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Tuesday, May 26, 2009

Achieve Abundance of Wealth and Prosperity by Using Money Affirmation

Today, I would like to share with you all something different, something that I've come across quite lately and been practising it myself and surprisingly it works! Don't ask me how, I only understand half of it (hopefully) and still struggling to understand the rest of it. So, if you want a further understanding, you should contact Mr. Hari or his team of volunteers from IRAH- HOME OF HEALING who are there just to serve mankind with unconditional love.

Ok, coming back to the topic of today - Money Affirmation.

The self- heal Money Affirmation is meant for all who are seeking for abundance of wealth and prosperity in their lives.This affirmation is also for those who are suffering from financial woes such as debts and constant worries about the lack of money. Frequent repetition will lead to believe and thereby the manifestation of wealth.

I am thankful, for abundance of wealth is flowing into my life.
I am thankful for the comfort, freedom and joy in spending and enjoying money.

I am thankful for money is flowing freely in my life, trusting in whatever ways it comes to me.
Thank you for the abundance of wealth and the freedom and joy to spend and enjoy money easily.

Thank you for Blessing My Life with Love, Joy and Abundance.

Hope you readers benefit from this as well as I did. If I remember it correctly, Mr. Hari mentioned to me that if you think of wanting something, your state of mind will be conditioned to that state permanently and that's what you will be - wanting something.

Instead, try to imagine and affirm that you've already got what you wanted and thank for what you've received. Slowly your mind will begin to believe that you've already got it and that's what you'll have.

Again, if you have the how's and why's jumping up and down your head, better head over to irah-healing and talk to the right people. They would be more than happy to serve you.

When it is a question of money, everybody is of the same religion. ~Voltaire

Friday, May 22, 2009

Making Money With High Returns

Just received an sms from a long lost school time friend. It reads like this:

"Hi mate, I know you are busy making money to sustain monthly operations, enjoy life to the fullest and save for the good OLD days yet to come. So, 18 to 30% per year returns. Solid, secure & safe. Oh yes, legal, ethical and simple. Money makes money. 1.5 to 2.5% monthly return. Minimum RM2500. Think about that. Try moving from a 2.5% per year FD saver to a 2.5% per month investor. You are still young, you can't afford not to."

What do you guys think about this? As for me, it is another one of those get rich quick schemes. Somehow, these guys have very good marketeers and convince others easily. Pay attention to the words "...Solid, secure & safe. ... legal, ethical and simple". All the words needed for you to part with your money. But at the end when you realise that you have been conned, these words won't mean anything to you, will they?

Wednesday, May 20, 2009

Pointers For Unit Trust Investments

Please understand that Unit Trust (U.T.)/Mutual Funds is for long term investment only. It not for getting rich quick, neither it is for getting huge returns. However, it can be used as a very good tool against inflation.

Below are few pointers that you should keep in mind before making your decision:
  • never allow your emotions to control you when making investment, whether the market is doing very well or very badly.
  • you should be prepared to wait for AT LEAST 5 years to see your returns from your investments.
  • as the market now is quite volatile and many people are losing their jobs, make sure that you have at least 6 months of salary in savings,to prepare for rainy days (just in case..)
  • always add in whatever amount you can afford on a regular basis into your investment to get a better average pricing of your units-also known as Dollar Cost Averaging (DCA).
Whether you are opting for the high risk or low risk fund depends on the duration you have for investment, objective of your investment, etc. Generally speaking, people who are nearing retirement should go for the lower risk fund as compared to younger investors. But still, this can change as each individual's risk appetite varies.

Monday, May 18, 2009

Want To Get-Rich-Quick? Think Again..

When talking about about good investment tools, I should not forget to mention the growing number of ponzi or get-rich-quick schemes that is coming in all sorts of forms. These masterminds that create them use different kinds of techniques and strategies to get people involved in it. Somehow, in between the legal investment machineries, these schemes manage to squeeze in and play with the emotions of its victims- GREED and FEAR.

For the last months, I've been hearing about some Gold Investment Scheme, supposedly backed up by some established goldsmith in town. They are giving 3% a month, which totals to 36% annually. You also get to keep the gold you purchased. But the catch seems to be they only give you the gold after 2-3 months.Why that long? Figure out yourself...

Then comes another scheme - with envelopes. You buy 5 postal money orders and send out to the company, and within a few weeks, you will get back more postal money orders that you can cash in.

Another version that I heard was even better. This guy used the idea of selling each pixel on his monitor (the idea that made the original person to be an instant millionaire from the use of Internet), but incorporated some get-rich-quick philosophies into it. So, you get to have a pixel on the company's website and then when you get downlines of your own, you are paid certain amount for your effort to bring in those victims!

And I'm sure more and more schemes such as these will be mushrooming soon as the economy is still in a daze and people are looking out for ways to make money. As I mentioned earlier, we succumb to our greed and fears, especially when we are in a desperate situation. Again, we have to discipline ourselves not to fall for any of these tricks. If you do, you are sure to lose your investments!

Tuesday, May 12, 2009

Passive Income Earning Jobs

Last weekend, unofficially, the topic of discussion at home with my wife and a couple of friends were "The Career Path of Their Children". Even though that seemed a long long way to go for me, the entire group had actually created a strong mental picture of what they wanted their children to become in the future.

No doubt that nowadays parents are more liberal in letting their kids to choose the career of their choice and it seemed that these young parents are eager to give their opinions and ideas or simply said- 'brainwashing sessions' - before they allowed their children to have the final say. But what was most surprising to me was the fact that the list of jobs that came up. And guess what? At the top most was the most prestigious career (still) according to them - DOCTORS.
And what am I (and most pf bloggers) doing here talking about passive income and early retirement? We (includes this particular group of friends) talk and preach till our mouths go dry about having income without working and yet when coming to their children's career planning ( or financial planning) they do the total opposite. Who does not know the long working hours of a doctor and the stress that they have to undergo. A consultant gynaecologist that I know of has really made it BIG that he even has built his own hospital. But the sad part is that he still has to come work because patients come to him because of HIM and not because of his hospital. In fact he is almost reaching his seventies now and he is highly appreciated for his skills and expertise in his field.

It certainly is nice to be appreciated, but the sad part is you've got to work till you drop dead!On the other hand, people who have built their careers on jobs like financial planners or insurance agents or even Multi-Level-Marketing (MLM) agents get to enjoy their lives as well as earn a good income to sustain it. What is the point of having tonnes of money when you can't enjoy it? I would definitely not choose studying medicine for my kid if given a choice.

Am I right in my decision? Or am I making a mistake here? I would love to get a feedback from you guys..

Thursday, May 7, 2009

Good Investments in Times of Uncertainty

Everywhere I turned to the whole of last month there was talk of the Malaysian Government's additional units of Amanah Saham Wawasan and Amanah Saham Malaysia being launched (unit trust).

In these times of uncertain economic conditions, good investments have been a little hard to come by. The Government, in an attempt to raise funds for various projects came up with a variety of financial instruments and in return to its people, a reasonable rate of returns. Anyway, the current FD rate still stands at a measly 2%.Another benefit of this special unit trust schemes are that they are capital protected. So, if you invest 10K now, you will definitely have a minimum of 10K when you decide to withdraw your investments. And in the past few years, the trend shows that they are giving out 7%-8% of interest.

Most of the allocated units were snapped up during the first day of its launch. Luckily or not, since the government has set a quota based on race (yeah, it stinks to read this, I agree!!!) only the allocation for the Chinese were completely sold out. For the Malays and Indians, it took a bit longer to convince them to invest. Maybe the Chinese community has been better exposed to financial education all along, so they quickly grab the opportunities that come their way.

Considering all these factors, who wouldn't want to invest in an attractive investment vehicles such as this?

Wednesday, May 6, 2009

Survey: Most Malaysians ill prepared for retirement

Another timely (maybe a little late for some!) article I found published in the papers regarding retirement preparation or rather the lack of it, among Malaysians.


KUALA LUMPUR: The majority of Malaysians are not only ill prepared for retirement, but are also unconcerned about financial security in their twilight years, according to an independent survey commissioned by Prudential Assurance Malaysia Bhd.

The Prudential Retire-Meter 2007 survey revealed that as much as over 80% of its 1,038 respondents were indifferent about having an ample coffer to lead a reasonably comfortable life after retirement.

Only 34% were saving regularly for retirement,” said Prudential chief executive officer Tan Kar Hor.

“The survey shows that Malaysians clearly know what they want to do when they retire, but the majority are not actively planning for their retirement.

“When Malaysians stop working, they want to travel, spend time with the family and be more involved with the community. Financial security is crucial to fulfil these dreams.

“However, it is startling to learn from our survey that only 34% of Malaysians are putting money aside regularly for their retirement funds,” Tan told reporters after launching the survey’s findings on Wednesday.

He added that an alarming 60% of the people interviewed were found to be ignorant of how much they would need to save for their retirement.

“They believe that they just save as much as they can now and hope that they would have enough to cover their retirement needs,” he said.

Tan noted that only 42% of the retirees surveyed said they were confident that they had enough to cover all their retirement needs, while 37% planned to return to the workforce.

source: The Star,Wednesday August 8, 2007