Entries Tagged as 'Wealth Creation'

Personal Finance

J.D. of www.getrichslowly.com wrote a great article on The Architecture of Personal Finance. I’ve put it here for my own reference and for the benefit of other readers.

For the year 2008, I shall be taking extra measures to manage my finance well. That would include budgeting my expenses, putting aside savings (paying myself more!), investing in the right places and practicing frugal living (?). I shall also continue to read more books on financial management, wealth creation, internet marketing and personal development. Like J.D. mentioned, we have to experiment to acquire a method of financial management that works best for us. I suppose there is no particular right way of going about it. But if one way or the other works for us, then we should just stick to it.

As of now, I’m contemplating putting my savings in a high interest savings account (HSBC has one that pays 3% interest a month). That and transferring my credit card balance to a low interest rate credit card (Affin Bank- hope they’ll still have it for 2008). Financial planning/management is a pretty new field for me. I’m glad I’ve got caught into it cause it’ll play a major role in me achieving my financial freedom goal. I’m starting to really dig finance blogs!

Your Rezeki

Yesterday was a rather good day for me in terms of rezeki. Rezeki is a Malay word which roughly describes wealth or whatever goodness that you receive.. I’m not so sure what the exact word in English is though. Maybe someone out there can help clarify. Your rezeki can come in many forms be it money, gifts, property, food, good health, an opportunity etc. Even children are thought to be a form of rezeki.

Yesterday was a day of receiving for me. Today, I wish to do my part in giving back. So here is my offer:

I’d like to invite 5 people to join my Personal Development Movement. In other words to become partners with me in a fabulous program under the guidance of sifu Zamri Nanyan (Malaysia’s Internet Marketing Expert Coach). Zamri’s passion is in helping others make money online. If you’ve always wondered how internet business operates, this is your chance to learn and EARN!! By joining me, you’ll be receiving personal coaching from me and Zamri on earning an income online. I am extending this offer until midnight, 31 December 2007. If you’re ready to take action fast, click on the link provided below and fill in your details fast!!

http://www1.successuniversity.com.my/r/into

Remember, by doing this you’ll be securing your future success. Start the new year with a bang! Click on the link now! A free gift awaits you just for joining. This venture may just be your rezeki in abundance ;)

http://www1.successuniversity.com.my/r/into

Invest now for a better, wealthier future tomorrow. You reap the seeds that you sow.

Till then, take care. Aim high! To the Top!!

Of Cows and Rhinos

My parents and I have often debated on the issue of work and financial security. My parents’ idea of an ideal life is to study hard, get good results, find a good secure job, then work hard, rise in ranks and lastly retire and live on your pensions (all of which I’ve done except for the retiring part - I’m still young!).  I’m sure nothing of what I’ve said is new to most of you.

I adore my folks and they have done a great job raising me for which I am thankful for. They’ve also managed to built a pretty comfortable lifestyle from my father’s secure earnings. However, from what I’ve learned, being comfortable won’t guarantee you financial freedom if that’s ever your goal. I for one am no expert in this field, for now. However, I have recently developed an insatiable desire for knowledge on wealth creation and because of that, I am calling this month “my month of wealth creation read” (and anything in between for that matter eg. money management, finance, investement etc). On the same note, I was actually surfing the internet for more materials to read on managing money when I came across a pretty informative blog by a local (Malaysian) blogger. I shall be putting him in my blogroll. From his blog I can tell he knows alot about finance. But more about this mystery blogger later.

This month I managed to read Secrets of the Millionaire Mind by T. Harv Eker in just one week (haha..nothing to brag about right? But I still consider it an accomplishment seemingly that I only get the opportunity to read in between other pressing commitments - son, work, family, internet marketing..). Those great people who read my former blog would know that I can’t stop raving about that particular book. It is so jam-packed with fabulous millionaire mind tips!! I shall be reading it over and over again at least once a month until the whole concept registers in my mind - my thoughts become my words, my words become my actions, and my actions become my results - who I am or who I become.

Ohh.. yes.. back to what I had in mind initially when I started writing today’s entry..of Cows and Rhinos..

Just before going-home-time today, I listened to an audio CD on Murphy’s Committee. It’s one of those valuable CDs/DVDs I’d gotten from my Success University premium member package (yeah..yeah.. it took me that long to get a chance to listen to it). The contents of this audio is truly fantastic. I must say I love the concept brought about by the author. It’s a bit like a theory which goes something like this:

We basically are either a rhino or a cow (not animal personality again! - you say;p) in nature. In life, there is paradise waiting for us on the otherside of the jungle. While cows prefer to graze in the field and be safe, secure and comfortable, rhinos on the other hand prefer braving the jungle courageously as their mission is to reach to the other side that is paradise.  From this simple concept, I am sure you can clearly detect two deferring personalities/mentalities. A cow likes to play it safe, would not venture out and practically leads a boring life. Rhinos have the will power to strive and will go after their dreams no matter what the challenges that lies ahead. Rhinos will in the end come out the champions. I would consider myself a young rhino in the making. What about you?