YOU NEED TO GROW YOUR MONEY TREES
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.
Good evening fellow Toastmasters, ladies and
gentlemen.
Today, I will teach you some financial
principles which will allow you to profit
handsomely from investments instruments. Hopefully, this will last you for
a lifetime.
Listen carefully to these ugly but true
financial facts.
Fact # 1.
99 % of US population 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 50 % of the
retirees used up their EPF money in their first 10 years after their
retirement. Scary? Right.
Now, you can't say that
it does not matter anymore.
I like to share with you
3 powerful tips to better your wealth.
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.
To further enhance my
saving, I then keep on trimming down my daily expenses. Examples such as I
prepared my own meal to school and walk to school instead of taking public bus.
My saving habit even
spread to other areas of my life. Save Your Self Time, Energy, Money (SYSTEM) -
I began doing almost everything at my record speed. Multitasking is also my Expertise.
I then traded 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.
Warrant’s Rule No 2. Invest money instead of spending it. I have applied this rule since
35 years ago.
Around the same time, I used
my saving to acquire the most economical bicycle for myself. I bought the used
bicycle frame and used wheels separately. All in, I only spent RM 15 for my
first bicycle in 1975. With this, I tripled my sales income. WOW, say “not
bad”.
To put it simply, I use
money to make more money. Never spend money to improve your life style, but use
it wisely to accumulate more wealth.
Warrant’s Rule 3 Invest
in yourself. I began to apply it since
1978. I stopped my part-time business venture a few months before my MCE
examination. With my MCE cert, I have increased my income more than triple
compared to my last business profit. I then took my LCCI intermediate book
keeping, on part-time basis, with intention to further enhance my monthly
income easily more than double.
I then have a bigger
dream. I keep investing in myself to ACQUIRE knowledge and skills to enhance my
earning potential.
I did not realize that I
have been subscribing to his rules wholeheartedly for the past 30 years.
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
Trumph.
If you don't, you will
become poor.
Here, it has clearly illustrated
that not of the money and the luxurious lifestyle that make people wealthy. It
is their mindset.
When your mind is weak,
you see problem,
when your mind is
balanced, you see challenge,
when your mind is
strong, you see opportunity.
By now, I believe you
know which choice to take for your betterment.
To know the road ahead,
ask those who has returned back.
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