THREE BASIC PROCESS OF WEALTH CREATION

To all of my dearest readers and visitors,

After hearing lots of misconception of wealth creation, I see there is an urgent need for me to put it right according to its true meaning and to disclose the methods of creating wealth.

It is also my intention to coach and assist people to build their wealth so as enable them to be financial independent so that they can take control of their lives. However, each person must be clear that he has to be accountable to himself and have to take appropriate steps to work towards that end. No one can help himself to achieve that end if he does not desire to do so.

All of us have to be mindful that we need to know how to fish, which is the only way, we can assure ourselves of having fishes for the rest of our life. No offence is intended to anyone and please read this article with an open mind.

WEALTH DEFINITION

To create wealth, it is vitally important to get its’ definition right. It is not equal to richness. Richness is a relative and subjective term which has no definite meaning. Wealth is also not equal to income. A huge income does not guarantee that it will generate wealth. It is very much dependent on the person consumption habitst. Wealth is the residual income after deducting all the expenses. As such, wealth is defined as the Net Worth that is the accumulation of your residual income over time. Therefore, to create constant and lasting wealth, you need to add value to all your financial resources. These financial resources are simply utilised to create added residual value over time.

Wealth Creation usually involves three simple processes, which are listed below for your reference and understanding.

1. CREATE WEALTH

Once you fully understand its’ true meaning, you are able to work toward creating wealth precisely and confidently. The key here is to create as much residual income as possible. Residual income is total income minus all expenses wholly incurred to generate that income. Here, you can see that it is not the quantum of the income, but what remains after expenses deduction that is important.

To create wealth, you have to control your consumption, at the same time increase your residual income. In reality, you always have a choice either to spend the residual income away to acquire a higher lifestyle; or be frugal and save more. Egos and financial peer pressure dictate how you spend or to use it to create more wealth to you. Many of us have wealth creation fantasies but few of us will see our fantasies materialise in our lives.

2. ACCUMULATE WEALTH

It is always important to note that not all assets are of equal value in promoting long-term wealth. The real key to creating wealth is very much dependent on how much is spent on acquisition of assets that really appreciate in value.

A person, who spends on things that depreciate in value, will decrease his wealth.  We must invest in assets that will actually increase in value, and thereby increase our personal net worth over time. Therefore, when more money is spent on Wealth-building Assets, the faster you will achieve a higher net-worth.

Here, perhaps you may be able to relate it with the implication of compound interests over time. Just imagine that you save a dollar every day with a fixed rate of interest, the annuity table will tell you how many years you will become a Millionaire. It is amazing, right.

3.  MONITOR AND GROW THE WEALTH

Once you have accumulated several wealth building assets, you need to comprehend its nature of trade and its risks profile so as to take full advantage of its potential.

Here, you need to monitor and review each type of wealth-building assets in term of its return, growth in value and potential value. You will note that some assets give you a much higher return as compared to the others. Higher return assets may however carry higher risk exposure.

To ensure that the wealth buildings assets give you the highest possible yields, you need the expertise of that trade so as to grasp the highest yield for your wealth-building assets at any time. Needless to say that you need the skills and know- how for you to create the highest possible wealth for yourself.
However, you must also realise that you need to purchase other type of assets out of necessity, for entertainment or other reasons.

Some examples of non-wealth building assets are:
-- TVs
- Furniture, unless those appreciate over time.
- iPods

However some of these assets may add value to you indirectly such as when it facilitates your work and generates more value than the amount you spend on them.

No doubts debts can kill. However, if you can use debts to generate income which exceeds the cost of borrowing and also generates cash inflow that is more than sufficient to settle its due installment, then, it makes sense for you to leverage on debts to generate more residual value for you.

I trust this article gives you an insight and understanding of the true meaning of wealth and the simple three process of creating, accumulating and managing its growth. With this clearly in your mind, you will be able to take  appropriate steps to build your wealth. This is a very basic and fundamental framework for everyone who intends to build wealth and it is vitally important to get this right in the first place.

Wishing you every success. Stay tuned and look forward to seeing you again.

James Oh

Stay stress-free life

Dear loving readers and visitors,

In this article I am so excited to share with you some way to de-stress yourself.

Secrets to Stress-Free Life

Our lives are like that. We sometimes get so busy that we don't take time to sharpen the axe. In today's world, it seems that everyone is busier than ever, but less happy than ever. Why is that? Could it be that we have forgotten how to stay sharp? There's nothing wrong with activity and hard work. But we should not get so busy and neglect the truly important things in life, like our personal life, taking time to care for others, Taking time to read etc. We all need time to relax, to think and meditate, to learn and grow. If you don't take the time to sharpen the axe, we will become dull and lose our effectiveness. So, start from today, think about the ways by which you could do your job more effectively and add a lot of
value to it.

Hope this story has given you some insight to life, may you be happy always!


"TO HANDLE YOURSELF, USE YOUR HEAD. TO HANDLE OTHERS, USE YOUR HEART"


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Secrets to Stress-Free Life

When Kathleen Hall stepped off the elevator at her office on the 104th floor one Monday, she had it all: beauty, smarts, a successful career as a stockbroker on Wall Street, a supportive husband, and two healthy children. But despite her efforts to act composed, she was terrified. Nauseated and short of breath, her chest tight, she stopped to lean against a wall. She didn't move from that spot until a security guard took notice and asked if she was okay. She wasn't. Her life, until then so calculated, had come to a screeching halt.

Born to a violent, alcoholic father and a victimized mother, Hall, 55, had learned early what it took to survive. She worked hard as a teenager, baby-sitting, cutting hair in her garage, even detailing cars to scrape cash together. When married and pregnant with her first child, she began to put herself through college. Later she strove to achieve corporate success and make money -- something she knew brought power. But the years of late hours and high-stakes pressure (not to mention the weekly commute from her home base in Georgia) seemed to coalesce into a single realization: Winning the race wouldn't bring happiness. In fact, it could cost her life itself. She turned around, got back in the elevator, and booked a flight home.

Twenty years later, Hall is one of the nation's noted experts on stress management, sought after by clients, colleagues, and media in times of crisis. "I've seen stress cause people to totally shut down -- physically and emotionally. They lose focus and become disoriented, confused, and depressed," says Hall, whose work has included consoling Katrina survivors, counseling victims of domestic violence, and advising families in hospitals coping with cancer and AIDS. Stress comes in countless incarnations, from poor, homeless single mothers to wealthy, depressed CEOs. "It's our nation's greatest democratizer," she says, "and it's not going anywhere."

In her case, that moment of panic by the elevator turned out to be a catalyst for self-inquiry. She quit her job, retreated for six months to a remote cabin at her Clarksville, Georgia, home, and then spent the next seven years on an entirely different course, pursuing a master's in divinity at Emory University and then a doctorate in spirituality at Columbia University. She studied with an eclectic group of visionaries -- Thich Nhat Hanh and Bishop Desmond Tutu, Trappist monks and Sufi leaders -- and noticed that, despite their diverse backgrounds, they all seemed to advocate the same ground-up approach to life. "So many of us strive to move onward and upward, but I began to see that the path to joy starts with an entirely different approach: inward and downward. Seeds first move inward and downward to root -- and then toward the light, upward and forward." Reducing susceptibility to stress, she realized, was essentially a matter of nourishing the roots.

She adopted a powerful but surprisingly simple mantra -- SELF, an acronym for serenity, exercise, love, and food -- and started teaching it to others to great effect. These "four roots of real happiness" may seem almost too easy, but she insists they have a centering effect in even the worst of circumstances. "It's these basic, ordinary actions that ground you," she explains. "By attending to your roots each day, you learn to stay focused and intentional -- and stay true to your design." Making time for serenity, for instance, creates space in our lives for meditation and stress reduction; exercise benefits the spirit and mind as well as the body; love and friendship bring physiological and emotional rewards; and nourishing food, consciously consumed, feeds the senses in a deeply satisfying way. It's these simple things, she says -- a moment to connect with your breath, a walk in the park, a hug from a friend, a thoughtfully prepared meal -- that keep us balanced.
From Body+Soul, March 2007 | Send Me a Free Preview Issue Now!
Next Page: 10 Secrets to a Stress-Free Life


I love the acronym SELF and will put it to good use. Thank you!

Trust you find it useful.

James Oh

UNLEASH YOUR POWER

To all my dearest friends,

In this article, I like to share with you how to unleash your power.

Let go of the past to embrace the future

You might not see how the past affects your ability to reach goals in the future. How can your past life affect what’s going to happen in years ahead? It is really quite important to understand that your past experiences affect you strongly in all you do.

Some of these past experiences may hinder you directly in working towards a goal and some might just be slight hurdles. In all cases these memories can affect you as to how well you do when heading towards a new goal.

Some of you go through life dragging an imaginary anchor around with you. It slows you down, it makes you unable to react to the changes in your life and it certainly weighs you down when trying to work towards new goals.

Releasing that weight would enable you to move quicker and succeed more easily. Perhaps that’s you holding on to past hurts, past incompletes, past resentments, anger or fear. Yet letting go of those anchors could be what you need so that you can fly into the future.

Have you allowed past failures to slow you down in achieving new successes? Have you remembered a friend telling you that you will never achieve anything? Do you remember the teacher at school who told you, you were an idiot and couldn’t do anything anyway?

What about your parents? Did they always encourage you as much as you thought you needed? Did they support you with your school activities and sporting endeavours or did they show no interest?

What have those people done to your confidence in moving forward and achieving new successes? Have they kept you back because you remembered what they said about you? Do your memories of anger, resentment and desire for revenge make you waste valuable energy that could be used to better effect in attaining success?

It’s important to move forward in your life with love and forgiveness. Forgive those who have hurt you, who might have lied to you or stolen from you. Maybe they gossiped behind your back or cheated on you. That doesn’t mean you condone their action, but just that you are letting go.

Letting go will release all that negative energy and will provide you with newfound momentum to perform in your life and attain successes that you might have never thought possible to achieve.

Best way to achieve this release is to actually note down all the people you need to forgive by creating a list showing anyone who has hurt you. Work on each of these hurts until you are able to forgive them.

The release of new-found energy will amaze you. Negativity can be unbelievably draining and in many cases can even be harmful to your health.

Yet it is one of the hardest things to do. Forgiving somebody and letting go of hurts and resentments is the biggest life challenge you face. You feel that these people who have hurt you have made you lose your confidence and contributed to your inability to succeed in life.

It’s not these people who have hurt you that are holding you back from earning the successes you deserve to have. It’s the fact that you are allowing those hurts to hold you back that is so damaging. For your own sake forgive the people who have hurt you. It will clear the way to personal achievements you wouldn’t otherwise even dream of reaching.

Hope that you try it out and feel it yourself.

Thanks for your time and look forward to seeing you again,

James

GOOD TWIST : ARE YOU NOT FAMILIAR WITH

Happy day to all my loving readers and visitors,

Please read this article till the end.

Divorce vs. Murder


A nice, calm and respectable lady went into the pharmacy, walked up to the pharmacist, looked straight into his eyes, and said, "I would like to buy some cyanide."

The pharmacist asked, "Why in the world do you need cyanide?"

The lady replied, "I need it to poison my husband."

The pharmacist's eyes got big and he exclaimed, "Lord have mercy! I can't give you cyanide to kill your husband.
 
That's against the law! I'll lose my license! They'll throw both of us in jail! All kinds of bad things will happen.
 
Absolutely not! You CANNOT have any cyanide!"

The lady reached into her purse and pulled out a picture of her husband in bed with the pharmacist's wife.

The pharmacist looked at the picture and replied, "Well now, that's different. You didn't tell me you had a prescription."
 

Below please find a question for you to ponder :-


1. Are you not familiar with in our daily lives?

Cheers and keep on counting our blessings to keep us going.

Please pass this blog to other who intend to pursuing happiness and health.

James Oh

CUCUMBER IS MORE THAN VEGETABLE

Dear my loving readers and visitors,

I am so excited to share the article with you because I am sure that it will be of great assistance to you.

1. Cucumbers contain most of the vitamins you need every day, just one cucumber contains Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Folic Acid, Vitamin C, Calcium, Iron, Magnesium, Phosphorus, Potassium and Zinc.

2.. Feeling tired in the afternoon, put down the caffeinated soda and pick up a cucumber. Cucumbers are a good source of B Vitamins and Carbohydrates that can provide that quick pick-me-up that can last for hours.

3. Tired of your bathroom mirror fogging up after a shower? Try rubbing a cucumber slice along the mirror, it will eliminate the fog and provide a soothing, spa-like fragrance.

4.. Are grubs and slugs ruining your planting beds? Place a few slices in a small pie tin and your garden will be free of pests all season long. The chemicals in the cucumber react with the aluminum to give off a scent
undetectable to humans but drive garden pests crazy and make them flee the area.

5.. Looking for a fast and easy way to remove cellulite before going out or to the pool? Try rubbing a slice or two of cucumbers along your problem area for a few minutes, the phytochemicals in the cucumber cause the
collagen in your skin to tighten, firming up the outer layer and reducing the visibility of cellulite. Works great on wrinkles too!

6. Want to avoid a hangover or terrible headache? Eat a few cucumber slices before going to bed and wake up refreshed and headache free.. Cucumbers contain enough sugar, B vitamins and electrolytes to replenish essential nutrients the body lost, keeping everything in equilibrium, avoiding both a hangover and headache

7. Looking to fight off that afternoon or evening snacking binge? Cucumbers have been used for centuries and often used by European trappers, traders and explores for quick meals to thwart off starvation.

8. Have an important meeting or job interview and you realize that you don't have enough time to polish your shoes? Rub a freshly cut cucumber over the shoe, its chemicals will provide a quick and durable shine that not only looks great but also repels water.

9. Out of WD 40 and need to fix a squeaky hinge? Take a cucumber slice and rub it along the problematic hinge, and voila, the squeak is gone!

10. Stressed out and don't have time for massage, facial or visit to the spa? Cut up an entire cucumber and place it in a boiling pot of water, the chemicals and nutrients from the cucumber with react with the boiling water and be released in the steam, creating a soothing, relaxing aroma that has been shown the reduce stress in new mothers and college students during final exams.

11. Just finish a business lunch and realize you don't have gum or mints? Take a slice of cucumber and press it to the roof of your mouth with your tongue for 30 seconds to eliminate bad breath, the phytochemcials will kill
the bacteria in your mouth responsible for causing bad breath.

12. Looking for a 'green' way to clean your faucets, sinks or stainless steel? Take a slice of cucumber and rub it on the surface you want to clean, not only will it remove years of tarnish and bring back the shine, but is won't leave streaks and won't harm you fingers or fingernails while you clean.

13. Using a pen and made a mistake? Take the outside of the cucumber and slowly use it to erase the pen writing, also works great on crayons and markers that the kids have used to decorate the walls

Please share this with everyone you know who is looking for better and safer ways to solve life's everyday problems..  Thank you in advance.

James Oh

WORKING TOWARDS A MORE FOCUSED LIFE

My dear loving readers,

Life is short. To live more meaningfully, we need to aim high and achieve more for ourselves and society as a whole. The million dollar question raised here is  how to  achieve this aim.

The answer to the question is definitely not an easy one, but it is not impossible. I believe that most people, if not all, want to achieve that remarkable result for themselves. Below are some of the basic proven guidelines, which I found useful and believe they will benefit you too. Please do feel free to add any other pointers you may have, through the comment column so that everyone may benefit from it.

1. PINPOINT THE PRIMARY GOAL

Here, your goal must be specific, measurable and within certain time frame. Vagueness is the invariable hallmark of the unfocused mind. So, define it precisely and accurately within a specific time frame so as to achieve your goal.

2. CONTINUE TO FAN DESIRE TOWARDS THAT GOAL
You need more than daydreams and wistful wishes. There must be intense, burning desire that drives you to take positive action to work toward your pre-set goals.  To have a lasting effect, you need to develop it yourself by constantly, clearly imagining the benefits that achieving the goal will bring.

3. TAKE APPROPRIATE ACTION

Knowing is one thing but doing is another.  Here, you need to work continuously and take calculated chances, be prepared to make sacrifices and endure setbacks till you achieve your goal. You can't afford to allow the luxury of laziness or delights of frequent distraction to take over your life. In this respect, you are expected to pay what you get. The higher your goal, the higher the price you have to pay.

4. CONSTANTLY EVALUATE AND MONITOR PROGRESS

We need to be aware that taking action is not sufficient. Constant evaluation and monitoring of progress are required. To ensure that we are working toward our goals, we need to obtain feedback and monitor whether we are heading toward our pre-set goals. Otherwise, adjustment is needed so that there will be no deviation from the goals.

5. SEND RIGHT MESSAGE TO YOUR SUBCONSCIOUS MIND

Always remember that all the fears, worries and failure thoughts are constantly channeled into our subconscious mind, and then nothing constructive is going to be sent back. However, a clear, purposeful goal is steadfastly held in the subconscious mind, the subconscious will accept it and begin to supply the conscious mind with plans, ideas, insights, and the energies necessary to achieve that goal. As such, the right message to your subconscious mind is crucial to drive you working towards your goal.

6. NEVER QUIT

Failure is the root of success. So, keep picking up and returning to the fight long after most people would have given up. Be prepared to accept adversity, bounce back and never give up.

7. HAVE FAITH IN IT

We need to realise that the most powerful force in the world is the idea that has taken root in a human mind and heart. Once you have faith in it, nothing can stop you from achieving it.

8. NEVER BUILD A CASE AGAINST YOURSELF

Always be positive and stop cringing. In whatever circumstance, never allow anyone to build a case against yourself if you want to succeed. It is not easy, but the impact is great.

9. NEVER GIVE EXCUSE OR BLAME OTHERS

To become a focused person, get rid of self limiting thoughts. The people who get on in this world are the people who look for the circumstances they want, and if they can't find them, create them. Always be accountable to yourselves and never blame others or give excuses. Major causes of failures on earth are due to no accountability and the desire to blame others.

Trust you enjoy reading this article.

James Oh

THE TWO FROGS

Very happy day to everyone of you,

Hope you find this story well.

A group of frogs were traveling through the woods, and two of them fell into a deep pit. When the other frogs saw how deep the pit was, they told the two frogs that they were as good as dead.

The two frogs ignored the comments and tried to jump up out of the pit with all their might. The other frogs kept telling them to stop, that they were as good as dead. Finally, one of the frogs took heed to what the other frogs were saying and gave up. He fell down and died.

The other frog continued to jump as hard as he could. Once again, the crowd of frogs yelled at him to stop the pain and just die.

He jumped even harder and finally made it out. When he got out, the other frogs said, "Did you not hear us?"

The frog explained to them that he was deaf. He thought they were encouraging him the entire time.

This story teaches two lessons :

1. There is power of life and death in the tongue. An encouraging word to someone who is down can lift them up and help them make it through the day.

2. A destructive word to someone who is down can be what it takes to kill them.

Be careful of what you say. Speak life to those who cross your path. The power of words...

It is sometimes hard to understand that an encouraging word can go such a long way.

Anyone can speak words that tend to rob another of the spirit to continue in difficult times. Special is the individual who will take the time to encourage another.

Have a lovely day,

James Oh