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.

Why Write Yourself Million Dollar Check

There may be many different reasons to write yourself million dollar check, however, I would just mention two here.

• Freedom. There is this saying that goes “Once you got a million dollar in your bank account, you will never be broke again.” Why? Because if you translate this amount into an investment that could bring in 6% ROI a year, it is equivalent to $5,000 a month in income (1,000,000 x 6% / 12 = 5,000). Unless you are living a luxurious life where your expenses is more than this income (i.e. you may be buying too much luxury or unnecessary items and liabilities), $5,000 in income without having to trade your precious time for it with a day job (i.e. money works for you instead of you work for money) is indeed a good deal.
• Clarity. Forbes magazine defines rich as $1 million in income and $10 million in net worth, while Rich Dad as in Robert Kiyosaki Book defines rich as “a consistent $1 million in passive income, which is income that comes in regardless of if you work or not, and $5 million in assets, not net worth”. The point here is: Clarity leads to Power. The numbers are just being used as a performance index, or a measurement for your success milestone. Once you are very clear about Assets VS Liabilities, Active VS Passive, Multiple Streams of Passive Income, you will truly understand that money is nothing but numbers.

What does financial freedom means to you? Can you define financial freedom clearly? Are you going for something you don’t have a clear idea what it is all about? Engage into beneficial thinking process before you write yourself million dollar check!

Write Yourself Million Dollar Check

How To Write Yourself Million Dollar Check

If you observe clearly things surrounding yourself, you could easily spot many ways to reach the million dollar mark. In other words, there are more than 100 ways to make a million dollar. Take for instance, how many of you out there does realize that the steps you are taking when walking in KLCC (yes, the twin tower in Malaysia), you are stepping in a golden area where each square feet is worth more than MYR 1,000? In The Rich’s Playground, there are at least four main industry or categories you could be playing with.

As the case with Automated Internet Business which falls in the virtual properties area, you now can check out from websites flipping services such as flippa.com to get an insight into trading of websites, just like flipping a real estates in the real world!

Processes do not fade, methods do.. Before get your hands dirty with the jobs, it is always better to find and know the big why. For this article, the important question to ask is, do you really have the strong desire to write yourself million dollar check?

With love, respect, and much abundant blessings always,
How Tze

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.

Financial Freedom

Throughout the journey, my summary of what brings to financial freedom are:

======================================================================
Money is an idea. Wealth is a habit.
Financial Freedom = Income > Expenses, FOREVER.
Secret No.1 : Multiple Streams of Passive Income
Secret No.2 : Recurring
======================================================================

I guess the words above is self explained, enough for you to do some serious thinking, and TAKE ACTION for whatever decision that could make your life better (as each of us will have our own individual path and journey to proceed in our precious life)!

Additional Notes on Financial Freedom

As most of us are graduated from a system where the main purpose is to build an army of workers to feed into and serve the system of the rich, it is interesting to note that many people lack the financial knowledge needed to know what is happening to the world, or at least keeping afloat abide being attacked by the four financial forces - debt, inflation, taxes, retirement plan - conscious or unconsciously. As what Kiyosaki mentioned in one of his book. “You do not need to know about money when you are destined to simply be a cog in someone else’s money machine, or a worker on someone else’s plantation.”

Remember, before it is too late, you must reassess your entire concept of ownership. It is not about possessing things or money or titles!

With Love, Respect and Much Abundant Blessings Always,
How Tze

Related Info:
Hijacking the Education System
One Thing You Don’t Need To Be An Entrepreneur: A College Degree
We are living through an entrepreneurial revolution, on a global scale

During the first half of 2010, I personally witnessed and confirmed that the 90/10 rules is true.

While I keep sharing with people about freedom and multiple streams of passive income, it is interesting to see that the reaction from people asre just like what we could found in a marathon - some people started, some persisted, some make it to the end far ahead of others, and too often, many not even started!

It has been my observation that most people get ahead during the time that others waste!

While I truly want to you see success, I hope that those who are still wondering in life at least find out your passion first, and while those already started do persist and persevere until you reach your goal!

Passive Income Examples

Before we look at the examples, let’s share something important

Scenario 1: A professional works from 9 to 5 every weekday, earning 72,000 a year, paid some 5,000 to IRB (income tax) every year.

Scenario 2: A web property owner making some 4,320 a year and paid 523 to maintenance of the website every year.

Can you tell the moral behind the scenarios? Think. It is better to find the answer on your own than to be spoon feed.

There are many other passive income examples than blogging or owning a web property.

Example 1: Real estates
Buy a 180,000 service apartment, where the financial arrangement requires to serve a monthly bank loan repayment of 800. Rent it out at 1,300, and there is a gross 500 passive income from rental property.

Example 2: Business
Own a franchise F&B restaurant, where it brings in some 3,000 to 5,000 nett cash inflow every month (depends on the franchise initial investment, business location and monthly sales revenue)

Example 3: Paper assets
Invest in some blue chips shares that pays you an annual nett interest which is equivalent to 5%-12% of your investment amount every year.

No matter which battlefield you chose (any segment from The Rich’s Playground), it is all about freedom.

The best thing wealth can bring you is the freedom to decide how you want to use your time!

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

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….

1. Define
If you don’t know where you are going, you will be going no where. Too many people are too busy in earning a living rather than designing their life. Take a holiday trip for example, where is the destination of the trip if you are going for a relaxing holiday?

2. Plan
Just like planning for a holiday trip, once you know where you want to go, you need to know how you are going to get there. If FREEDOM is what you want in life, you need to know The Rich’s Playground (i.e. where is your battlefield?)

3. Do
For holiday trips, this is the part where people go online and book air tickets, make hotel reservations etc. In life business, this is where you commit to some investment and proceed with your plan, be it time, money or other resources.

4. Persevere
If you are heading towards the airport and your car breakdown halfway, would you leave the car to mechanic, find a cab, and continue your journey? Or take recent cases, say you already in Bangkok and there happened to be a protest and curfew going on, will you go to next destination or come home earlier than planned? There is no right or wrong answer in choices we make, it’s just how you react or response to changes and challenges.

Change today is no longer personal. Change is business in this new world. A world of dramatic globalization. This new world relentlessly delivers change. It’s also made business and life itself very unpredictable. Change is the new reality. Willingness to change is a strength, even if it means plunging part of the business into total confusion for a while.

Success is a day to day progressive realization towards your own goal. There are many possibilities and opportunities you can reap huge and great (passive) income from Automated Internet Business. The question is, do you deserve it? Life responds to deserve, not need.

Are you able to get through the 4 general stages as stated above to achieve your success (Success is a day to day progressive realization towards your own goal)?

I had seen too many people failed or even never started with stage 1, and many stop at stage 2, while a few quit at stage 3 (relatively the numbers that stays get smaller as we proceeds through stages). It is fact that far very little that make it through stage 4 and eventually reap the benefits of their hard work.

The conclusion is, I had seen many success and failures throughout the past 10 years, and generally it took some 3-8 years for people to achieve their goal when they focus, do it correctly, and persistent enough. Good news is, 3-8 years is not that long time after all, bad news is we don’t have many of the 3-8 years slot in life.

Again, life respond to those who deserve not need. Many people need to be successful however they are not because the thing they do and the commitment level they put in is not enough for life to respond to them.

“Everybody stumbles across a golden opportunity at least once in a lifetime. Unfortunately most people just pick themselves up, dust themselves down, and walk away from it.” — Winston Churchill

The website will not simply generate income for you, until you instill the right online approach and strategy.

I hope this give you some spark, I want to see you success! All the best!

With love, respect and abundant blessings always,
How Tze
Automated Internet Business

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.

Recap on Previous Updates

A look back in monthly articles since January 2010, we had looked into some important concepts through

January 2010: Resolution 2010: Double The Income, Halves The Works
Where we talked about Clarity Leads to Power and Things Happened for A Reason

February 2010: Law of Large Numbers
Where we talked about “Prospects, Conversion Rate, Clients, No. of Purchase, Purchase Value, and Business Revenue”, and the important to “THINK“.

March 2010: Education Takes Times
Where we mentioned that developing a passive income will take some perseverance, and the steps to getting it done are not difficult, but it requires one thing many people will not put in — consistency.

Since we had mentioned about “Never invest without knowledge. It’s all about cash flow…not capital gains!” in March updates, we will dig deeper into this now.

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

It is interesting to note that the recent financial meltdown as not only a failure of the laissez-faire market, but also — and more important — a failure in thinking. “People either ignored the unknowable or purposely disregarded the facts,” (Refer How an Economist’s Cry for Ethical Capitalism was Heard)

Why we are looking into these vocab is because the most important investment you will ever make is the investment in yourself. You are what you read. You should know that the ultimate assets in your lifetime is yourself, not your house, not your gold bars in the bank, not any other material things which is replaceable. Death penalty or death sentence is also called capital punishment because it took away your most precious capital in this world - YOU.

Let’s look at these words and how you could use them to your benefits with a simple image illustration:

According to Robert Kiyosaki Book,
Assets - put money into your pocket every month/day/minutes
Liabilities - take money out of your pocket every month/day/minutes

Assets will feed you when you do not work. Liabilities will eat you.

Active income is the income that required your presence during the time the income is generated. While passive income works otherwise.

When we talk about multiple streams of passive income, one of the most important concepts you need to learn and apply is the Parable of The Pipeline. To cut a long story short, having multiple streams of passive income means you are not relying on a single source of income (more risk if the single source of income is an active income).

So, the key to financial freedom and great wealth is a person’s ability or skill to convert earned income into multiple streams of passive income.

My opinion is any investment that make sense can make money, but the key is “CONTROL” and “CASH FLOW”. How much percentage you have the control over the business? Is the so called “investment” an asset or liabilities according to how these words was defined above? Sometimes it is not how much, but how fast you can recoup your initial investment?

The key question may be: “How much I am going to put my money in? How long can I get back the money I invested?” Any money that you get after you got back all your investment amount, means that “business” or “entity” had been successfully became your “money machine” as it keeps generating income for you every month.

Just for a real world example: While the money I am making is >USD10 per month, I re-invested USD10 per month into a global automated domain+hosting+content management system business (GDI - http://www.freedom.ws/howtze). As this is a 5-tier referral program and the monthly maintenance is only USD10, and I am going to use a hosting services for one of my “one page sales letter” internet business anyhow, it is something I call “killing two birds with one stone” thing and is a fully and highly leverage passive income streams (just for your information, one of my introducer is making around USD30k last month).

Of course, this may not be something for everyone, as in any other businesses and things in the world. Always remember to keep invest in yourself and keep educating yourself especially in this fast changing world with huge opportunities.

Some of the additional information you may want to check out if you understand Chinese Language: 最终极资产, 农民思想的智慧, and of course, my ebook written in 2008 - I thought you no need to work.

To your success!

With love, respect and abundant blessings always,
How Tze
Automated Internet Business

This is almost the end of first quarter of 2010. In this monthly message, I would like to share 2 points with you:

1. It takes time to succeed because success is merely the natural reward of taking time to do anything well. Success is a day to day progressive realization towards your own goal.

2. Never invest without knowledge. It’s all about cash flow…not capital gains!

You have to get smarter about money, now. We don’t learn it in school and we don’t learn it in college. There are no get-rich-quick schemes that work. Wealth and security takes education and education takes time.

It is in your moments of decision that your destiny is shaped. Plant the seed of desire in your mind and it forms a nucleus with power to attract to itself everything needed for its fulfillment.

Take a real world case as example, which is my personal experience. On 7th October 2009, the day my car was stolen, I made a decision to revamp one of my web property, from a Chinese keywords of “创业家” to “business” which, has a competition of 1,520,000,000 in search results. (Results 1 - 10 of about 1,520,000,000 for business from Google)

Today, after 6 months of daily little works, I started to see growing trend for this highly competitive segment on content publishing. Though, there is still a long way to go.

The point I would like to make is:

Would you be willing to continue doing what you decided to do day after day even you may not be seeing any result for the first six months?

Developing a passive income will take some perseverance. The steps to getting it done are not difficult, but it requires one thing many people will not put in — consistency.

Another real world example I would like to share here is, when I was doing my Resolution 2010: Double The Income, Halves The Works, one of the little item in the overall goal was to write a monthly message to all my esteemed colleagues and members, and this is the 3rd of the messages! This means achieving a little of 25% (3/12) for this goal item.

The point here is: CLARITY leads to power. Rather than set a goal item of “produce as much articles on my personal blogs in 2010″, I prefer to “contribute 1 valuable message every month in the year 2010 on howtze.com“. With a clear itemized small goals to support the overall big goal of Resolution 2010: Double The Income, Halves The Works, I am able to monitor the progress as everything is able to benchmarked by numbers (quantifiable).

So, the million dollar question for you is : do you set a clear goal and monitor your progress every month?

To your success!

With love, respect and abundant blessings always,
How Tze
Automated Internet Business

面对现实生活的逼迫，与挣钱过程中的压力，心酸或无奈，让许多人潜意识中排斥金钱，对金钱持有负面，消极，悲观甚至逃避的态度。

1。是不是潜意识中急于摆脱某种无形的压力与束缚，让人们更容易陷入金钱游戏陷阱中（快速致富诈骗，赌博，非法金钱游戏等）？

2。我尊重并欣赏一群即勤劳又老实的社会劳作者。他们对社会的贡献是值得敬重的。我所关注的是，除了正确的财务教育外（如：农民思想的智慧），是否可以有一个更好、更公平的社会财富/资源分配系统，既可以：

i。奖励为社会创造实体价值与贡献的人们，又可以
ii。减少甚至杜绝好逸恶劳，不事生产的寄生虫，以及
iii。避免权力集中，导致人为的、系统化地掌控，甚至欺压社会某一群体的现象出现

——————————————————————
“在钱出现之前，人类作为狩猎者漉浪，靠土地和大海为生。基本上，上帝和大自然提供了我们生存所需要的任何东西。但随着人类文明程度的提高，以及交易货物和服务的不方便，金钱变得越来越重要。今天，那些有能力“控制金钱”的人比仍在交换货物和服务的人更有力量。换句话说，钱接受了这场游戏（就是因为人们需要钱换回生活必需的货物和服务）。”
~ 给孩子力量，在给他们金钱以前
——————————————————————
少数能理解这个系统（支票货币和信用货币）的人，要么是对这个系统所产生的利润非常感兴趣，要么就是非常依赖这个系统的施舍（政治家），这个阶层的人是不会反对我们的。另一方面，绝大多数的人氏在智力上不足以理解基于这个系统所衍生出的资本所带来的巨大优势，他们将承受压迫而且毫无怨言，甚至一声都不会怀疑这个系统损害了他们的利益。 ~ Mayor Rothschild， 1863
The unfair advantage
http://howtze.blogspot.com/2009/07/unfair-advantage.html
——————————————————————

Good Morning! It’s the first day of Oct 2009, and the first day of the last quarter of 2009.

What Have YOU Achieved The Last 90 Days that is making your life better, creating values to others and making the living in this Planet a wonderful thing ? (be it big or small, it counts)

I would like to recommend a good idea for you in our near mid-life (33 lor….) : F.R.E.E.D.O.M.

I am not going to sell you anything now, and the only thing you may “buy” is the idea to be a freeman, and it is FREE.

Financial Freedom, Time Freedom, Geographical Freedom.…

Financial Freedom, Time Freedom, Geographical Freedom

Financial Freedom
= Income > Expenses, FOREVER

Time Freedom
= No such thing as alarm clock, No traffic jams to work and back home (every working days!), wake up naturally 睡觉睡到自然醒, retirement doesn’t have to be at age 55 or even more than that

Geographical Freedom
= Work ANYWHERE and receive payments ANYWHERE (it’s possible with businesses that could leverage on the internet to deliver services - mostly virtual products), buy houses and stay in places that is NOT RESTRICTED or DETERMINED by where your job is. Travel around the world as a traveller, and not a tourist, while income still coming in.

If Retire Young Retire Rich is such a good idea, why should not we go for it ?
(rich doesn’t restricted to measurement merely by money or wealth, it covers soul, health, good relationships and many other valueables)

The keys ? Autonomy, Mastery and Purpose.

1. Autonomy – The urge to direct our own lives.
2. Mastery – The desire to get better and better at something that matters.
3. Purpose – The yearning to do something that we do in the service of something larger than ourselves.

I wrote the eBook (link below) while travelling and living in some cities in Asia looking for answers few years back.

If you got time, read through and hope it brings some value to you, as a sharing from an old friend:
http://www.slideshare.net/howtze/how-tze-101-i-thought-you-no-need-to-work

如果別人工作你也工作，別人休息你也休息，別人娱乐你也娱乐，那么別人得到什么，你也只能得到什么。
要想得到別人得不到的東西，就得付出別人不愿付出的東西。尤其是在你还年轻的时候，还有机会竞争的时候。

With love & respect, and abundant blessings always,
How Tze
Business Club

It had been 43 days past the 2010 New Year celebration. What had you done in the past 43 days that could have made your life better? I had made my Resolution 2010: Double The Income, Halves The Works, and is working in achieving this wonderful goal.

If you made a new year resolution of “an article a day” in your content publishing business (i.e. posting just 1 article a day) and do this simple and easily achievable task everyday since first day of 2010, your website would have got 43 articles by now. If each article makes you $0.10 a day in adsense revenue, you are making $4.30 a day now (~ MYR 14.50 a day).

Of course, this could be an over simplified example, but the point here is : Developing a passive residual income will take some perseverance. The steps to getting it done are not difficult, but it requires one thing many people will not put in — consistency.

To further illustrate the point stated above, let’s look at the Law of Large Numbers.

The Law of Large Numbers

I am going to show you a very important business concept here. Let’s look at wikipedia’s definition for the Law of Large Numbers:

“In probability theory, the law of large numbers (LLN) is a theorem that describes the result of performing the same experiment a large number of times. According to the law, the average of the results obtained from a large number of trials should be close to the expected value, and will tend to become closer as more trials are performed.”

Now, let’s look at some important words and the ideas of : “Prospects, Conversion Rate, Clients, No. of Purchase, Purchase Value, and Business Revenue” as shown in the table below.

* Table extracted from promotional effectiveness article. As you can see, an increase of 50% in each section will give a result of +500% in revenue!

So, how do these 2 things could apply to your internet business?

If you had been with me on my coaching / training session, this article would serve as a review for you.

THINK.

There is this book called “Think and Grow Rich”, and not “Do and Grow Rich”. And Henry Ford does said, “Thinking is the hardest thing to do that’s why so few gentlemen engaged to it.”

Wish you luck and success in your journey to freedom.

Gong Xi Fa Cai and have a prosperous Tiger year ahead!

Eureka! (Used to express triumph upon finding or discovering something.)

With love, respect and abundant blessings always,
How Tze
Automated Internet Business

完善的公共交通枢纽有系统与有目的的把人口稠密住宅区、商业活动区与娱乐休闲区连接起来，达成一石多鸟的效益：
1。时间效益
2。环保
3。缓和城市交通拥挤
4。经济与金融效益

一个有效率和值得信赖的公共交通系统，不止让人们不用每天浪费时间在上下班的塞车时段（从而可以腾出更多时间从事有生产力的工作、陪伴家人或促进邻里关系），也顺道减轻塞车造成的精神与心理压力。

汽车使用量的减少，让市中心交通拥挤现象可以减低的同时，也减低整体碳排量（可能为未来货币单位铺路），为环保尽一份绵力。

经济与金融效益可以参考的资料：
铁路实际上是在一片土地打开一个通道，这些土地向各行各业的开发者出售，从而将各种各样的生产、加工、贸易活动集中到铁路沿线。正是这种商业活动创造了铁路运输的需求，而这种需求支付了铁路的建设成本和运作成本，并为铁路创造效益。这才是铁路金融的精华。

最重要的是：理论永远是靠人去实践的，实践理论的人有着自己的利益格局，如何将理论的目标与实践者的利益结合在一起，这是伟大的政治家与伟大的思想家之间重要的区别。

在现实社会中，实践从不按照理论的逻辑来发展，因为实践理论的人，永远遵循的是利益的游戏规则。理论对于实践的作用，必须通过符合实践理论的人群所墨守的利益游戏规则才能得以真正实现。