Monday, August 31, 2009

Why & How

In reality there is no an actual equation HOW to get rich and nobody like to share their secret. This is the nitty and gritty of human attitude. Therefore, we need to ask ourself WHY we want to become rich? Without a strong enough WHY, even the easiest HOW to get rich will be too hard. Find your WHY and subsequently you will find HOW or the solution to become rich.

“Where there is a will there is a way” this old phase is telling us that cease dreaming and talking about your future. Immediately take a pen and a piece of paper and start sketch down your idea of your future.

Basically, you divide the paper into 2 columns and written WHY & HOW on top of paper.

I thing there are many WHY we want to become rich and perhaps part of the list in below are what you are facing at the moment.

-No enough saving for children
-Can’t afford to have own home
-Monthly income just enough to cover the monthly expenses
-Can’t afford to change a comfortable vehicle
-Can’t afford go for vacation when holiday
-Totally no much saving in future
-Piles of bill need to settle end of the month
-Can’t afford to buy medical insurance for family
-Live to survive
-Mind always thing how to get extra income
-Work very hard to earn a monthly income
-Need to borrow money from parent or sibling when there is an emergency
-Live in fear due to unstable financial status
-Doing things I don’t want to do
There are many WHY and perhaps you can share with me.

HOW to solve the above statement? The answer is look for more money and we need to change present attitude. Self-doubt and laziness are the core culprit to everybody. We need to think positive and think big that we can do it.

Sunday, August 30, 2009

The important of money

Asian people find difficult to discuss about money matter and treat it as sensitive issue especially to family or superior. I agree that many people claim that money does not make you happy but money are able for me to buy other people time and talent to do what I can’t do or I hate to do. For the example, my mother-in-laws asked to in-charged a joint venture with developer because my status as a land surveyor. I do not want to get in trouble and get trap because of this uncompleted agreement. Therefore, I am using a lawyer whom well known in land matter to amend and advise me on the agreement with my mother-in-laws and the developer.

Similar with our financial status, you must always ask yourself why my financial status likes this and how to improve it. This is a basic quote to enable us to realize why we are in average group. Average group are the person like me that only waiting for monthly income and most of the income will use to settle credit card, bill, loan and minimum saving for emergency.

This is why government encourage Malaysian to start a business either small or medium scale. This is one of solution to generate side income to family. It is sad to tell that nowadays many professionals unable to complete with enterprise in term of financial.

Creating a business sounds simple but it involve of skills such as business skills, money management skills and investment skills. There is no easy road and shortcut to generate wealth. Nowadays there are many schemes either in internet or non-internet claim to generate handsome income with minimum effort. The question is how many people will success without work hard on the business.

All the people want to be rich and it is normal to everybody. I solute those people because they have a bright direction to success. They have a plan in their business. Even in Islam religion, the religion also telling that we need to work hard to generate wealth and subsequently with the wealth we are able to give zakat and assist those in poor categories.


Nearly 40% of Malaysian are earning below RM3K per month as mentioned by our vice Prime Minister, Tan Sri Muhyiddin Yassin on yesterday. Earning of RM3K is considered tough in city especially when the living cost is increasing annually. There is no much saving if we have a family and child need to support.

Thus, what we can do instead of waiting for government assistance. According to Robert T. Kiyosaki, we need to plan for future and set our life goal. It sounds positive and attractive to me because I want to financial freedom as early as possible. I hate to work hard even I am a professional and get nothing in my live. One of my friends has created a business that involve of high tech instrument. However, there is no sell until today because he always talks and dreams without any commitment. There is another friend always related to God when come to business. Presently, either you are professional or non professional, the time is in crisis. We are talking about financial survival instead of financial freedom. When you created a business and have employee with you then we as a leader are responsible to generate income for the business. We could not stay in office and wish the business will come to us and this is why I say it is a financial survival. We can not cut employee salary because of the bad economic. Quality employee is business asset or back bone to a success business.

When economic crisis and lost a job will cause a person in low confident. I can feel the situation when I left my previous company that provides me a steady income and handsome bonus per year. When your monthly income suddenly depresses your confident also being affected? Confident is part of successful life before you are able to create a better plan. How to plan? This is big question mark I need to solve.