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Write Yourself Million Dollar Check

Write Yourself Million Dollar Check

Dear esteemed colleagues and members,
When I say write yourself million dollar check, many may have the first impression that it’s all about money. However, as I said, it had never been about the money, because money is just an idea, and wealth is a habit. In my humble opinion, though it may be power and control to some people, it is mostly about freedom (Financial Freedom, Time Freedom and Geographical Freedom) when it comes to individuals or the mass public. The million dollar figure could be just an anchor or a performance index, which is a subjective matter. It’s just for clearer illustration purpose. Let’s check out the why and the how.


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Financial Freedom

Dear esteemed colleagues and members,

Financial freedom is not as complex as many people may think. Before we go into this, it is amazing to note that it’s almost end of July 2010. If we take a full year as a football match, second half had started quite some time!

While the purpose of this site is raising awareness about freedom, and for any person it is generally about time, geographical and financial freedom, we shall dig further into the money area this month.


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Life Responds to Deserve, I Want to See You Success!

Dear esteemed colleagues and members,

After some years working with the rich and getting to the grass root level and interacted with quite a number of people, I found some interesting fact about people and success. Due to the many stages and elements that determine whether a person would achieve what they want in life, only very few that truly reach their goals and dreams.

There are generally 4 stages in the path to achieve success - Define, Plan, Do, Persevere….


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Assets VS Liabilities, Active VS Passive, Multiple Streams of Passive Income

Dear esteemed colleagues and members,

In this monthly updates with title Assets VS Liabilities, Active VS Passive, Multiple Streams of Passive Income, we will further elaborate on the point “It’s all about cash flow…not capital gains!” in the article Education Takes Times posted in March 2010.

The vocabulary assets, liabilities, active income, passive income, and multiple streams of passive income is important in achieving your ultimate freedom, which include time freedom, geographical freedom and financial freedom.

We will go through a important image illustration in the later section of this updates. Let’s look at some recap since January 2010 first.


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Resolution 2010: Double The Income, Halves The Works

Dear esteemed colleagues and members,

It had been almost 3 weeks past the 2010 New Year celebration. What had you done in the past 18 days that could have made your life better?

Clarity Leads to Power

One of the thing I learned in Money & You Program is “Clarity Leads to Power”. As you may already know, if you failed to plan, you are planning to fail.

Take for example the subject of this email “Double The Income, Halves The Works”. …


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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?


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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.


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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


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YOU Are the Golden Goose ! Are You ?

If you don’t know how to LEVERAGE, you may be working your way too hard…..


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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.


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Personal Freedom

author_imgFinancial Freedom, Time Freedom, Geographical Freedom. Retire Young Retire Rich with Multiple Streams of Passive Income.

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