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

LiKaShingHeader

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

Advertisements

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

Struck by stroke, stuck in S’pore

strokevictim_bgShe hasn’t slept properly in three weeks.

She cries constantly.

Mrs Poonam Jaswal’s perfect little world has fallen apart.

She came to Singapore on Nov 23 to celebrate her 27th wedding anniversary with husband Sunil Singh Jaswal.But their dream holiday turned into a nightmare when Mr Jaswal, 52, suffered a stroke on Nov 25, a day after their anniversary, and has been in the Intensive Care Unit of the neurosurgery ward in the Singapore General Hospital since.

What’s worse is that the couple from Solan in Himachal Pradesh, India, did not travel with insurance. And the hospital bill has already run up to a whopping $42,000.

The Jaswals’ only child, 25-year- old Svaneel, arrived in Singapore on Nov 26, bringing along whatever money she could arrange.The mother and daughter have spent the last 21 days in the corridors of the hospital since they don’t have any relatives or friends in Singapore……………..

……………..”Miss Svaneel says the family has reached breaking point: “We are so helpless at the moment. The lack of money is crippling. My mum is completely shattered.”

She has approached the Indian High Commission for help and claims “they’ve been very kind to us and assured that they would provide whatever help they can”.

In the meantime, the Indian Women’s Association Singapore has offered to channel help to the family.Its president Subina Khaneja told tabla! that readers wanting to help could write to the IWA at community@iwasingapore.org and it will facilitate the assistance.

Read more at ASIAONE Your Health here

There 3 ways how money can be gotten”-

1) Man at work    2) Money at work      3) Charity at work

The insurance premium would have been a pittance compared to the medical bills now. Even no claims were made, as almost certainly that would have been the case most often, how much loss would one incur compared to money we are spending a holiday, especially one overseas?

An insurance would have provided the much needed money to enjoy the best medical attention. Now charity has to go to work to assisted the afflicted

Read another story on how a holiday can go wrong

Boy mauled by monkey  may be permanently disabled

RAMA KRISHNAN

+6012-3208475

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.
.
.
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

The young do get breast cancer

icymi1101143

SYMPTOMS OFTEN DISMISSED

While it is true that the risk of breast cancer increases with age, younger women are not spared.

In fact, 10 to 13 per cent of breast cancer patients here are below 40 years old. These young women are not recommended for routine breast cancer screening, because mammograms are less sensitive in picking up cancer in dense, young breast tissue than in older breasts.

For young women, breast self-examination with the aim of detecting symptoms, such as breast lumps or unusual nipple discharge, is typically the key to early diagnosis.

However, many young women and doctors tend to dismiss these early warning signs, because they believe the women are too young to contract breast cancer.

Hence, delays in diagnosis are all too common.

In addition, breast cancer in young women is more likely to be aggressive, high grade and unresponsive to hormonal treatment.

A combination of these factors result in poorer survival rates for young women with breast cancer than those for older women.

Doctors are typically confronted with otherwise healthy patients facing a life-threatening disease.

Read Full Article here

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

Today, I chased after a woman, but she bolted off just about when I almost reached her

Wait! Wait! Before you get the wrong impression, I am not the one or of the age either, to run after any women, but a happily married man with 2 wonderful kids.

Let me start my story again. Today was the second day in my attempt to get fit again with my morning walks. Three days earlier, going round in circles in the park near my house, I managed to brisk-walk about 1.2 km in about 15 minutes. Today I intended to spend the same time, but cover a greater distance.

As I started my walk, I noticed a woman keep a fairly good pace across the field. So I decided that I would call it quits AFTER I managed to catch up with her. I managed a good pace, slowly but surely catching up with her. Just as I was a few meters behind her, she suddenly exited the park, got into her car and drove off. I was so focused in wanting to catch up with her, that all of a sudden, I was a bit lost as to what I should do.

Anyway, cut the story short, I managed to cover 20 mins today and covering a distance of 2.5km

Why this story? Well, 2013 is closing to an end, to herald in a new 2014. And it also a time when we set goals and hope for a better year compared to the earlier years. Goals are important if we want to be in charge of our destiny, otherwise we would most probably live our lives being victims of anybody or anything.

Some pointers from my story

1) Goals help you know

    • WHERE you are now and where you want to be,
    • WHY you want to be there,
    • WHAT you need to do to arrive there,
    • HOW you arrive there and know
    • WHEN you have arrived there.

If I didn’t set my mind to catch up with her, I would have done a poorer pace

2) Although goals are set, we need to be flexible at times, to adapt to new circumstances facing our plans. The woman disappeared suddenly, I just continued on another circle and stopped, knowing that I had achieved more than expected for the day

3) I think the most important lesson here is that, knowingly or unknowingly, we affect other peoples’ lives for good or for worse. Unknown to her, she actually helped me perform better today in my fitness program today. Question we need to ask is, how much we are affecting other peoples’ lives, be it friends, family or even strangers. Is it for better…or is it for worse?

I think the biggest issue we will face coming year will be the rising cost of living, be it fuel, electricity, tolls, etc. We can either focus on cutting costs to live within our means, or proactively work towards generating greater income for ourselves to enjoy a better quality of life

Financial planning, investment planning, insurance planning or however you may wish to approach it, offer opportunities for those wishing to enhance their quality of life in insurance selling. It also enables us to improve the lives of our clients through protecting their assets and increasing their savings and investments, ultimately assuring their quality of life

Zurich Insurance Malaysia is a global insurer, wishing to increase their presence to the Malaysian public. This is very obvious in the various branding campaigns that are ongoing now. It is a wonderful company that is sparing no effort in creating quality Sales Advisers and superior Products. The following press release also shows why insurance is the way to go

Contact me to know how you can better your life and those who matter to you with Zurich
Rama Krishnan
+6012-3208475

“…..Given the country’s strong economic growth, life insurance premiums in Malaysia were set to grow 5.4% in 2014, compared with the global average of 3.9%, Swiss Re said. — Reuters”
More Here

Electricity tariff up 15% next year, minister announces

Following weeks of speculation, Putrajaya today announced that electricity rates in Malaysia will be up by 14.98% or 4.99 sen to 38.53 sen per kWh, effective January 1 next year.

Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili announced the new rates in a press conference at the Parliament lobby today.

This move was anticipated after Putrajaya announced its plans to trim fuel subsidies for power producers in the first quarter of 2014

Read more here

Similar to my previous blog, the question here is, will your pay hike and coming bonus be enough to offset your electricity cost and resulting costs increase

One move you could do would be to cut your expenses. Another would be to increase your income and maximize investment returns. If you are interested in the later, please contact me for opportunities available in Financial Planning.

FP happiest job

Click here for page

Rama Krishnan

+6012-3208475

Stubborn behaviours can hurt our goals to become rich

13moneymistakesMany years ago I helped someone solve a bad credit problem that saved her a few thousand ringgit.

My advice was that she should place her ‘newfound’ savings into a safe portfolio to build up her emergency funds.

To my dismay, I found out later that year that she had used all her savings to buy another luxury car and her debts started to pile up again!

This is an excellent example of financial stubbornness when the habits in our lives are beyond control.

Such behaviours are financially fatal and if change does not happen, the only way is downhill.

Besides behaviours, there are also stubborn perceptions which can rob us of our wealth building goals.

* Investments are always bad for me.

Investors who do not understand how investments work and have lost money think that investments are not for them.

Losing money does not make the investment “bad” but such perceptions can keep your money from growing.

Create portfolios which are aligned to your life’s goals.Avoid being sold merely on products.

* Insurance is only out to cheat me.

Some may have listened to a bad sales talk, resulting in being under insured and exposed to financial losses due to unforeseen events

Make sure that you understand what insurance you are buying. Normally, a good insurance would provide you with the highest coverage at the lowest premiums.

* I am more clever than the market and hence I can beat it.

No one can ever predict the market movements even with the most sophisticated tools! Even if they can, why would they want to share with you the trade secret? Time, strategy and a purpose should be your focus in building wealth.

* I am too young to plan for retirement.

Retirement isn’t about retiring due to age but retiring from the work you don’t enjoy.

You can ‘retire’ even if you are in your thirties or forties.

If you are not planning early, there is really no time to accumulate when you are ‘forced’ to retire in your later years.

Being financially stubborn also means being financially arrogant. There is no point being arrogant and yet ending up poor.

16 money mistakes you are making

1) You don’t save
2) You don’t have a budget
3) You don’t have a rainy day fund
4) You buy unnecessary things
5) You don’t have a retirement goal
6) Paying unnecessary fees
7) You have inadequate insurance
8) Falling for gimmicks that make you spend more
9) Not looking for better prices
10) Making bad or emotionally-driven investments
11) Falling into credit trap
12) Not investing in career advancement
13) Applying for bad loans
14) Spending too much on habits
15) Ordering drinks when eating out
16) Eating out for lunch

Read full article here

Rama Krishnan

+6012 – 320 8475