Contributions

Contribution is what gives us ultimate purpose and fulfillment in life. A percentage of our wealth, fortune or we normally humbly termed as earnings or savings, regardless how big or small it is, they are meant to be shared with others. In Islam for instance, we are encourage to ”infaq” atleast 1/3 of what we have whereby normally 2.5% of which is in a form of “zakat”. What ever your religion are or what ever u call it. Religion always preach kindness, and of cause one of which is the act of giving or contributing.

Give with a genuine sincerity and not just specifically to the misfortunate or disable. Give to someone who you feel like and does not always really mean to be in need. You might not be the wealthiest or th most fortunate one too to begin with. Infact with that habit, you will be driven to achieve more to be able to give more. On the other hand however, do not feel offended to be given or obliged not to receive.  Its ok to be a receiver. Just appreciate and give them the acknowledgement they deserve. When they are really sincere in giving, by simply not turning them down will already make them feel good and rewarding. If you really think that you are not the one who really in need. Just take that someone noble act as an opportunity or reason for you to give even more to others.

We shall discuss the form of giving we can do maybe in my future post cause as we know we are definitely not just bound to monetary contributions. For now just keep the chain and practice of giving in in any form as an ongoing habit and the world will definitely be a better and indeed a more prosperous place to live in.

Limiting Beliefs

Everyone of us are born with the fullest maximum potential than what we can ever even imagine. However what limit us is our limiting beliefs system. System that we developed, cultivated and nurtured differently in every single individual which are mainly influenced by our respectives habits, culture, upbringing, environment, values and many more.

Im too young to start my own business.. im too young to be a good speaker.. im too young to earn the trust that i deserve.. im too young to do this and to do that.. We keep telling ourselve we are too something to do something. What good does it serve us? We are just giving ourselves excuses. By doing that we are limiting our beliefs about what we are capable of doing. We prejudge and under estimate ourselves even before taking any action towards them. We are too influenced and affected by general perceptions and ideas. Good news is all these limiting beliefs are just very plain generic values that we picked up base only on normally a focus group of UNSUCCESSFUL and FAILURES bunch of people.

“ No one can convince me, except myself, on what i truly capable of doing” – Les Brown.

Think about it again. What do you get by limiting your belief? If you keep telling yourselves that you are too young for this and for that. Then there will come a point in your life you will notice that you will start saying I’m TOO OLD instead, to be doing anything and everything. “Nah.. im too old now”. Sounds very familiar?

Same goes with other excuses such as im not good enough, im a minority,  im not educated enough, im not ready, i have no time yet, have not enough money, have no contacts and so on. Please give yourselves a break! Or at least a chance! Attend to those excuses one at a time diligently.  Eg. Not good enough? Go get that acquired skill or knowledge! NOW!! Just note that KNOWLEDGE is POWER but only when you APPLIED IT!! How about another very common limiting beliefs, no time yet? Go find or create that time! You could not expect 24hrs a day become 30hrs a day whereby only then will you let go of this silly extremely lame excuse. NO one is special because everyone has that equal amount of 24hrs a day.

When you keep giving yourselves excuses you will eventually take NO action towards the ideas and the dreams you long to fulfil. FEAR is the main factor that leads you to form those excuses. FEAR of losing, FEAR of rejections, FEAR of making mistakes or FEAR of failure to just name a few. I suggest you rather put that creative mind of yours to evaluate and overcome the outcome of your actions rather than wasting it on crafting your excuses and affirming and proving that those excuse are indeed correct. You might be wrong but if you do not even do it you will never know that you are wrong. NO ACTION means NO RESULT. ACTION means RESULT then LEARN!! Take failures as a very useful and a personalised feedback for respective matters and then learn. It will definitely bring you to your goals or objectives or not atleast very close to them.

“WHEN YOU SEEK YOU WILL FIND” – Anthonny Robbins

There are so many successful people out there who refuse to have limiting beliefs. Founder of KFC who started his business and make it huge globally when he was 65yrs old. Obama became first black American to win the US presidential election. Minister Mentor LKY making his dedicated and committed vision on Singapore which is now the most developed country in the region despite not having resources became reality are one of the most inspiring in his history!

Just give yourselves a chance to do what you want to do.  Take charge and be in control of your own decisions.

You need a Financial Coach

Many of us generally might have a family doctor.  A specific doctor or a specific clinic where you and family normally visit when you are unwell.  This is usually for convenience sake as most of the time its the clinic that is near to your residential area. Besides, most of your medical report or history are all kept there.  With adequate and sufficient understanding and knowledge on your tracked medical conditions, your family doctors may be able to prescribe your medications accordingly with more effectiveness and efficiency no matter how serious your most current diagnosis may be.

What you doing here is you are allowing someone to assist you on your health condition.  Although health is your own personal responsibility to take good care of. So why should i leave it to someone to take care of it? Can’t i take care of it myself? I have the knowledge on health, so why i still need a doctor? Why should anybody know about my medical conditions?

Same also goes to car workshops where many prefer to keep to one or two they comfortable with, hairdresser, therapist and many more! The TRUTH is even doctors have to have another doctor to take care of him.

Therefore likewise goes with your finances. You think its worth to take care of it yourselves? Remember you may have all the knowledge but a competent advice is still very essential to assist you on your cashflow/budgetting, wealth protection, enhancement, preservation, purification and distribution. Just like when visiting a doctor, depending on how well you allow him to know about you will determine how much more effective he can assist you. However if you only one him to focus on one area then its up to you. U may one to get some one else to look on other aspect.

That is why some people have a couple of finacial planners on their belt as well. Its your freedom of choice. They can be regarded as your financial coach. Everyone needs a coach to perform. So if you think you want to perform and excel financially go get a coach NOW! At the end of the day its you and your very own responsibilities towards your own wealth or health for doctors or car for workshops or hair for hairdresser or tailor for your clothes and all that matters.

Unleashing Power Within

6 Emotional Needs

developed
by Anthony Robbins

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Human Need 1: Certainty
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The first human need is the need for CERTAINTY. We all need to feel
a sense of security that things will be okay. Certainty gives us
peace of mind and assurance.

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Human Need 2: Uncertainty
=========================

As human beings, we have a second
emotional need that is in direct conflict with our first need. We
all have a need for UNCERTAINTY!

Think about it. If you had absolute 100% certainty in your life
where you knew exactly what was going to happen, when it was going
to happen, how it happens, before it happens every single day, how
will you feel? You will feel BORED TO DEATH.

Some constructive strategies would include taking on new challenges
(e.g. going mountain climbing, traveling, starting a business,
writing a book).

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Human Need 3: Significance
==========================
The third human emotional need is the need to feel
significant/special/unique/important/needed. We all hunger for this
need and again pursue it in different ways.

Some people feel significant by attaining qualifications (e.g.
MBAs, PhDs etc..), achieving success, buying lots of toys (e.g.
bigger house, bigger car, country club, Rolex watch etc…) or
pursuing status symbols.

Again, others feel significance by having children (and making sure
they excel and do them proud) or flaunting their wealth. Some
people get significance by being proud of certain identities they
adopt.

Most of us are driven to do value added matters because it makes
us feel significant (useful, special, needed).

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Human Need 4: Love and Connection
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The 4th human need is in direct conflict with the 3rd human need of
SIGNIFICANCE. Think about this. If you felt TOTALLY significant
where you were so unique, so special and so different from all the
people around you. Would you be happy? No! You would feel
disconnected from the people around you.

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Human Needs 5: Growth
=================================================

We need to constantly grow by learning more and challenging ourselves to become better. The moment we stop growing, we start dying emotionally.

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Human Needs 6: Contribution
=================================================

Finally, we all need to contribute beyond ourselves, This is why
people like Bill Gates and Warren Buffett make all the money in the
world only to give most of it away to charity. contribution is what
gives us ultimate purpose and fulfillment in life.

Money Basket

Knowing how to allocate the money you save is the single most
important decision that will lead to your financial goals. You
should take your monthly savings of 15-20% and allocate it to four
money baskets. These are the security basket, growth basket, high
growth basket and the luxury basket. Let me explain each of these.

1. Security Basket (Target Return of 1.5%-4.5%pa)
This first basket is as the name implies, for your security. The
funds in this basket grow just enough to keep pace with inflation.
However, they are there in case of emergencies. If you suddenly
lose your job, experience a salary cut or suffer a setback in your
business, you know that you will have access to these funds anytime
to see you through.

This basket should include cash, fixed deposits/certificates of
deposits, personal housing, insurance & capital guaranteed funds.

2. Growth Basket 1 (Target Return of 8.51%-20%pa)
This is the basket where you build your net worth & positive cash
flow assets that will lead you to financial fre-edom.
This basket is where you put your money into index funds, Exchange
Traded Funds (ETFs) and mutual funds.

You should also divide your funds between the US market and Asian
markets. Although mentioned earlier that Asian equities have
disadvantages, we cannot deny the huge growth opportunities that
Asia offers (especially India and China).

3. Growth Basket 2 (15%-25%)
This is the basket where you ACCELERATE the building of your net
worth & positive cash flow assets that will lead you to financial
fre-edom. Once again, you should not have to touch this money for
five to ten years to let the power of compounding work its magic.

This basket is where you put your money into a winning portfolio of
ten to twelve company stocks. And again, you should hold some Asian
stocks as well as US stocks.

4. Luxury Basket (0%)
Your luxury basket is where you save up to indulge in your dream
assets. This is money that you can afford to spend on things that
are fun like:

Upgrading to a dream house, luxury cars, jewelry, boats and other
luxuries. Again remember from the chapter on ‘How the rich manage
their cash flow’ that the money to be used for luxuries should not
come from your primary source of income, but from the passive
income generated from your positive cash flow assets.

Money Game

You love playing games? You may want to play making money game! Firstly, you MUST learn clearly the rules of this game, money will then flow into your hands. If you do not play by the rules, you will struggle all your life financially despite working very hard.

Haven’t you ever asked yourself why some people earn five times, earn ten times or even twenty times more than others? Is it because they are twenty times smarter? Is it because they work twenty times harder? Or are they are many times luckier? Or they have more than 24hrs daily? ‘NO’ definitely no! 

I am sure you know people who seemed to be much lazier than you in school and had poorer grades but now they are so much more successful financially.

Although their school report card used to be chockfull of ‘F’s, and even though they may came from a normal technical stream. Their financial report card carries straight ‘A’s. Why? The only reason is because they know how to play the game of money whereas most people have not learnt how the game is played.

You see… from the beginning most of us are not taught how to make money, how to invest money or how to manage our wealth and yet money is the most
important subject in our adult lives.

Although many people say that ‘money isn’t everything’, that’s only
a half -truth. The truth is that ‘everything is money’! In order to
achieve excellence in the different areas of lives like our health,
relationships and family, we need to be financially secure!

The traditional education system (thank God it’s changing) never
taught us how to be rich but instead brainwashed us into becoming
poor.

We are taught beliefs like ’study hard, get good grades and a
good job and you’ll be set for life!’, ‘investing is risky’, ‘don’t
play with stocks or you’ll get burnt’, ‘don’t be so money-faced’ or
‘don’t be so stingy’.

As result of all the wrong anti-wealth advice, most people work
hard all their lives, going around in circles in the rat race and
ending up broke and unhappy.

However, a fortunate few eventually learn that wealth is not made
by just getting a good job and working hard. It takes a different
way of thinking and a totally different strategy. Those that learn
this lesson get out of the rat race and onto the path of financial
abundance and freedom.

Some people take ten years to figure this out, some take thirty
years and some never figure it out until it is too late. Don’t make
the same mistake!

Equation Of Life

As many of us are feeling the pain of one of the worst recessions in recent history, I would like to share with you my philosophy on the EQUATION OF LIFE. If you studied Math, Chemistry, Economics, Accounts or any one of these mathematical topics before, you would understand that equations have to balance. Remember balance sheet in Principles Of Accounts? Hehe.. It used to be so difficult to balance when I first took that subject when I was in sec 3.

Have you noticed? For every good, there must be bad. For every positive, there must first be a negative. For light to exist there must first be darkness. For every market boom, there must first be a crash. For you to experience happiness, you must first experience sadness. For you to experience pride and inspiration, you must first have to experienced disappointment and adversity. The greater the initial failure and disappointment, the sweeter will be the pride of success.

I remember watching the show ‘The Pursuit of Happiness’ where it was based on the true story of Chris Gardner who went through a very difficult period of his life. I can so relate his story to myself as a financial adviser almost similar to a stockbroker. His wife left him, he was broke, evicted from his home, slept in public toilets and in homeless shelter, jailed for unpaid parking fines and went through a series of unfortunate incidents.

However, he did not give up, picked himself up and moved on instantly each time he fell. His strong perseverance eventually got him selected to become a stockbroker in one of the most prestigious companies on Wall Street after competing against 20 other candidates, he broke down and shed tears of intense pride and happiness.

The fighting spirit that the tough situations built within him was what gave him the drive to build a multi-million dollar stock broking firm himself. If he did not first go through those
heartbreaking setbacks, he would not have become a millionaire.

Despite all what is said. I still do believe the good news though that we do not really always need to self experience the negative or unpleasant side of matter first before we can achieve what we actually or truly want. The only trick is to learn from others mistake. However you not only read through their biography but need to DILIGENTLY study them to make sure you do not do it because the most effective lesson is still through experience.

Law of attraction

Law of attractions is a law of nature which is technically similar to law of gravity according to this book call The Secrets, By Rhonda Byrne.

This simple yet very inspiring book, apparently, not only been read by successful people of this era but many other legendary people like Shakespeare, Newton, Beethoven, Li ncoln, Einstein and many more incredible people of those times knew about The Secrets. What The Secrets preached about is indeed very empowering and beneficial to our well being, personality and character. The unlimited power of the mind that can even control the entire universe. And because of that many of life and success coaches till today always refer to this phenomenal secrets of The Secrets. The well known, Anthony Robbin and Jack Canfield (https://www.canfieldcoaching.com/the_secret_law_of_attraction.html), just to name afew.

Make your desire a MUST.

People who achieve their goals are those who are truly committed to get what they want. To them, their goals are not a mere wish or a weak desire. They are an absolute must. When a goal becomes a must, we operate from a very different frame of mind. When something becomes an absolute must, we will do whatever it takes to get it (within ethical, legal & moral boundaries of course).When something becomes a must, we will stretch well beyond our comfort zones and keep changing our strategy as many times as it takes. Time and again, you will notice that people who succeed are those who show this level of commitment. In fact I believe that failures, setbacks and frustrations are life’s ways of testing our level of commitment.

Most people fail this test by quitting when they hit major obstacles. The few who succeed do so because they do whatever it takes to overcome obstacles. I truly believe that when something becomes a must for you, and you are willing to do whatever it takes, you will always find a way! For most people, achieving success in anything is rarely a must.

They would like to lose weight, but it is not a must. They would love to make more money, but they won’t die without it. They wish they could take charge of their lives, but they could live without it. The moment something becomes a ’should’ instead of a ‘must’, you will rarely achieve it. You will always find a way to put it off or to quit the moment you meet resistance. People like Sylvester Stallone, Steven Spielberg or a Donald Trump who achieve success are not born more focused, more disciplined or more lucky than the average person. What makes them different is that they make their goals a must for themselves. They are not willing to accept anything less than the best.
So let me ask you a question. Are your dreams and goals an absolute must or are they just weak desires that you can live without? Have you been truly committed to do whatever it takes in the past or have you quit and given yourself excuses along the way? If you haven’t then it’s time you take yourself and your goals seriously because if success isn’t a must for you then there is no way that you can become successful. Because success only reserves itself for people who want it bad enough to make a MUST!