Learn How To Work Smart Instead of Hard

Learn How To Work Smart Instead of Hard

Dear Friends,

Are you tired of working for someone all these years ? As an employee, will you be ever get out of the rat race, the office politics, the uncertainty of being out of job ?

With the ever increasing cost of living, high inflation and your stagnant pay ...

Can you and your family survive another economic crisis that is coming ?

Robert Kiyosaki's Rich Dad Poor Dad's Cashflow Quadrants stated as :

"E" stands for Employee - those who work for someone else.

"S" stands for Self-employed - those like doctors, lawyers and taxi drivers. If they stop work, their income stop as well.

"B" stands for Business Owner - those who able to use other people's time to work hard for them.

"I" stands for Investor - making their money work hard for them.

Only those who are in Quadrants "B" and "I" are able to make use of their money, and other people's time to work for them, and thereby able to achieve Financially Freedom.

So have you ever dreamt of setting up your own business ?
How about the risk involved ?
Will your hard-earned capital be wasted ?

Look at the statistic below that shown the success rate of business within the first year :

Out of say 10 businesses in the first year, 7 will fail but only 1 will succeed. Chances are the person would also be working long hours and poured a large amount of capital.

My questions for you is :

"Do you have the large capital to set up your business ?"
"Are you willing to work long hours ?"

If your answer is no, then you may want to find out how i can help you to achieve what you want :

There are many businesses that you can be a licensee or franchisee but their fees are really high and you need to work long hours.

Are you willing to quit your job and risk your capital and time to invest in such businesses ?

Now I will touch on the exciting world of investing ...

If you are keen to be an Investors, you must have enough capital and chose a good investment tool. In this market condition, with big banks crumpling down, market being manipulated, what are your returns of your investment ?

If you invest in stocks and share, options, futures, or commodities, are they profitable or at least earning you 30% per year ? If not, you will have to look for a better investment tool.

Do you know that presently, the largest financial market in the world that is trading 3.5 trillion USD ( US$3,500,000,000,000 ) is still a relatively unknown investment tool in Singapore ?

Yes, Forex can scare those untrained Investors off, but do you know that with the right education and strategy, you will be far better off than investing in the conventional tools.

How many of your friends have become "long term investors" just because their portfolio had taken a dive because of investing in the wrong counters ?

Singapore is a small country but she is ranked 2nd in Asia in terms of Forex trading ... and is ranked 5th in the world far ahead of Australia and China.

So who are the persons that made Singapore in that position when most of your friends do not trade Forex ?

I gave you the answer. The banks ... They made tons of money but they pay us a meagre interest ... to be exact, less than 1% per year, while they made over 20% per month.

With the right strategy that you can learn from, why not join in the Forex trading and introduce this program to whoever you know ? You can make this to be your business and benefit everyone, a true win-win situation.

You will be a Successful Business Owner, as well as a Successful Investor, occupying the 2 right Quadrants of Kiyosaki's Cashflow Quadrants ... well on your way to become a Financial Free person.

The best part is, you can do this with very low capital but a very high return of investment.

If you are in any of the below category ...

... Retirees,
... Retrenched Personnel,
... Personnel Terminating their employment,
... Military Personnel leaving the force,
... House-wives,
... Tertiary students,
... Or ANYONE sick of being an employee but want to start a small business and get out of the Rat Race.

then this Business Opportunity is for you !

Even you have a full-time job, you can make extra income as a Business Owner using whatever free time you have.

Don't waste any more time like what I said. This is the best opportunity to make your money work harder for you.

If you think that why should you leave your comfort zone and venture into something else ? Looking at the present financial crisis, would you be able to survive financially if :

* Your retirement fund was almost wiped out resulting the need to work beyond your retirement age, and harder.

* You have to work two or three jobs, just to keep up with your bills – bills that just keep getting more and more each month.

* The value of your home dropped 30 or 40%, resulting in your losing all of the equity you worked so hard for ?

If things continue going the way they are, there’s a very real chance financial tragedies like this could occur ! However, as bad as it sounds ... There IS something you can do today to protect yourself, your family and your assets from the upcoming economic crisis ! It needn’t be all doom and gloom. You just need to Take Action Starting Today !

Learn more on Forex Trading, look out my Forex' Blog here.
http://mysignatureforex.blogspot.com

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Should Everyone Be Thinking of a Home-Based Business ?

Should Everyone Be Thinking of a Home-Based Business ?

It’s not a question of whether to set up a home-based business ; the only thing left for you to think about is what kind. Getting started in most home-based businesses is a lot easier than people think. As i shared with you earlier, its helped a lot of people set up their home-based businesses on a full-time or part-time basis.

There are 37 million home-based businesses in the United States. This number is predicted to grow by the year 2005 to 97 million.

Why this explosion ?

Because for most home-based businesses, there’s no risk and little overhead -- and no limit to how big you can build your business. There’s no geographical limits or educational requirements.

In addition, while you’re getting started, the IRS in effect subsidizes your business through these tax advantages. But unlike traditional businesses that struggle to make money, people that have a home-based business can make money right from the start. Many eventually leave their regular paychecks behind. That’s right !

A home-based business could even replace your full-time job ! For many home-based business owners, there comes a point when they just can’t afford to go back to work.

In fact, when operating a certain style of home-based business, there’s a very powerful money concept that can come in to play. One that complements the tax reduction strategies mentioned. It’s called ... residual income.

Many people think that all income is the same. Having been both an employee and a home-based business owner, we know this isn’t true.

There are two types of income that can be made today :
Temporary income and Permanent income.

The good news and bad news is that they both mean exactly what they say. The definition of temporary income is that you have to show up every day to get paid. If you wanted to take the temporary income test, ask yourself this question : “If I didn’t show up to work for the next four weeks and I didn’t tell anybody that I wasn’t going to show up, would I still get paid ?” If that is a resounding no, then you seriously need to start your very own home-based business right now -- today !

Check it out in my blog here and you'll find many home based business opportunity that might suit you. And once you start your home-based business, you’ll have the opportunity to earn residual income immediately.

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

The Advantage Of Home-Based Businesses

The Advantage Of Home-Based Businesses

Here are ten powerful benefits of having a home-based business :

1. ) You can start a home-based business at a low cost.
2. ) You invest your time instead of your money.
3. ) You do not need any special education or background.
4. ) You can reduce stress in your life.
5. ) You can work out of your home.
6. ) The experience will bring your family closer.
7. ) You’ll regain your personal time and freedom.
8. ) You can work part-time instead of full-time.
9. ) You’ll earn residual income instead of temporary income.
10. ) You can leverage you energies to maximize your profits.

In addition to these ten benefits, here’s another that’s even more startling :

The average home-based business makes over twice as much as the average American worker. Over 20% of home-based business owners make over $70,000 per year ! And for many, that’s just only part-time hours !

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Is Your Accountant Up to Speed on Home-Based Business Tax Laws ?

Is Your Accountant Up to Speed on Home-Based Business Tax Laws ?

Do you know that starting a home-based business was one of the single greatest tax reduction strategies available -- but you had to make a profit before these deductions could apply.

If your accountant or CPA has told you the same thing, start looking for another tax professional immediately because it is simply not true ! What matters is that you run your business like a business, not like a hobby.

If your loss exceeds your income, you can use the loss against any form of income you have : interest, dividends, wages, and pensions ... anything you can think of.

If you are married, you can use that loss against your spouse’s earnings. In addition, you can carry back the loss for two years and carry forward all business losses that exceed your income for 20 years !

The important thing is to not quit. I can’t say that enough. Let the tax benefits work for you while you learn your new home-based business venture. If you quit your home-based business, then you are giving the IRS a definite date when your tax savings cease. And there’s no reason to ever give them up -- ever !

The bottom line is this :

Congress wants the IRS to subsidize you in pursuit of your home-based business, and anyone can deduct legitimate business expenses regardless of their income or profit. The fact is, the majority of businesses lose money in their first year or two. Congress figures that those businesses would never start, and many jobs would be lost, if they couldn’t deduct their expenses or losses.

Make sense ?

The problem is, many CPAs, tax planners, and tax preparation firms are simply confused about what is or isn’t tax deductible. And who can blame them ? Not even an IRS agent has all 40,000 pages of tax code memorized, not to mention the thousands more pages added almost every year. Whether they’re government employees or tax professionals, most people involved in taxes only familiarize themselves with the laws they see or use the most. Most professionals are unfamiliar with many of the tax laws passed benefiting home-based businesses because they simply cannot make any money in that particular area.

Most home-based businesses don’t use a CPA like larger businesses and corporations do, so most CPAs are not fully aware of the huge advantages that home-based businesses have for the average person.

You say you have an accountant already or a tax preparation professional whom you like and trust ? Congratulations !

But they can only do so much with what you bring them. If you haven’t set up a home-based business and don’t have a good tax diary system for recording expenses, no accountant can save you the money you should be saving. Without the right documentation, you’ll end up in the tax deduction cemetery, where IRS will pick your bones clean.

A good tax diary more than pays for itself in saved accounting fees and time away from money-making activities during an IRS audit that could have been completely avoided. With a little work in a few places, properly documenting your records can be one of the easiest things to do. And guess what ? It’s one of the easiest things not to do.

Now there are two very logical reasons why your accountant may not mention any of this to you :

• He doesn’t have the time to show or teach you what legal deductions to take, or
• He’s afraid of losing his license if you don’t follow his record-keeping instructions.

Who do you think the IRS blames whenever they find mistakes in an audit ? Your tax pro, of course ! Remember, most accountants are by nature very conservative people. There’s even a doctrine in the accountants’ creed called the Conservatism Doctrine. These folks are trained to be cautious.

It’s a shame. Accountants are not telling their clients about the power of having a home-based business, yet the fact still remains that it represents the single greatest tax reduction strategy in America today. Period !

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Owning a Home-Based Business is Your Key to Extra Cash

Owning a Home-Based Business is Your Key to Extra Cash

First, anyone can start a home-based business. It does not matter what your background is or how much experience you have. And with our powerful tax strategies, the day you start is the day you begin to save !

Second, you don’t have to be a CPA or tax attorney or even know anything about taxes for these strategies to instantly work for you.

Third, there is no complicated paperwork involved ; just follow simple instructions. As one of the first benefits of being a business owner, you'll learn how to fatten up your take-home pay from your current job without even telling your boss.

Imagine ...

You invest just a few minutes a day and you'll learn how you could get $5,000 to $15,000 or even more in new deductions your very first year and every year from now on. Its help thousands who already have home-based businesses save even more money from it. You might think that $5,000 to $15,000 is an outrageous amount of savings, but really, it’s fairly average.

Talk Soon ...

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Where is my Guaranteed Payraise ?

Where is my Guaranteed Payraise ?

Could you use more money, say, $5,000 to $10,000 a year ? Want a pay raise without asking your boss ? Like to slash your taxes in half ?

No, you don’t need a ski mask or bank-robbing experience. The IRS won’t come to repossess your car. There are many programs offer a tried-and-true method to multiply your legal deductions far beyond what you thought possible ! With those program, you take a few simple steps and watch your tax bill drop. And you don’t have to wait until tax time to feel the relief -- you can start saving money on your very next paycheck !

Next time you get paid, take a close look at your check. You’ll need a calculator to add up all those boxes, but you’ll probably find that you pay over a quarter of your hard-earned income to the taxman. For many of us, that’s more than housing, food, and utility costs combined ! But you don’t have to pay so much -- it’s more than your share ! Take advantage of the last best tax shelter without having to pay a hot-shot CPA or tax attorney.

The Truth about Legal Tax Reduction

There’s a group of individuals in many countries that is able to take advantage of more deductions than any other group or business.

Believe it or not, it isn’t the wealthy. It isn’t the poor. It isn’t even the hard-working wage earners. It’s a tax break designed for -- the intelligent ! It’s a tax break for people smart and enterprising enough to start a home-based business.

The truth is that there are two tax systems in thoses countries :
One is for employed people working for wages, and the other is for self-employed people like home-based business owners.

Home-based business owners who have made one addition to their lifestyle, a home-based business. Because of it, they have access to more deductions than the super-rich !

For example, Americans earning an average paycheck can keep an extra $5,000 to $10,000 per year simply by owning and operating their very own home-based business. Not only do you get the same deductions as Bill Gates, Ross Perot, and Donald Trump, you get more.

Lets show you how to write off the business use of your home and car, health care costs, even travel expenses ! The tax-slashing strategies available to anyone who owns and operates a home-based business will shock you ! They may even amaze you ! And if you’re like thousands of others, learning to use them will change your life.

Having a home-based business is one of the last great tax advantages available. A home-based business provides the best opportunity to avoid giving the bulk of your hard-earned income.

Stay Tune to my next updates ...

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Action On Your Internet Marketing

Action On Your Internet Marketing

Internet marketing has the ability to make you very wealthy if you follow a few well thought out and proven internet marketing tips.

Make sure to put each of these tips into action and you'll see noticeable improvements in your business.

Internet Marketing Tip #1 :

You must become an expert in the niche you choose. This means you need to learn every small detail in order to be the most effective and provide the correct solutions for you customers.

Research your topic. If it's a topic of interest to you, then the actual research should be pretty easy since you are excited about it.

The more you know about your niche, the more you can gain the trust of your potential customers.

Internet Marketing Tip #2 :

You need to be consistent in all of your internet marketing efforts. You need to make sure you set and achieve small goals that'll increase your efforts and results.

Remember to have fun and keep it loose, but you must also make sure to focused and do the required work needed to gain the highest level of success possible.

If you go at your internet business half hearted, then the results will reflect your investment. The bottom line is this, the more you put in, the more you get in return.

Internet Marketing Tip #3 :

Use proven and cutting edge internet marketing techniques. Don't try and re-invent the wheel when it comes to marketing your business.

Learn from other successful internet marketers as to what works and what does not. Having another person who has already been through the ringer, will help guide you in the right direction.

You should always continue your internet marketing education by joining forums or investing in a few ebooks from other successful marketers.

Here are some of the ebooks i'll recommend to you, Check it out below ...

Secrets of Self-Made Millionaires

Blogger's PayCheck

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Why 90% Of People Who Start Online Business Fail In Their 1st 2 Months ?

Why 90% Of People Who Start Online Business Fail In Their 1st 2 Months ?

I realized this is a real fact that many people who start online business would always fail within the first 2 months and I found out the reason why they fail. The reason is they do not have a strong motivation factor to drive them to work harder for their business.

I used to come from a working background as a restuarant' captain and I know how it feels not getting paid a salary for months and business is not generating money. If you can related to that, my advice to you is DONT GIVE UP and PUSH ON and YOU WILL SUCCEED.

Many people keeps asking what should they do to make money online fast and now ! The truth is : there is NO SUCH THING as quick money online. If you are into Internet Marketing to make fast money, it is Not Possible ! It takes lots of time and effort to build relationships online before you can start making money online.

Here’s Are 3 Simple Steps To Get You Started

1. ) Get A Mentor To Help You

I remember when I first started to learn about Internet Marketing, I learn it the hard way by self study and I made countless number of mistakes. However, with a mentor it will help you to lessen those mistakes and bring you to the right direction.

2. ) Get A Guide Book To Help You Get Started

Go to Clickbank.com, get any marketing or blogging book and seriously read it and apply them. Most books that are sold online all work, just that you do not take action on it ! Not only must you take action, but take MASSIVE ACTION for at least 6 months before you can determine it works for you. If you need a Full guide to Blogging, I would recommend this book which i'm having at this link.

3. ) Spent Really Lots Of Time To Take Action

The key to successful online marketers is plan a marketing plan, stick to it and take massive action. Many successful marketers that I know online, all have one thing in common when they get an idea. They would take really massive action about it and that’s how you grow a business. If you are currently not spending time on your online business, you are seriously not bring justice to yourself.

If you seriously apply the 3 tips I just mentioned above and follow it through for at least 6 months, you will see results that you want. The key thing is DO NOT and I say again DO NOT just try it out for 2 weeks or 1 month and simply say it does not work ! All the tactics you read here or in most marketing books do work just that you have not done enough to get the results you desire ! How much time must you spend ? Well just read this post to get an idea ( recommended as MUCH AS POSSIBLE ! ).

Now, click on the link again to learn how to success with your own blog. Enter Here ...

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

How To Jump Start Your Blogging Career

How To Jump Start Your Blogging Career

Want to have success in blogging business have to do differencing things from other internet blogger.

Important thing is that your blog must be original. You may get free content from all other internet blog but you must have your ways of blogging. Post your truth news on your blogsite the content that can’t be change and comment your article that posted.

Everyone seek oneness, by drawing out readers attention, you will be different than the other colorlessness articles on the web.

Advertising your blog, there are a lot of people don’t advertise themselves and wonder how they start blogging. By letting people know your blog you must advertise your blogsite.

The powerful ways to drive traffic to your blog by posting articles and directories by using Ezine Articles link to your blog.

Use social bookmaking sites and you can post your articles by using forums that can link to your blog signature.

Nobody will know and see your blog if there no traffic coming in to your blog.

Add great value content to your blog for the viewers.

Provide related matter content and topics on to your blog. For example, you are promoting about cows in your blog, please provide more details about cows on to your blog. To speak in a loud sometimes but don’t always do it, except under the circumstances you are starting a blog to encourage yourself to diverting purposes.

Lastly ...

You have already legalized your blog by using adwords and other pay ; start to use blog to make money. What you need to do is recommend a good topics on your blog because you not selling anything. Click the ads onto your blog that is located.

It’s compulsory to recommend a good products that u recommend on you own stuffs and promoting associate products. It will affect your reputation if you promote bad products and people start to spread bad things around.

For your success, you only recommend good products on your blog and get rewards from your business.

To have a Successful and Profitable blog, here was the Full Guide for Blogging that i'll suggest to you, Click on the link here.

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

How To Improve Your Blog

How To Improve Your Blog

The outbreak of technology in this world is great speedily change. A lot of new things were made. The new featured designs have been implement. Being in the process of passing out of use and getting shorter everyday. For example the handphone, in one year the latest model no longer in use because of the new products will recommended every six month. Everything changes very fast.

The words are true. The definition of a website can change by the viewers. Other words of “widget” are a small thing on web will tell. For example jokes, weather and other repots. The blogging and blog are now currently making a new word a round the internet.

The two words of “blog” are web and log. To maintain a blog web this is difference contain regular explanation and advice on miscellany of subjects from the commonplace at dignify. Blog can put anything what he likes and feeling know about people individual predicamental or other people.

Trying to reach out as many clients as possible that what all bloggers does. Listening and interview that blogger wants. They want to get experiences by knowing for people in the world. Hope that more visitors will visit their website everyday.

There are some bloggers that people don’t like them. There are reasons some unresponsive people. There are a lot of reason that make it slow. For you know more about blogging tips will help think of making your website.

They are people don’t listen because they are not really interested and listening to what you talking about. Some of them will tell people and talk bad about your website. What is popular for now ? Try to listen to people. Now is time for the bloggers to introduce, imaginative and start everything brand new. The success of other people blog is not encouraged for duplicate.

Be truth to yourself. Try to research what people like in this world now. Niche marketing is the place that you can find people and target on difference group of people.

To promote a blog one thing is very important. Promote your blog is to let people know that you are in the market and they will try it. For a loyal subscriber you need to have feedback and comments and all can done to supportive systems with websites. Some websites also can direct people to view your blog. There ways to active gregarious networking. This ways is a good ways to get reach out more number of people.

There are many source of danger of writing blog. What could happen because discordance that what you write in your blog. If you are not working, the subscribers can know easily. If you are not discordance, they will not view your website again. Set a time to write your blog is the way of consistent and responsible for your blog.

However if you going to start you own blog, you need the basic knowledge about blogging tips. Your website must be attractive so that more people will view. To prevent for danger that can bring you to that objective. Click on the link here to learn more.

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

P.S. : This is a complete guide to take you, even if you are a total beginner blogger or marketer who has been failing up until now and transform you into a blogging superstar.
Get this Complete Guide Now ...

First Experience With Robert’s Philosophy

First Experience With Robert’s Philosophy

Let me just share my first experience being exposed to Robert’s wealth building philosophy.

The first book I read from Robert was “Retire Young Retire Rich”. I’ve heard of this guy before but had never read his book. Till one day ...

I was at this bookshop somewhere Takashimaya and the title caught my eye. Hmmm “Retire Young and Rich” ... that was what I have been wanting to do since my teenage years.

Well the book was both an eye-opener and a mind-opener ! I could not put the book down. I just wanted to devour page after pages of it. I couldn’t believe it. Why have I been so ignorant of these concepts for so long ...

You see, I have been brought up all along to think that I need to study hard and get a good job. For the longest time as I can remember, I have done just that. But I have always been searching for ways to become rich.

Now the main reason I wanted to become rich is not because I just want to live a life of luxury. That may come once you got it but my main motivation was that I found that a significant part of my life was spent at work ... working tireless and hoping that people will notice my work and give me a promotion. I loved my job and I enjoyed solving and being creative in it. But it is really taking me away from some of the things that I would like to accomplish in my life.

I have in fact been a slave to my job. I need a job to provide me with an income but I quickly found out that it was always a struggle to save enough money. I had some savings, but it seemed like it will be almost impossible before I will be able to say that I can live without having a job. Month after month you are just working so that you could pay off this expense or that expense and this cycle would presumably continue until your final days.

I questioned myself whether this is what life is all about.

Why does a job take up the majority of our waking lives ?
Are we living for a job or do we have a job to live ?

But it seemed that everyone is doing the same thing. We rush out of our house every morning and came back late at night, we worked on weekends sometimes and we always missed that important dates with our families. Isn’t this model upside down ?

Well indeed, that book was like a revelation. It answered a lot of the questions I have all along. And I will love to share some of the things in it that has transformed the way I look at life forever.

Stay tune to my next post ... live your life to the fullest ... !

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Retire Young Retire Rich Lesson 2 - Investing for Cashflow

Retire Young Retire Rich Lesson 2 - Investing for Cashflow

As I mentioned in my previous post, being aware of your thoughts and words that limit your potential was lesson number 1 for me. Suddenly you become aware of how many negative things you said to yourself on a daily basis. And once you become aware of it, you can start to take steps to “deprogram” yourself of your negative thinking.

My journey with Robert’s book continued with my 2nd lesson. I was afraid of investing. I, like many others, believe that investing is risky. I always tell myself that I do not have spare cash to invest. I kept saying that it was better to have my savings rather than lose it through investments.

Of course it is important to have savings in order to tide you through rough patches in life. But the problem for most people is that they saved too much and put most or all of their money in risk-free instruments like fixed deposits and savings accounts. This thus do not allow you much leverage with your money.

But the real reason I was afraid of investing was because I believe that the only way to make money through investing is when the investment you bought appreciate in value. I said to myself that I was not good at predicting whether the stock or property appreciates in value, so investing is thus extremely risky for me.

However, Robert’s open up my mind to another perspective in investing. He said that an investment should start putting money in your pocket when you buy the investment and not when you sell the investment. He is basically saying that you should invest for cashflow rather than for capital appreciation. That was really a powerful distinction in investment philosophy.

When you invest for cashflow, you make your calculations on the return on investment from day one. You must make money from the start and not hope for the investment to increase in value. If the investment later does increase in value, it is a bonus, but if it reduces in value, you should have also factored that in when you made the investment at the start.

This change in investment mindset really opens up my thinking towards investing.

Till next post…

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore

Retire Young Retire Rich Lesson 1 - The Power of Leverage

Retire Young Retire Rich Lesson 1 - The Power of Leverage

As I mentioned in my previous post, Robert’s book “Retire Young Retire Rich” was a book that totally reshaped my financial thinking as well as my perspective of life in general.

It was like you have this hard knock to your head that totally shattered your lifelong conception of money and how to earn it. Suddenly, I could see why I was struggling to earn money, even though I am already in the upper middle class section of society. I was earning good money, but the expenses were high and I could not safely say that I could quit my job and life will go on as normal.

The first key lesson that I got from Robert’s book was "Leverage". Basically, leverage is anything smaller that can achieve anything much larger. In fact the whole book focusses on leverage. Leverage of the mind, leverage of the your plan, leverage of your actions and leverage of your first step.

Robert’s Rich Dad said that “Cash flow is the most important word in the world of money” and he continued to say that “The second most important word is Leverage”. In fact, leverage is the reason why less than 5 percent of all people are rich. These people are rich precisely because they know how to use the power of leverage and most people don’t.

I was indeed struck by this concept of leverage. Leverage is indeed power. For example, how long would you take to save $100,000 dollars ? Assuming you can save $1000 per month, it will still take you 100 months or 8.3 years. Most people though will have difficulty putting away $1000 per month in spare cash. How then could you be able to afford big investments if you are just depending on your ability to save ? How can you be rich by just saving money ? The answer is leverage. You use other people’s money ( OPM ) such as the bank’s money to make investment in the form of risk-managed debt instruments. More of this in later posts.

But the biggest leverage that I learned from Robert is leverage of the mind. That was lesson 1 for me. Isn’t it amazing how often we hear the words “I cannot afford it”, “I can’t do that”, “I don’t have the money” and “Investing is risky” ? What all these do is limit the scope of your mind and switching off your thinking caps. If you said you can’t afford it, the brain takes it as final and end of story. It will not think about it anymore.

However, if you say “How can I afford it ?”, it becomes a challenge to the brain. You put your mind to work looking at ways to afford it. Great inventions were made possible because humans refused to accept that something was not possible. The Wright Brothers would not have invented the aeroplane if they accept that humans cannot fly. Humans need to be challenged and they excel when challenged. Unfortunately, a lot of people take the easy way out and accept that they cannot afford it because it is easier to do so.

Hence, always be aware of what you say to your mind. Be aware of words that limits your possibilities. Be aware of other people’s words that make you feel small. Be aware of your thoughts that diminish your potential.

That my friend, is the first step in your journey towards meeting your “Retire Young Retire Rich”’s goal ...

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail/com
http://mysignaturebusiness.blogspot.com
Singapore

The Story of Rich Dad - Robert T. Kiyosaki

The Story of Rich Dad - Robert T. Kiyosaki

Robert Toru Kiyosaki was born in Hawaii on April 8 1947 to a Japanese/American parents.

After moving to New York and graduating from college, he joined the Marine Corps as a helicopter gunship pilot. He served in the Vietnam War and was awarded the Air Medal. He left the Marine Corps in 1974 and joined Xerox Corp as a salesman in the photocopying company.

In 1977, Robert started a company selling velcro wallets for surfers. He had some initial success with the business but it finally had to be closed down.

In the early 1980s he started another company making T-shirts for heavy metal rock band but the business failed again and he had to declare bankrupt and allegedly became homeless. These early failures taught many important lessons for this soon to be Successful Investor, Entrepreneur and Motivational Speaker.

The turning tide of failure into success began one night when he, his wife Kim, and his friend Larry, went skiing in Vancouver, British Columbia, on Whistler Mountain in December 1984. They were all feeling down after their failures when finally Larry said, “Why don’t we write a plan on how we can all become financially free ? We’ve talked about it many times but I think it is time to stop talking, stop dreaming, and start committing. Let’s write it down and once we write it down, you know we have to do it.” That night was the start of a commitment for the three of them to turn their lives around.

Robert went on to be successful in his real estate ventures and briefly retired at the age of 47, after achieving the Financial Freedom he planned for that night.

Robert has written 18 books with combined sales of over 26 million copies. Three of his books, Rich Dad Poor Dad, Rich Dad’s CASHFLOW Quadrant, and Rich Dad’s Guide to Investing, have been on the top 10 best-seller lists simultaneously on The Wall Street Journal, USA Today and the New York Times.

A large part of Kiyosaki’s teachings is focus on generating Passive Income. This is done through investment opportunities such as real estate and businesses. The ultimate goal is to be able to be financially free through the cash flow generated by your assets.

Robert’s simplify financial learning for the layman. Many people got into trouble financially because of their inability to understand the difference between an asset and a liability. Robert simply defines “assets” as things that puts money into your pocket and “liabilities” as things that take money out of your pocket. This definition makes it crystal clear what these terms as and this is important in order to start the process of reaching Financial Freedom.

One of the key concepts that Robert espouses is the concept of “The Cashflow Quadrant”. Simply put, this quadrant explains the four main categories how money is earned. The quadrants are described as follows :

• E : Employee — You have a job and working for someone else

• S : Self-employed or Small business owner — You own your own job and is your own boss.

• B : Business owner — You own a “system” of making money, rather than a job to make money.

• I : Investor — You use money to make more money

The Key to Financial Freedom is to move to the right side of the quadrant. This is the quadrant where true wealth resides. So even if someone is working for a company, they need to still mind their own business and build their wealth on the right side of the quadrant.


Another key concept in Robert’s teachings is the concept of "Leverage". Leverage is achieving something bigger with something smaller. There are many types of leverage. Leverage of the mind for example, means that you need to make use of your mind to achieve almost impossible dreams. If your mind is constantly limited by sayings like “I can’t afford it”, “It is too risky”, “I can’t do it”, then you will almost certainly not achieve anything in your life. However, if you expand your mind and say “What do I need to do to afford it”, “How can I manage the risk” and “I can do it”, you are using the leverage of your mind to achieve the impossible.

The next important concept is the concept of the “Speed of Money”. To understand this, let’s ask the question “Would you rather make $100,000 or $10,000 ?” Most people would say $100,000. But if you rephrase this question as “Would you rather make $100,000 in 1 year or $10,000 per week ?” then a different perspective comes into play. You see, the time factor is important in wealth accumulation. The richest people make money faster than anyone else. A billionaire makes money faster than a millionaire. A millionaire makes money faster than the middle income. So it is important to choose your investment and make your money in the shortest time that is safely possible.

Robert’s key financial concepts shook the world with his first book “Rich Dad Poor Dad”. Robert has managed to simplify complex financial concepts to make it understandable to the masses. We are living in a world that is going through a lot of upheaval and these simplified ways of explaining financial concepts will go a long way in allowing more people to take control of their financial future.

To Your Success

Wingcent Ning
Success-Biz Marketing
wingcent@gmail.com
http://mysignaturebusiness.blogspot.com
Singapore