Adam's secret revealed 2

Adam Khoo's secrets revealed 3

First Stage of Accumulate Wealth

In Personal Finance or Financial Freedom . “Financial Principles” which are as useful and practical today.I’ve personally benefited tremendously and applying the principles therein and have experienced improvement in my own finances. Knowing and not doing it, is not yet knowing”. For example, You know that exercise is good for your Health yet many people are lazy to exercise. Knowledge is only POTENTIAL power. Knowledge is ONLY power when APPLIED. 1. Money comes gladly and in increasing quantity to any person who save at least 20% of his/her earnings (first step to Financial Freedom). There are only 3 Cashflow Scenarios: a. You spend more than you earn: This person has negative cashflows, spending future money and likely to end up owing other people money (eg. credit cards, friends, relatives, loan sharks). b. You spend all that you earn: whether this person is earning SGD$500 a month or SGD$300,000 a month, he/she is still "Just over broke". c. You spend less than you earn (eg. save 20% or more of your earnings if possible). as time goes by, this person will automatically get richer and richer. I read SUNDAY TIMES this rich man say “every dollar you earn, do not spend more than 30cents” .Which cashflow scenario do you want to CHOOSE for yourself? 2. Money can work for you, if you become the “wise owner” of money and make money work for you. (note: you’re the Master, money is the slave, while many people are guilty of being slaves to money).

Be positive, Don't complains

THE PERSON WHO COMPLAINS THAT HE OR SHE NEVER HAD A CHANCE PROBABLY HASN’T THE COURAGE TO TAKE A CHANCE. Thomas Edison once observed that the reason most folks don’t recognize opportunity when it comes along is that it is often dressed in coveralls and look like work. Often opportunity involves a great deal of work and a willingness to take a chance on something, the outcome of which may be uncertain. Eventually you reach a point when you must either accept an opportunity with all of its unknowns or else turn your back on it. No one can tell you when you have reached that point; you alone know when it’s time to make your move, to have the courage to take a chance.
by:Dennis Ng

The Rich Dad Television Show

THE SECRET

Rich Dad Poor Dad Robert Kiyosaki

MR SIM is my Singapore Idol

To me, my Singapore idol is Mr Sim Wong Hoo from Creative Technology who sponsor the Singapore Idols. He create the best sound card Sound Blaster ,ZEN Vision M and X-FI. Hope I have the chance to meet him one day. Do you think he deserve to be my Singapore idol? http://www.creative.com

Singapore Idols

90% of people think Singapore idols is this young and pretty Girls and Boys who sing well.

Convenient and Inconvenient

Convenient means easy , It is easy to be broke cause everything is so easy. You just pay and spend till you broke. No hardship at all. Everybody like convenient that is why people choose convenient end up broke.

Inconvenient means difficult, Always difficult to build wealth cause a lot of inconvenient. You got to challenge with others, think of new ideas, accept NO, save money...etc... Spend money is so easy and happy. Saving is so difficult. This is one of the steps to create wealth, AGREE ?

For Example: Credit card gives you so convenient credit to spend. The more you spend the more broke you get into plus the high interest.

For long term. Create your money making machine that gives you passive income every months. Spend your passive income ( other people hard earn money) rather than credit card or other money with high interest. You will be the slave to the money/credit if you cannot pay up. You control money, don't let money control your life.

BE HUMBLE-Don't judge the book by the cover.

There is a Shopping Complex manager who bring his boy walking around the complex during weekend. His little boy keep throwing the snacks and tissue paper on the floor of the complex. There is an old man with his old t-shirt and faded shorts while watering the plant at the complex saw it. So, the old man quickly go and tell the little boy not to littering the complex in a nice way. Then the boy quickly run to his dad who is the Manager. The manager raise his voice saying" Don't teach my son what to do" . The old man reply said is is not very nice for the little boy who keep throwing tissue and snack on the floor although I pick up so many times . Then The Manager said , do you know that I am the manager of this complex? You go back and water your plant, if not I will make sure you will be terminated.

Then old man walk away, 5minutes later the Manager receive a call ask to go to the office immediately. The manager surprise to see the same old man in the office. The Manager was stunt by hearing that the Directors address the old man "BOSS" because he is the owner of the big company who own this complex. The old man said to the manager, from tomorrow onwards, I do not want this manager to work for me anymore".

The Moral of the story is...be humble and don't judge people what they wear or what they do.

MONEY MAKING MACHINE

What is money making machine? Central Bank printing money ? To me MONEY making machine means passive income. How many people can survive without a job ? How long does your savings last you? Build your money making machine that gives you every month passive income.