TO FISH OR NOT TO FISH IN FINANCIAL SEA

TO FISH OR NOT TO FISH (improved version)
If I give you a fish, you will eat for a day. If I teach you how to fish, you will eat for a lifetime.

I share with you some financial tips with the hope that it will help you to grow your wealth steadily to a new record level that will last you for a lifetime.

Listen carefully to these ugly but true financial facts.
Fact # 1. 99 out of 100 of American is NOT part of the "Investing class." Who cares?
Fact # 2. For the 1st quarter of 2012 the average credit card debt for indebted households was $14,517. And it may continue to grow. Not a big deal.
Fact # 3. About 5 out of 10 Malaysian retirees used up their EPF money in their first 10 years after their retirement.

Can your wealth last for your lifetime with a longer life span due to advancement in Science and Technology?

Warren Buffer's rule No 1. - "Do not save what is left after spending, but spend what is left after saving." I, unknowingly, have been applying his financial wisdom since I was 14 years old. I earned my first interest INCOME from my saving accounts with BSN after I had learnt from my commerce teacher around that time.

To enhance my savings further, I have been trimming down my daily expenses. Examples such as prepared my own meal to school and walk to school instead of taking public bus.

My savings habit spread to my other areas of life. Save Your Self Time, Energy, Money (SYSTEM)was developed when I began doing almost everything at my record speed. That is the secret of keeping my Sexy wealth figure. Big in income; Small with daily expenses; Huge in Net worth. Multitasking is also my Expertise, which empowered me to trade off my time saved for more money.
Now, I understand why Robert Kiyosaki pointed out the only difference between the poor and the rich is how they use their time.

Warren’s Rule No 2. Invest money instead of spending it. I have applied this rule since 35 years ago.

In 1976, I used my savings to acquire my first and most economical bicycle to enhance my earning potential. With this, I tripled my sales income. WOW! say “not bad”.

To put it simply, I use money to make more money. With the high inflationary regime, you need to invest wisely to generate higher yields than the inflation rate so as to accumulate your wealth.

Warren’s Rule 3 Invest in yourself. I have applied this rule since 1978. I stopped my part-time business venture to peruse my study. With my MCE certificate, I tripled my monthly income compared to my last business profit. I then repeatedly applied this rule throughout my life. This is the way you sharpen your axe before you move to the next higher level.

I keep on investing in myself. Putting knowledge into action is power. I have been subscribing to Warren's rules wholeheartedly for more than 30 years. But it was very, very clear looking backwards at least 10 years thereafter. To elevate yourself to the next higher level, you need to learn, unlearn what I have learn before relearning. Through this process, you will surely and slowly go beyond your limitation.

Wealthy people invest in themselves. They enhanced their skills to make more money.

In this book "Why we want you to be multibillionaires" by Mr. Robert Koyasaki and Donald Trump.

If you don't, you will become poor.
Wealth is a state of mind.
When your mind is weak, you see problem,
when your mind is balanced, you see challenge,
when your mind is strong, you see opportunity.

To be wealthy, you need to stay focus on BIG picture. Take a baby step; full step before you take leap step on new venture. In doing so, you are able to stay cool and fix the pitfalls that come along your way.

Maintaining Sexy figure is not only a must to accumulate your wealth, but you must also stay vigilant at all times. Ready to grab the opportunity that comes along that can give you the highest possible yield that fit well with your given circumstances, without affecting your peace. Stay hungry, be foolish .

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