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

Win Samsung Smartphones, Nikon semi-pro cameras and other more than 200 prizes

Know you better1

Win Samsung Smartphones, Nikon semi-pro cameras and exclusive Zurich merchandise totaling more than 200 prizes

In its effort to raise it market presence and getting to know consumer needs better, Zurich is running this Survey cum Contest until 31st March 2014, Win attractive prizes by just filling up the survey and answering 2 simple questions

NO PURCHASES REQUIRED !!!!!

How to win? Simple:-

Know you better2

1) Print out the Survey Form ( Black & White & photocopy also accepted)

2) Fill in required:-

  • Contact Details,
  • Insurance Survey,
  • Contest questions,
  • tick box if Zurich can contact you &
  • Sign the Survey Form

3) How you can send it in ? Choose one option

  • Scan & email to 1myzurich@gmail.com
  • Snap photo of Survey form and MMS, Whatsapp, Viber  to +6012-3208475
  • Fax to 03-2146 9013 ( tele/fax 10am-6pm, Mon to Fri)

HURRY! CONTEST ENDS 31ST MARCH 2014

For more information contact me

Rama Krishnan

+6012-3208475