THE BLOG'S THREE MAIN OBJECTIVES:
~*Revealing and Getting Rid of Scams | Creating Honest Sustainable Wealth | Offering Happiness, Safety and Legitimacy*~

Wednesday, 30 May 2007

What is the No. 1 IMPORTANT decision ALL successful people make?

First thing first, what is the very FIRST thing you need to decide before everything else?

You should be asking yourself:
What job would I love so much that I would do it for free but that I could actually get paid for?

Whatever the answer may be, that is the job that you should be working towards to.

And of course the most important question we need to ask ourselves is this:
What is my life purpose? I believe each of us is born with a life purpose.

Without a purpose in life, you would likely wander and drift, moving from one thing to another, moving from one job to another.... accomplishing little and the WORST thing is that you will not have a sense of FULFILLMENT and BLISS.

Finding out their own purpose (passion) and pursuing their purpose is perhaps the most important action successful people take.

Have you heard of the saying that successful people make decisions quickly?

Have you wondered why are they able to do so, while most people would procrastinate and dilly dally?

The reason is they FOUND their purpose in life. So they just organise their lives and all decisions and activities around it. If something does NOT fit with their purpose, they will say NO and not have anything to do with it.

It's that simple.

For me...I found my purpose in life...and that is why I did not hesitate in embarking on building my online business assets after doing the necessary research and due diligence :) I did not regret making the decision and I felt fortunate that I did not to procrastinate. Time is precious in such endeavours.

Below are the ways on how I build my online business assets:

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

-
SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Feel free to click on them to find out more and if you are interested can join them at a very low fee or free! Low cost and they build you a solid foundation for generating passive income for years to come….


Tuesday, 29 May 2007

Four tips for staying on recruiters' radars for new job opportunities

Rejected by Your Dream Employer? How to Follow Up to Win an Offer

by Sarah E. Needleman
Friday, April 6, 2007
provided by

Passed over for a job you really want? Hold off throwing in the towel just yet.

"If there's an organization you really want to work for, don't let your first rejection be your defining moment," says Shelia Gray, director of global talent acquisition for International Paper Co., a forest-products manufacturer based in Stamford, Conn. "Continue to pursue the organization."

Within days of being denied a marketing-associate internship at L'Oréal USA Inc. last spring, Andy Rah, 32, urged recruiters in an email to label him a backup candidate. "I said that I was really disappointed because the company was my No. 1 choice and asked them to reconsider me if somebody backs out or if another position opens up," says the M.B.A. at Georgetown University's McDonough School of Business. A week later, the New York-based company retracted its rejection and offered him the job, which he accepted, he says.

Here are four tips for staying on recruiters' radars for new job opportunities.

1. Keep cool following a rejection.

Being turned down for a job can hurt, but avoid expressing anger or resentment toward recruiters, cautions Melissa Shober, general manager at Professional Document Solutions Inc., a Xerox Corp. sales agency based in Fort Collins, Colo. "Some people almost act like you owe them an apology," she says. "You never want to tell recruiters that they were in the wrong."

Ms. Shober says she recalls an email from a candidate accusing her of making a mistake by not hiring her for a sales position. Up until that point, "I was impressed with the gal and thought about calling her back in a few months if a position opened up," she says. "But her email took away that chance."

2. Write a thank-you.

Ms. Gray says she once received a thank-you from a candidate after he'd been denied a director-of-engineering position at a high-tech firm where she was a recruiter. "He acknowledged that it would've been a great company to work for, but that he understood he was not the right person for the particular opportunity," she recalls. "Most recruiters remember great candidates, and that letter kept him top of mind." When another engineering position opened up at the company a few months later, Ms. Gray invited the former candidate to interview for it, and he was subsequently hired, she says.

A thank-you can help reinforce your strong desire to work for a company, adds Jennifer Randolph, vice president, organizational development at Courtroom Television LLC in New York. "Hiring managers want to see how interested you are in the job," she explains. In 2003 a junior marketing executive quit the media company after three days on the job. For a replacement, Ms. Randolph turned to a runner-up who'd called to thank her soon after being rejected in an email. The candidate had made it clear that she really wanted the job, she says.

3. Send friendly reminders.

Keep in touch with recruiters after being passed over for a job, advises Susan McWhirter, staffing manager at InBev USA, a manufacturer and distributor of premium beers. In July she notified three candidates for a junior-level customer-service job that the Norwalk, Conn.-based company was putting the position on hold. One candidate followed up in an email about a month later, she says. Coincidentally, the company was ready to fill the position around that time, and he was offered the job. "This was someone who just kept us informed of his status and interest level in the company," notes Ms. McWhirter. "He asked us to consider him in the future and we did."

In some cases, following up may require several calls or emails over time, says Ms. Shober. One a month is sufficient, she says. A job hunter who was denied a sales position at Professional Document Solutions in March called Ms. Shober once a month for three months afterward. "She took a risk again and again, which showed determination and confidence," she says. "She was professional and polite, each time thanking me for taking her call." When the company later decided to create a new sales position, the former candidate was offered the job, and she accepted, says Ms. Shober.

4. Request feedback.

Following a rejection, ask interviewers for advice on how you could have performed better, suggests Andrea Hough, senior vice president, recruiting manager, at Wachovia Corp., a banking institution based in Charlotte, N.C. "You might say, 'If I were to show up again, what would you want me to do differently?' That demonstrates a sincere interest in personal development and career progression," she explains.

Be professional, even if you don't like what you hear, warns Ms. Hough. She recalls a candidate for a middle-management position who took issue with feedback he'd received after being declined a job. "He started to argue some of the developmental points, which showed a lack of maturity and a true lack of commitment for personal development," she says. He might have gotten the job had he reacted differently, she adds, because the winning candidate declined it.

-- Ms. Needleman is associate editor at CareerJournal.com.

Copyrighted, Dow Jones & Company, Inc. All rights reserved.

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Very interesting and motivating article! There is always a chance...never give up!


Monday, 28 May 2007

Internet Scams Revealed by Singapore Newspaper!!

Internet scams flourishing

28 May 2007

Straits Times
English
(c) 2007 Singapore Press Holdings Limited

Internet fraudsters snare new victims every day. Khushwant Singh gives the lowdown on some time-tested ploys and uncovers some newer schemes

The 'Nigerian scam'

How it is done

First concocted by a Nigerian scammer, one version has a supposed African official offering a big cut if you could help 'unfreeze' millions in a late bureaucrat's bank account. But here is the catch: You have to pay cash up front to cover some transaction costs. More money is requested, 'snags' occur, and your money is gone.

Conned

Last year, 12 Singaporeans were cheated of $676,400 in this way - more than double the $327,000 lost by five victims in 2005. In 2004, the figure was $78,400. Many other victims may be too embarrassed to come forward.

Tips

Be wary of get-rich-quick offers, say police. Contact the Commercial Affairs Department (CAD) on 6325-0000 if you smell a ruse.

Online auction ruse

How it is done

After hijacking the online auction account of a legitimate seller by fraudulently acquiring his password, the fraudster will offer sought-after items at very low prices.

Conned

Last September, watch collector Bernard Tan, 53, searched online auction sites for a 1970s Rolex watch. He contacted an auction site in the United States, which had many 'testimonials from satisfied customers'.

He wired US$4,200 (S$6,400) to a bank in San Francisco for a watch he wanted, as instructed. Ten days later, a rusty 12cm iron strip arrived.

Tips

Internet auction sites are still a high risk, especially when expensive items are involved. More tips can be found on http://sg.auctions.yahoo.com

Offer of highly paid job

How it is done

The lure is usually a high-salary job - without the hassle of going through an interview or showing supporting documents.

The fraudsters often have official-looking websites and - of course - will ask for money in advance, purportedly to acquire work visas and for travel expenses.

Not conned

Ms Sara Dacillo, a Filipina married to a Singaporean, posted a 'job wanted' advertisement on the social networking website MySpace.com. Days later, she was offered £600 (S$1,791) a week to work as an au pair, or nanny, in England. She was then asked to send £1,200 to a personal account in Lagos, Nigeria, for visa and travel arrangements. Suspicious, Ms Dacillo, 36, sent no money.

There were 67 reports of online job scams here in 2005, and 48 last year. One victim was a 56-year-old security guard who was cheated of US$2,100 after he was promised a job as a hotel security director in Bahrain with a monthly pay of US$9,000.

Tips

Genuine job offers will have the company's e-mail address. It is also unheard of to offer high-paying jobs without a face-to-face interview.

Bogus investment

How it is done

Unsolicited e-mail promises hefty profits for investors. In a variation, victims are 'appointed' to help manage a sizeable investment account for a generous fee but need to deposit money for an insurance bond first.

Conned

Recently, Mr Vincenzo Comboni, an Italian practising law in Switzerland, deposited US$1.125 million into an account of a Singapore firm thinking it was payment for an insurance bond, so as to be allowed to manage a $20 million investment coming out of South Africa. Instead, his money was used to pay for goods bound for Nigeria.

Tips

As in the earlier examples - be suspicious.

Fake marriage proposal

How it is done

A gorgeous woman wants to get to know you, with marriage in mind.

Conned

In a recent case, Indian national Bharani Indran, 32, a software engineer in the US, was fooled by a Singaporean woman he got to know through a Yahoo Internet chatroom in September 2004. They exchanged photographs.

But the woman, Maliha Ramu, 36, sent him a picture of a gorgeous Indian actress, and he asked to marry her.

A convoluted scam followed in which he wired nearly US$45,000 to her. Meanwhile, she kept postponing their marriage date. Mr Bharani finally grew suspicious when she asked for another US$10,000 in May 2005.

He flew here and reported the scam. Maliha was jailed for six months in March.

Tips

Stay away from love at first site - chatrooms or e-mail from Internet sites, that is.

Million-dollar lottery prize

How it is done

Sweepstakes or lucky draw scams are at least 30 years old. The latest variation involves a US$10 million prize from the ' Microsoft Award Team'. Winners are asked to transfer some money in advance for taxation purposes.

Conned

Such scams still find victims, with 26 people parting with amounts ranging from $500 to $58,000 last year. In 2005, 16 victims lost between $1,500 and $90,000.

Tips

If you do respond, as soon as money is asked from you, contact the CAD.

Identity theft and fraud

How it is done

In the scam known as 'phishing', recipients of the bogus e-mail are tricked into disclosing passwords, bank PIN numbers or credit card numbers. E-mail attachments may contain a 'Trojan Horse' virus - which allows a hacker to capture every keystroke and 'read' victims' computers to access bank accounts, or to purchase items on credit card accounts.

Tips

There has been no report of a successful phishing scam here although there have been a few attempts.

Banks will never send an e-mail asking for confidential information. Also, do not click on any link or open attachments in e-mail purportedly sent by a bank, credit card company or service provider. Internet fraud is on the rise.

khush@sph.com.sg

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Be on your guard! With scams around...you can never be rich and happy!

Gosh...there are so many types of scams out there...and their numbers are ever increasing. I have had a hard time in trying to catch up with them as well. Putting in the best of my efforts into much research and due diligence, I have finally derived my list of scam - free and also profitable internet activities as shown below...phew!

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

-
SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Feel free to click on them to find out more and if you are interested can join them at a very low fee or free! Low cost and they build you a solid foundation for generating passive income for years to come….

Saturday, 26 May 2007

Interesting comments to share :)

Jonathan Says:

Hey janny. mmm how much money per month ur making from such programs??? btw how bout ur job in ur firm??

Janny Cole Says:

Hey jon…:)

i average about $500 per month…on good months i can earn up to $2000 :)

well..that’s just some extra “effortless” money to make my life more comfortable..may not seem much to you though…

anyway i always mention that these are not get rich quick schemes…you either spend a bit of money to invest on them or join them free and invest some time and effort in the initial stages and you will have income rolling in without sustaining your effort all the time…which is what earning passive income is all about

so far people who sign up for the programmes through reading my blog postings..have came back to me to express their appreciation…again i gotta mention they are not millionaires now…but they are living a more comfortable life like me now…

if assume i do this full time, i would of course expect a higher earning…maybe i would consider after im sick of my full time job haha..and just work at home at my own flexible timing…oh yeah another thing..though i do recommend…don’t just take my words…try to do some research on your own…but again sometimes information you found may not be true…

there are some very good honest and profitable programmes being called scam by people..who are simply too lazy to put in effort and expect money to appear in their bank accounts right after they join…so it’s important to get your expectations right..if not through senseless rumour-mongering…you might just deny others of the chance to lead a more comfortable life.

actually for my case…i didnt really thought too much though i did done some due diligence before investing or joining any of these programmes… most importantly…i used my spare cash for these activities...and not much was spent and everything turned out well and good…so sometimes one really got to take a leap…and of course if you are using spare cash..then you wont feel that bad a pinch, should things dont turn out well…

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The above comment are just some words from the bottom of my heart…all impromptu. Below are the programmes that I recommend all these while :-

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Feel free to click on them to find out more and if you are interested can join them at a very low fee or free! Low cost and they build you a solid foundation for generating passive income for years to come….

**********************************************

One small note: You may find some of the presentation on the websites of the above programmes to be dubious…that’s the feeling i get at first also..i guess as these programmes are mostly American created and owned…the presentation is a bit more “glaring” for Asians

In any case, I took the leap and joined them to find out that they do provide solid knowledge and resources...and at the end of the day…sometimes it’s seriously how useful YOU want to make these knowledge and resources to be for your own benefit. you can choose to join them and just do nothing about them..or you can actively implement / execute them….so that they can work (i.e. generate passive income) for you in the future…:)

How to Land That Dream Job When You Lack Certain Skills


Hello everyone!

Finally got time to blog a bit...

Below is an article which I think will interest most of us who are working or going to start work soon :)

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by Sarah E. Needleman

Jeremy Atkins doesn't have a shred of artistic talent, but he still enjoys many of the benefits he would get as a successful comic-book illustrator.

Mr. Atkins, 30 years old and a collector of comics since childhood, gets free passes to trade shows, discounts on his favorite toys and the chance to hobnob with such industry luminaries as Frank Miller, creator of Batman: The Dark Knight Returns. The perks come with his job as director of publicity for Dark Horse Comics Inc.

If you are passionate about a certain industry but lack the skills commonly associated with its most visible leaders, you can try to pursue a career working on the sidelines. Being behind the scenes may offer more than just the opportunity to score freebies and gain exposure to your dream industry's superstars. The career choice also may help you enjoy what you do for a living as well as pay your bills.

Doyne says he originally abandoned his goal of working in sports after his attempts to become a professional athlete failed. "I really gave the [bicycle] racing thing a go in college," he said. "I won some races, but I realized I wasn't a Lance Armstrong." Mr. Doyne studied journalism in school, and after graduating in 1999, he landed an entry-level public-relations job at a large agency. In his fourth year there, a colleague enlisted his help on an account for a bike company, and "a light bulb turned on," he said. "My job went from being just any job to one that I felt incredibly passionate about."

Now, as the owner of a small public-relations firm called Dispatch, 31-year-old Mr. Doyne handles publicity for companies that sell biking and other sports products. He said he takes client meetings on ski lifts, helps run pro sporting events and often receives free gear. "I always have the latest and greatest stuff," he said.

If you are trying to get a job in a highly coveted industry, think broadly about the types of employers to target. For example, if you want to work in high fashion, look beyond the runway or design studio to jobs at clothing warehouses, licensing agencies and consulting firms, said Dan Lagani, president of the Fairchild Fashion Group in New York.

Start by joining trade groups and attending the conferences, seminars and other events they host, said Alexandra Levit, author of "How to Score THAT Gig," to be published next year. By citing your membership in these organizations on your résumé, you also will boost your credibility, she said.

Networking is especially critical if you are pursuing a job at a high-profile company -- no matter what department it is in, Ms. Levit said. "Everybody wants to work for them, so they don't need to try as hard to get qualified applicants," she said.

Volunteer opportunities also are a way to make connections and learn the ropes, said Cynthia Shapiro, a career coach in Los Angeles. "You'll show that you are willing to give extra of yourself for the industry," she said.

Upon landing a job interview, be sure to express your knowledge of the industry, but don't go overboard. A candidate for a midlevel sales job at McFarlane Toys didn't get an offer after gushing about the manufacturer's founder, Todd McFarlane, creator of the comic book Spawn. "He knew everything about Todd -- every public appearance he's made, every comic he's had a hand in," said Melanie Simmons, executive director of human resources. "It was almost stalker-like."

If you do land a job in your dream industry, remember to keep your cool. On his first day of work at McFarlane, a retail sales associate showed up with a stack of comics for Mr. McFarlane to sign, said Ms. Simmons. "He didn't last very long," she said.

Also keep in mind that working in your favorite area may sour you on it outside the office. Stanley Tang said he couldn't stand watching baseball on TV after coming home from his former marketing-production job at MLB.com, the online home of Major League Baseball. "I got totally burnt out," said the 34-year-old. "I was surrounded by television screens that were showing 10 to 15 games a day." A longtime Yankees fan, Mr. Tang said he is happier now working for ESPN as a technical producer because he is assigned projects related to a wide range of sports. "I deal with ones I've never even heard of, like competitive eating," he said.

Thursday, 24 May 2007

You Don’t Have to Be Einstein to Get Rich

Hi all,

The article below will remind you of an article I posted a while ago titled something like “Average Joe can also get rich..etc” Why Smart People make Bad Financial Moves…

Here’s another reminder to myself…an average Jane…and to everyone who might be average but unique in your own ways :)

====================================

By Selena Maranjian

Pop quiz! What factors help determine how wealthy you’ll become in life? I initially guessed that education, intelligence, skills, and socioeconomic origin played a role.

Ohio State economics professor Jay Zagorsky suggests different factors: “Staying married, not getting divorced, thinking about savings.” Wow.

Not only did he not list intelligence, he went on to note that “intelligence really isn’t one of the key driving forces. In fact, people at the middle of the smarts spectrum have the fewest money problems.”

What’s going on?
When I read about his findings from a study of 7,500 middle-aged Americans, I was surprised. It seems that the smarter you are, the more you tend to earn. For each IQ point you have above someone else’s IQ, you’ll earn between $200 and $600 more. As an example, he noted that someone with an IQ of 130 stands to make (on average) about $12,000 more per year than someone with an IQ of 100.

That’s a promising start. We who are smarter than the average bear (I’m including myself and you) would reasonably assume, then, that smarter people would end up wealthier. But that was not suggested by the study. Instead, people with higher IQs and incomes tended to spend more, maxing out credit cards and paying bills late. At the end of the day, those with lower IQs often had a greater net worth.

Zagorsky muses that smarter types might justify their spending by assuming (often correctly) that they can always earn more, if they need to. They figure they can afford to take risks. He adds, though, that “they’re not smart enough to save a whole lot more of it than the rest of us.”

Saving and investing strategies
I hope you’ve picked up on the little secret in this story: It’s all about saving. The people who end up better off take their financial situations seriously and plan ahead. They think about how to manage their money effectively, and they save. How do you fare in this department? Do you have an emergency savings fund? (If not, or if you have no short-term savings, learn why you should in our Savings Center.)

You need to go further than that, though, to avoid ending up spending your last years in the rickety and flea-infested Home for Aged Smarty-Pants. You need to be saving and investing in earnest for your retirement.

The bottom line
Here’s my favorite Zagorsky conclusion: “Intelligence is not a factor for explaining wealth. Those with low intelligence should not believe they are handicapped, and those with high intelligence should not believe they have an advantage.”

The next time you’re thinking you’re not smart enough to do well at investing, think again. Think of those Nobel Prize winners who lost a lot running Long Term Capital Management — which also cost their creditors, including Deutsche Bank (NYSE: DB - News), Barclays (NYSE: BCS - News), and Merrill Lynch (NYSE: MER - News), hundreds of millions of dollars. Meanwhile, many simple folks — bus drivers, teachers, and the like — are quietly amassing fortunes by saving and investing.

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Below are the no-brainers that I used to quietly become rich…heheheh…:-

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Do not despair if you are not the fittest.

When most of us hear the phrase, “survival of the fittest,” we assume it originated with Charles Darwin. It did not. The phrase doesn’t exist anywhere in Darwin’s first edition of Origin of the Species. It was actually coined by Herbert Spenser, a British economist, who used it in his 1864 book Principles of Biology.

Here’s another fallacy: Being the fittest doesn’t guarantee survival. In fact, the “survival of the fittest” paradigm simply isn’t true in nature or business. For the last decade, I have tracked the research into ecology and complex systems theory and have teased out nature’s lessons on competition and survival. What I’ve found are some surprising and counterintuitive insights that companies, both large and small, can use to compete.

The first piece of research for your consideration took almost 20 years to gather. On an island in the Panama Canal, a team of Princeton researchers led by Stephen Hubbell explored a simple but very important question: When a tree falls in the forest and a gap forms in the canopy, allowing sunlight to penetrate to the forest floor, which plants capture that resource of energy?

The axiomatic answer has always been “the fittest.” But Hubbell’s research suggests that is not the case. Starting in 1982, Hubbell and his colleagues measured more than 300,000 trees of more than 300 species on a 125-acre plot on Barro Colorado Island. Then in 1985, 1990 and 1995, they measured them again. (It is worth contemplating for just a minute what a Herculean effort this research has been and what kind of determination it represents by Hubbell and his team.) During that time, they watched 1,284 gaps form in the forest canopy, then studied what happened on the ground when the sunlight hit.

Here is what they found: Instead of the “fittest” plants–i.e., the most competitive plants–getting the sunlight space, it turns out that another mechanism clearly controlled who the winner would be. Very simply put, the plant that won its place in the sun was the plant that was ready, at that moment, to access the opportunity.

Readiness to respond was by far the most powerful factor in determining the winner. Let me quote from Dr. David Tillman, a world-renown ecologist from the University of Minnesota: “Like a team that fails to appear at a sporting event, a species that is locally absent has forfeited any chance of competitive victory at the site. This can allow inferior competitors to win by default.”

When you think about it, if the fittest always won, all forests should be completely homogeneous. One species should supplant all others as the most superior competitor. But it doesn’t happen that way. Nor does it happen that way in the marketplace.

Hubbell’s research explains why the marketplace stays diverse across a broad spectrum of success, even though some of the players in the marketplace are mediocre compared to the number one player.Ecological research backs up the importance of response time, as long as you are a fully functioning entity. You don’t have to be the fittest, but you do have to be fit.

With this new ecological research, it’s clear that “the fittest” not only don’t win all the time; they are also only a piece of the more complex system. This information can lead to new strategies for small companies and new insights for the big companies that presently dominate their industries. As Hubbell’s and other ecologists’ experiments evolve, we may gain ever more insight into managing complex corporate and market systems.

Joel Arthur Barker is a futurist and president of Infinity Limited, a consulting firm. His book on paradigms, Future Edge , was published in 1992 and listed as one of the most influential business books of that year by the Library Journal. His most recent book, Five Regions of the Future: Preparing Your Business for Tomorrow’s Technology Revolution , was co-authored with Dr. Scott Erickson and was published last year by Portfolio, a division of Penguin Books. For more information, visit www.joelbarker.com

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I know I am not the fittest so i grab the opportunities most accessible to me…:)

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Current Risks in the Stock Market

The article below will tell you why I am into alternative ways of generating sources of passive income rather than look to the Stock Market.

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By Jorge Malo

If you pick up the newspaper or see the news on TV, you probably noted that the Dow Jones Index is making new highs almost everyday. Everybody is happy, and as soon as the Dow closed above 13.000 for the same time, some analyst started to talk about the index going to 14.000 in 2007. Remember the year 2000?

Probably the main difference between the year 2000 and 2007 is the excess liquidity that today exists in the markets around the World. That excess liquidity has to be invested somewhere, and since the US economy is still considered a safe haven in the World of investments, sounds like a good idea to invest in the stock market where you can expect higher returns than the 3% or 4% you can get on US Treasury Bonds or bank CDs. The problem with this theory is the risks you are talking by investing in the stock market of an economy that is growing only 1.3% and with inflation rate higher than what is comfortable for the FED.Investors are betting all their money on the possibility that the FED will lower interest rates, but they are discounting all other risks that are currently present in the economy. First of all, we can’t forget that the FED has a mandatory obligation of keeping inflation in check. Their responsibility is not the growth of the US economy. Of course they will try as much as possible to achieve both aspects of the economic cycle: lower inflation and moderate growth, and that is the reason they have not raise rates yet; even-though inflation keeps been higher than their comfortable standards of 2%. Based on this reality, it can be expected that rates won’t decrease during the rest of 2007, and probably they will stay the same.

On the other hand, you probably noticed that you are paying higher prices at the pump than in the past. Also, your grocery expenses are increasing. The FED takes into consideration core inflation for their decision making, which is inflation excluding energy and food. The problem is that 2/3 of the economic growth in the US is consumer based. You as a consumer have a fix salary that you use to pass from one month to the other. If your gasoline and groceries bill increase by for example 30%, where are you going to get the money from? Unless you are among the few Americans that spend less than their monthly income, then you will have to increase your credit card debt, or spend less in unnecessary items. Finally, lets don’t forget that in two months hurricane season starts in the US. I hope it does not happen, but if another hurricane hits the Gulf Coast, or gets even close, you can expect to have an average gasoline price in the US over $4.00. Don’t you think that will be inflationary?

As you can see, with the Dow Jones above 13,000, and the S&P 500 at about the same level it was in 2000 before the crash, investors are discounting any bad news or risks that the economy presents. As I stated at the beginning, the reason for this is the excess liquidity in the World. Too much money following a few assets. As an investor in this market, you should take into consideration the risks involved and either decreases your exposure to the US and World stock markets (I think that in today situation Cash is King), or hedge your positions using preferably Options over Futures in the major stock indexes.

Disclaimer: There is a risk of loosing money when investing in derivative products such as Futures and Options over Futures. Consult with your broker before investing in this market.
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Below are the means by which I diversify myself from the current stock market. I was heavily involved a few months back. But not now…hope to use the methods below to generate enough cash for me to scoop up cheap and valuable assets when the economy goes down. The smart ones love a downturn, the dumb ones dont. :)

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Feel free to click on them to find out more and if you are interested can join them at a very low fee or free!

Wealth Building: Six Keys

By Scott Hove

There are keys to wealth and success that those who have attained them understand. If you wish to build wealth and achieve success then it’s crucial to implement the keys discussed below.

Here, then, are six things that the successful understand and implement. As you read them, please understand that you can practice them too!

1. They believe in themselves!

Successful people believe nothing can stop them from reaching their goals – financial and otherwise. They do what is necessary to reach those goals. That means they even do things they dislike or take on tasks that seem impossible.

You can sense their self-belief and can almost see it when they enter a room. Successful people exhibit a high level of self-confidence that is contagious. Most are optimistic and maintain a positive outlook even when life is tough. Their confidence is not easily shaken by external factors. They see opportunities in problems!

2. They learn from people who have achieved more than they have!

Successful people know that in order to grow they need to learn from those who have already realized greater success. They know that when you stop growing you stop living!

They ask questions, study and learn from others. One man that I interviewed said to me, “No one has asked me questions like this before!” I wasn’t surprised to hear him say that as I have heard it before.

Who can you ask about their success? What might you learn?

3. They recognize the tremendous value of time!

Successful people understand time is their most important asset. They know it is a very scarce resource. They don’t spend much time watching television soap operas, for example. One of the best investments we made recently was to spend $9.99 a month to get the digital video recording service our local cable provider offers. While we already watch limited programming, now we record the few shows we normally watch so we can zip through the commercials! (Sorry, advertisers!)

Wealthy people know the power of the use of leverage to achieve maximum gains with minimum efforts. When you can leverage time, you can achieve tremendous results!

4. They understand the importance of investing in themselves!

Successful people understand that many expenses are investments. They know that by spending money to acquire an asset or skill (learning) they will realize a future return. In many cases that return will be a large multiple of their original expenditure. (A good accountant will help them to see this, too!)

Many successful people spend good amounts of money on educational and motivational resources – CD’s, seminars, books, membership websites and more. They know that it is an investment that can never diminish in value because it is an investment in themselves.

5. They implement strategic monetary decisions!

Wealthy people place a significant portion of their wealth in some type of investment that gives them a better return than a savings account.

These investments might be real estate, gas and oil, stocks, bonds, or their business. Recently we learned about an investment opportunity that over the last year (February 2006 – January 2007) returned over 70% compounded. We learned about it because we are actively looking for things that have the possibility of doing much better than the local bank.

Successful people also know that not putting all your eggs in one basket is critical. There are far too many stories of people losing everything because everything was riding on one horse that couldn’t make it to the finish line.

6. They understand the power of being generous!

Many wealthy people are also great givers. They have come to see the importance of giving to something beyond themselves. They know that as they give to their community, college, church and other organizations they are helping others and that, too, is a great investment!

To be sure there are tax benefits involved, in some cases tremendous tax benefits (i.e., charitable remainder unitrusts), but for most successful people it is a benefit of giving and not the primary motivating factor.

Conclusion

Wealth and success are not measured simply by money in the bank and are rarely attained quickly. Practice the disciplines above and you too will develop a wealthier life in many ways!

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Below are the means by which I implement the 1st to 5th keys. I helped out in charity organisations for the 6th key :)

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

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Wednesday, 23 May 2007

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Can Money Buy Happiness?

Have you ever wondered whether money can really buy happiness? You might have some sense of the answer, but nobody to confirm your suspicions…now the article below will assist you on this :)

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Money Can’t Buy Happiness?
This Blogger Begs to Differ

By Gretchen Rubin

Money can’t make people stay in love, connect with friends or enjoy a hike in the woods. But money, spent wisely, can contribute greatly to happiness.

Recent articles in the news media tackle the money-happiness connection. A study this summer in Science magazine showed that when participants were asked to record the previous day’s activities and describe their moods, being wealthier didn’t have great impact on their moment-to-moment experience.

A different sort of study presents another picture. According to a Pew Research Center 2006 report, the percentage of people who declare themselves “very happy” goes up as family income rises. People were asked: “Taken all together, how would you say things are these days, would you say that you are very happy, pretty happy, or not too happy?” Twenty five percent of people with incomes of $30,000 or less said they’re “very happy.” That compared with 50% of people with incomes of $150,000 or more.

What might explain the fact that wealthier people say they’re happier — even though their days don’t seem to be that much more fun? There are different theories, but one conclusion is that money does, in fact, help promote people’s general satisfaction with their life.

Economist Richard Layard identifies the “big seven” of happiness as family relationships, financial situation, work, community and friends, health, personal freedom, and personal values. While a person’s financial situation is just one element among the seven, a look at the other big six shows that money matters with them as well, too.

Top doctors and fresh vegetables help you keep healthy, and they cost money. Hiring a house-cleaner leaves means less fighting with your spouse, and household help costs money. A ski trip with your college friends strengthens those bonds, and it costs money. Giving to charity feels good, and it costs money.

Also, the idea that money can’t buy happiness may overlook one of the most precious luxuries money does buy: not having to worry about money. Having money means you don’t have to worry about paying for the intensive speech therapy for your child. Or about paying retail for a new digital camera when your old camera breaks right before your vacation. Or about buying a bottle of water on your way to the gym.

Having money provides a margin of comfort. Once you have money, it’s easy to take this freedom from worry for granted — yet it may help explain the greater overall contentment enjoyed by richer people.

Commentators who maintain that money doesn’t buy happiness often point out that between 1972 and 2005, Americans’ buying power rose dramatically, yet their level of happiness didn’t budge much. Therefore, the reasoning goes, money doesn’t buy happiness.

But people generally measure the benefits of wealth on a relative scale rather than an absolute scale. For example, a 2005 study by researchers Glenn Firebaugh and Laura Tach showed that for happiness, wealth relative to peers of the same age matters more than absolute wealth; that is, the dollar amount of your income matters less to your happiness than whether your income is larger or smaller than that of your age-peers. Therefore, a society-wide rise in the absolute level of wealth wouldn’t boost your happiness as much as relative gains.

Also, a common obstacle to happiness is what’s called the “hedonic treadmill.” People are highly adaptable, and soon take for granted their possessions and comforts. A new car or a set of golf clubs gives a brief rush of happiness, but that high may fade quickly. For an even more acute example, think about kids’ short-lived reaction to new toys. When everyone can afford air-conditioning, a color TV and a cell phone, those benefits shift in perception from longed-for luxuries to barely-noticed basics.

So how should you think about money and happiness in the context of your own life? It’s easy to say “choose time over money” and that cutting back hours at work will likely leave you happier. But there’s a limit to that theory. Having a lot of leisure is not relaxing if you spend the time worrying about how you’re going to pay to get the car fixed. Socializing over a great meal with friends brings more happiness than a flashy watch. But great meals cost money. It’s more fun to fly fish when you have money to travel to a river you’ve never fished before.

The secret is to be smart about how you splurge. Spend money toward things that promote the components of happiness. The hedonic treadmill means that loading up on stuff, though gratifying for a moment, isn’t a lasting source of happiness. Instead, spend money on your relationships, your health, and your experiences.

It isn’t really surprising that money, spent the right way, helps buy happiness. As economist John Kenneth Galbraith noted, “Wealth is not without its advantages, and the case to the contrary, although it has often been made, has never proved widely persuasive.”

– Gretchen Rubin is the author of Forty Ways to Look at Winston Churchill, Forty Ways to Look at JFK, and Power Money Fame Sex: A User’s Guide. She is working on a book on happiness and is author of a blog, http://www.happiness-project.com/.

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Another fantastic article right!! My exact sentiments have been expressed by this article. That is why I am so focused on achieving financial freedom…so that I have the money to stay beautiful and eventually HAPPY!!

Below are the means by which I achieve financial freedom and ultimately happiness :)

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

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You think you are an average Joe or Jane? No fear…rejoice now!

Why Smart People Make Bad Financial Moves

by Laura Rowley

Smart people can be boneheads when it comes to accumulating wealth, and the average Joe can become the millionaire next door.

That’s the finding of a study by Jay Zagorsky, a research scientist at the Ohio State University, who examined the relationship between IQ and wealth.

Intelligence Doesn’t Ensure Wealth

While Mensa members score bigger paychecks, they aren’t more likely than average folk to transform their take-home pay into wealth. “Smarter people tend to get paid more on the job, but there’s no relationship between intelligence and net worth when holding other factors constant,” says Zagorsky, whose report was published in the journal Intelligence.

The research looks at a group of about 7,500 baby boomers who have been repeatedly interviewed since their teens as part of the government’s National Longitudinal Survey of Youth. Back in the 1980s, the Department of Defense asked the group to take its general aptitude test so it could compare military recruits’ scores with the general population.

Twenty-five years later, Zagorsky asked the same people about their income, net worth (the difference between assets and liabilities), and financial difficulties such as maxing out credit cards, missing bill payments, or declaring bankruptcy.

Financial Mistakes Have No IQ

Zagorsky found that each point increase in IQ test scores raised income by between $234 and $616 per year. Thus someone with an IQ of 120, ranking in the top 10 percent of IQ distribution, would make $4,680 to $12,320 more than someone with an average score of 100.

But their superior minds and salaries didn’t give them greater net worth — or shield them from financial woes. Among people with an IQ of 120 or above, more than 6 percent maxed out credit cards; almost 12 percent missed a payment in the past five years; and 9 percent declared bankruptcy.

“Those are significant numbers of very intelligent people who don’t have control over their finances,” says Zagorsky. “If you’re not in the top 5 or 10 percent, it’s comforting to know there are really intelligent people making mistakes, too.”

Average Millionaires

The Army’s IQ test is a conservative instrument that assesses reading ability, comprehension, and math skills. It doesn’t measure the other kinds of intelligence outlined by Dr. Howard Gardner of Harvard University back in 1983, nor does it account for the personality traits that can lead to big bucks.

Here are a few theories on how people with average IQ scores end up rich:

• They make their own rules.

“Many wealthy people didn’t do well in school; it was too structured for them,” says Loral Langemeier, author of “The Millionaire Maker” and chief executive of Live Out Loud, which conducts wealth-building educational seminars. “But they’re creative, intuitive, and have street smarts — they understand how things work, and how to get business done.”

Many are entrepreneurs. The net worth of self-employed people in the survey was $11,000 to $17,000 more than people who worked for others, Zagorsky found.

• They get knocked down, but they get up again.

“It’s hustle,” says Barbara Corcoran, who built New York City’s largest residential real estate company over three decades, before selling the Corcoran Group for $66 million in 2005.

“Hustle is being too stupid to know that you should lay low when you keep getting slammed,” says Corcoran, who describes herself as a “terrible” student. “It’s ‘hit me again, hit me again, hit me again.’ Of the truly wealthy entrepreneurs I’ve met, the number-one trait they had was hustle.”

• They succeed through social intelligence.

Jacques Demers coached the Montreal Canadiens to the Stanley Cup in 1993 and later became a general manager in the National Hockey League. During the entire time he was unable to read or write, according to his 2005 biography “En Toutes Lettres.”

Demers’ father was an abusive alcoholic who beat his son for poor grades, so he left school at 16 functionally illiterate. If someone asked Demers to read something, he would say his English was poor; if the document was in French, he would say he’d been in the U.S. for too long. If all else failed, he would say he forgot his glasses.

Demers talked his way into a license, a job, a green card, and an executive position in his nation’s most popular sport. He surrounded himself with a team that compensated for his weaknesses. When he became a general manager, for instance, he hired two associates to handle contracts and give him verbal summaries.

Finally, in his 50s, Demers came clean; he worked through his childhood issues with a psychologist and overcame his illiteracy. “I wanted my head to be free,” Demers told one sports columnist. “Now I’m free. I’m happy.”

• They may take more risks, and consequently reap more rewards.

People with average brains may be more naive and willing to jump in — start a business or make an investment — than their high-IQ counterparts, who ponder every angle and know too much about the potential downsides of a proposition to take a risk.

Zagorsky is currently working on a study that will look at risk-tolerance among his survey subjects.

Smart People, Dumb Moves

In the meantime, I have a few theories on why people with high IQ scores end up struggling financially:

• Sometimes a really bright person develops a gigantic sense of entitlement.

This phenomenon can be described in two words: Dennis Kozlowski.

Back in 2001, the former chairman of Tyco International told BusinessWeek magazine that he preferred managers who are “smart, poor, and want to be rich” — like him, a kid from a working-class neighborhood in Newark, N.J.

Kozlowski is currently serving up to 25 years in prison and must pay millions in fines after being convicted of stealing more than $100 million from Tyco.

• They think they’ll find “the big idea” that others overlook.

Samuel Clemens never took an IQ test, but he was smart enough to write the “Adventures of Huckleberry Finn” and earn $100,000 a year in the 1800s, when a middle-class salary was $1,200. Clemens still went bust in 1894, according to Charles Gold, author of “‘Hatching Ruin,’ or Mark Twain’s Road to Bankruptcy.”

“He had the reverse of the Midas touch,” says Gold. Clemens invested thousands of dollars in ideas that never made money: a temperamental typesetting machine; a pair of sheers used to cut grapevines; a clamp that kept the bedclothes from sliding off a child’s crib; and a children’s history game that taught the dates of major events (the latter being merely bad timing, as the idea took off a century later as Trivial Pursuit).

• They may run with a fast crowd and live beyond their means.

Clemens’ investing misadventures were compounded by his appetite for luxury. “He had rich tastes; it took a staff of 12 people to run his house in Hartford, Connecticut,” says Gold. “He traveled by private rail car. He was pals with Andrew Carnegie and Henry Rodgers of Standard Oil. He knew and called on the president. He moved in that elevated circle.”

After bankruptcy, Clemens launched a global lecture tour and eventually paid back every penny to his creditors. But he never found the wealth he sought.

“He was always looking for the big investment that would earn him so much money he would never have to write again,” says Gold. Fortunately for his fans, he never found it.

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I am not a smart Janny ….I am just an average Janny. But now I feel good…I won’t say I will definitely become the millionaire next door…but I am confident of living a comfortable life like how those smart people lived…(without slogging myself out like them..*grinz*)

I make my own rules and when i get knocked down (i.e. scammed) I get up again! and I am glad I got up and discover honest legitimate and profitable programmes listed below.

I can currently see my dreams actualising through working on these safe and wealth enhancing platforms:

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Feel free to click on them to find out more and if you are interested can join them at a very low fee or free!

7 Steps to Financial Freedom Part 2

As promised, I’m sharing Part 2 of 7 Steps to Financial Freedom below.

5th Cure

“Own your own home and make of your home a profitable investment.”

Why is owning our house a good way of managing our money? Well, if you think about it, all of us need a shelter and we can either buy or rent our home. Rentals only serve to fatten the purse of the landlord and is an expenditure which we can’t get back any RETURNS. So, it makes sense to own our home. Besides, having a place to call our own will put confidence in our heart and motivates us to put in greater effort in all our endeavours.

Of course, it should be noted that buying a property is actually a very RISKY decision. Why? Because if you bought at a high price, when prices subsequently drop below your purchase price, you would have negative networth - ie. your asset is less than what you paid for. In some cases, people end up in bankruptcy because of failure to keep up their housing loan repayments.

But owning your house can also be a very profitable investment if you buy at the RIGHT price. If you buy eg. a flat/condo/landed property when you are young, when you grow old, you can actually get money to supplement your retirement income by selling your house and downgrading to a smaller flat/house.

6th Cure:

“Provide in advance for the needs of your growing age and the protection of your family.”

The 6th cure simply tells us that: “When we are able and bringing in income, we should provide for a suitable income should one day we retire or be called prematurely to the world beyond.”

For Singapore citizens….

Have you wondered why your own savings account seem to “stagnate or yo-yo” while your CPF account seems to miraculously increase all the time? Well, the reason is that for most people, our savings is the residual amount after our spending, while we compulsorily contribute to our CPF account first and only then the remaining 80% is given to us to spend/save.

So, if you think about it, we can also grow our savings if we have create another “CPF account” (another long term savings account), an account whereby we contribute a fixed sum every month before we spend. It’s that simple, but it works!

7th Cure:

The 7th and the final cure for a lean purse is:

“Increase your ability to earn: by cultivating your own powers, to study and become wiser, to become more skillful, to so act as to bring yourself respect.”

It simply means: we should first find out what our “POWERS” are ie. strengths/aptitude/skills. Thereafter, we should further cultivate our powers: to upgrade our skills and knowledge, in order to increase our earning ability. Furthermore, it also mention that we should do this in a “respectable” manner, not through unscrupulous means, so that we will earn respect for ourselves.

Think about it, we are the golden goose that will lay the golden eggs ($$$). In order to have more golden eggs, we need to improve ourselves, so that we can lay more golden eggs!

Note: All the 7th cures should be practised in order to reap the greatest benefits. So, even after you have increased your earning power, you should still continue to set aside at least 10% of your income for savings (1st cure) and so on…….

It is also important to know that what REALLY matters is not how much we earn, but how much we put aside to accumulate wealth for us. I’m sure you’ve read about movie stars and people who used to earn millions but had to lead a miserable life in their old age because they never save much when they are earning big bucks.

Please note that the 7 cures are sound principles of financial management and not “7 Ways to Get Rich Quick”. The only place where “Success” comes before “Work” is in the dictionary.

It’s been great sharing with you what I read. I find that by putting my understanding of what I read in writing, it helps me to improve my understanding and also motivates me to put these 7 cures into practice. I hope that you will likewise benefit in one way or another from the 7 cures.

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Now you know all the 7 cures….I hope you can use the below platforms to put all the 7 cures into practice to ensure an all rounded financial package for your whole life and your loved ones

- The Rich Jerk - Builds knowledge in marketing leading to wealth

- Email Cash Pro - Mainly builds wealth through minimal effort input and join at absolutely zero cost!

- Get Google Ads Free - Mainly builds specialist marketing knowledge

- SaleHoo Wholesale Directory - Builds supplies for your trading business (Both online and offline)

Good luck! and share with me any other tips you discover from these recommended programmes….you might have an even more amazing and rewarding experience than me!!!…heheheh :)

7 Steps to Financial Freedom Part 1

Hi all,

It’s been another tiring week of work for me but still Financial Freedom does not leave my mind….therefore…. I present to you 7 steps to Financial Freedom! 7 is an easy number to remember right? heh heh…

You may read elsewhere about 5 steps, 10 steps or 100 steps to financial freedom, but I feel these 7 steps are really the essence compiled by ancient wisdom. These are really the timeless universal values for getting wealthy.

I will provide at the end of the article below my modern interpretation and implementation of these 7 values……

This post will reveal the first 4 values….enjoy :)

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Courtesy of Dennis Ng

If you want to improve your finances, “The Seven Cures For A Lean Purse” may interest you. It’s from the Book entitled “The richest man in Babylon”. “The Seven Cures for A Lean Purse” are actually ways whereby we can manage our money better and accumulate wealth and NOT 7 ways to get rich quick. I find it quite interesting, though the underlying principles are actually very SIMPLE.

1st cure:

“For every 10 coins you place within your purse (you earn), take out for use only 9. Your purse will start to fatten at once and its increasing weight will feel good in your hand and bring satisfaction to you.”

The 1st cure is actually quite simple, it actually means that for every dollar we earn, we should spend (maximum) of 90%, and keep (save) the 10%. For those who are already doing that or saving even more, then you are actually practising the 1st cure. Congratulations! Keep it up! Try saving 20% or even more!

2nd Cure:

“Budget your expenses so that you may have money to pay for your necessities, to pay for your enjoyments and to gratify your worthwhile desires without spending more than nine-tenths of your earnings.”

The logic is: since your current earnings is fixed (to a certain extent), the only way to ensure you can practise the 1st cure (ie. save 10% of your earnings) is by budgeting your expenses to make sure you do not spend more than 90% of your earnings! It’s as simple as that, but to do it on a long-term basis requires discipline.

Budget, not again, you may protest. I want to live a life whereby I can spend freely without worrying. But think deeper, actually no one can afford to do that! Because human beings’ desires are unlimited, but our means ($$$) is limited - even if you have S$1 bn, you can still have desires or things you want that can exceed that price tag!

Well, think about it, who will determine what constitutes necessities, enjoyment, luxury items in your budget, it’s you! So, you still have all the freedom to choose, right?

The 1st 2 cures basically tells us how we can save from our current income and accumulate “CAPITAL”. However, money in a purse EARNS NO RETURNS. Hence, the 3rd Cure is:

3rd Cure:

“To put each coin to work so that it may reproduce its kind and help bring to you income, a stream of wealth that shall flow constantly into your purse.”

ie. Make your money work for you!

If you think about it, if you are not born in a rich family or married/marrying into a rich family, the only way you can accumulate wealth is through your own means. There are only 2 ways to make money:

1. Men at work

2. Money at work.

Each of us has only 24 hours a day, there is a limit as to how much work we can do if we deduct time for sleep and for other activities, including spending time with our families/ourselves. So, the 3rd cure tells us that we should put our money to work, so that our CAPITAL can GROW.

4th Cure

The 3rd cure basically tells us that “we should make our money works for us, and not just sit in our purse earning nothing.” However, sometimes in a haste to make our money work, people are tempted by “GET RICH QUICK” scams or invest without understanding the RISK(S) involved and consequently suffered a LOSS. That is why the 4th Cure says::

“Guard your treasure from loss by investing only where your principal is safe, where it may be reclaimed if desirable, and where you will not fail to collect a fair rental.”

The 4th cure highlights to us that there is a RISK that all our savings may be gone if we INVEST without AWARENESS of the RISK(s) of our investment(s), Eg. foreign exchange risk (if invest in foreign currency), liquidity risk, interest rate risk, solvency risk etc. It tells us that the 1st sound principle of investment is security for your principal, ie. we should guard our principal from loss. However, we should also try to achieve a “fair return.” - balance risk against returns.

To be continued in Part 2

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Ok…here comes Janny’s modern interpretation and implementation of these 4 steps:-

Let’s take a look at the 3rd and 4th cures. The first 2 cures might be hard to implement fully by a man or woman on the street without much financial discipline and subjected to so many temptations nowadays to spend his or her money. Savings could be reduced to just a token sum of money. Especially for women, you have to agree with me that it’s just so hard to resist shopping, going for manicures and fine dining. :p

SO what next? To fully and successfully implement the 3rd and 4th cures, I am personally embarking on the programmes below which I have always been recommending and earning:

- The Rich Jerk

- Email Cash Pro

- Get Google Ads Free

- SaleHoo Wholesale Directory

Do take note of the relationship between the 3rd and 4th cures. They are kinda contradictory but very real. As mentioned, many people have been scammed while pursuing the 3rd cure.

These few programmes which I have loyally recommended all this while have passed the 4th cure test. That is…they are LEGITIMATE.

The best thing is……these programmes require very minimum capital…if not none! Imagine you just started working and finding it hard to follow the 1st and 2nd cures, when would you ever have enough capital to implement the 3rd and 4th cures?

However, there’s no free lunch in this world, therefore, in exchange for low investment, some time and effort are necessary to gain and profit from these programmes.

No free lunch…yes..but remember…I once mentioned before, some people can get expensive lunches at a lower price than others. Which leads me to my next point….

The fortunate thing is that these programmes you can do it at your own flexible timing, unlike working for an employer. And remember what you earn from these programmes is not just money….but knowledge and experience!! (you don’t get knowledge and experience just by leaving your money in the bank or in some investment scheme) Money can be robbed stolen and spent but not knowledge and experience…unless you are killed or go crazy :)

Hence, once again, I present these programmes for your consideration:

- The Rich Jerk - Builds knowledge and wealth

- Email Cash Pro - Mainly builds wealth and join at absolutely zero cost!

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- SaleHoo Wholesale Directory - Builds supplies for your business

Check back my blog regularly for Part 2…i.e. the 5th, 6th and 7th cures and other goodies!!

Do you want to get into Goldman Sachs?

Hi all…

I found this article on getting into Goldman Sachs. By the way, my professional specialization is management consulting for the financial services industry….so my life’s not only about slimming down and making money online…hahah and…I hope that makes me less bimbo-ish? haha

Anyway, for those who are fascinated about Goldman Sachs as “The Firm” to get into…the article below may prove useful to you :)

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Want to land a job at ‘The Firm’? Here’s how, by those who’ve done it before.

1) Interview again and again (and again)

Most front-office banking jobs involve a handful of interviews. Jobs at Goldman involve a dumper-truck full. We spoke to one former executive director at the bank, who joined as an associate back in the late 1990s. He had 47 interviews for the role.

“Back in those days, there was a real feeling that hiring by consensus was the way to go,” he says. “Two people tried to veto me and I had to re-interview with them and convince them that their initial assessment might not have been spot on.”

Now that Goldman’s grown a bit, he says the number of interviews isn’t quite so extreme, but neither are they down to single figures just yet: “I’d be surprised if any lateral hire got away with anything less than 15 interviews.”

Another ex-Goldmanite tells us the bank performs cross-checks between different interviewers to make sure your story holds up. “If you are not consistent in your stories, you will not get hired,” he tells us. “You will probably not find out why.”

2) Exude enthusiasm

If you manage to get a job at Goldman you’ll almost certainly spend more time in the office or on a plane than you will elsewhere. The demanding interview process is therefore equally a means of ascertaining your appetite for the demanding job and the degree of delight you’d feel were you only to land it.

“The key thing to surviving the interview process is enthusiasm,” says our ex-Goldmanite. “If you don’t have a technical advantage, then you’re a commodity candidate and total enthusiasm and hunger are key. You’ll also need to come across as incredibly hardworking – that’s what they’re trying to find.”

3) Find a sponsor

David Schwartz, a former head of HR for the European investment banking division at Goldman turned headhunter at US firm DN Schwartz & Co., says most people who interview at Goldman at anything above associate level have an insider on their side.

“At more senior levels, most people who interview at Goldman are there at the invitation of the firm,” says Schwartz. “People in the firm know who their competitors are and know who’s good, and will invite them to come around for a chat. It’s virtually impossible to come into the firm on a lateral basis unless that’s the situation.”

It may also be possible to get an interview after ingratiating yourself with existing employees (if you know any). “Work out who you know there and make your interests known,” advises Schwartz.

4) Perform surgery on your CV

It’s no good applying to Goldman if your CV is looking a bit peaky. One ex-MD says the bank will instantly bin anyone who makes spelling or grammatical errors. On a similar note, he says your CV will stand out if it suggests you’re an interesting person rather than a City drone. “They like action people and people who have done a lot of stuff,” he says. Adventure sports are popular.

And if you’re too old for adventure sports? It will help if you’ve taken a few risks of the entrepreneurial variety.

5) Accept defeat

Both Schwartz and the ex-director say Goldman isn’t great at breaking bad news. According to the ex-director, this is one reason for interviews running out of control: rather than a rejection letter, a candidate receives another interview invite.

Schwartz says internal sponsors can come in here, too: “It can take individuals a lot of time and effort before they realise that they haven’t made it. But a sponsor will be upfront and honest with you.”

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Some side comments from me:

All the recent talk about earning big money by becoming bankers…has caused a rush by everybody (be it fresh grads, experienced professionals, etc) into the financial services industry. It is true that the money is in this industry now.

However, to be earning the top dollars (i.e. to be in the front line) one need to be a certain calibre and I hope most of you agree with me that not everyone in this world is top calibre. And also, one got to look at what are the sacrifices for such money and prestige.

I have to admit that I am not top calibre…and personally I would recommend most of us who are like me and who wants to have a comfortable life…to not chase after all the “glamour” that has been reported in the media about the financial service industry…the media are just reporting people who make it..but not those who have fallen…

Some words of wisdom from me…”When people are rushing into something, it’s time for the wise to get out or stay away…” Just think, the financial services industry has its own ups and down. Companies around the world are cutting costs…job cutting can come anytime..beyond any employee’s control..

After some thinking about the situation, I would still think for people like me, not of the top calibre, we should try out and plan for sources of passive income (such as those I am working on now). These allow the average tom dick or harry to exihibit his potential to the fullest (without trying to impress bosses). The best thing is, you do not need to slog and work ridiculous hours (try to check out an investment banker’s working hours) for these types of income. That’s why I call them “passive income”.

Feel free to try out those programmes (refer to the "links for passive income generation" at the top of the page) which I am into now and earning a decent (though not spectacular) passive income with very minimal effort :)

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