According to one of Adam's book, there are seven steps to become financially abundance. Now I only want to talk about the first step (I'll save the other steps for my next post). The first step is to adopt the million dollar mindset. Our mind is our biggest asset which it may determine how we manage our finance. If we have enough financial knowledge, then we can easily accumulate the other assets like properties and stocks. The most important thing is we can avoid big financial mistakes which can make us bankrupt. That is the worse financial scenario that can happen to a man.
Millionaire think differently than us, the average classes. For example, everyday when we do something in our life, we tend to face a lot of problems; like our house area have a lot of cockroaches and there are to much teenagers fooling around with their motorbikes. On the other hand, millionaires see this as a big opportunities. To be more specific, they see this problems as a money making opportunities; it is profitable if they made a pest control business and futsal court for the teens. This mindset is what we need to have.
Besides that, millionaires have another good mindset which they love failures. I know it sounds weird. But let me explain further. Most of use, we do financial mistakes. I also do some of it and I admit it. We experience being fooled by our friends to join the quick rich scheme. We experience being fooled by someone who pretend to be a rich multi level marketing businessman and convince use to join his pyramid scheme. (I know some MLM's companies are good). We also experience being fooled by someone from internet sending spam email asking use to pay RM50 so that we can get RM350 net profits in returns. This all are our failures. And because all of this failures, most of us just give up on their finance. They said, it is impossible to become a millionaire. But to the millionaires, they are actually make much bigger mistakes than us but they never give up or even sad. They look at it as a learning experience where they will never get fools anymore. Then they educate themselves with the knowledge of finance. And that is what we should do.
And if you already have both of the millionaire mindsets, it is not enough. You need to practice their habits. Below are their nine habits that we need to follow:
#1. Always exceed expectations
To be a millionaire, this is a must. Always exceed people's expectation. We must set a high standard if we want to do something. For example, if our business partner expected us to gain RM5000 net profits for a month, get more than that, make it RM10,000 at least. And if we own a business, and we provide a service to our clients, give them a life changing experience which is far beyond our competitor's standard. Then we can charge more. Most business people tend to think, if they reduce the price, they can become more competitive. This is wrong. Millionaires don't do this. They increase the price but, they triple the qualities and efficiencies. This is what clients want, they seek for qualities, not a cheap price.
2. Be proactive
Most people including me, always reactive. We wait for something to happen, then we act according to the situation. This what make our performance limited. We always depend on our environment and react from it. This is a totally different case to a millionaire. Millionaires are proactive. They don't wait for something miracle to happen, they are the one who make the miracle happen. Next time, we should be the one who control the situation. Be brave and smart at the same time.
3. Take 100% responsibility
Millionaires never depend on other people, they are the one who people's depend on.
4. Delayed gratification
Delayed gratification means you delay your joy. Save your money first. If you have a fix income, control your cash flow and save at least ten percent of it. You can't expect to start your own investment if you can't even save your own money. Most people, professionals especially, when they start working, they tend to have instant gratifications. They use half of their money to pay monthly installment for their latest BMW cars. They bring their beloved girlfriend to shopping. Long story short, they spend more than they invest. They will ended up broke. Millionaires don't do that. They save and invest much more than they spend. Initially, they just live a moderate lifestyle, when their assets provide enough passive income, then they can buy whatever they want without using their hard work money. This is their secret. (My father don't know this)
5. Do what you love
Adam give a very simple tips on how to know whether you love your job or not. Ask yourself all this questions. Do you want to do the job even if you have all the money in the world? Are you going to do that for free? If both of the answers are yes, then go on, you are on the right track to become a millionaire. I also still searching for the job that I love. I love to kill cockroaches because I hate cockroaches so much. I love to talk (you know me). I like to dreams. I like to read business books and self-improvement books. I like kids (I'm not saying that I'm ready for a kid). I like weird buildings. So, I must think of businesses that related with the things that I like. You should do the same. List all the things that you love and start thinking what business might suit you.
6. Acting with integrity
Always be honest. Why? Think of this. You take 20 years to build up your credibility and trust from your clients, but it only take 5 minutes of your dishonestly to destroy your credibility.
7. Be 100% committed
8. The ability to turn failure into success
It is not how far you fall that matters, it is how high you bounds back that matters.
9. Respect and love money
p/s- Being a millionaire is not easy, and that's why only 5% of the populations are millionaires. So, believe me. Don't afraid to be the minority because this minority are the one who control the majority.
Sunday, June 13, 2010
Saturday, June 12, 2010
My rich dads and my poor dad.
Read the title carefully, and you will realize the existence of "s" at the rich dad and no "s" at the poor dad. It is not a typing error, it is what it meant to be. This issue is kind of sensitive since it's involve dad, and that means its involve family. Things I wanted to declare here is, when it comes to money, everything is personal. So, I do take money matters personally. Even when it comes to my dad.
If you know Robert Kiyosaki, this is where the original title came from which is "Rich Dad Poor Dad". He produce a lot of financial books which is far different than any financial books. Now, let's focus on the title. In my life, I have one poor dad which is my own dad. I have several rich dads which I don't think they know me, but as long as they teach me something useful about personal money, I will call them my rich dads.
My poor dad use money differently compare to my rich dads. He is a doctor and I believe his income is much more than average people. He don't buy any house even for us to stay or for renting purposes. We stay in a house inside a secondary school where my mother is working. We rent the house. Instead, my father use the money to buy a Mercedes C class which look so cool to him. I don't like car so much since I learn from Azizi Ali that car is nothing more than a tool to bring me from A to B so why should I spend half of my money for car. The truth is, my real father have no financial knowledge and this explain why he can't manage his own money very well.
Now, I wanted to introduce to you some of my rich dads. My first rich dad is Azizi Ali and he is a pilot. He has wrote many books especially in personal money management and properties. I know, since I am 20 years old and I have no experience buying a property, his book make me become really excited about properties investment. I really want to have a life like him. A moderate life but financially abundance. One day, I also want to write books and be a financial consultant like him. The best thing about him is, he is not a people from finance background (I told you he is a pilot) but he manage to take MBA and ChFC. I recommend you to read all his books. My favorite books from him is the properties combo pack which I not really understand some of it. I guess I need to read it again and again so that every lesson he thought really sticks in my mind.
My second rich dad is Robert T. Kiyosaki, which is the one who comes up with the phrase "Rich Dad Poor Dad". He teach me about the four cash flow quadrants which are employee, self employed, business owner and investor. I never know about this quadrant before I read his book. Now in my life, I wanted to be an investors, not an employee anymore. He also invent a cool board games called Cashflow 101 and Cashflow 202. Up to this moment, I just played the Cashflow 101, next time I'll try the 202 version. If you want to experience playing the game online, just click here. It is really fun for people who don't have a formal financial background like me to learn about income, expenses, assets and liabilities while playing the game. The best thing about this online game is, it is worldwide, so I also experience playing with people from Mexico, China, India and Africa. You better give it a try.
My third rich dad is Adam Khoo. He is from Singapore. This person is one of a brilliant student in his university. The good thing about him is he is so young and energetic. If I'm not mistaken, he manage to get his first million when his age just twenty something. Imagine how great his life would be. I wonder how he manage to have the spirit to do things differently than others. Some of the lesson that Adam teach me is about delay gratification. Rich people, they a people with patience. They don't buy expensive toys immediately even if they have money, instead they buy assets. This assets will make money work for them and enable them to own expensive toys without any burden. Adam also teach me about passive income and the power of leverage. A great example of passive income that apply the power of leverage is writing a book and use internet for marketing purposes. That is why I think, if I want to be rich, I must write books.
To make long story short, who ever my rich dads are, I will never love them more than my poor dad. I have a great dad and he is very responsible with whatever things that he do. I believe, I can't blame him why he don't have enough financial knowledge since this is one of the disadvantages of our education system. I hope I can be much better than my father in term of financial knowledge and my financial success. God bless me and my father.
If you know Robert Kiyosaki, this is where the original title came from which is "Rich Dad Poor Dad". He produce a lot of financial books which is far different than any financial books. Now, let's focus on the title. In my life, I have one poor dad which is my own dad. I have several rich dads which I don't think they know me, but as long as they teach me something useful about personal money, I will call them my rich dads.
My poor dad use money differently compare to my rich dads. He is a doctor and I believe his income is much more than average people. He don't buy any house even for us to stay or for renting purposes. We stay in a house inside a secondary school where my mother is working. We rent the house. Instead, my father use the money to buy a Mercedes C class which look so cool to him. I don't like car so much since I learn from Azizi Ali that car is nothing more than a tool to bring me from A to B so why should I spend half of my money for car. The truth is, my real father have no financial knowledge and this explain why he can't manage his own money very well.
Now, I wanted to introduce to you some of my rich dads. My first rich dad is Azizi Ali and he is a pilot. He has wrote many books especially in personal money management and properties. I know, since I am 20 years old and I have no experience buying a property, his book make me become really excited about properties investment. I really want to have a life like him. A moderate life but financially abundance. One day, I also want to write books and be a financial consultant like him. The best thing about him is, he is not a people from finance background (I told you he is a pilot) but he manage to take MBA and ChFC. I recommend you to read all his books. My favorite books from him is the properties combo pack which I not really understand some of it. I guess I need to read it again and again so that every lesson he thought really sticks in my mind.
My second rich dad is Robert T. Kiyosaki, which is the one who comes up with the phrase "Rich Dad Poor Dad". He teach me about the four cash flow quadrants which are employee, self employed, business owner and investor. I never know about this quadrant before I read his book. Now in my life, I wanted to be an investors, not an employee anymore. He also invent a cool board games called Cashflow 101 and Cashflow 202. Up to this moment, I just played the Cashflow 101, next time I'll try the 202 version. If you want to experience playing the game online, just click here. It is really fun for people who don't have a formal financial background like me to learn about income, expenses, assets and liabilities while playing the game. The best thing about this online game is, it is worldwide, so I also experience playing with people from Mexico, China, India and Africa. You better give it a try.
My third rich dad is Adam Khoo. He is from Singapore. This person is one of a brilliant student in his university. The good thing about him is he is so young and energetic. If I'm not mistaken, he manage to get his first million when his age just twenty something. Imagine how great his life would be. I wonder how he manage to have the spirit to do things differently than others. Some of the lesson that Adam teach me is about delay gratification. Rich people, they a people with patience. They don't buy expensive toys immediately even if they have money, instead they buy assets. This assets will make money work for them and enable them to own expensive toys without any burden. Adam also teach me about passive income and the power of leverage. A great example of passive income that apply the power of leverage is writing a book and use internet for marketing purposes. That is why I think, if I want to be rich, I must write books.
To make long story short, who ever my rich dads are, I will never love them more than my poor dad. I have a great dad and he is very responsible with whatever things that he do. I believe, I can't blame him why he don't have enough financial knowledge since this is one of the disadvantages of our education system. I hope I can be much better than my father in term of financial knowledge and my financial success. God bless me and my father.
Friday, June 11, 2010
You are greedy!
One lovely morning, you wake up and as usual, you open up your email and you found something wonderful. Out of nowhere, one anonymous guy send you an email asking help from you. That person wrote in your email that he is from Sudan, he now have a war back there, but he from a rich family. He have USD150 millions with him and he need your help to keep the money until everything back to normal again. In order for him to trust you, you just need to pay him USD100 to proof that you are reliable and can be trusted. Wow! Then you think USD100 is just nothing compare to USD150 millions. One more thing, he promise to give you 50 percent of the money as a way to thank you (he want to give you USD75 millions!). You thank to god because of the email.
You know what, you are greedy!
Another story.
One day, one of your best friends come to you. He said you are going to be rich because luckily he found a new type of investment which can double your investment in 6 months. He don't know exactly how they do it, but it is proof to be true. Last 6 months, he said he already paid them RM100 and now after 6 months he get back RM200. "See! Don't you get it? This thing can bring us to millionaires planet. ", that's how your best friend convincing you. He tell you more. "Imagine if we invest RM100, 000 and after half a year, we will get back RM200,000. And if we don't use the money, we invest it back, in a year we already accumulate RM400,000. What if we invest for 2 years? I already calculate it, we got RM1,600,000. That's mean we can be a millionaire in 2 years." Now you see the plan. But you don't have any money, but your parent have a house which cost RM150 000. That is more than enough.
You know what, you a greedy!
Now I will explain why I said you are greedy. In this world, people who want a lot of money without working, we call them greedy. That is both situations is all about. It's about you wanted to be rich without doing any work, just wait and get the money. That is not how this world work, no one will paid you money without you giving any benefit to them. But why people still believe in this both situations even they realize that it is weird?
They reason is because when people are greed, their mind cannot think. They only see the money. Logic don't exist anymore in their life. They live in Wonderland together with Alice. Their eyes had been closed by the huge amount of money. And they start to become stupid. Even the most genius person in the class can become a dumb ass when they become greedy.
Now I will explain to you about the first situation. It is all about the internet scam. Nothing real. Don't be greed. Just think wisely. If you were the Sudanese guy, and if you have USD150 millions with you, you will never ever give USD75 millions to no one just like that. It is way too much and why you risk you money to the person that you don't even know. For me, I better dig a secret hole and keep all the money inside it. I remember the coordinate and after everything turn back to normal, I'll dig it back. I just need to make sure that the hole is deep enough and I'm lucky enough to be save after the war. That's it.
The second story. It is what we call as a Quick-Rich-Scheme. Or QRS. It is just an acronym, nothing complicated. To be realistic, if I were you best friend and I really found that kind of investment, why should I tell you about that. I better invest it myself and when I got the money, I will give a thousand to all people that I know. And for you, I will give a million just because you are my best friend. Besides, the point why your friend asking you to join and pay the money because it is how that scheme work. They pay the previous people with the money from the new people that join it later. Even if this QRS really works, I believe the banks will bankrupt because everyone can be rich and no one need to lend money from them. Our government can't just let that happen.
So my advice, be realistic and don't ever greed because greedy people always poor. The millionaires, they are not greed. They work harder and smarter than anyone else, that is why they are rich. They even donate the money to lazy people who always dreams to be rich. But lazy people never learn. They keep on saying rich people are greed.
Thursday, June 10, 2010
Do things that you love, you will be rich and happy.
People is this world, they are so many type of them. If we take finance and happiness, we do simple matrix, we can have 4 types of people. There are people who rich and happy. There are people who poor but happy. There are people who rich but unhappy. There are people who poor and unhappy.
So, choose which group are you? I'm sure everyone wants to be the first type of people which is rich and happy. I also want to be rich and happy. One of the secret is stop forcing yourself to do the things that you hate. Do just the things that you like. And of course, that specific things must be beneficial to others as well. Think of the things that you love to do that you will even continue doing it just for free. This explain why millionaires continue "working" even they have tons of the green stuffs. They just love doing it.
If you love to study and love to teach others and you are very good at it and you are at the top of your class, go on. Continue what you are doing. I know some people (better said many) hate to study and they are forcing themselves doing it and for sure, they are sucks at it. You don't have to listen to this people. They just being envy with you. You are good because you like what you a doing. You might consider to be a teacher, lecturer or private tutor (I like this idea). In special cases, some people are good in doing what they hate the most, and that is a disasters.
Maybe you are sucks in your studies, you hate books and you hate using your brain to think. For you, thinking maybe just a waste of time, but you love futsal so much. When the watch shows 5pm, you are the most energetic person calling all your friends to play futsal. Good. That's futsal is your passion. You might not become a futsal star (if you feel you can, work on it), but you can train people to play futsal. You might open a futsal business with a futsal court, you can become coach for school team or teach young people some futsal tricks. It is so cool to play and make money at the same time, right?
Okay. I know, you are not both of the case. You are not intelligent and you are not good in sport. Hey, it is not the end of the world. You know how to play guitar. Not only know,but you are very good at it. Even your friends love to listen to you playing the guitar.So, what are you waiting for, start some guitar-business. You can teach people to play guitar. You know a lot about guitar, you may help some beginners choosing best guitar for them and get some cash from it. You might do a performance and get paid from it. See, you enjoying your hobbies and making money at the same time.
If your intelligence level is low, you hate sport and you don't have any talent, don't be sad. Think of the things that you enjoy doing it. You might enjoy killing cockroaches because you hate cockroaches so much, you might consider starting a pest control business. You enjoy your time being at the beach watching a beautiful sunset, you might consider opening a chalet near a beach as your business (I like this idea too). You enjoy fishing very much, why not opening some fishing ponds as a business.
I hope now you know what it makes to be rich and happy. I also have some plan to make me rich and happy in the future. In this moment, I'm just financially stable and happy, but I want more. I want to be financially abundance and happier than today. So do you, right? So, start plan from now because time never wait you, chase them and use them efficiently.
p/s- Be honest with yourself. God is fair. Everyone have their own strengths and weaknesses. Success people use their strengths to improve their live to be better. On the other hand, losers always complain about their weaknesses and never stop cursing success people envying their success life.
So, choose which group are you? I'm sure everyone wants to be the first type of people which is rich and happy. I also want to be rich and happy. One of the secret is stop forcing yourself to do the things that you hate. Do just the things that you like. And of course, that specific things must be beneficial to others as well. Think of the things that you love to do that you will even continue doing it just for free. This explain why millionaires continue "working" even they have tons of the green stuffs. They just love doing it.
If you love to study and love to teach others and you are very good at it and you are at the top of your class, go on. Continue what you are doing. I know some people (better said many) hate to study and they are forcing themselves doing it and for sure, they are sucks at it. You don't have to listen to this people. They just being envy with you. You are good because you like what you a doing. You might consider to be a teacher, lecturer or private tutor (I like this idea). In special cases, some people are good in doing what they hate the most, and that is a disasters.
Maybe you are sucks in your studies, you hate books and you hate using your brain to think. For you, thinking maybe just a waste of time, but you love futsal so much. When the watch shows 5pm, you are the most energetic person calling all your friends to play futsal. Good. That's futsal is your passion. You might not become a futsal star (if you feel you can, work on it), but you can train people to play futsal. You might open a futsal business with a futsal court, you can become coach for school team or teach young people some futsal tricks. It is so cool to play and make money at the same time, right?
Okay. I know, you are not both of the case. You are not intelligent and you are not good in sport. Hey, it is not the end of the world. You know how to play guitar. Not only know,but you are very good at it. Even your friends love to listen to you playing the guitar.So, what are you waiting for, start some guitar-business. You can teach people to play guitar. You know a lot about guitar, you may help some beginners choosing best guitar for them and get some cash from it. You might do a performance and get paid from it. See, you enjoying your hobbies and making money at the same time.
If your intelligence level is low, you hate sport and you don't have any talent, don't be sad. Think of the things that you enjoy doing it. You might enjoy killing cockroaches because you hate cockroaches so much, you might consider starting a pest control business. You enjoy your time being at the beach watching a beautiful sunset, you might consider opening a chalet near a beach as your business (I like this idea too). You enjoy fishing very much, why not opening some fishing ponds as a business.
I hope now you know what it makes to be rich and happy. I also have some plan to make me rich and happy in the future. In this moment, I'm just financially stable and happy, but I want more. I want to be financially abundance and happier than today. So do you, right? So, start plan from now because time never wait you, chase them and use them efficiently.
p/s- Be honest with yourself. God is fair. Everyone have their own strengths and weaknesses. Success people use their strengths to improve their live to be better. On the other hand, losers always complain about their weaknesses and never stop cursing success people envying their success life.
Wednesday, June 9, 2010
Beware of Dream's Killer!
I know everyone have their own dreams. It can be dreams about your finance, relationship, health, hobbies or anything. Whatever you plan to achieve in the future is a dream and dreams always different from people to people. Since my blog is about personal money management, of course I will talk about your financial dreams.
To be honest, my dreams financially is to be a millionaires when I'm 35. Millionaires to me means I have net assets of more than a million (can be from my businesses or my properties investment) and I'm living the life that I want.
I want to live in a moderate life. A moderate car which just comfortable and safe. A loyal,understanding and beautiful wife which always be with me when I'm up and down. Two kids which I can always tell them about my life experience and listen to their problems at school. I'm gonna give enough love to my wife and kids of course. Every month, I can bring my family traveling through out the world to admire the uniqueness of building that exist in this world.
I want to own some motels near beach in a beautiful island because I love beach so much. I love the wind. I love the sound of the wave. During holidays, my family can enjoy running businesses for the tourists. Have some BBQ for them and fun water sports like snorkeling, banana boat riding, deep water diving and lots more. My kids will have chance to learn some practical knowledge about running a business and learn how to appreciate the beauty of the nature.
So, this is some of my dreams. You may have your own dreams. And I know, it might be totally different than mine. Go ahead, dreams as much as you can because it is fun. It will be much more fun when your dreams come true and that is what all of us want.
Now we come to the main point. Things that you need to be careful is to whom you tell your dreams. Don't just tell it to everyone because you may ended up being upset. People will said that your dreams are ridiculous, stupid, illogical, waste of time and a lot more heart breaking words. They even may laugh at you and think you are nut. That's when you start to feel emotionally unmotivated and you start to forget all the dreams that you have been plan before. This is the moment where your dreams have been steal by a dream's killer.
Dream's killer might be anyone. It can be your best friends, your parent, your class mate or event your "best friends forever". I know they said that because they don't want to see you fail in your life because they love you. They don't mean to make you upset. They don't mean to be a "dream's killer". But this is reality, you have to be strong and tough. Rather than waste your time blaming the dream's killer because not supporting you, better focus on your dreams and achieving it. That's your ultimate goal.
My advise, keep on dreaming your financial freedom and working toward it. Equipped yourself with knowledge so that you don't have to repeat the same mistakes that previous people already experience. Read more books about money management. Everyone have their own life and no one have the power to create it except you yourself. So, have fun dreaming and enjoy working toward it. I hope our financial dreams will come true and we live a happy life. Ameen.
To be honest, my dreams financially is to be a millionaires when I'm 35. Millionaires to me means I have net assets of more than a million (can be from my businesses or my properties investment) and I'm living the life that I want.
I want to live in a moderate life. A moderate car which just comfortable and safe. A loyal,understanding and beautiful wife which always be with me when I'm up and down. Two kids which I can always tell them about my life experience and listen to their problems at school. I'm gonna give enough love to my wife and kids of course. Every month, I can bring my family traveling through out the world to admire the uniqueness of building that exist in this world.
I want to own some motels near beach in a beautiful island because I love beach so much. I love the wind. I love the sound of the wave. During holidays, my family can enjoy running businesses for the tourists. Have some BBQ for them and fun water sports like snorkeling, banana boat riding, deep water diving and lots more. My kids will have chance to learn some practical knowledge about running a business and learn how to appreciate the beauty of the nature.
So, this is some of my dreams. You may have your own dreams. And I know, it might be totally different than mine. Go ahead, dreams as much as you can because it is fun. It will be much more fun when your dreams come true and that is what all of us want.
Now we come to the main point. Things that you need to be careful is to whom you tell your dreams. Don't just tell it to everyone because you may ended up being upset. People will said that your dreams are ridiculous, stupid, illogical, waste of time and a lot more heart breaking words. They even may laugh at you and think you are nut. That's when you start to feel emotionally unmotivated and you start to forget all the dreams that you have been plan before. This is the moment where your dreams have been steal by a dream's killer.
Dream's killer might be anyone. It can be your best friends, your parent, your class mate or event your "best friends forever". I know they said that because they don't want to see you fail in your life because they love you. They don't mean to make you upset. They don't mean to be a "dream's killer". But this is reality, you have to be strong and tough. Rather than waste your time blaming the dream's killer because not supporting you, better focus on your dreams and achieving it. That's your ultimate goal.
My advise, keep on dreaming your financial freedom and working toward it. Equipped yourself with knowledge so that you don't have to repeat the same mistakes that previous people already experience. Read more books about money management. Everyone have their own life and no one have the power to create it except you yourself. So, have fun dreaming and enjoy working toward it. I hope our financial dreams will come true and we live a happy life. Ameen.
Tuesday, June 8, 2010
500 Businesses You Can Start!
The day I sat for my final examination paper for this Jan2010 semester, me and some of my batch mates went to Jusco Supermarket at Ipoh just to enjoy watching Prince of Persia at the cinema. Man, that movie was awesome. I rate if 5 stars. It's so cool and unpredictable.
Before the movie, at the ground floor there was a simple book fair. MPH make some discount sale just to finish up their old stocks. Then, while waiting for the movie, I just fooling around the book fair. Searching for some nice business books. I found the Azizi Ali book "Millionaires are from different planet" and another cool book which is from Adam, "Business You Can Start".
Actually, I want to buy both books, but since I have limited budget, so I decided to buy the Adam's book rather than Azizi Ali's book although I don't even know who the hell is this Adam. Next time I'll buy the "Millionaires are from different planet". This Adam's book is so unique. I never found such a practical business book like this before.
Just the summary of the book. This book consist of more than 500 types of businesses that we can start by our own. All the businesses is categorize according to their startup cost. From under USD1,000 to above USD40,000. Since it is from US, that's explain the currency used, but we can get the rough cost estimation by convert it to Ringgit Malaysia.
Back to the book. In each type of the businesses, it provide some description details about what is this business is all about, the start-up and the hidden costs. Potential earnings are also included. Besides, some businesses need specific qualification and equipments which also stated in each business profile. The best thing among all is this book also provide some marketing and advertising tips for best results from the businesses.
I bought this book for only RM20 but after I've read a quarter of it, I think this book is priceless. I'm so lucky to have this book and hopefully I can optimize the benefit of it by apply the knowledge in my real life.
p/s- Buy books during sales and discount!! It is damn cheap.. :)
Before the movie, at the ground floor there was a simple book fair. MPH make some discount sale just to finish up their old stocks. Then, while waiting for the movie, I just fooling around the book fair. Searching for some nice business books. I found the Azizi Ali book "Millionaires are from different planet" and another cool book which is from Adam, "Business You Can Start".
Actually, I want to buy both books, but since I have limited budget, so I decided to buy the Adam's book rather than Azizi Ali's book although I don't even know who the hell is this Adam. Next time I'll buy the "Millionaires are from different planet". This Adam's book is so unique. I never found such a practical business book like this before.
Just the summary of the book. This book consist of more than 500 types of businesses that we can start by our own. All the businesses is categorize according to their startup cost. From under USD1,000 to above USD40,000. Since it is from US, that's explain the currency used, but we can get the rough cost estimation by convert it to Ringgit Malaysia.
Back to the book. In each type of the businesses, it provide some description details about what is this business is all about, the start-up and the hidden costs. Potential earnings are also included. Besides, some businesses need specific qualification and equipments which also stated in each business profile. The best thing among all is this book also provide some marketing and advertising tips for best results from the businesses.
I bought this book for only RM20 but after I've read a quarter of it, I think this book is priceless. I'm so lucky to have this book and hopefully I can optimize the benefit of it by apply the knowledge in my real life.
p/s- Buy books during sales and discount!! It is damn cheap.. :)
Sunday, June 6, 2010
Must, Important, Nice and Useless.
I'm back after stop blogging for 4 months. The reason is because I have some academic plan for my Jan2010 semester (the semester I've just finished) in order to improve my cgpa and hopefully my hard work will be paid. Now I'm at my home in Sik, Kedah and do nothing except eating, sleeping and surfing internet.
Today,I planned to register my account for ASB at the post office but the registration form had already finish, so maybe I'll try again next week or after a couple of days. Next, on the way back to my home, I drop at the public library. Maybe I can spend some time reading some business books there. And look for some interesting book.
Then, I grab a book from Azizi Ali (my idol) entitle The Millionaire Chronicle, and read some of it. Now I going to share with you a simple tips from him. This tip is about personal money management. How you can reduce you expenses by 10 to 20 percent. It is very simple.
First, you must know the different between a "must", "important", "nice" and "useless". The reason why you must really understand this is because you will apply this when buying things. Most people just spend their money without considering this categories. Next time you go for shopping, categorize the items you want to buy based on this four categories.
You must be wondering what is the real meaning of "must", "important", "nice" and "useless". "Must" is something that you really need to buy whether you like it or not. This can be foods or cloth. "Importance" is things that meaningful to you and can improve your life, make you happier and healthier. It can be activities like traveling or sports. "Nice" is something that you like it but to own it, it is a burden for you. Like luxurious car. And the last thing is "useless", it bring no good for you and just harm like cigarettes.
This thing is very subjective. It is different from everyone. For a student like me, buying a car is "nice" since I already have a motorcycle, but for people who just get married, having a car is a "must". So, think wisely and be honest with yourself. Never compare yourself with others. For a moderate income people, buying a Lamborghini is "useless" but for a billionaire, it is a "must".
For your spending, eliminate all the "nice" and "useless" things, you will be shocked by how much money you can save by doing this. That money you can use for "must" and "important" things or just save it for your future.
Today,I planned to register my account for ASB at the post office but the registration form had already finish, so maybe I'll try again next week or after a couple of days. Next, on the way back to my home, I drop at the public library. Maybe I can spend some time reading some business books there. And look for some interesting book.
Then, I grab a book from Azizi Ali (my idol) entitle The Millionaire Chronicle, and read some of it. Now I going to share with you a simple tips from him. This tip is about personal money management. How you can reduce you expenses by 10 to 20 percent. It is very simple.
First, you must know the different between a "must", "important", "nice" and "useless". The reason why you must really understand this is because you will apply this when buying things. Most people just spend their money without considering this categories. Next time you go for shopping, categorize the items you want to buy based on this four categories.
You must be wondering what is the real meaning of "must", "important", "nice" and "useless". "Must" is something that you really need to buy whether you like it or not. This can be foods or cloth. "Importance" is things that meaningful to you and can improve your life, make you happier and healthier. It can be activities like traveling or sports. "Nice" is something that you like it but to own it, it is a burden for you. Like luxurious car. And the last thing is "useless", it bring no good for you and just harm like cigarettes.
This thing is very subjective. It is different from everyone. For a student like me, buying a car is "nice" since I already have a motorcycle, but for people who just get married, having a car is a "must". So, think wisely and be honest with yourself. Never compare yourself with others. For a moderate income people, buying a Lamborghini is "useless" but for a billionaire, it is a "must".
For your spending, eliminate all the "nice" and "useless" things, you will be shocked by how much money you can save by doing this. That money you can use for "must" and "important" things or just save it for your future.
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