Archive for the ‘Freedom’ Category
Part Time Business, NOT Part Time Job
This shall be the last part of ‘Path to Freedom’ that I can share with you.
The formula is simple:
Time Freedom -> Geographical Freedom -> Financial Freedom
First get your time freedom, then it is optional whether you would want your geographical freedom first or your financial freedom first.
Why geographical freedom?
The Rich’s Playground
In markets, anything that “make sense” make money. It is your position in that particular game that determine how much you make. In general, as briefed in article “From KL to Shanghai” there are 4 key areas t make money.
Biz = Businesses
R.E. = Real Estates
P.A. = Paper Assets
V.P. = Virtual Properties
Let’s cover a very brief info in each of every section at the moment.
Assets & Liabilities
We had went through some keywords in previous article: YOU Are the Golden Goose! Are You? :
Active Income, Passive Income, Income Streams, Golden Goose, Cash Cow.
Before we go into The Rich’s Playground, some other important keywords here are:
Assets & Liabilities, Cashflow, ROI (Return on Investment), Leverage
YOU Are the Golden Goose ! Are You ?
If you don’t know how to LEVERAGE, you may be working your way too hard…..
How Much Money is Enough ?
Many people say they “need” a lot of money to solve their financial problems/needs.
I quoted the word “need” above because I think the more appopriate word to use is “want”.
How much is “a lot of money” to you? 500,000 ? 1 million ? 5 million ? The more the merrier ?
I say, we don’t need millions to get by our days.
(Matthew 6:26 :
Look at the birds in the sky. They don’t plant or harvest or gather food into barns, and yet your heavenly Father feeds them. You are more valuable than they are, aren’t you?)
Money is an idea, wealth is a habit. To further illustrate, let’s see some case studies.
From KL to Shanghai
If you decide to go to Shanghai from KL, there are MANY options for you to travel.
The Rules of the Game
The first blog article What’s the name of the game? is just to raise some awareness.
Like it or not, we are living in a connected world, and is somehow a part of systems that exist around us.
In sports, whatever games we play, there is always rules to follow in order to win the game.
It’s the same everywhere else, in financial sectors, politics, educations etc.
To win the game, we have few options:
Read the rest of this entry »
What’s the Name of the Game?
I had been trying to convey the same message to many people for the past few years.
I think it’s time to write it down now.
Let’s start with this simple illustration, say Scenario 1:
I would like to borrow $100,000 from you. Yes, YOU.
No worry, I will pay you some interest on the amount you borrow me, say 5% per annum.
How would I use this money?
Well,I will use it to set up a small company, and employ you (Yes, YOU) to work for me (no worry, I will pay you salary).
The products from the company, I will sell to you (Yes, YOU).
Will you lend me the $100,000 if so?
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