Li Ka-Shing teaches you how to buy a car & house in 5 years

Hong Kong billionaire Li  Ka-Shing shares some of his money wisdom, outlining an inspirational  five-year plan to improve one’s lot in life

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Suppose your monthly income is only RMB 2,000, you can live well. I  can help you put money into five sets of funds. The first $600, second  $400, third $300, fourth $200, fifth $500.

The first set of funds is used for living expenses. It’s a simple  way of living and you can only be assigned to less than twenty dollars a  day. A daily breakfast of vermicelli, an egg and a cup of milk. For  lunch just have a simple set lunch, a snack and a fruit. For dinner go  to your kitchen and cook your own meals that consist of two vegetables  dishes and a glass of milk before bedtime. For one month the food cost  is probably $500-$600. When you are young, the body will not have too  many problems for a few years with this way of living.

Second set of funds: To make friends, expand your interpersonal  circle. This will make you well off. Your phone bills can be budgeted at  RMB 100. You can buy your friends 2 lunches a month, each at $150. Who  should you buy lunch for? Always remember to buy lunch for people who  are more knowledgeable than you, richer than you or people who have  helped you in your career. Make sure you do that every month. After one  year, your circle of friends should have generated tremendous value for  you. Your reputation, influence, added value will be clearly recognized.  You’ll also enhance your image of being good and generous.

Third set of funds: To learn. Monthly spend about RMB 50 to RMB 100  to buy books. Because you don’t have a lot of money, you should pay  attention to learning. When you buy the books, read them carefully and  learn the lessons and strategies that is being taught in the book. Each  book, after reading them, put them into your own language to tell the  stories. Sharing with others can improve your credibility and enhance  the affinity. Also save up $200 per month to attend a training course.  When you have higher income or additional savings, try to participate in  more advanced training. When you participate in good training, not only  do you learn good knowledge, you also get to meet like-minded friends  who are not easy to come by.

Fourth set of funds: Use it for holidays overseas. Reward yourself by  traveling at least once a year. Continue to grow from the experience of  life. Stay in youth hostels to save cost. In a few years you would have  travelled to many countries and have different experiences. Use that  experience to recharge yourself so that you’ll continually have  passion in your work.

Fifth set of funds: Invest. Save the $500 in your bank and grow it as  your initial startup capital. The capital can then be used to do a small  business. Small business is safe. Go to wholesalers and look for  products to sell. Even if you lose money, you will not lose too much  money. However, when you start earning money, it will boost your  confidence and courage and have a whole new learning experience of  running a small business. Earn more and you can then begin to buy  long-term investment plans and get long-term security on your financial  wealth being of yourself and your families. So that no matter what  happens, there will be adequate funds and the quality of life will not  decline.

Well, after struggling for a year and if your second year salary is  still RMB 2,000, then that means you have not grown as a person. You  should be really ashamed of yourself. Do yourself a favour and go to the  supermarket and buy the hardest tofu. Take it and smash it on your head  because you deserve that.

If your monthly income is at RMB 3,000, you must still work very  hard. You must try to find a part time job. It will be great to find  part time sales jobs. Doing sales is challenging, but it is the fastest  way for you to acquire the art of selling and this is a very deep skill  that you will be able to carry it for the rest of your career. All  successful entrepreneurs are good sales people. They have the ability to  sell their dream and visions. You’ll also meet many people that will  be of value to you in the later part of your career. Once you’re in  sales, you will also learn what sells and what not. Use the sensitivity  of detecting market sentiments as a platform for running your business  and in the identification of product winners in the future.

Try to buy minimal clothes and shoes. You can buy them all you want  when you’re rich. Save your money and buy some gift for your loved  ones and tell them your plans and your financial goals. Tell them why  you are so thrifty. Tell them your efforts, direction and your  dreams.

Businessmen everywhere need help. Offer yourself to do part time for  any kind of opportunities. This will help to hone your will and improve  your  skills. You will start to develop eloquence and soon, you’ll  be closer to your financial goals. By the second year, your income  should be increased to at least RMB 5,000. Minimum it should be RMB  3,000, otherwise you would not be able to keep up with inflation.

No matter how much you earn, always remember to divide it into five  parts proportionately. Always make yourself useful. Increase your  investment in networking. When you increase your social investment,  expand your network of contacts, your income also grows proportionately.  Increase your investment in learning, strengthen your self confidence,  increase investment in holidays, expand your horizons and increase  investment in the future, and that will ultimately increase your  income.

Maintain this balance and gradually you will begin to have a lot of  surplus. This is a virtuous circle of life plans. Your body will start  to get better and better as you get more nutrition and care. Friends  will be aplenty and you will start to make more valuable connections at  the same time. You will then have the conditions to participate in very  high-end training and eventually you’ll be exposed to bigger  projects, bigger opportunities. Soon, you will be able to gradually  realize your various dreams, the need to buy your own house, car, and to  prepare an adequate education fund for your child’s future.

Life can be designed. Career can be planned. Happiness can be  prepared. You should start planning now. When you are poor, spend less  time at home and more time outside. When you are rich, stay at home more  and less outside. This is the art of living. When you are poor, spend  money on others. When you’re rich, spend money on yourself. Many  people are doing the opposite.

When you are poor, be good to others. Don’t be calculative. When  you are rich, you must learn to let others be good to you. You have to  learn to be good to yourself better. When you are poor, you have to  throw yourself out in the open and let people make good use of you. When  you are rich, you have to conserve yourself well and don’t let  people easily make use of you. These are the intricate ways of life that  many people don’t understand.

When you are poor, spend money so that people can see it. When you  are rich, do not show off. Just silently spend the money on yourself.  When you are poor, you must be generous. When you are rich, you must not  be seen as a spendthrift. Your life would have come full circle and  reach its basics. There will be tranquility at this stage.

There is nothing wrong with being young. You do not need to be afraid  of being poor. You need to know how to invest in yourself and increase  your wisdom and stature. You need to know what is important in life and  what is worth investing in. You also need to know what you should avoid  and not spend your money on. This is the essence of discipline. Try to  avoid spending money on clothing, but buy a selective number of items  that have class. Try to eat less outside. If you were to eat outside, do  make sure you buy lunches or dinners and foot the bill. When buying  people dinner, make sure you buy dinners for people who have bigger  dreams than you, and work harder than you.

Once your livelihood is no longer an issue, use the remainder of your  money to pursue your dreams. Spread your wings and dare to dream! Make  sure you live an extraordinary life!

Famous theory from Harvard: The difference of a person’s fate  is decided from what a person spends in his free time between 20:00 to  22:00 . Use these two hours to learn, think and participate in  meaningful lectures or discussion. If you persist for several years,  success will come knocking on your doors.

No matter how much you earn, remember to split your salary into five  parts. Take care of your body so that it will still be in good shape.  Invest in your social circle so that you will constantly meet new people  where you can learn new knowledge from. Expanding your network will also  have an important impact in how much you earn eventually. Travel every  year and expand your horizons. Also keep abreast with the latest  developments in the industry. If you follow this plan diligently, you  will soon see big surplus in your funds.

Whatever happened in the past is over. Do not dwell on past mistakes.  There’s no point crying over spilt milk. Everybody makes mistakes.  It’s what you learn from the mistakes, and promising yourself not to  repeat those mistakes that matters. When you miss opportunities,  don’t dwell on it, as there are always new opportunities on the  horizon.

Being able to smile when being slightly misunderstood is good  upbringing. When you’re wronged and you smile with calmness, it is  generosity. When you’re being taken advantage of and you can smile,  you’re being open-minded. When you are helpless and you can do a  philosophical smile, you’re in a calm state. When you’re in  distress and you can laugh out loud, you’re being generous. When  you’re looked down and you can calmly smile, you’re being  confident. When you’re being jilted in relationships and you can  smile it off, you’re being suave.

There are many people who are struggling to make ends meet. It  doesn’t matter if you are rich or poor. There are lessons for all  to learn from Li Ka Shing

Actual Article

Original Article in Chinese

Having been in Financial and Insurance Planning foe many years, this article proved to be a very enlightening sharing which really amazed me. It surely has to be an eye-opener for all. Well, if your salary really hasn’t increased to your expetations, then you may need to take a pointer from him, which I will print again”-

” You must try to find a part time job. It will be great to find  part time sales jobs. Doing sales is challenging, but it is the fastest  way for you to acquire the art of selling and this is a very deep skill  that you will be able to carry it for the rest of your career. All  successful entrepreneurs are good sales people. They have the ability to  sell their dream and visions. You’ll also meet many people that will  be of value to you in the later part of your career. Once you’re in  sales, you will also learn what sells and what not. Use the sensitivity  of detecting market sentiments as a platform for running your business  and in the identification of product winners in the future.”

You need to do this, even if not for the money, but at for growth in your personal life & career

Contact me if you want to know more about Insurance & Financial Planning opportunities

Earning another RM2,000 per month FOR A START does not necessarily need hard work, but a CONSISTENT & SYSTEMATIC WORK HABIT

RAMA KRISHNAN

+6012-320 8475

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Kota Baru hospital detects breast cancer in 6-year-old – Bernama

Breast Cancer

Hospital Raja Perempuan Zainab II (HRPZ) has detected breast cancer in a six-year-old girl.

HRPZ Breast and Endocrine consultant surgeon and department head Dr Imi Sairi Ab Hadi said the patient from Pantai Cahaya Bulan in Kota Baru was diagnosed with a lump measuring two centimetres on her breast in October last year.

“An operation was done to remove the lump and she is now required to receive treatment every month.

“Nevertheless we believe it can be treated as it is still at the first stage and possibly due to a genetic factor,” he told reporters in Kota Baru today.

He said breast cancer was the leading cause of death for women in Malaysia, but in Kelantan breast cancer based on both genders, is the second most fatal after colon cancer…………………..

Read more at The Malaysian Insider

Is anybody too young to worry about critical illness? The above article is food for thought

Contact me if you want solutions that provide money to possibly help you live longer and healthier.

Ask about our fascinating TRUE LADY programme!!

Rama Krishnan

+6012-3208475

Q: When are you coming back after your CNY holidays? A: I don’t know

HorseWhile exchanging Chinese New Year wishes just now in our office, a senior Insurance Adviser was asked when she was coming back after the holidays.

She replied, “I don’t know. See lah how, I’ll decide later when to come back to work”

This is the luxury she had earned for herself after her years of dedication to her career in the Life Insurance industry. How about you? Do you enjoy the same freedom to decide on the duration of your vacation?

If no, then perhaps NOW you might want to chart a new direction and race as fast as the horse against the wind towards financial freedom and happiness?

If that’s what you want, then we are here to let you explore the world of insurance & financial planning in bettering yours and the lives of people whom you care for

So what’s in store for you in the Year of The Wooden Horse? Read more here at NST

WE WOULD LIKE TO WISH ALL A VERY HAPPY AND PROSPEROUS YEAR OF THE HORSE. MAY YOUR LIVES BE FILLED WITH EXCELLENT HEALTH, ABUNDANT PROSPERITY AND MUCH, MUCH HAPPINESS ALWAYS!!!!

Rama Krishnan

+012-3208475

RON95 to be available only for the poor, says Ku Nan

ron-95-petrol

“Federal Territories Minister Datuk Seri Tengku Adnan Tengku Mansor (pic) said Putrajaya will announce a new mechanism to enable the subsidised price of RON95 fuel to be only for the poor.

In announcing this yesterday, he said the new pricing policy will most probably take effect in May or June.

“We want to impose the increase to only those who can afford it,” Tengku Adnan said, adding that someone who drives a Toyota Alphard or Mercedes-Benz may still use RON95.”……………

……..””We are doing this for Malaysia’s future. Although Putrajaya could adopt a populist approach and solve today’s problems, we would end up destroying our future as a nation,” Tengku Adnan said.”

Read more here at The Malaysian Insider

The writings are on the wall. Either we wait for things to happen before we act, or act before things really happen.

It during difficult economic times do the “wealthy” manage to pick up bargains at the expense of the “not so wealthy”

We have to decide if we want to be “wealthy” or “not so wealthy”.

Contact me to find out how you can create wealth for yourself, while helping others to create and protect their wealth

RAMA KRISHNAN

+6012-3208475

70% of employees plan to leave their jobs, says survey

malaysia_factory_sony_15072013_400_257_70

JANUARY 22, 2014

Nearly seven in 10 employees are looking to leave their jobs this year for better careers, a survey found.

Malaysians are not just switching jobs to boost their careers but the decision to leave also hinged on “uncompetitive salary” (55%), “lack of recognition at the workplace” (35%) and “lack of trust in senior leaders” (21%), revealed the 2013/2014 Randstad World of Work Report.

“It is important that employers understand what motivates their employees and engage with these motivations.

 “This will help business leaders inspire their staff to perform at their best, remain in the company and protect very valuable intellectual property,” said Jasmin Kaur, director of Randstad Malaysia.
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If you are contemplating leaving your job now, perhaps you may not need to do so YET.
What might be more assuring would be a steady income from an alternative source
where it is YOU who writes your increments and bonuses
In the beginning and working part-time, holding two jobs might seem difficult, but eventually nothing beats:-
– FLEXI HOURS WORK-LIFE
– WRITING YOUR OWN PAYCHECKS & INCREMENTS
– ENHANCING YOUR LIFESTYLE AND THAT OF YOUR FAMILY
– CREATING YOUR OWN RETIREMENT FUND
– OPPORTUNITY TO MEET ALMOST ANYONE AND EVERYONE
– WINNING PAID HOLIDAYS AND OTHER INCENTIVES
– GROWING IN KNOWLEDGE & SKILLS IN AREAS OF LAW, PYSCHOLOGY, BUSINESS, FINANCE and everything else.
Call me to find out how the world of Insurance & Financial Planning can help you, and those whose lives you touch, lead better lives
RAMA KRISHNAN
+6012-3208475

As living costs spike, more Malaysians seek help from debt counselling centre

Reason for Debt……..”Johan, who works in information technology, and Diana (not their real names) ended up at the AKPK counselling centre in Kuala Lumpur after finding themselves knee-deep in debts.

With two children to support, they are their wits’ end as the banks have started calling in their loans. The couple realised that they would not be able to pay off their debts with Johan’s monthly salary of RM2,000.

“We have two car loans and credit card debts of more than RM20,000. Every month, we are expected to pay more than RM1,500 to the banks, which we obviously cannot afford,” Johan told The Malaysian Insider.

Diana stopped working early last year to continue her studies. They thought they could manage with one salary, but the cut in fuel subsidy in September hit them hard.

They claimed the fuel subsidy cut had a domino effect on their lives.

“Household items costs a lot more. We found we could not make ends meet. We moved in with my parents to cut cost but it did not help much,” he said.

The constant worry about money and their escalating debts also strained the couple’s relationship.

“We fight almost constantly about money and this has taken a toll on our marriage.

“That is why we decided to come here. We really need help,” Diana said”…………….

Read The Malaysian Insider for full story

Blogger’s comment:- The biggest challenges humans generally face is procrastination and need for instant gratification. The writing is on the wall telling us about the increasing cost of living.

Question is if we still want to remain in our comfort zone ( and enjoy instant gratification) or take action NOW ( fight procrastination)

Call me to explore options to enjoy a better lifestyle

Rama Krishnan

+6012-320 8475

The science of willpower: Kelly McGonigal

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It’s the second week in January and, at about this time, that resolution that seemed so reasonable a week ago — go to the gym every other day, read a book a week, only drink alcohol on weekends — is starting to seem very … hard. As you are teetering on the edge of abandoning it all together, Kelly McGonigal is here to help. This Stanford University psychologist — who shared last year how you can make stress your friend — wants you to know that you’re not having a hard time sticking to a resolution because you are a terrible person. Perhaps you’ve just formulated the wrong resolution.

McGonigal has, for years, taught a course called “The Science of Willpower” through Stanford’s Continuing Studies program and, in 2011, she spun it into a book, The Willpower Instinct. The TED Blog spoke to McGonigal this week about how willpower is often misunderstood, and what we each can do to improve it. (We also asked her about today’s talk — Why dieting doesn’t usually work.) Below, an edited transcript of the conversation.

Read more here

 

Also her take on controlling willpower

 

 

 

 

Amy Cuddy: Your body language shapes who you are

Fake it till you make it
Fake it till you become it
The science behind body language

For actual site & transcript of video
TED: Ideas Worth Spreading

Malaysia’s King of Mini – Marts

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A fine example of an  entrepreneur who never let his handicap get in the way of success and who can put many a fully-abled person to shame. Truly an inspiration to me

Lee, 42, the founder of the 99 Speedmart chain of stores is Klang’s undisputed “Mr Mini Mart” and runs his business empire from a wheelchair.

At eight months, he was struck with polio, rendering his legs unuseable. The disability had in no way affected Lee’s zest to succeed in life and business. Pointing to his wheelchair, he said: “This is nothing.”

Life should not be lived bemoaning what you don’t have. Rather, it is about using what you have to build something for yourself, your family and the community,” added Lee, whose journey to success has been one of blood, sweat and tears.speedmart

Life has thrown challenges at Lee at every turn. He was born into a poor family and his hawker mother and contract labourer father fended for their 11 children as best as they could.

However, the financial burden was just too much. His parents cried when they told Lee he could not attend secondary school because the journey was too far and they just could not afford the transport fare.

“I was sad but undeterred. I borrowed textbooks from neighbours and read them at home. I also read the newspapers and magazines,” Lee recounted.

At 23, he opened his first grocery shop in Jalan Tepi Sungai here.

“I took to trading because there were not much employment opportunities for me. Let’s face it, a man in a wheelchair with a primary education is not exactly in high demand.”

In a few years, his shop became the best grocery store around – known for its good customer service, fair price and variety of goods.”

“I took to trading because there were not much employment opportunities for me. Let’s face it, a man in a wheelchair with a primary education is not exactly in high demand.”

In a few years, his shop became the best grocery store around – known for its good customer service, fair price and variety of goods.

Business was good but Lee wanted more challenge. He sold the shop to a relative and opened a mini-market in Klang Utama with RM300,000 seed money in 1992.

“I was not afraid, having been in business for five years. I knew I could do better and at that time, the big hypermarkets were not around yet,” said Lee, who now owns 44 convenience stores here and in the Klang Valley. While the business has given Lee a tremendous sense of achievement, it is his wife Ng Lee Tieng, 27, and their two children, aged four and six, who have brought him much joy and a sense of completeness.

“Lee Tieng is my source of strength. Her vivacity complements my more reserved nature.

“More importantly, my wheelchair is invisible in her eyes and those of my kids. Their love allows me to walk tall, run, sprint and race towards success.”  

Read actual story at The Star,and even more at Forbes

Rama Krishnan

+6012-3208475

More Malaysians to be declared bankrupt, says daily

MARKET9_540_360_100“The number of bankrupts in Malaysia is expected to rise following the recent price hikes in electricity tariffs and other household goods, as well as the removal of sugar and fuel subsidies.

Singapore’s Straits Times reported today that last year, more than 60 people were declared bankrupt daily until September, with the figures up from 53 people a day in 2012.”

………”Credit card debt has gone up. The amount owed to banks for longer than six months to November last year stood at RM426.4 million, compared with RM402 million in the same period in 2012, the daily said.

Credit Counselling and Debt Management Agency (AKPK) chief executive officer Koid Swee Lian said credit card users also “have themselves to blame”.

“In Malaysia, only about half of the credit cardholders pay above the minimum required amount of 5% of total owed to banks each month, whereas in Japan and Korea, it is 89% and 87% respectively,” she said.”

………..”It also highlighted the plight of a 26-year-old salesman who is now struggling to pay off a RM10,000 loan he had taken to foot hospital bills following an accident. He earns RM 2,300 and has no credit cards and he, too, is seeking help from AKPK.

“People like us just don’t earn enough,” he said. “Even insurance is a luxury.”

Read more from Malaysian Insider

Presently, tightening your belt may be necessary, under the present circumstances,

But perhaps it may be time to actually seriously think about increasing your income?

Call me for more information about how you can work with

just about the best financial institution in town

Rama Krishnan

+6012-320 8475