Tag Archives: Investment

6 Signs You’re Going To Be Successful

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1.) You hate average

When you hate being an average person, then, the only way is to go ‘up’. This mentality sets yourself to higher standards in terms of the way you look at life.

It shapes the way you think when faced with adversity. You start to enjoy what life throws at you because you know,

While most would succumb to difficult challenges – like every average person does, you don’t.

Instead,

2. You practice discipline and self control

No matter how smart or brilliant your ideas are, if there is no self-discipline, nothing can be gained.

Discipline is important, but to become a successful entrepreneur, discipline becomes essential to ‘survival’.

Once you’re the owner of a business, there will be no one to tell you what to do, or what you need to get done.

You have to constantly find that motivation and eagerness to get things done; and without discipline, you’ll end up a failure.

It’s all on you now.

3. Failure doesn’t scare you

Let’s be honest, the fear of failure gets to you as an entrepreneur. There’s no denying.

What you do instead is, to manage that fear.

Elon Musk has a great strategy when managing fear. He always create a contingency plan in case things go bad.

When he started SpaceX, Musk set a target of $100 million for the rocket launch. If he fails, he’ll bail out of the space venture.

What’s so great about this move? It sets Musk’s mind that failure is a viable option. This helps managing that fear.

He also knows when to quite, which is also important for every entrepreneur so not to get dragged into much higher debt.

4. You wake up early

Most successful people love to start their days early.

This is because, they find mornings are the best time to get as many difficult tasks done as the brain is fresh and able to perform at higher degree.

If you start in the morning, you’ll also find that you get to get things done earlier – so you can spend the rest of the day doing other activities.

5. You surround yourself with great people

You are who you surround yourself with.

I believe this makes sense just by reading the title.

If your friends like to talk or do things that waste time; you’ll end up like one.

If your friends like to talk about ideas, opportunities, or investment; you’ll end up like one.

Start networking with people who are better than you today to get started.

6. You don’t complain

Complaining or whining is a waste of time and breath.

And yet, people still do it – because some supposedly experts on mental health issues say that it’s actually a good thing to vent your anger or frustration.

Guess what? This makes people who listen to them more of a whiner.

By the way, if these mental health experts are correct, then, how come we’re seeing increase in chronic mental health problems – whereas the mental health experts are at its most advanced stage in human history.

My advise? Stop complaining and carry on with life. You need to do something to take your mind off your worldly problems. Everyone’s got problems – deal with it like every other human being in mankind’s history.

There’s a saying “An idle mind is the devil’s playground.”

Secrets To Financial Freedom

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You work very hard. Day in. Day out.

Yet, you could not yield the results you want – which is to achieve financial freedom.

Today, I’m gonna share with you the secrets to financial freedom.

Create Your Networth Target

Creating a budget never really makes sense to me in the first place.

I went through many online material that talks about budgeting & yet, they continue talking about cutting spending & never really got to the core of budgeting.

Whilst it is a no-brainer to cut down spending, I was clueless as to how much is considered a good budget.

I was directionless.

Then I discovered how important net-worth is and how helpful it is when it comes to creating a budget.

Basically, you need to come up with a targeted net-worth & how long you’d think it requires to reach that target.

Once you have a target, all you need now is to reverse engineer that figure into tangible numbers using simple math – giving you an idea how much you need to save every month and so on.

In a nutshell, let’s say you’re aiming to reach a networth of $100,000 in 3 years. This means you need to make $2777.77 every month.

This is where you decide where to cut your expenses or how much money are you short from achieving the figure. It all comes down to simple math.

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Apply The 50/30/20 Rule In Budget

I’ve also talked about this rule.

For those who are not familiar, the 50/30/20 rule was introduced as guidelines to how much you should spend based on needs, wants & savings

Although this is a good place to start, I believe there should be some tweaks depending on where you are today.

In short, I believe the rule should be re-introduced as 40/10/50 – where savings should be the priority, so you can add more money into investment later on.

If you want to know more about it, check out my other article where I discussed this in details.

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Seek Wise Men/Women For Advise On Investment

This is the toughest topic to talk to you about.

Honestly speaking, there is no such thing as an investment that fits all.

Different investment has different settings, different mentality and so on – which can be challenging if you’re not used to the environment.

My experience tells me that the best person to talk to about investment are those whom you have personal relationship with – who have gone through the experience from becoming poor to wealthy.

Gaining their insight is valuable as it gives you first hand lessons, mistakes & failures that you can avoid in the future which is priceless.

Then, once you’re certain – you can go all in.

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Improve Tax Awareness

You have no idea how much money you can save by starting to listen to your accountant.

Credited accountants are able to tell you exactly how and where to spend in order to get the best tax reliefs, or tax reductions.

Getting tax reliefs is always great – so maximize its uses.

If you run a company, it’s even better. You can gain more tax reliefs under company spending.

So go talk to a credited accountant now before that next tax declaration dateline.

My Final Two Cent

If you’re clueless as to where to begin, then, seek advice from wise men or women. Take note every single thing they share with you – even if you disagree with some of the ideas.

Always keep in mind, the best entrepreneur are the ones who are open-minded and do not have answer to every question.

Let me know what you think about the article in the comment below.

Don’t forget to Execute

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One Secret Quality to Become RICH – Honest Truth

In today’s article, I’m going to share with you the one skill which is important in order to become RICH.

Becoming RICH is a subjective matter as there are hundreds, if not thousands of ways to achieve it in these modern days. However, many would agree every success comes down to one important quality which is ‘Sacrifice’.

TO SACRIFICE

To put it simply, without ‘sacrifice’, ‘nothing’ can be ‘achieved’.

Without ‘sacrifice’, no ‘budget plan succeeds’.

Every ‘budget’ plan requires you to ‘cut down spending’.

So , say goodbye to those ‘expensive Starbucks’ drinks. Or to that delicious and healthy ‘Avocado toasts’.

Without ‘sacrifice’, no ‘investment’ can bear ‘profits’.

Every ‘investment’ begins with you having to ‘put aside money’ which you ‘don’t have access’ over a period of time.

Without ‘sacrifice’, no ‘self-discipline’ can be achieved too.

Every ‘self-discipline artist’ knows what it takes to achieve a ‘higher state’ of being able to ‘control’ self from ‘spending’ unnecessarily.

So, you’re probably wondering “How can one achieve a higher level of ‘sacrifice’?”

My short answer is to ‘Travel’.

When I say travel, not jet setting in ‘first class’ seats, or staying in a ‘5 star hotel’.

What I mean is to travel to isolated or remote areas where access to modern world is limited.

You see, the problem with human beings these days is not because we can’t live without technology.

That’s completely untrue.

Human beings have been living without much technology for most of our history. We have strive in wilderness back then, so why not today?

By exposing ourselves to such difficult conditions, we can learn to rely none other than ourselves. We learn that it takes some level of sacrifices to go through the day.

We start gather wood for fire & cooking. We gather water early in the morning to stay hydrated throughout the day. We even begin to forget the access to internet.

Guess what happens when you return? You’ll no longer see the benefits of owning things which are no longer essential to your survival. You’ve become accustom to it.

Personally, this is the best way to learn.

MY TWO CENT

While some argue this method is unnecessary. I argue, unless you’re a natural frugal person, I believe practical experience matters most and that some times, drastic actions are necessary to achieve higher level.

Once you’re accustom to a higher level of sacrifice, you’ll start living differently. You spend on things you only need & skip unnecessary spending without hesitation.

With such quality, any budget plan becomes easy to follow. And any investment becomes easier too as you are able to put more money into it.

That’s it from me. I hope you guys learn something from this. Let me know what you think in the comment below so we can start a healthy conversation about the topic.

Happy Weekend.

 

 

 

7 Qualities That Will Make You Rich

When you see successful people, you seldom think about what lies underneath all the cool lifestyle they exhibit.

Many people dream to achieve success but often struggle due to lack of understanding the qualities required.

Today, I’m sharing the top 7 qualities that will make you rich.

1. Become known for one thing

People often feel proud whenever they tell you they have many talents.

While this can be seen as an ‘ego-booster’ for many, the reality is that it can be both a blessing and a curse.

“He who catches two rabbits at once will catch none.” – German proverb

Attempting to achieve various things at once can drive you to the brink of depression as you try relentlessly to try fit them all into your packed-tight schedule.

You might feel you can do it at first, I felt the same too, but as time goes by, you’ll start begin to worn out. When that happens, you’ll start losing focus on ALL things.

I know that sometimes, you feel you need to make the best out of the time available to you – I’ve been there. Then, I realize that it only accelerate my exhaustion level.

So, why should you focus on one thing at a time?

To start, our brain has shown that it works best when concentrated one thing at a time.

In fact, a research by Stanford University that frequent multi-taskers were actually worse at multitasking.

They even performed worse because they had more trouble organizing their thoughts and filtering out irrelevant information.

Researchers at the University of Sussex in the UK also found that multi-taskers suffer from cognitive impairment affecting their empathy as well as cognitive and emotional control.

Apart from health concerns, if you look at those who are exceptionally successful, you’ll see how often they champion the idea of ‘focusing getting things done – one at a time’.

“Focus and be known for one thing.” – Anonymous

“Your life is controlled by what you focus on.” – Tony Robbins

By becoming known for one thing, the word gets out about you and your business much faster than someone who ‘multi-tasks a lot and known to be an average at a lot of things’.

People are more likely to come to you since you’re the best – some might even fly to you and vice versa.

Start focus today. Be known for one thing.

2. WILLINGNESS TO MAKE SACRIFICES

“Whenever you see a successful person, you only public glories. never the private sacrifices to reach them.” – Vaibhav Shah.

We often see the successes of people, but can never learn enough from the struggles they went through.

Being an entrepreneur will make you realize that the lifestyle you want doesn’t come for easily.

“The dream is free, the hustle is sold separately.” – Anonymous

Real entrepreneurs are not only able to see the opportunity, they are also willing to do what it takes to earn it. They respect the dream and know there’s a price to pay.

On the other hand, if you see entrepreneurship as a way out of your 9-5pm job, or because you enjoy less time working, then, you’re stepping into a ‘sinking ship’.

This is what separates between successful entrepreneurs and ‘wanna-preneurs’.

When I started out, I had to care for both my parents down with chronic diseases. That along with running businesses – I had to make tough decisions and sacrifices along the way, some I’m not particularly proud of but had to be done. I’m glad I made it through today.

That’s entrepreneurship. There’s no easy way up. It’s a rollercoaster.

It’s not going to be easy, but it’s going to be worth it IF you’re smart about it.

3. SELF-MOTIVATION

“Don’t focus on the risks. Focus on the rewards.” – Anonymous

Life will get harder in your journey as an entrepreneur; and to be honest, you’re in this alone in the beginning.

Unlike your job, there’s no one to motivate you but yourself. You have no boss, no peers – you get the idea.

You’d argue “what about partners, investors etc?”

Well, they can only recommend you on the direction and decision making the company should take – but at the end of day, you’re the driving force that should get things done.

You’re your own motivator.

Yes your family and friends will be around you, but what lies within yourself is where you REALLY make the difference.

There will come a number of times where your brain will start to wonder – and start telling you to doubt, stop and give up.

Why not? After all, your business is not making much progress after 1, 2, 3 years. Savings all dried up. There’s nothing left you could do.

This situation alone might scare off most people away.

But successful entrepreneurs know better. They see the risks but they focus on the outcome. This is one of the best ways to motivate yourself. See the rewards, not the struggles.

In addition, you also need to find various amount of motivational quotes and to keep it as mantra in case you start feeling worn out.

Create reminders of what success would look like, or any possessions (e.g. mansion, yacht etc) you desire to own. Do whatever it takes to remind that you need to work harder if you want to achieve it.

If you’re unable to motivate yourself, you’re in tough luck and better off working a job.

4. Define your goal daily

“A dream written down with a date becomes a goal.

A goal broken down into steps becomes a plan.

A plan backed by action makes your dreams come true.”

If you’re an admirer of various successful people, I’m sure you’ve come across the importance of writing down your goals every single day.

This is a habit most entrepreneurs live by; as it helps you an impulse to act on a daily basis.

By setting your goals, you’ll start to wake up ‘with a plan’ rather than ‘to have a plan’.

This attitude helps to start your day as productive you can – not wasting time trying to figure out ‘what to do today’.

When you set the goals every day it helps you to define priorities and keep the most important things on the first place.

The initial identification of priorities is one of the most important things you need to do.

Focus on getting the most profitable activities done early, and then everything else. Soon, you’ll discover the best route to your success.

5. Practice resilience

“The task ahead of you is never greater than the strength WITHIN you.” – Anonymous

“Resilience is the ability to fall, pick ourselves up from the floor quickly, learn and continue with the journey.” – Anonymous.

Resilience is key to success. It gives you an advantage over people who choose to give up the moment they face failure.

You can be the smartest person in the room – who are also not spared from failures; but if you lack the discipline to keep going, you ought to fail as well.

I’m a big saver. In fact, I enjoy saving money especially being able to see my money grows every month at the bank and eventually investment. Of course, I desire for luxurious possessions in life, but I knew I had to keep my grit and carry on saving money.

I’ve tried most which entrepreneurs went through (except being homeless) e.g. eating peanut butter and jelly sandwiches almost everyday, had to juggle between taking care both my parents and my business, and so on.

Today, majority of the savings are in investments. I can live comfortably from the returns alone. I do still save, but slowly, I start to increase my expenses a little bit so I get to enjoy after all the years of sacrifices.

“If you don’t give up, you still have a chance ….” – Jack Ma

You cannot avoid ups and downs along the way but you need to find within yourself to uphold a strong spirit to accomplish your short and long-term goals.

6. Obey the “Rule of 500”

In a nutshell, you need to offer your services or products to at least 500 people per month in order to become a millionaire.

Of course, this depends on the nature of your business i.e. profit margin etc. What’s being pointed out here is to get your product in front of as many people; and quick.

There will be large number of refusals – but this is just part of sales. You just need to be ready for it.

7. Long Term & Short Term Plans

“You have to believe in the long term plan but you need the short term goals to motivate and inspire you.” – Roger Federer

Everything you’ve done in life so far has been for the immediate future.

Mankind functions in strange ways where we mostly know the importance of long term plan – and yet, we still seek for a shortcut.

If you wish to be successful in life, your mindset needs to be re-wired quick.

You need to stop looking for shortcuts, there isn’t one. There are large numbers of successful people can attest to that.

To be honest with you:

It will take between 7 and 10 years to change your life.

You’re probably getting discouraged hearing this – and opting for Netflix instead.

If you’re that person, that’s good. You’ve just saved yourself from 10 years of hard work to success – than decades of average work to just being average.

Being successful requires you to think ahead and take actions now which will have an impact over the long term.

Successful people often look at the rewards of hardship; and then deconstruct it into short term plans to achieve that end game. This mentality is what’s going to help you pivot towards success.

It works similar like reverse engineering a product. You tear it into pieces trying to figure how it works and being made.

8 Things Poor People Do That The Rich Don’t

To become rich, first, you need to stop doing things that make you poor.
In today’s article, I’d like to share with you the 10 things poor people do that the rich don’t. Let’s do this.

1. Poor People Focus On Saving

In truth, if you’re broke you need to make more, not save more. One of the things poor people do is stress over money.
On the other hand, rich people see it as a tool, a resource that can be used to get to where they need to be – which is to make more money.
Saved money does not grow, you need to put your money to work, don’t squirrel it away for when you’re too old to live your best life. Put into investment that gives good returns if you find the idea of running business is too challenging.

2. Poor People Get Paid Based On Time

It’s important to grasp that results are the real currency of the world, not effort. For some this is a shocking revelation.
It does not matter if you are the best at your specific job. If you are not contributing to the bigger picture you will be seen as just another number.
Don’t be afraid of making big moves, shock everyone and change the world.

3. Poor People Blame Others 

Don’t fall into the blame trap. Blaming external circumstances take away your power!
No matter the challenge, it is your responsibility to change it.
Rich people gain self confidence from knowing that their lives are in their own hands if they want better lives, they do better. Stop blaming, start acting.

4. Poor People Think They Have All The Answers

If you ask a poor person why they are poor they will give an answer or rather their belief, why they are poor giving mostly excuses. I may sound harsh, but if you listen, they never really talk about what they should have done, instead, they give reasons which they believe are valid.
One of the things poor people do is talking about other people rather than ideas. They’ll say they are not lucky or even go further to say rich people become who they are by lying and cheat. Poor people tend to be highly-opinionated about anything that is outside their realm of influence.
Rich people are continuously learning, continuously growing and stepping out over their own boundaries in the search for self development.
What’s worse than people than have an opinion on everything?
People that listen to them! It does not matter how perfectly you do things or how successful you become there will ALWAYS be haters.
Haters will drag you down to their level if you let them, that’s all they want, to feel equal.
Put the blinkers on, don’t look back, you’re not going that way.

5. The Rich use their time effectively

Poor people spend a lot of their time doing activities that do not bring any value. Browsing facebook, watching television etc.
While watching celebrity gossip might be interesting, it does not bring any value or benefit to you. It does however benefit the rich celebrity who instead of watching TV is on TV.
They are creating more content (gossip) while the poor are consuming it.
Of course not all media is bad, there are educational books, TV shows etc. And sometimes you need to simply disconnect from the World. That is fine.
However, if you are spending a lot of your time consuming mindless content, it could be a sign of something going on in your life that you do not like.
The rich and the succesful work on their growth, their mission and their problems first. Only then do they possibly consume some entertainment.
 

6. Poor people try to look rich

How often have you seen people trying to impress others with the things they own, the new car, the latest phone.
They are trying to look rich to impress those around them, even those that do not know them. These things are meant to show how succesful they are. How rich they are!
In fact, Poor people spend more on trying to look rich instead of working on actually getting rich. And, all of that stuff that they spend money on is holding them back.
These things that they are buying do not bring any real value. These things become a burden, you have to keep working to afford these luxuries.
How often do you see these type of guys ended up selling their expensive cars or homes? You know the answer to that.

7. Poor people don’t look at the bigger picture

While it is a good thing to be present – focusing on future goals is just as important. Truth is, poor people often lack to look into the bigger picture – or the future.
Focusing the smaller picture, or to focus in short term goal, it lacks direction which is an element to failure.

8. Poor people do what everyone else is doing

Lastly, this may sound arrogant, but in reality, if you do what everyone else is doing, you’re mostly gonna end up like EVERYONE ELSE – broke and average.
If you wish to become rich, you gotta do what the 1% does – which is to take road less traveled.

Ending

That’s it guys for today. Let me know what you think about the article and tell me if you think I’ve missed something.
Thank you for stopping by and see you again soon.
Happy weekend! And don’t forget to Execute.