Often, we are not happy with our exisitng environment, jobs, employer, partner and the list goes on. If only I have enough moeny, that would be much better. My personal quote would be "Money can't solve all my problems, but it allow me to handle it in style"
Heck its better to sit my worries out at chimes over a chill wine rather that in the public toliet. (just an example)
For most of us out, ideally its good to run a business where we don not need to manage much and is able to general a hefty income that allows us to seek our passion or take up a lower paying job in a much stress-less environment.
What is a good business idea? would it stand out from many others out there? To identify a niche market to work with., we can first identify the demographic tread of the country we want to work on. the age, the population, single vs married and so forth. that will allow us to indentify the habbits of spending of the population. Would that idea I have be of success? what is the % of audience can i reach in this current demographic?
Next step, we look at whats profitable in the country. Which industy is performing? Whats the top players in that field? Can I do better then them? (Example would be the food industy) where such improvement are seen. Serving a delicious chicken rice is no longer enough, my staff has to wear a set of uniform. if thats not enough, i have my food serve in a specially design set of cutlery and its goes on.
Its a continous process to be at the top. Its take effort to get there and even more effort to widen the gap. Bread with pork floss is never enough.. Look out for what works and what fails.
The other area where busienss ideas can be created are from problems and fustration. If i face it often, would other people be facing it? If i can solve it in an affortable, efficient way. Would any company like to market it? (Example, vcr to vcd to dvd. because there is a problem of needing more space to cater to higher quality videos, the media where we watch our movies keep changing.) Whats next after Blu-ray? 1TB storage in a waffer thin square plate like our sim card?
To generate nothing out of something is normally harder, its like reinventing the wheel. A set of guildline that can be use to build your business on.
Magnify/Minify. example of minify would be pc to laptop and magnify would be provision shop to mega mart.
Modify/Adapt.example would be chair. A wooden 4 legged chair, a wooden chair with backrest to full leather chair with roller wheels. its still a chair to begin with....
Mix/Combine.example would be wireless transmitter with ports for lan.no need for addition equipment. another example would be camera with phones. No one thought they need it together, now they want the best pixel with carls lens / auto focus.
Removal/Elimation.example would be bus ticket checker to auto tapping in/out. Land line phone to mobile phone. Such removal allows faster process & mobilibity thus its marketable.
Replacement.example like traditional green tea, process with peach and its sold as another favour or fills in buns and bread exchanging with something fresh and new to attract more buyers.
This are just a few ways to turn your passion into idea that are profitable and marketable.
Limiting belife are what stop us from take certain action, by identifying it we are able to overcome it and take the desire action.
Not all ideas has to be great ideas but one idea is enough to make a difference .
Thursday, August 23, 2007
Tips on better relationship with your partner
It's always a fact that dog don't see eye to eye with a cat. Same goes for Man and woman. there always conflict as when they try to communication.
My friend recently gave me a book title "Men Are from Mars, Women Are from Venus by John Gray" As I myself embarked on a journey of relationship for about 1 year plus. He pass me that book hoping
it help in me learning the 'ropes' faster.
I must say that its a interesting read and allow me to have a understanding of why women just can't think like men.
Below are a few points shared by John Gray
The book covers both the women and men behavious and the book is a interesting read. For starters like me, this books serve as a reminder on lines i should not cross and ways to solve a problem that i have created.
Other pointes that I learn is that when a couple is married and is finding it hard to save moeny. They should avoid window shopping thus reducing impulse buying. Take up activies that 'free', spending time in a park, doing sports and most important of all is to review their spending at the end of the year.
"Men Are from Mars, Women Are from Venus by John Gray" has been around for quite a while and i personally feel this is a classic read that I'm proud to have in my bookshelf.
My friend recently gave me a book title "Men Are from Mars, Women Are from Venus by John Gray" As I myself embarked on a journey of relationship for about 1 year plus. He pass me that book hoping
it help in me learning the 'ropes' faster.
I must say that its a interesting read and allow me to have a understanding of why women just can't think like men.
Below are a few points shared by John Gray
- Listen more, don't talk back. (be in advice, solutions or views)
- See her as someone important, like how you would hear out your buddies
- Don point out, pick apart her views and validate it
- Actions speak louder then words for a woman. Do it.
The book covers both the women and men behavious and the book is a interesting read. For starters like me, this books serve as a reminder on lines i should not cross and ways to solve a problem that i have created.
Other pointes that I learn is that when a couple is married and is finding it hard to save moeny. They should avoid window shopping thus reducing impulse buying. Take up activies that 'free', spending time in a park, doing sports and most important of all is to review their spending at the end of the year.
"Men Are from Mars, Women Are from Venus by John Gray" has been around for quite a while and i personally feel this is a classic read that I'm proud to have in my bookshelf.
Tuesday, August 21, 2007
Lesson from Getai
Its the lunar seventh month of the Chinese calendar. In the first time of my life, I stop by to see what is a Getai is about. It’s a big event once a year where show host, comedians, magicians, opera performers and singers all come together to perform. The sounds sung are mainly local dialects and the jokes and conversation performers and host exchanges on stage occasional have the audience in fits of laughter.
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The age and size of audience varies from district, from a small car park to a open field size with children accompany by parents to old folks seating together with their neighbors. What got me surprise was that I never thought of coming for one until recently with the launch of local produced movie 881 by Royston Tan. It’s a movie tribute to Chen Jin Lang, a Singapore Getai songwriting legend who past away in august 06.
What got me impress was that the setting up such a concert is old school event management. There no fancy company running the show. It’s all done by the local neighborhood community.
(normally the wet/dry market group) through their context, they hired a band, set up the stage and event space to even providing free flow buffet! Not the mention the Getai singer that basically run from 1 stage to another. (I seriously think event company are evolved from such operations)
It got me wondering is that, with the skills and voice the Getai singer have, why ain’t they famous and big. I have yet to watch 881. I believe the movie will allow me a better inside to understand. Its a pity that I din master my dialect well and is only able to under a word or a
sentence when they speak.
Its amaze me on the fact that people come together once a year to organize such a event and there little hip-ups. Though there’s lack of nice cushion chairs, high quality speakers or smartly dress waitress, I truly believe all the audience present enjoy themselves.
For me, it’s an opportunity to get in touch with my roots, dialect language and joke cracks by older generation are no longer visible as we aged and disengaged in some cases.
Songs sung are often full of means and thought provoking. I like to salute the Getai Singers for keeping the old cultive alive and fun. It’s something that very Singapore in term of religion and culture. I look forward to my open concert next year.
Monday, August 20, 2007
Finding My Strength
Often in life, we wonder what we are good at. During interview, we think up of positive characteristic to associate with us and our personality.
Sometime its correct sometime is way off the mark, cause those ‘strengths’ could be work environment created. Take for example, I’m a outgoing person with a chatty personality (good sales person) but I’m working as a accountant / auditor which require me to be detail and very business with my clients. Thus detail and discipline is a character by work not by self.
Strengths Finder 2.0 is a book that help people undercover their individual talent. Rather than sticking to the norm of “If you try hard enough, you can be anything you want to be.” Strength Finder Creator Don Clifton and a group of Gallup scientists goes by another saying “you can’t be anything you want to be, but you can be a lot more better of who you really are.”
Through their years of research, employee are most disengaged from their work when manager focus on their weakness, ranked by manger who don’t bother with the employee and lastly it’s a low of 1% for employee to be disengaged from work if their manager focus on their strength.
Through buying a hard cover copy of Strengths Finder 2.0, each individual is entitle to take a 30min online test at www.strengthsfinder.com with a unique key provided in the book. This test allow us to tap into the expertise of Gallup where they classified our individual strength into 34 themes with action plans and strategies on capitalizing your top 5 themes.
My top 5 themes are harmony, restorative, responsibility, learner & input. Its allow us to have a 2nd opinion of who we really are and how best we can utilize our strength in our career and life. It’s a simple formula Talent (the top 5 themes, character that is natural to us and we act instinctively) x Effort (time and energy spend into practicing and polishing the skills) = Strength( the power to constantly perform at our personal peak)
Knowing ourself is the first step to a vast canyon. Give the above test a try and see if they are results are as you expected~ We could be lying to ourself all along.
Sometime its correct sometime is way off the mark, cause those ‘strengths’ could be work environment created. Take for example, I’m a outgoing person with a chatty personality (good sales person) but I’m working as a accountant / auditor which require me to be detail and very business with my clients. Thus detail and discipline is a character by work not by self.
Strengths Finder 2.0 is a book that help people undercover their individual talent. Rather than sticking to the norm of “If you try hard enough, you can be anything you want to be.” Strength Finder Creator Don Clifton and a group of Gallup scientists goes by another saying “you can’t be anything you want to be, but you can be a lot more better of who you really are.”
Through their years of research, employee are most disengaged from their work when manager focus on their weakness, ranked by manger who don’t bother with the employee and lastly it’s a low of 1% for employee to be disengaged from work if their manager focus on their strength.
Through buying a hard cover copy of Strengths Finder 2.0, each individual is entitle to take a 30min online test at www.strengthsfinder.com with a unique key provided in the book. This test allow us to tap into the expertise of Gallup where they classified our individual strength into 34 themes with action plans and strategies on capitalizing your top 5 themes.
My top 5 themes are harmony, restorative, responsibility, learner & input. Its allow us to have a 2nd opinion of who we really are and how best we can utilize our strength in our career and life. It’s a simple formula Talent (the top 5 themes, character that is natural to us and we act instinctively) x Effort (time and energy spend into practicing and polishing the skills) = Strength( the power to constantly perform at our personal peak)
Knowing ourself is the first step to a vast canyon. Give the above test a try and see if they are results are as you expected~ We could be lying to ourself all along.
Friday, August 17, 2007
Self Imaging Makes A Difference Part.2
Continuing from where I left off to yesterday post. One thing that is important is that you must have an eye for color.
Is the color, loud or mute? Which season does it fall under? Is it more yellow or blue?
These are elaborate in details by Jill and it gives you the perspective that it’s a whole lot more out there then my work and my life.
Colors can bring life to a person, a typical exam is the color black, and it’s a color of power. It emits a sense of control. That’s maybe the reason why politicians wear black suits all the time.
The next area of Self Imaging beside clothing and colors is our face. The hair style we have and the type of eye wares. Hair style, spiky, messy gel up hair is normally associated with the young and adventurous sometime classified as creative. Unkempt hear, that’s short, or covering the forehead can be consider sporty. And hair that is style similar to creative but with a few strands coming down are consider romantic.
The most common hair that we are exposed to is hair comb with a parting for left to right or vise verse. This can be classified under a very traditional hair style. There’s a whole life of other classification that will allows you to sum up a person by first look.
Follow your facial shape when choosing an eye ware, allow it to look natural and blend in rather than stand out and have a conflict. The length of one face determines what type of frames that is recommended. Thick or thin, near the top of the frame or in the middle of the lens?
All in all, Fashion and self image is a whole big top that I find it a whole lot of interesting and opens a whole lot of opportunities for every one of us if we try.
Is the color, loud or mute? Which season does it fall under? Is it more yellow or blue?
These are elaborate in details by Jill and it gives you the perspective that it’s a whole lot more out there then my work and my life.
Colors can bring life to a person, a typical exam is the color black, and it’s a color of power. It emits a sense of control. That’s maybe the reason why politicians wear black suits all the time.
The next area of Self Imaging beside clothing and colors is our face. The hair style we have and the type of eye wares. Hair style, spiky, messy gel up hair is normally associated with the young and adventurous sometime classified as creative. Unkempt hear, that’s short, or covering the forehead can be consider sporty. And hair that is style similar to creative but with a few strands coming down are consider romantic.
The most common hair that we are exposed to is hair comb with a parting for left to right or vise verse. This can be classified under a very traditional hair style. There’s a whole life of other classification that will allows you to sum up a person by first look.
Follow your facial shape when choosing an eye ware, allow it to look natural and blend in rather than stand out and have a conflict. The length of one face determines what type of frames that is recommended. Thick or thin, near the top of the frame or in the middle of the lens?
All in all, Fashion and self image is a whole big top that I find it a whole lot of interesting and opens a whole lot of opportunities for every one of us if we try.
Wednesday, August 15, 2007
Self Imaging Makes A Difference Part.1
Today I attend a full day talk by Jill on how to transform ourself for sucesss by apperance provided by my company prudential
Statistic shown that for a first time sales appointment. 55% is done throught visual. (how we dress,style and move) 38% is on our vocal and 7% is verbal. It means to say, before we open our mouth, the client have decided to or not to do business with you.
Different age group of people, we got to act and dress different if we wants to do sales. First we got to identify our target age group.
1. Older that 40. traditional. no nonsense type.
2. 20s and above. demanding, savvy and demanding.
3. Yet to start work group (>12)
Only after identify the market a sales personal want to work in, we move on to the next level of dressing similar to them, acting and behaving in body language pleasing and acceptable.
The color of clothing's we wear make a big visual impact to the clients we meet. IF we were to dress in clothes that 'fight' or 'mismatch' client that we meet will be turn off mentally on the first meeting. (there won't be a sale made)
On the flip side, colors matched to blend and bring out the best our us will not allow us to close the sale, but at least get the 'foot in the door'
It helps to boost your confidence too!
In general, colors are not just RED,GREEN,YELLOW and so on so forth. In the context of fashion. there rosy red, maroon and the list goes on....
Take for example a red sweater with grey pants look stunning on the display. You tried it on and its look fantastic, but the price was a bit over the cliff
type. your decided to source for affordable alternative and what seem similar upon wearing created totally different effect.
Colours in general for illustration purpose can be classified under Spring, summer, Autumn & winter with a lvl 2 classification as loud or mute color. To know your own individual colors, movies stars, singers normally have what they call image consultant to handle the colors for their clothing's for them. Jill which gave us the talk is 1 such person.
From this 1 day talk of Jill, I realize that there more to sales then just look smart dress well. there's a underlaying current that can make each and everyone of us stand out.
Statistic shown that for a first time sales appointment. 55% is done throught visual. (how we dress,style and move) 38% is on our vocal and 7% is verbal. It means to say, before we open our mouth, the client have decided to or not to do business with you.
Different age group of people, we got to act and dress different if we wants to do sales. First we got to identify our target age group.
1. Older that 40. traditional. no nonsense type.
2. 20s and above. demanding, savvy and demanding.
3. Yet to start work group (>12)
Only after identify the market a sales personal want to work in, we move on to the next level of dressing similar to them, acting and behaving in body language pleasing and acceptable.
The color of clothing's we wear make a big visual impact to the clients we meet. IF we were to dress in clothes that 'fight' or 'mismatch' client that we meet will be turn off mentally on the first meeting. (there won't be a sale made)
On the flip side, colors matched to blend and bring out the best our us will not allow us to close the sale, but at least get the 'foot in the door'
It helps to boost your confidence too!
In general, colors are not just RED,GREEN,YELLOW and so on so forth. In the context of fashion. there rosy red, maroon and the list goes on....
Take for example a red sweater with grey pants look stunning on the display. You tried it on and its look fantastic, but the price was a bit over the cliff
type. your decided to source for affordable alternative and what seem similar upon wearing created totally different effect.
Colours in general for illustration purpose can be classified under Spring, summer, Autumn & winter with a lvl 2 classification as loud or mute color. To know your own individual colors, movies stars, singers normally have what they call image consultant to handle the colors for their clothing's for them. Jill which gave us the talk is 1 such person.
From this 1 day talk of Jill, I realize that there more to sales then just look smart dress well. there's a underlaying current that can make each and everyone of us stand out.
Write a Blog ( how - to )
On Monday, 13 Aug. I meet up with my W.A Group member for our first monthly meeting and Katie gave a good way to start writing and maintain the interest.
As blogging has evolved a long way since it last started, its pretty dummy proof on how to write a blog. Register, select a template and start typing away~!
When you mention Blog to a friend, a co-worker. Most of their reaction would be.. Huh? you tell your personal life online? And for a personality like mine, its really hard for me to it. Thankfully, Katie highlighted that blogging has not to be on one's personal life, daily happenings and such. It could be base on a theme like sports, fashion,technology to pets and plants!
And thus from there I gain a insight on the theme of my blog - Things that I have learned and felt that is beneficial.
Which bring me back to the first few post on goal setting and purpose. We got to actively practise what we learn to bring about changes we want!
Lets hope I learn something everyday to keep this blog going!
As blogging has evolved a long way since it last started, its pretty dummy proof on how to write a blog. Register, select a template and start typing away~!
When you mention Blog to a friend, a co-worker. Most of their reaction would be.. Huh? you tell your personal life online? And for a personality like mine, its really hard for me to it. Thankfully, Katie highlighted that blogging has not to be on one's personal life, daily happenings and such. It could be base on a theme like sports, fashion,technology to pets and plants!
And thus from there I gain a insight on the theme of my blog - Things that I have learned and felt that is beneficial.
Which bring me back to the first few post on goal setting and purpose. We got to actively practise what we learn to bring about changes we want!
Lets hope I learn something everyday to keep this blog going!
Tuesday, August 7, 2007
Financial Freedom 1.2.3
Its always know that to be financial free and rich, we have to have lots and lots of money that work harder then we work for them.
People have to go through the phrase of saving, insurance and investing. through proper planning and allocation of income & expenses. we all should be living happily if we are contented and living within our means. But that's not the case as always, thus we take up 2 job, upgrade our self for better career advancement and such.
On the other hand, there are a group that are contented with what they have and seek not to do any of the mention above.
There are always obstacles in the 3 areas mention above.
1. Accumulating through saving.
I spend as much as I earn. I don earn enough to save. The amount I save is not going to make a impact in my life in the future. ( Mindset tuning )
2.Insurance
It's a long term commitment. I don need it now. Its too expensive for me. ( Getting a insurance agent that's is experience, trustworthy and you enjoy working with to plan )
3.Investment.
Current, i feel this is the area that need more awareness. Many people start investing for the wrong reason or do it the wrong way. resulting in lost of hard earn saving.
Others have the mindset that investment is for the rich and its too risking for me.
I seek to provide a 2nd opinion that some investment is a must and necessary in long term financial planning. Primary reason is its historically it outpace inflation
thus preventing our wealth from shrinking. Its allows us to receive passive income through dividends payout and such.
But what to buy, when is right & how much do i need to start is always the first few asked questions.
But before starting, its important we know the difference of Investing as to Trading as to Gambling.
Take of example, if i don know what I'm buying. only through hear-say and hoping. That's gambling. ( Lack of knowledge and understanding always leads to disaster )
Trading is for the short term. normally a few months to less then a year.
Investment is for the long term. with 1 year being short and 3-5 years being medium and so on and so forth.
But where do gambling come it? whats the link? the link is the emotion part. what do you feel? excited when your stock make money? panic when your stock drop 20%? When investing & trading is involved, we have to hear the 'music' through all the 'noise'
We got to understand & believe what we are doing and stick to it. Which refers to your homework done on fundamental analysis and technical analysis. Its takes lots of hardwork and practise unlike gambling which is a game
of chance and luck.
If you are doing investing with a lot of emotion involved, getting a kick out of it. It would be good for you to learn how to manage your emotion before venturing into investment.
As I'm too is starting to move into part 3 of the financial freedom stool. The upcoming future post will be more technical.
There is 2 time when we should not gamble. 1 is when we don have the money, 2 is when we have the money.
People have to go through the phrase of saving, insurance and investing. through proper planning and allocation of income & expenses. we all should be living happily if we are contented and living within our means. But that's not the case as always, thus we take up 2 job, upgrade our self for better career advancement and such.
On the other hand, there are a group that are contented with what they have and seek not to do any of the mention above.
There are always obstacles in the 3 areas mention above.
1. Accumulating through saving.
I spend as much as I earn. I don earn enough to save. The amount I save is not going to make a impact in my life in the future. ( Mindset tuning )
2.Insurance
It's a long term commitment. I don need it now. Its too expensive for me. ( Getting a insurance agent that's is experience, trustworthy and you enjoy working with to plan )
3.Investment.
Current, i feel this is the area that need more awareness. Many people start investing for the wrong reason or do it the wrong way. resulting in lost of hard earn saving.
Others have the mindset that investment is for the rich and its too risking for me.
I seek to provide a 2nd opinion that some investment is a must and necessary in long term financial planning. Primary reason is its historically it outpace inflation
thus preventing our wealth from shrinking. Its allows us to receive passive income through dividends payout and such.
But what to buy, when is right & how much do i need to start is always the first few asked questions.
But before starting, its important we know the difference of Investing as to Trading as to Gambling.
Take of example, if i don know what I'm buying. only through hear-say and hoping. That's gambling. ( Lack of knowledge and understanding always leads to disaster )
Trading is for the short term. normally a few months to less then a year.
Investment is for the long term. with 1 year being short and 3-5 years being medium and so on and so forth.
But where do gambling come it? whats the link? the link is the emotion part. what do you feel? excited when your stock make money? panic when your stock drop 20%? When investing & trading is involved, we have to hear the 'music' through all the 'noise'
We got to understand & believe what we are doing and stick to it. Which refers to your homework done on fundamental analysis and technical analysis. Its takes lots of hardwork and practise unlike gambling which is a game
of chance and luck.
If you are doing investing with a lot of emotion involved, getting a kick out of it. It would be good for you to learn how to manage your emotion before venturing into investment.
As I'm too is starting to move into part 3 of the financial freedom stool. The upcoming future post will be more technical.
There is 2 time when we should not gamble. 1 is when we don have the money, 2 is when we have the money.
Friday, August 3, 2007
What does it take?
Friday – A start of a weekend and the end of a work week. Is it the same for you?
Today will be side track off the usual revision & learning of wealth academy, but is still can be incorporated into our daily life and regards to achieving our goals setting. Take for example, the image of a house. The goal to achieve is the rooftop, the foundation which the house is built on its things like passion, attitude, perseverance, discipline and so on so forth.
Different set of goals may require different characters and attributes to success and most important of all, is what’s inside the house that joins the foundation and roof together. That would be the system, a set of activities to follow or a person to model after.
Think not what your clients do for that, but instead think what you can do for them. Never ask for rewards in return of favors given. Be contented and everything you receive will be in abundance.
Today will be side track off the usual revision & learning of wealth academy, but is still can be incorporated into our daily life and regards to achieving our goals setting. Take for example, the image of a house. The goal to achieve is the rooftop, the foundation which the house is built on its things like passion, attitude, perseverance, discipline and so on so forth.
Different set of goals may require different characters and attributes to success and most important of all, is what’s inside the house that joins the foundation and roof together. That would be the system, a set of activities to follow or a person to model after.
Think not what your clients do for that, but instead think what you can do for them. Never ask for rewards in return of favors given. Be contented and everything you receive will be in abundance.
Thursday, August 2, 2007
Where & What's my value?
As the most of us out there are employee, we can't help wonder if we are in the right job and what's
our prospects in the current company once in a while.
During my wealth acadamy class, the simple illustration that Adam will use is to tell us the story of the CAN of COKE. where the same can of coke can cost heaven and earth by being at different place. It's sold for $0.60cents at the supermart. $1.20 at the coffee shop to the amazing $8.50 at a hotel lobby.
The knowledege, skillsets & attitude we have will make a important difference to our employeer. We got to seek constantly increasing value for our clients & company. Get paid for $2000 and work like a $4000 pay scale. Find ways to help the company increase sales, reduce operating cost & expense. Help customer solve thier problem & achieve their goals faster.
A time table allows your to breakdown your goals into small steps. Making it achievable and attainable. Have your done up your time table yet?
Sometime theres too much noise in one life to be able to hear the music. Don look faith & keep walking towards your goal!
our prospects in the current company once in a while.
During my wealth acadamy class, the simple illustration that Adam will use is to tell us the story of the CAN of COKE. where the same can of coke can cost heaven and earth by being at different place. It's sold for $0.60cents at the supermart. $1.20 at the coffee shop to the amazing $8.50 at a hotel lobby.
The knowledege, skillsets & attitude we have will make a important difference to our employeer. We got to seek constantly increasing value for our clients & company. Get paid for $2000 and work like a $4000 pay scale. Find ways to help the company increase sales, reduce operating cost & expense. Help customer solve thier problem & achieve their goals faster.
A time table allows your to breakdown your goals into small steps. Making it achievable and attainable. Have your done up your time table yet?
Sometime theres too much noise in one life to be able to hear the music. Don look faith & keep walking towards your goal!
Wednesday, August 1, 2007
What's my worth?
I was often told that what you do daily will become a habit and habit done long enough will become part of your character which in turn will determine your own destiny.
Everyone at some point to a certain extend desire to be rich. I'm no different, but sometime all talk and no action bring one's to no where. It its thus important to have personal power. Personal power in the definition of great speaker Anthony Robbins is the ability to take action.
For the past 2 days we be covering on having a goal and how to remove our limiting believes. Planning for financial changes is a 1,2 day changes where your company will give us a leap in pay over night.
From ideas taught in Wealth Academy. We got to determine which income class we are currently under. For me, I been hovering around in middle class of earning (spending first with fluctuating surplus at the end of the month) a upgrade from the past where my earning = spending. But frankly speaking, its not every eye pleasing to me. Ideally, spending should be the last thing to do with our pay cheque.
Emphasizing on saving & investing before spending like the rich do, the first level to achieve is to ensure that we have about 3-6mths of our living expense in the bank and have sufficient Health & Life insurance to address events where we are unable to write a cheque to pay off for.
The next step is the position our continue surplus into places that can generate a passive income as it’s known that money saved with the bank always lose to inflation growth in the long term. Targeting to have a passive income to meet your basic life needs and slowly building it up to meet your wants.
A quick set of rules to follow would be.
1. Pay yourself first before anything.
2. Live below your means.
3. Invest surplus ( Year end bonus and such) in +ve cash flow assets ( branded goods are not assets)
4. Use ideas (Intellectual property) & time to generate positive cash flows.
The above mention might sound early and relative logical and simple to follow. But trust me, only trust constant reminder and practice would you get to see your desired results at the end of the day and I won’t hope or try to follow but instead will commit and demand it out of myself!
May all of us stretch ourselves everyday to expand our comfort zone and move towards the future we desire!
Everyone at some point to a certain extend desire to be rich. I'm no different, but sometime all talk and no action bring one's to no where. It its thus important to have personal power. Personal power in the definition of great speaker Anthony Robbins is the ability to take action.
For the past 2 days we be covering on having a goal and how to remove our limiting believes. Planning for financial changes is a 1,2 day changes where your company will give us a leap in pay over night.
From ideas taught in Wealth Academy. We got to determine which income class we are currently under. For me, I been hovering around in middle class of earning (spending first with fluctuating surplus at the end of the month) a upgrade from the past where my earning = spending. But frankly speaking, its not every eye pleasing to me. Ideally, spending should be the last thing to do with our pay cheque.
Emphasizing on saving & investing before spending like the rich do, the first level to achieve is to ensure that we have about 3-6mths of our living expense in the bank and have sufficient Health & Life insurance to address events where we are unable to write a cheque to pay off for.
The next step is the position our continue surplus into places that can generate a passive income as it’s known that money saved with the bank always lose to inflation growth in the long term. Targeting to have a passive income to meet your basic life needs and slowly building it up to meet your wants.
A quick set of rules to follow would be.
1. Pay yourself first before anything.
2. Live below your means.
3. Invest surplus ( Year end bonus and such) in +ve cash flow assets ( branded goods are not assets)
4. Use ideas (Intellectual property) & time to generate positive cash flows.
The above mention might sound early and relative logical and simple to follow. But trust me, only trust constant reminder and practice would you get to see your desired results at the end of the day and I won’t hope or try to follow but instead will commit and demand it out of myself!
May all of us stretch ourselves everyday to expand our comfort zone and move towards the future we desire!
How good is our memory in term of learning?
We would on an average remember 20% of what we have learned yesterday. Thus to keep what we have learn in. Its important to have a revison of what we learn within 24hours again, follow by 1 week later and 1 month and lastly 3 mths. By then what we have learned should be ingrain in our 'hard disk'. And to keep what I have learn over the last weekend at Wealth Academy, I'll be logging in my 'revision' daily onto the blog for future reference.
Arming our mind with the right tools
With our goals define and action plan thought out. We are all ready to set out to take actions! to stretch our comfort zone, to seek growth.
For that we start with picturing ourself achieving our goals. we talk to ourself. 'today is the day i make a difference' , 'today will be the day i tell my manger about the enhance on the company' We think in picture of the scene happening, taking place the way we want it. After all, what you see is what you get.
What your mind can conjure and visualize is what you can materialize and make it happen.
Events in our life be in good or bad base on our response will determine our outcome. The emotion states affect our behaviour which determine our response. Your sibling broke your favourite cup while washing it. Will your scream at her for breaking it or ask if shes hurt herself?
For that we start with picturing ourself achieving our goals. we talk to ourself. 'today is the day i make a difference' , 'today will be the day i tell my manger about the enhance on the company' We think in picture of the scene happening, taking place the way we want it. After all, what you see is what you get.
What your mind can conjure and visualize is what you can materialize and make it happen.
Events in our life be in good or bad base on our response will determine our outcome. The emotion states affect our behaviour which determine our response. Your sibling broke your favourite cup while washing it. Will your scream at her for breaking it or ask if shes hurt herself?
Successful people control their emotion while losers let their emotion control them. Your mental states together with the pictures we play in our head create your emotion states. Take for example, you receive a call over the weekend from your manager telling how please he was with the presentation you done with at the client company. The mental state of your mind at that time will be happy and through out the whole day, you be playing how the presentation when and how you impress the client. making your day happy the whole day as you constantly replay the 'movie' in your head.
Emotional states can be classified under resourceful and un-resourceful. Example of resourceful state are happy, excited, motivated, energized and so forth where example of un-resourceful state are stressed, tired, helpless, frustrated and so forth.
Productivity are normally lowest when we are in our un-resourceful state. We have to identify them quick them and change them to positive resourceful state.
As there is more time on hand today. I will continue on with part 2 of arming our mind.
The study of Neuro Linguistic Programming has been around for a while and steady gaining acceptance. Over the 4 days Wealth Academy with Adam Khoo. Some of the points i learn is that how we talk to ourself make a big different.
Learning to use words that have a positive impact in our daily life. I 'try' my best and I 'do' my best. end of the day the results we get from trying will definitely fall short of doing my best after all the mind will say.. well we DID try..that's the best you can achieve.
Other daily examples can be. I have a problem vs I met a challenge and the most commonly use statement is I hope to succeed. there's too much people hoping that only those that plan to succeed succeed.
Emotional states can be classified under resourceful and un-resourceful. Example of resourceful state are happy, excited, motivated, energized and so forth where example of un-resourceful state are stressed, tired, helpless, frustrated and so forth.
Productivity are normally lowest when we are in our un-resourceful state. We have to identify them quick them and change them to positive resourceful state.
As there is more time on hand today. I will continue on with part 2 of arming our mind.
The study of Neuro Linguistic Programming has been around for a while and steady gaining acceptance. Over the 4 days Wealth Academy with Adam Khoo. Some of the points i learn is that how we talk to ourself make a big different.
Learning to use words that have a positive impact in our daily life. I 'try' my best and I 'do' my best. end of the day the results we get from trying will definitely fall short of doing my best after all the mind will say.. well we DID try..that's the best you can achieve.
Other daily examples can be. I have a problem vs I met a challenge and the most commonly use statement is I hope to succeed. there's too much people hoping that only those that plan to succeed succeed.
The brain transmit and receive through brainwave, there where the statement great mind thinks alike. aren't there time where your
closest friends just seem to know what movie your are thinking to watch?
What I would recommend is for you to check out the documentary movie 'The Secret' where it will give a much more insight to what i am trying to explain in relation of achieving our goals.
The term is known as ' Law of Attraction' which books on the subject has been research and publish on.
closest friends just seem to know what movie your are thinking to watch?
What I would recommend is for you to check out the documentary movie 'The Secret' where it will give a much more insight to what i am trying to explain in relation of achieving our goals.
The term is known as ' Law of Attraction' which books on the subject has been research and publish on.
Purpose of Goals
Day 2 of remembering what i have learn over the weekend and my memory is ready a bit vague. Starting to fade. I got to hang on. keep it in and apply it.
The journey continuesss.....
After having a goal and a define action plan. We take action.The result we get is either positive or negative and ideally should we succeed, we get a step towards our goal. On the other side if the result is negative, we do 3 of the following
1. Try once, and give up. Giving excuse and blaming.
2. Try again & again then giving up. There no change of strategy thus the same action will only yield the same results. Same thing similar to faith. Believing that it will give us the result we desired.
3. Do whatever it takes. There’s no failure. Only feedback's, if the result is not what I want. Rethink my strategy. It’s good enough to have even 1 success out of 10 tries isn’t that right?
The insight that dawn on me today is that goals need to be grand. It can be use on our daily life. For example, I will reply all my existing email by 5pm and go for a run. The Goal will be to run. And the strategy would be how to clear up the accumulation email and take action!
Goal is what we want. The game play is how we do it and the main reason is why do it. Which is where our values and belief comes in. there are things we do that we get motivated on. No matter how tired we are, when we think of that certain thing. Our tiredness just seems to disappear. Seek out that value. To some it could be I don’t want to be look down on thus I want to have a deg and climb up the corporate ladder. Or I was help by welfare group when I was young, I want to start my own welfare group and help others learn from my personal experience and not make the same mistake I made
Everyone have a different set of believe, it could be buried sub-consciously or we are ready practicing it in life without as realizing it.
Take responsibility of our GOOD and BAD in life. Only than will we have control of our life and walk the way we want. Don’t live out your life the way others wants it.
Belief drive our action which in turn brings out the potential of you and the results achieved will reinforce your belief.
The journey continuesss.....
After having a goal and a define action plan. We take action.The result we get is either positive or negative and ideally should we succeed, we get a step towards our goal. On the other side if the result is negative, we do 3 of the following
1. Try once, and give up. Giving excuse and blaming.
2. Try again & again then giving up. There no change of strategy thus the same action will only yield the same results. Same thing similar to faith. Believing that it will give us the result we desired.
3. Do whatever it takes. There’s no failure. Only feedback's, if the result is not what I want. Rethink my strategy. It’s good enough to have even 1 success out of 10 tries isn’t that right?
The insight that dawn on me today is that goals need to be grand. It can be use on our daily life. For example, I will reply all my existing email by 5pm and go for a run. The Goal will be to run. And the strategy would be how to clear up the accumulation email and take action!
Goal is what we want. The game play is how we do it and the main reason is why do it. Which is where our values and belief comes in. there are things we do that we get motivated on. No matter how tired we are, when we think of that certain thing. Our tiredness just seems to disappear. Seek out that value. To some it could be I don’t want to be look down on thus I want to have a deg and climb up the corporate ladder. Or I was help by welfare group when I was young, I want to start my own welfare group and help others learn from my personal experience and not make the same mistake I made
Everyone have a different set of believe, it could be buried sub-consciously or we are ready practicing it in life without as realizing it.
Take responsibility of our GOOD and BAD in life. Only than will we have control of our life and walk the way we want. Don’t live out your life the way others wants it.
Belief drive our action which in turn brings out the potential of you and the results achieved will reinforce your belief.
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