Money

After been through so many method of earning money, it is time for me to give some views of myself toward money! So what is money? sound simple? you might find it stupid for me to ask this question, in fact many people do not know the true meaning behind money! Some group of people believe, in this capitalist world, money is power, money is omnipotent. While got other group believe money is root of all evil, money make people evil. However to me money is a reflect of life itself, money is a tool and a game and if we know how to play this game fair and square, money will flow to you like water into sea!

• Let me explain words power and omnipotent. People that believe money is power and omnipotent tends to use money to control people. They believe money can do everything for them and as the result they will use whatever mean to acquire more money as they know the power and freedom that money can bring them! These are the group of people that normally lead a miserable life as they do not have friend and anyone that sincere to them. People attract to their money like ants attracted to honey, once their money finish, people will leave them. So they have to try whatever mean to earn more money so that have these bunch of people will stick to them like scotch tape.
• The group of people that believe that money is the source of all evil are normally what we call the slaves of money! They believe money is evil, but they need money to survive. Their fear for money prevent them to earn more money so they have to work like slave everyday for money to sustain their needs yet they do not own much money themselves. Majority of people fall under this group as we are pre-designed or teach from young by our parents or relatives that money is not good! Money is evil! But before you take up their beliefs, try to justify yourself if these people that taught you all these beliefs themselves, are they live comfortably when their fear of money prevented them to earn more. To my horror, when i found out from adam khoo's book, the fact these people are normally one or two paychecks to bankrupt and have very little networth.

So from the two examples I mention above, isn't it true that money reflect life and how a person is? Another simple example is Donation. The person that donate and the person that receive donation. What are the difference between them? One have money while the other do not. With money, you have the ability to help people and it gives you the image of being a generous and kind hearted person, if you do not have money and live off from donation or funds from government, people will tend to see you as parasites! Lastly i going to share with all of you on 3 types of money. Money are differentiate into 3 types: money that belong to you, money that belong to others and money that belong to you in the future. Money that belong to you is limited to the amount that you have in your account or pocket, while money that belong to other and belong to you in the future are unknown and no limit! So in order to increase the money that belong to you in the future, you have to get more from money that belong to other! Either by fair and square or by side ways it depend of what kind of person you are and how your money reflect your life!

"Money is neither evil nor omnipotent, however money is essential tool to survive in this world" - Stephen

Lessons We can learn from FLEAS‏

This is a piece of articles that i acquire from Daniel and Sean website and find it quite interesting so i decide to share with everybody!
Learning from fleas. What?!! Learning from pests? Are we going nuts? Perhaps, but do check them out because this story had so much impact on our lives and will impact yours too. Story Of The Fleas Did you know that unless you know how to train fleas, you will never have your dreams come true!So, how do we train fleas? It is actually very simple. You catch them put them in a glass jar, put the cover on and watch the,. They will jump up and down hitting the cover, trying to escape. But you and i know that they will not be able to escape because the cover is there. Go do your stuff for 20mins and come back again. Now you observe something interesting. The Fleas are still jumping but they no longer jump as high, hitting the cover... So what we do now is, we take away the cover. And you will see that the Fleas will NEVER be able to jump out. Because they have been CONDITIONED to only jump that certain height... We human being are similiar.. Since young, many of us have been put into a jar with a cover. Our lives have been protected from the dangerous world out there where businesses fails, where people are scheming, where investing make people lose money... So our lives are planned and structured. Study hard, get a job and retire when you are too old to work... This kind of life is like a jar! And words and advices not to venture out of this planned zone is like the cover... a cover that is only in our heads. But little did we know that our dreams are usually outside this jar we are put in, waiting for us to go and achieve and reach it... However, we have been conditioned for so long to think that these dreams are really for a selected few people.. not us. The truth is people who eventually live their dreams are people who eventually got out of the jar and moved towards their dreams. They realised that there isn't a "cap" over their lives, only the ones they set for themselves! So, are you still in a jar? Do you still feel that there is a cap over you that says you cannot achieve your dreams. For most people, they either become really comfortable with staying in the jar and choose to live and die in the jar. Everyday, they look out of the jar seeing people live dreams but tell themseleves that these people are lucky, talented and special... Another small group (5%) eventually got so suffocated living in a jar they decided to strengthen themselves to jump right out and run towards their dreams. And eventually, they will reach their dreams after going through an amazing journey that may be filled with adversities! You got to decide.. are you staying in that jar of yours and neve see your dreams come through, or have your already taken steps out of the jar, moving towards your dream destiny?

"I have learn 10000 ways to fail, what leftover now are the methods of not to fail" - Thomas Edison

Internet Marketing: Product Creation

When I say create your own product, I don't mean literally create a physical product or commodities like what you see in stores. The product that I mean is something that not in physical form and most of them do not cost a single cent, but your efforts and time. So what are this 'special' and free product? Yes, the product that I mean here is information product. We live in a information world nowadays and the largest source for information is non-other but internet! Most people go online to search for solution to their problems and most of them are willing and ready with their credit cards to pay for the information that you provided! "But I do not know what kind of product must I create?" This is the most common question asked by people. Create your own product is not difficult. All you need is to write down whatever that you think that you are good at, for example you might be good at playing golf and confident that whatever techniques that you share with people with serve them good, then you can create a product on teaching others how to improve their skill in playing golf! There are surely people that need your information. The worldwide computer user has accounted to almost 540 million users and will continue to increase with globalisation of China and India, which mean more people have access to internet connection. Therefore internet marketing will be the next coming trend in home-based business. So I hope by sharing with you this little pieces of information, i have cleared you misunderstanding in creating your own product! You might now start to create your own product by listing down what you are good at or your passion toward a certain field. I will talk more about creating product in the next entries.

Early Bird catch the worm - Stephen

Anyone agree?

I suddenly remembered some advices that my father told me not long time ago, so i decide to share with everybody and see whether everyone agree. So the Conversation go like this,(Sorry for non-chinese, i have tried to expain it as simple as possible so that everyone can understand, but i believe is not that hard to understand)

Father : "Son, do you know how to write worker in Chinese?"
Me : "Yes, it goes like this 工人"(工 mean work, 人 mean human, person)
Father :"Ok, so now i ask you, when can a worker become success?" (in chinese 出头 which mean lift up your head which also mean sucess)
Me :"How would I know that? Work as hard as possible maybe? Work until high rank, promotion, and boss like me maybe."
Father :"Hmm... you still don't understand much of life son. Try put another stroke on the word work (工)." What word it become?"
Me : It become earth (土)
Father : "Right, a worker only able lift up his head when he become earth human (土人) which mean only when he dead then he can lift up his head".
Me :"Wah.. i never realize that it can be interprete like that."

So the story behind this conversation is that no worker will be as success as a person that work for himself. No matter how hard working you are, you are working to make other people(BOSS) more richer everyday but not yourself. A person can only be successfull, is when that person work for himself and make himself rich. Another interesting fact that i come to know is that all worker are pay peanuts! A CEO and A Janitor, A CEO is paid $200,000 per month, while a Janitor is paid $2000 a month, so now i ask you who is paid peanuts? You might say the Janitor of course! But to me I will say depend! Why?? If the CEO is able to bring a Monthly revenue of 10 million for the company, compare his pay and his worth. Is he being poorly paid? If the Janitor is only in charge of cleaning one toilet bowl, is he being paid peanut? So the amount of pay you receive must be tally with the amount of work you performed! However no matter how good you in generating revenue for the company, you will always be paid much much lesser than the amount of revenue that you can generate and in the end your boss will be the one that rich! So by knowing this fact, it is important for individual to start collecting multiple stream of income, by being a full time worker and part time boss of themselves. This is to ensure that you won't be worker for the rest of your life!

Success lies within the hand of oneself, grab it and never let it go!" - Stephen

Job Interview

Hi everyone,
Today i decided to blog something special instead of the usual online earning money stuffs. I believe this will be more relavant to all of us, at least for fresh graduate like me! Anyway let's talk about my job interview experiences. Being a recent graduate, i decided to work first before i continue my University studies at the same time accumulate some wealth. Btw if i never mention before, i am a graduate from Singapore Polytechnic major in Chemical engineering. So i sent in alot of resumes to many large companies such as exxonmobil, mitsui, schering plough, soxal, Singapore Polymer. My first interview was at exxonmobil and followed by mitsui then SP. I can still remember the tense and nervousness on the first day as i have never been to interview at all in my entire life! So how did i manage to survive? I went to Youtube to search for interview tips and they all taught me different thing! I thought I going to doom this time. Anyway i followed their advises and began to prepare for whatever kind of questions they might asked like "Why you choose our company? Let me know more about yourself? why should i hire you?" These kind of questions. Thinking that I'm fully prepared to go into the battlefield, to my horror all the questions i prepared did not come out in my interviews with exxon! Instead they asked me all the technical stuffs that i learnt in school and i almost dumbfolded! So after the first interview i knew at least what are their expectation and more confident to go for my other interviews! So who am i to teach you tips for interview when I almost screw up my first interview? OF COURSE I am not some pros from some head hunter companies that teach graduates how to respond to questions, but i have real life experience and I manage to secure offers from ALL the companies that i went for interviews! U ain't read wrongly, ALL the companies! So below are some TIPS that i personally used during my interviews, follow them i can guaranteed at least 85% success rate!
TIPS #1: Prepared whatever documents you need the night before
TIPS #2: Know What you have learn in school properly, don't throw them away
TIPS #3: Always remember, Interviews are like WAR, a WAR for your survival in this world
TIPS #4: Have a early sleep day before interview and set your ALARM to wake up early!
TIPS #5: Check your grooming, wear your MOST formal attire
TIPS #6: Always arrive early (15 mins) before the actual time
TIPS #7: Smile and Maintain eyes contact with your interviewer and don't forget firm a handshake!
TIPS #8: Greet them and introduce yourself, do NOT wait for them to ask you
TIPS #9: Calm and always maintain eyes contact, smile very important , answer qs correctly
TIPS #10: If you can't answer just admit, don't BULLSH*T!! coz they know what they are asking, Lying is equal to dig your own grave!
TISP #11: Always be optimistic and confident when answering questions
TIPS #12: After interview, thanks them for the time and give another firm handshake and excuse yourself! You can always ask them when you will know your result.

So those are basically what i did and found out during my interviews and hope these will help those that currently looking for job. EYE CONTACT?? very difficult right? this is another tip from my english teacher during my oral examination. if you are scared to look at them in the eyes, just look at their foreheads or somewhere between their eyes, they wont notice! So in the end i took up offer from Mitsui chemical, and will be starting my work next week. So wish me luck in my career! =)

"Because I live, ye shall live also" - John 14:19

My new company's logo. Cool right?? =p

EXCLUSIVE! Check out my LENS on MUTUAL FUND

Hi everyone! After a whole day of hard work, i finally create my first ever lens on how to select a profitable mutual funds. Most of the materials i got from Adam Khoo's Secret of self made millionaire, so if anyone of you already have a copy of that book, can find it under the mutual fund section. Anyway i just found out that squidoo can use to earn money, so called the "royalties" therefore for the first attempt, i decided to donate part of the "royalties" to charity!! so do visit my lens and give me some support! Well the information of mutual funds i believe will benefits all of you that want to invest in mutual funds, so do check it out!

My lens is http://www.squidoo.com/roadtofa

So last but not least wish all human kind all the best and world peace! - Stephen

Internet Marketing: Affiliate marketing

Affiliate marketing is the simplest form of internet marketing among the 3 type of IM that i mentioned earlier. This is because all you need is a website, affiliates URL, autoresponder and lastly traffic (people visiting your site). It may sound simple however when it come to practice, it might not be as easy as thought. lets begin with the first part,

• Obtaining a website. To create your own website is relatively simple nowadays. You can go to major search engine such as yahoo, google and type webhosting or else buy a domain from yahoo. Remember to create a domain name that is simple and easy to remember!
• Go to www.clickbank.com to sign up a clickbank account or www.commissionjunction.com to create an account. These are the websites where you can create your affiliate link as well as find the products that you want to promote!
• Get an autoresponder to keep track and collect traffic. Aweber and getresponse are some of the good choices normally affiliate marketers use.
• Lastly is to drive traffic into your website (the hardest part i believe). Driving traffic can be done by participating in some popular forum, http://www.forumfind.com/ or elso you can use yahoo answer to collect traffic. As this are the website where people need solution and you have to provide solution by referred them to you sites. (must be related of course!)

So you may ask, how should i start to promote the products? One of the way is through blogging as you might heard before how people earn money by blogging, this is normally how they done it! But remember in Affiliate marketing, Quantity>Quality. Although quality is important, but if there are no traffic nor wide range of products, all the effort will be futile. So i hope you get the basic of affiliate marketing. Some good sources for affiliate marketing would be dylan loh, Ewin Chia, Stuart Tan's website this are the few successful affiliate marketer. Or else you can also get a copy of Super Affiliate Handbook by Rosalind Gardner, One of the most successful affiliate marketer around. This book has been recommended to me by few affiliate pros such as Dylan Loh. I personally find this book Wise, practical, and easy to understand. So that all for this entry, in the coming entry i will talk more on how to find a suitable product to promote, so don't miss it!

"It take a long time to bring excellence to maturity" - Publilius Syrus (~100B.C)

EXTRA: MONEY SAVING TIPS!!

Yesterday someone ask me why use credit card?? so i think is a good topic to post and share with everyone. This something i learn from Secret of self made millionaire and it is quite useful. try it if you dont believe because i try it and it work!
So why should we not throw away our credit card and use them??

credit card when use properly can be a great saving money tools! but there are several criteria u must met!
- always pay out your outstanding bill every month! (IMPT)
- using credit card can allow you to have some form of rebate or discount (save more money!)
- Use the points accumulated to exchange for gift (Save u even more money)

but always limit yourself to one credit card, so that if ur card burst u will stop using your card. it serve as a sort of limitation to yourself AND IMPT must pay off what you owe by end of month so you wont be charge with the interest. When the bill come to you, it is nicely accounted for you, so save your time to do all the accounting work! so when use properly Credit card is a good saving tools! Check up my blog constantly for more money saving tips!

"Money is not everything, but if you have no money , you can do almost nothing" - MY MUM!

Internet Marketing (IM)

Ok let put forex for a rest first and move on to another type of financial vehicle! And that is..?? CORRECT Internet marketing! So what is internet marketing really do? In a layman term it simply using your own website and promote your own or other people product so that you can earn profits. There are altogether 3 types of internet marketing i know, if got more please update me. well they are affiliate marketing, create your own product, sell drop ship product. I strongly suggest anyone that have high interest in internet marketing to get a copy of secret of self made millionaire by adam khoo in this book, adam teach us step to step to start up a internet marketing website. Well to me this book is quite entertaining, and might be so called the first financial book that i have ever finish reading in my ENTIRE LIFE. So can imagine how lazy am i when come to reading books! so what are the advantages of IM compare to traditional brick and mortar business?

advt:
- well is cheap and easy to start up (Rental is cheap and renovation also cheap)
- Can be start up as soon as you read this blog and all you nead probably a Credit card??
- In case you give up (touch wood) the loss is very minimal
- take faster time to break even
- last but not least, u chances of having whole world computer users as your customer!

So since there is so many pros why not start it now? but many people often ask me how do i actually start a internet business when i have no idea of what to sell, no technical skill? trust me i once are like all of you out there searching for method to start internet business. i don't remember how many e-book i have read and seminars i have attended. In my learning journey i have some great internet marketting gurus such as ewin chia, stuart tan, dylan loh. This all the original Singaporean which earn big bucks in the internet marketing. So if they can so are you and I! so do check up their website to read about their HONOURABLE achievement! Well personally i havent have the chance to try out other product except for adam khoo's as it already very overwhelming. But since all this guys are making big bucks and look at tons of their testimonials, i have no doubt on their product. So any of you might want to check them up and share with me your experience! In next entries i will explain further on different type of IM so do stay tune!

"Success can be a long and lonely road, so lets walk together with me!" - Stephen :p

Forex (Cont')

hey guys, hows day?? again this entry i will be continue the last topic on forex. so before i get into those complicated and confusing technical stuff (OMG!!) let me show you something which might motivate you or more to excite all of you abit.

Sorry for the poor quality because i still not very good at this kind of thing, but what did you see on the image is the balance in my VT trader (forex) acc. So u might ask what so special about it, is only like 3k++, but u might not say so when u know that my starting capital is $3k one and half day ago. So it means is a 16.6% return of investment within 1.5 days. This IS crazy u might say, but is true. Forex when study and use properly, it can bring fortune that hard to believe and consider myself still a novice trader. I not putting this to show off or something like that, but i want to let all of you know that if i can do it, you also can do it, is just matter of time. But i dont suggest any of you just jump into forex market a believe you can make thousands or even million on the first trade. if you happen to do so, dont come and sue me for introducing forex in this blog. So you might ask me now "how the hell exactly did U made money in Forex??" the only way i can answer your question is to pick up some forex books or course and start digging urself into it. Success dont come easy nor it come overnight. I too have lose some money before start earning money from forex well i not exactly lose alot too but still pain to lose my hard earned money. One book i might suggest to you is "7 Winning Strategies for Trading Forex" by Grace cheng. This book introduce to us various strategies she use in her trading life. She recently appear on Channel 8 (Singapore Channel) Sharing with people her experience in forex and according to herself she has been earning "5 Figures" monthly! that is a lots of money for someone her age! Well again if you are those lazy to read, you can consider take up some forex courses (but need constant practice too!) OR else u might try out those autotrading program, one of the that i found is forex killer which i posted in 'Treasury" well i personally have not try out the program yet so do not know how good it is! If any one happen to try it please update me with your result. After all i believe learning should be two-way interaction, cannot like i always give, what happen if i run out of blogging material? well that part can don't worry because i still have tons of stuff to blog! anyway thats for today and thanks for reading this super long blog! (all my entries are super long anyway :p)

"Success is not about how hard you can hit but how hard you can GET hit and still keep moving forward" - Rocky Balboa

Forex

Forex (Foreign Exchange) is one of my favourite tool that i use to earn money. So how did forex work?? Have u ever been to money changer before? lets take this scenario as example, you and your colleagues have agreed to go to batam island this coming weekend. so you are in charge of getting your singapore dollar to be exchange to Indonesia Rupiah. So go to a Money exchanger booth and take up 200 dollar to exchange so Rupiah. When you just take the money from the teller and ready to leave, your colleague call you and say the trip have to be cancelled. You quickly take up the Rupiah and want to change back to Singapore dollar. So do you think you can still get back your whole 200 dollar intact?? NO! u probably get $19x+++ back. The difference is the money exchanger profit. So this is also part of foreign exchange. However the Forex im talking about is not asking you to open those little booth and do trade like that. What i am talking about is the Online Forex trading whereby through online brokerage able to trade various major currencies pair and you can actually trade forex for living and in fact there are various example i can give. So before i get you all excited about forex let me give you some pro and cons about forex compared to stock market.

Pros:
- 24/7, so you can trade practically any time (stock market until 5 normally)
- able to leverage
- high volatility
- one of the quickest and fastest earning tool available
- relatively low initial investment (around USD$300)

Cons:
- one of the fastest losing money tool too (for novice)
- leverage increase profits but also increase loss

So you might need to consider when taking up forex as it might not suitable for every individuals. However Forex is the largest Market on the earth with around 3.2trillion dollar traded per day so there are many chances to earn money inside. All you need to do is just to take money from all the novice, sound easy? trust me is not easy! you need consistent practice to hone your skill in trading. Check up the free demo account for forex that i posted at my treasury, you can download for free and start trading immediately for free. i personally prefer this trading platform as the trading tools provided is complete and easy to use. for more information about forex can visit http://www.forex.com/. Next entries i will talk more about Forex see you!

"Sucess is the result of good judgement. Good judgement is the result of experience. Experience is the results of bad judgement" - Anthony Robbins

Financial Vehicles!

Some of you might ask, what is a financial vehicle (FV)?? well imagine financial abundance is located 1000km away from you, so how are you going to reach for it? by walking? bicycle? MRT? Bus?or Bullet train? thus financial vehicles simply mean the methods or ways that an individual use to reach his destination(financial abundance). So lets take a normal working adult as an example earning 3-4k per month with no other income, so what do you think his FV is? his FV is simply his wages and in this case is just like walking 1000km toward his destination and it will take like forever to reach there. So what is the main criteria to retire early and reach financial abundance fast? thats right, that is to find the right FV that suit each of us! i have accidentally encounter this website where i posted at my 'Treasury' road to financial freedom, the two gentlemen there provide good advices of which FV that suitable to each individual. i have personally tried out their services and is absolutely free. they are responsive, friendly and approachble, so do visit their website to try out their free services and take their free course. the reason i recommend their website is because is free and good. So back to the FV i talking about, so most people ask me what are the FV that available? well that depend on individual, so people think investing is suitable for them (eg.warren buffett), some might think internet marketing (eg. ewin chia, Stuart Tan) so there is no definite answer to this question. One have to identify his/her passion so that enable one to find out the right FV that suits them. Because only through high passion one can stay focus and motivated thus led to high motivation.

"Unless you do what you love to do, you will never become rich" - Adam Khoo

Introduction

Hi everyone,

If any of you happen to be reading this blog, i would like to congratulate you, as you are one step nearer to financial abundance. before i start blabbering all i know about financial abundance, i would like to share about some background information about myself. My name is Stephen 20 years old going to 21 and i currently just graduated from tertiary education in Singapore and got a job in a big petrochemical company that pay me quite handsomely about $3xxx/month plus tons of other things. However as a human being, no one will object to have more money in bank account especially for young people like me, $3xxx is simply isn't enough. i have alots of thing that i want to do like travel, have a big house, luxury car and stuff like that. thus i begin to do research on multiple financial vehicles so that i can create multiple streams of income and ultimately generate enough passive income for me so that i can shake my leg at home and wait for money to deliver to my doorstep. Sound kinda too good to be true right? i also at first think like that, however i now truly believe is true. So what are this financial vehicles that i mentioned?? i will introduce them in the next coming entries and i will recommend books about the financial vehicles that i mention which i think is good as well as reviews on some online courses that i think will help in your way toward financial abundance which i personally have taken. so don't worry, i will do the research and you all just read my reports so stay tuned!

'Risk Coming From Not Knowing What You Are Doing' -Warren Buffett