioned above, you will take much less hits than some one who ventures into hyips blindly. You will greatly reduce the painful learning curve. And you may truly make a small fortune from your hyip ventures.
"It requires a great deal of boldness and a great deal of caution to make a great fortune, and when you have it, it requires ten times as much skill to keep it." Ralph Waldo Emerson
Monday, May 07, 2007
The Treasure by Alice Grey
The cheerful girl with bouncy curls was almost five. Waiting with her mother at the checkout stand, she saw them, a circle of glistening white pearls in a pink foil box.
"Oh, please, mommy, can I have them? Can I have them? Please, Please, mommy?"
Quickly the mother checked the back of the little foil box and then looked into the pleading blue eyes of her little girl's upturned face.
"A dollar and ninety-five cents. That's almost two dollars. If you really want them, in no time, you can save enough to buy them for yourself. Your birthday is only a week away and you might get another crisp dollar bill from Grandma."
As soon as Jenny got home, the little girl emptied her penny box and counted out seventeen pennies. After dinner, she did more than her share of chores and went to the neighbors and asked Mrs McJames if she could pick dandelions for ten cents. On her birthday, Grandma did give her another new dollar bill and at last she had enough money to buy the necklace.
Jenny loved her pearls. They made her feel dressed up and grown up. She wore them everywhere, even to bed. The only time she took them off was when she was swimming or had a bubble bath. Mother had said that if they got wet, they might turn the back of her neck green.
Jenny had a very loving daddy and every night when she went to bed, he would stop whatever he was doing and come upstairs to read her a story. One night when he had finished the story, he asked Jenny.
"Do you love me?"
"Oh, yes, Daddy, you know I love you."
"Then give me your pearls."
"Oh, Daddy, not my pearls, but you can have Princess, the white horse, from my collection. The one with the pink tail, remember daddy? The one you gave me. She is my favorite."
"That's ok, honey."
He brushed her cheek with a kiss. About a week later, after the story, Jenny's daddy asked again.
"Do you love me?"
"Daddy, you know I love you.:
"Then give me the pearls."
"Oh, daddy, not my pearls, but you can have my baby doll and you can have the yellow blanket that matches her sleeper."
"That's ok, sleep well. God bless you, little one. Daddy loves you."
And as always he brushed her cheek with a gentle kiss. A few nights later when Daddy came in, Jenny was sitting on her bed with her legs crossed in Indian style. As he came close, he noticed her chin was trembling and one silent tear ran down her cheek.
"What is it?"
Jenny did not say anything but lifted her little hand up to her daddy and when she opened it, there was her pearl necklace. With a little quiver, she finally said,
"Here, Daddy, it's for you."
With tears gathering in his own eyes, Jenny's kind daddy reached out with one hand to take the dime store necklace and with the other hand, he reached into his pocket and pulled out a blue velvet case with a strand of genuine pearls and gave them to Jenny. He had them all the time. He was waiting for her to give up the dime store stuff so he could give her a genuine treasure.
What are you holding on to that is preventing you from getting the genuine treasure? What limiting beliefs are holding you back? What misconceptions about money are you clinging to? It is time to let go.
Have the courage to seek out change. Change is painful.Most people won't change until the pain of where they are exceeds the pain of change. When it comes to money, we can be like the toddler in a soiled diaper. "I know it smells bad, but it's warm and it's mine." Only when the rash comes will we cry out. If you keep doing the same things, you will keep getting the same results. You are where you are right now financially as a sum total of the decisions you've made to this point.
If you will live like no one else, later you can live like no one else.
(Note: The above story and key points are from the book "The Total Money Makeover" by Dave Ramsey.)
The cheerful girl with bouncy curls was almost five. Waiting with her mother at the checkout stand, she saw them, a circle of glistening white pearls in a pink foil box.
"Oh, please, mommy, can I have them? Can I have them? Please, Please, mommy?"
Quickly the mother checked the back of the little foil box and then looked into the pleading blue eyes of her little girl's upturned face.
"A dollar and ninety-five cents. That's almost two dollars. If you really want them, in no time, you can save enough to buy them for yourself. Your birthday is only a week away and you might get another crisp dollar bill from Grandma."
As soon as Jenny got home, the little girl emptied her penny box and counted out seventeen pennies. After dinner, she did more than her share of chores and went to the neighbors and asked Mrs McJames if she could pick dandelions for ten cents. On her birthday, Grandma did give her another new dollar bill and at last she had enough money to buy the necklace.
Jenny loved her pearls. They made her feel dressed up and grown up. She wore them everywhere, even to bed. The only time she took them off was when she was swimming or had a bubble bath. Mother had said that if they got wet, they might turn the back of her neck green.
Jenny had a very loving daddy and every night when she went to bed, he would stop whatever he was doing and come upstairs to read her a story. One night when he had finished the story, he asked Jenny.
"Do you love me?"
"Oh, yes, Daddy, you know I love you."
"Then give me your pearls."
"Oh, Daddy, not my pearls, but you can have Princess, the white horse, from my collection. The one with the pink tail, remember daddy? The one you gave me. She is my favorite."
"That's ok, honey."
He brushed her cheek with a kiss. About a week later, after the story, Jenny's daddy asked again.
"Do you love me?"
"Daddy, you know I love you.:
"Then give me the pearls."
"Oh, daddy, not my pearls, but you can have my baby doll and you can have the yellow blanket that matches her sleeper."
"That's ok, sleep well. God bless you, little one. Daddy loves you."
And as always he brushed her cheek with a gentle kiss. A few nights later when Daddy came in, Jenny was sitting on her bed with her legs crossed in Indian style. As he came close, he noticed her chin was trembling and one silent tear ran down her cheek.
"What is it?"
Jenny did not say anything but lifted her little hand up to her daddy and when she opened it, there was her pearl necklace. With a little quiver, she finally said,
"Here, Daddy, it's for you."
With tears gathering in his own eyes, Jenny's kind daddy reached out with one hand to take the dime store necklace and with the other hand, he reached into his pocket and pulled out a blue velvet case with a strand of genuine pearls and gave them to Jenny. He had them all the time. He was waiting for her to give up the dime store stuff so he could give her a genuine treasure.
What are you holding on to that is preventing you from getting the genuine treasure? What limiting beliefs are holding you back? What misconceptions about money are you clinging to? It is time to let go.
Have the courage to seek out change. Change is painful.Most people won't change until the pain of where they are exceeds the pain of change. When it comes to money, we can be like the toddler in a soiled diaper. "I know it smells bad, but it's warm and it's mine." Only when the rash comes will we cry out. If you keep doing the same things, you will keep getting the same results. You are where you are right now financially as a sum total of the decisions you've made to this point.
If you will live like no one else, later you can live like no one else.
(Note: The above story and key points are from the book "The Total Money Makeover" by Dave Ramsey.)
Sunday, May 06, 2007
A Word of Thanks
I wish to express my gratitude to John of 9planetreviews for his emails and for placing my blog link on his blog. John, you have really boosted my morale with your comments and instilled in me a burning desire to really achieve something great with blogging and Google Adsense.
My heartfelt thanks also go to Elyn of moneymakersgroup.blogspot.com for showing me the potential of Google Adsense. Elyn, thank you and may you achieve great success in your online endeavors.
I also wish to acknowledge all those readers who have written to me with your uplifting comments. For a newcomer to blogging, I have been greatly moved by your comments.
Special thanks also go to my friends Ken Cho, Emily Kong, John Wong, Lilah, Jenny Hiu, Sophia, Yvonne, Poh Ted Ang & Poh Teck Lim for their encouragement and support.
To all those who have been reading my blogs, my sincere thanks go out to each and everyone of you. Terima kasih! That is the Malaysian way of saying thank you.
Last but not the least, I also wish to thank my wife Jennie and my two sons Clarence & Leslie for their support. You are the pillars of my life!
I wish to express my gratitude to John of 9planetreviews for his emails and for placing my blog link on his blog. John, you have really boosted my morale with your comments and instilled in me a burning desire to really achieve something great with blogging and Google Adsense.
My heartfelt thanks also go to Elyn of moneymakersgroup.blogspot.com for showing me the potential of Google Adsense. Elyn, thank you and may you achieve great success in your online endeavors.
I also wish to acknowledge all those readers who have written to me with your uplifting comments. For a newcomer to blogging, I have been greatly moved by your comments.
Special thanks also go to my friends Ken Cho, Emily Kong, John Wong, Lilah, Jenny Hiu, Sophia, Yvonne, Poh Ted Ang & Poh Teck Lim for their encouragement and support.
To all those who have been reading my blogs, my sincere thanks go out to each and everyone of you. Terima kasih! That is the Malaysian way of saying thank you.
Last but not the least, I also wish to thank my wife Jennie and my two sons Clarence & Leslie for their support. You are the pillars of my life!
Time Value of Money
"I finally know what distinguishes man from other beasts: financial worries." Jules Renard
What is time value of money? The value of a dollar today will not be the same as the value of one dollar in the future due to inflation. Inflation erodes the purchasing power of our money.
Your personal inflation rate is calculated based on a basket of goods and services that you consume personally and would include groceries, toiletries, clothes that you buy, the restaurants you go for your meals, the holidays that you take, the movie tickets that you buy. Your personal inflation rate is an indication of your personal lifestyle. You should ascertain that you can control and manage your spending and be mindful of your cost of living.
How does your personal inflation rate affect the value of your money in relation to time? You can use the Rule of 72 to compute approximately the time period your value of money will be reduced to half from today's value for a given amount of money that you have now, based on the the quantum of the inflation rate that you experience.
If the inflation rate is say 6%, the purchasing power of your $1 will be worth about 50 cents in about 12 years' time (72 divided by 6 gives 12). The higher your personal inflation rate, the faster the value of your money will be reduced. It is therefore crucial that your money is invested at a rate higher than your personal inflation rate or else your purchasing power will be reduced over time.
Likewise, if you want to know the time frame needed to double your money for a given annual interest rate, apply the Rule of 72 again. If your bank offers you 3%, it will take about 24 years for your money to double (72 divided by 3 equals 24). If you have an investment opportunity that offers say 24%, it will take only about 3 years for your money to double.
If you are looking for some reliable programs which can offer much higher returns than your bank, you can explore some of the programs listed on my list of reliable programs. However bear in mind that though these programs have been performing well, past performance is not a guarantee of future performance. Invest only what you can afford to lose and never borrow money to invest.
"If you think nobody cares if you're alive, try missing a couple of car payments."
"I finally know what distinguishes man from other beasts: financial worries." Jules Renard
What is time value of money? The value of a dollar today will not be the same as the value of one dollar in the future due to inflation. Inflation erodes the purchasing power of our money.
Your personal inflation rate is calculated based on a basket of goods and services that you consume personally and would include groceries, toiletries, clothes that you buy, the restaurants you go for your meals, the holidays that you take, the movie tickets that you buy. Your personal inflation rate is an indication of your personal lifestyle. You should ascertain that you can control and manage your spending and be mindful of your cost of living.
How does your personal inflation rate affect the value of your money in relation to time? You can use the Rule of 72 to compute approximately the time period your value of money will be reduced to half from today's value for a given amount of money that you have now, based on the the quantum of the inflation rate that you experience.
If the inflation rate is say 6%, the purchasing power of your $1 will be worth about 50 cents in about 12 years' time (72 divided by 6 gives 12). The higher your personal inflation rate, the faster the value of your money will be reduced. It is therefore crucial that your money is invested at a rate higher than your personal inflation rate or else your purchasing power will be reduced over time.
Likewise, if you want to know the time frame needed to double your money for a given annual interest rate, apply the Rule of 72 again. If your bank offers you 3%, it will take about 24 years for your money to double (72 divided by 3 equals 24). If you have an investment opportunity that offers say 24%, it will take only about 3 years for your money to double.
If you are looking for some reliable programs which can offer much higher returns than your bank, you can explore some of the programs listed on my list of reliable programs. However bear in mind that though these programs have been performing well, past performance is not a guarantee of future performance. Invest only what you can afford to lose and never borrow money to invest.
"If you think nobody cares if you're alive, try missing a couple of car payments."
Friday, May 04, 2007
The Online University of Hard Knocks
"The safe way to double your money is to fold it over once and put it in your pocket." Frank Hubbard
The greatest online school of investing is the Online University of Hard Knocks. Its books are scam programs often disguised as high yield investment programs or HYIP. Its teachers are scam artists.
Every scam is a lesson. If we learn something from one scam, we gain experience. The tuition in the Online University of Hard Rocks is not free. Indeed it can be very costly as many of us have learned.
We never graduate. When we stop learning we are ready for another scam. There are two kinds of people - wise people and fools. The fools are the people who think they have graduated.
We are lucky if we learn the lesson with one scam. We are unlucky when we get scammed over and over again by the same scam artists, for it means we are not making any progress.
Each time you get scammed try to learn the lesson of the scam so that when you see a similar scam again you can say "Excuse me;this has a familiar look" and dodge it.
We are like raw material - material that needs more knocks to make it more useful and valuable. There is no human diamond that has not been crystallized in the crucibles of affliction . There is no gold that has not been refined in the fire.
Having said all these, you can still make good money from hyips provided you know how to play them. Always adopt a hit-and-run strategy, spread your investment in a few such programs after doing some due diligence on them and never fall in love with any hyip. If you fall in love with any hyip and keep on compounding your earnings, you are setting yourself up for a big big heartbreak!
"If God only gave me a clear sign; like making a large deposit in my name at a Swiss bank." Woody Allen
"The safe way to double your money is to fold it over once and put it in your pocket." Frank Hubbard
The greatest online school of investing is the Online University of Hard Knocks. Its books are scam programs often disguised as high yield investment programs or HYIP. Its teachers are scam artists.
Every scam is a lesson. If we learn something from one scam, we gain experience. The tuition in the Online University of Hard Rocks is not free. Indeed it can be very costly as many of us have learned.
We never graduate. When we stop learning we are ready for another scam. There are two kinds of people - wise people and fools. The fools are the people who think they have graduated.
We are lucky if we learn the lesson with one scam. We are unlucky when we get scammed over and over again by the same scam artists, for it means we are not making any progress.
Each time you get scammed try to learn the lesson of the scam so that when you see a similar scam again you can say "Excuse me;this has a familiar look" and dodge it.
We are like raw material - material that needs more knocks to make it more useful and valuable. There is no human diamond that has not been crystallized in the crucibles of affliction . There is no gold that has not been refined in the fire.
Having said all these, you can still make good money from hyips provided you know how to play them. Always adopt a hit-and-run strategy, spread your investment in a few such programs after doing some due diligence on them and never fall in love with any hyip. If you fall in love with any hyip and keep on compounding your earnings, you are setting yourself up for a big big heartbreak!
"If God only gave me a clear sign; like making a large deposit in my name at a Swiss bank." Woody Allen
Thursday, May 03, 2007
A Shining Beacon In The Online Investing Arena
"The most powerful invention of man is compound interest." Einstein
I have been participating in online investment programs for a couple of years and have seen hundreds of programs come and go. It is like a minefield. However one program has shone like a beacon and in my honest opinion, this program is one of the best online investment programs. It has been around for over 3 years with an impeccable record of prompt payment. Due to the membership terms and conditions, I cannot disclose the program name and other confidential information.
The program's average monthly ROI is about 10%. For those who snicker at this "low" rate of return, let me enlighten you on the power of compound interest. At 10% monthly ROI and 100% compounding, $100 would grow to about $313 at the end of one year, $984 at the end of two years and about $30,480 at the end of five years. If you start with $1000, your investment would balloon to over $304,480 at the end of five years. Is five years too long for you to wait? If you answer "yes", I guess you are suffering from AIGS (Acute Instant Gratification Syndrome).
Anyone who is interested to join this program can contact me at cybizlim@yahoo.com for an invitational code. This is truly a program you will be glad to be part of.
"The most popular labor-saving device is still money." Phyllis George
"The most powerful invention of man is compound interest." Einstein
I have been participating in online investment programs for a couple of years and have seen hundreds of programs come and go. It is like a minefield. However one program has shone like a beacon and in my honest opinion, this program is one of the best online investment programs. It has been around for over 3 years with an impeccable record of prompt payment. Due to the membership terms and conditions, I cannot disclose the program name and other confidential information.
The program's average monthly ROI is about 10%. For those who snicker at this "low" rate of return, let me enlighten you on the power of compound interest. At 10% monthly ROI and 100% compounding, $100 would grow to about $313 at the end of one year, $984 at the end of two years and about $30,480 at the end of five years. If you start with $1000, your investment would balloon to over $304,480 at the end of five years. Is five years too long for you to wait? If you answer "yes", I guess you are suffering from AIGS (Acute Instant Gratification Syndrome).
Anyone who is interested to join this program can contact me at cybizlim@yahoo.com for an invitational code. This is truly a program you will be glad to be part of.
"The most popular labor-saving device is still money." Phyllis George
Wednesday, May 02, 2007
Essential Money Skills
"All I ask is the chance to prove that money can't make me happy." Spike Milligan
Prosperity is a Latin word meaning "to be in the flow". Everyone of us is in the flow when we are thinking right, talking right, acting right, and living right. When we are thinking positively and correctly, we are into mobilization and we start taking the right action to get the right results.
What is wealth? Someone succinctly defines wealth as being measured in time, not in dollars. How many days forward can you survive based on your assets?
The key to wealth is to realize that in life you get to choose from one of two doors. You're either going to choose the door marked "freedom" or you're going to choose the door marked "security". If you choose the latter, you lose both. But if you choose the door marked "freedom", it doesn't mean that you won't lose, it doesn't mean that you won't feel insecure. But eventually you end up having not only freedom but the security too. Taking risks allows us to grow and move forward. Every time we take risk, we may get an outcome that we are not familiar with. We have to risk being uncomfortable. The thing that is keeping most people stuck, and why they don't succeed more, is that they are not willing to be uncomfortable. It's uncomfortable to try a new behavior because we are not sure what is the outcome. But if we keep on doing what we have always done, we are going to keep on getting what we have always gotten. If we are unhappy with what we are getting, we have got to change our behavior. Move out of the comfort zone. Have faith in yourself. Remember this quotation: Fear knocked on the door. Faith opened the door and there was no one there.
Pick an area that you really love. The key is to have a passion for something. Focus intensely on it and do work during the time when you are not working at your regular job. Set yourself up so that 5 to 10 years from today you're free.
Always strive to develop multiple streams of income and these must be residual income. Have your money growing into wealth creation rates of return.
There are seven essential money skills:
(1) Value every dollar bill because every dollar bill is a money seed. If you plant a money seed in fertile soil ( sound investments) you will be able to harvest money (interest, dividends, profits and the like) from that money tree for the rest of your life without ever harming the tree (your principal). If you can remember this every time you hand over one or more of your money tree seeds to someone else, perhaps you will be inclined to give fewer of them away.
(2) Learn to control money.
(3) Save the money. Try to adopt the 3 piggy banks concept every day: (i)Tithes & Charity (ii) Savings (iii) Investment.
(4) Learn how to invest your money. Not investing is risky. Risk is allowing your financial destiny to be under someone else's control.
(5) Learn how to make money. This is different from investing which is passive. You can make money in real estate or owning a business.
(6) Learn to shield your money from the dangers of this world.
(7) Share your money especially with the needy and the under-privileged. God loves a cheerful giver. The minute you tithe, you open up the universe to you; because it changes your attitude; because every cause has an effect. And it's got a third part to it: A total result that you cannot even start to know. The beautiful thing about the total result is that it compounds. Out of abundance he took abundance and still abundance remains.
Universe rewards action, not thinking. A good plan without action does not work. And always ask for help, assistance, support to make your dreams come true. Ask and you shall receive. The biggest thing that stops most people from being successful is that they think they are not good enough of something. Embrace the "I am enough" concept. The way you become enough is by taking action and learning from your experience. Set goals high enough that in the process of achieving these goals, you become someone worth being. IT IS WHAT YOU BECOME NOT WHAT YOU POSSESS THAT IS IMPORTANT!
I close this post with yet another funny quote about money:
"We didn't actually overspend our budget. The allocation simply fell short of our expenditure'" Keith Davis
"All I ask is the chance to prove that money can't make me happy." Spike Milligan
Prosperity is a Latin word meaning "to be in the flow". Everyone of us is in the flow when we are thinking right, talking right, acting right, and living right. When we are thinking positively and correctly, we are into mobilization and we start taking the right action to get the right results.
What is wealth? Someone succinctly defines wealth as being measured in time, not in dollars. How many days forward can you survive based on your assets?
The key to wealth is to realize that in life you get to choose from one of two doors. You're either going to choose the door marked "freedom" or you're going to choose the door marked "security". If you choose the latter, you lose both. But if you choose the door marked "freedom", it doesn't mean that you won't lose, it doesn't mean that you won't feel insecure. But eventually you end up having not only freedom but the security too. Taking risks allows us to grow and move forward. Every time we take risk, we may get an outcome that we are not familiar with. We have to risk being uncomfortable. The thing that is keeping most people stuck, and why they don't succeed more, is that they are not willing to be uncomfortable. It's uncomfortable to try a new behavior because we are not sure what is the outcome. But if we keep on doing what we have always done, we are going to keep on getting what we have always gotten. If we are unhappy with what we are getting, we have got to change our behavior. Move out of the comfort zone. Have faith in yourself. Remember this quotation: Fear knocked on the door. Faith opened the door and there was no one there.
Pick an area that you really love. The key is to have a passion for something. Focus intensely on it and do work during the time when you are not working at your regular job. Set yourself up so that 5 to 10 years from today you're free.
Always strive to develop multiple streams of income and these must be residual income. Have your money growing into wealth creation rates of return.
There are seven essential money skills:
(1) Value every dollar bill because every dollar bill is a money seed. If you plant a money seed in fertile soil ( sound investments) you will be able to harvest money (interest, dividends, profits and the like) from that money tree for the rest of your life without ever harming the tree (your principal). If you can remember this every time you hand over one or more of your money tree seeds to someone else, perhaps you will be inclined to give fewer of them away.
(2) Learn to control money.
(3) Save the money. Try to adopt the 3 piggy banks concept every day: (i)Tithes & Charity (ii) Savings (iii) Investment.
(4) Learn how to invest your money. Not investing is risky. Risk is allowing your financial destiny to be under someone else's control.
(5) Learn how to make money. This is different from investing which is passive. You can make money in real estate or owning a business.
(6) Learn to shield your money from the dangers of this world.
(7) Share your money especially with the needy and the under-privileged. God loves a cheerful giver. The minute you tithe, you open up the universe to you; because it changes your attitude; because every cause has an effect. And it's got a third part to it: A total result that you cannot even start to know. The beautiful thing about the total result is that it compounds. Out of abundance he took abundance and still abundance remains.
Universe rewards action, not thinking. A good plan without action does not work. And always ask for help, assistance, support to make your dreams come true. Ask and you shall receive. The biggest thing that stops most people from being successful is that they think they are not good enough of something. Embrace the "I am enough" concept. The way you become enough is by taking action and learning from your experience. Set goals high enough that in the process of achieving these goals, you become someone worth being. IT IS WHAT YOU BECOME NOT WHAT YOU POSSESS THAT IS IMPORTANT!
I close this post with yet another funny quote about money:
"We didn't actually overspend our budget. The allocation simply fell short of our expenditure'" Keith Davis
Tuesday, May 01, 2007
Are You Ready For Prosperity?
"Part of the $10 million I spent on gambling, part on booze and part on women. The rest I spent foolishly." George Raft
About thirteen years ago, a friend of mine won about RM1 million (equivalent to more than a quarter million in US dollars)in the lottery. For years, he had dreamed about becoming rich He was elated at his great fortune and thought he would be able to give his family a comfortable life from then on.
Greed crept in. I guess there is a lot of truth in the saying that love of money is the root of all evils. This friend of mine started conjuring up dreams of more millions as he felt that Lady Luck was shining so kindly on him. He began betting huge sums of money on the lottery. Within a couple of years, all the money was gone. He was worse off than he was before he struck the lottery.
It is amazing how many people had come into unexpected money -often through winning the lottery- and months or years later, they were worse off than they were before their fortunes changed.
The problem with these people is that their financial situation changed before they were ready for abundance. They weren't prosperity-conscious and their lives reflected their lack of self-worth.
We need to plan for a new life position and make some changes on the level of thoughts, beliefs and emotions. If we have a poor self-image, for instance, we may feel uncomfortable when we start making big money and end up doing something to sabotage ourselves.
Examine your spending habits. It is often said that your cheque book reveals what sort of person you are. Review how you are living your life. Ask yourself what your priorities are. What are your money feelings? Read books on money management and wealth creation. Seek advice from financial planners.
Let's us begin our journey to prosperity!
"I've been rich and I've been poor:Rich is better." Sophie Tucker
"Part of the $10 million I spent on gambling, part on booze and part on women. The rest I spent foolishly." George Raft
About thirteen years ago, a friend of mine won about RM1 million (equivalent to more than a quarter million in US dollars)in the lottery. For years, he had dreamed about becoming rich He was elated at his great fortune and thought he would be able to give his family a comfortable life from then on.
Greed crept in. I guess there is a lot of truth in the saying that love of money is the root of all evils. This friend of mine started conjuring up dreams of more millions as he felt that Lady Luck was shining so kindly on him. He began betting huge sums of money on the lottery. Within a couple of years, all the money was gone. He was worse off than he was before he struck the lottery.
It is amazing how many people had come into unexpected money -often through winning the lottery- and months or years later, they were worse off than they were before their fortunes changed.
The problem with these people is that their financial situation changed before they were ready for abundance. They weren't prosperity-conscious and their lives reflected their lack of self-worth.
We need to plan for a new life position and make some changes on the level of thoughts, beliefs and emotions. If we have a poor self-image, for instance, we may feel uncomfortable when we start making big money and end up doing something to sabotage ourselves.
Examine your spending habits. It is often said that your cheque book reveals what sort of person you are. Review how you are living your life. Ask yourself what your priorities are. What are your money feelings? Read books on money management and wealth creation. Seek advice from financial planners.
Let's us begin our journey to prosperity!
"I've been rich and I've been poor:Rich is better." Sophie Tucker
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