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

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

Gold Target Cut by Morgan Stanley Seeing ‘More Pain to Come’

goldGold will extend declines this year as gains in equity markets reduce the need for haven assets and increased regulation hurts risk appetite, according to Morgan Stanley, which lowered its bullion forecasts.

The 2014 target was cut 12 percent to $1,160 an ounce and the prediction for 2015 reduced 13 percent to $1,138, analysts Peter Richardson and Joel Crane wrote in a report today. Gold remains under pressure as the global recovery gains traction, increasing the risk of higher interest rates, they wrote.

Bullion’s 12-year bull run ended in 2013“…………………………….

Read more here on Bloomberg

Everybody was swearing by gold as the best investment until it turned stale last year. Maybe it is time to relook at your investments and consider investing in Mutuals or Investment Link Life Insurance. Of course Investment Link Life Insurance gives you an advantage over Mutual in that there is the insurance that no other investment can give.

Do you know that in the event you were diagnosed to be suffering from one of 36 Critical Illness, you have the opportunity to:-
* Get a Lump Sum payment
* Allow other coverages like the “NOW VERY IMPORTANT” HOSPITAL & SURGICAL Insurance to carry on
* your investment can still grow, especially now that it is Zurich, that will be continuing your investment payment on YOUR behalf?
 
Call me to find out more on how you can enable yourself growth in your investments while enjoying Insurance Protection
 
RAMA KRISHNAN
+6012-3208475

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

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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

The POWER of a TEAM

Dr Stephen R. Covey  says:- “Together, they can produce far better results that they could individually. Synergy lets us discover jointly things we are much less likely to discover by ourselves. It is the idea that the whole is greater than the sum of the parts. One plus one equals three, or six, or sixty–you name it. “

Here is a video which suggests outcomes when we work as individuals and as a team

Youtube site

We are looking for team players. If you are game, please contact me

Rama Krishnan

+6012-3208475

Health insurance to cover all Indonesians

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“…The landmark programme launched on Dec 31 could prove to be a key legacy of President Susilo Bambang Yudhoyono’s administration in his final year in office. It currently covers 121.6 million poor and unemployed Indonesians and public servants, and will be compulsory for all 250 million Indonesians by January 2019”

….”The scheme will assure lower-income Indonesians such as Mr Paimin of free outpatient and Class III treatment – the lowest category of care in Singapore and other countries – at hospitals and clinics for a mere 25,500 rupiah a month. The bottom third of citizens – some 86.4 million who fall below or close to the poverty line – are exempt from the premiums. Another 35.2 million, including civil servants, soldiers and policemen, will also be included in the scheme, bringing the number of insured to 121.6 million. Coverage is meant to be comprehensive. It covers birth and maternity cases, as well as those who are already ill or getting treatment. But, it is basic.

“….Dr Nafsiah said officials can use easy-to-understand approaches to get the message out: “Last time when we fell very ill, our whole family donated money. But with BPJS, everyone across Indonesia becomes family. They will pay your medical expenses when you are ill. This is the way we explain how insurance works.” ”

Read full article here

The young do get breast cancer

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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

 

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

Malaysia’s King of Mini – Marts

0304_speedmart-lee-thiam-wah_398x265

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