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what I need to do ...

  • Continious learning -unlearn as necessary
  • Reach out to family & loves ones
  • Maintain fitness - strong core and clear IPPT
  • Pick up parenting skills
  • Save up and plan for renovation
  • Build passive business & investment income
  • Back up Data
  • Manage $ Cash flow
  • Learn sinan mori

Sunday, April 3, 2011

Rich vs. Middle Class

I was at a fair and picked up the following sharing from the speaker Dennis.

  • The rich don't ask 20 questions like a middle class when it comes to making an investment.
  • The rick asks 2 simple questions - (1) what is the upside? (2) What is the downside?
  • If the upside is about [ 4 multiply the downside ] they  invest, if not they don’t.
  • The rich was once a disaster who learnt, of course unless he or she has silver spoon, 
  • The middle class want to be debt free while the rich borrows to get richer.

 According to Dennis, most rich people make stock and property investment.



Quotes

  • You are your thoughts.The thoughts in your head are what institute the laws of attraction. You think therefore you are. - Joe Vitalli, The Laws of Attraction
  • Don't react blatantly in Anger and become a Zero - Papati
  • Don't miss out in the learning values of problems by over-looking the root causes but starting at the occurences - Raj
  • You can do almost anything if you have a steady income. Little or much, what matters is that you can count it, month after month.Without the regular flow of funds, you will be constantly distracted from you goals - Norm & Bo
  • Time is greater than money, you can never really buy time. Don't let time slip away. - Raj
  • Ignore technology advancement and you will either be left behind or you have to fork out more - Raj
  • Without passion nothing happens in life but without compassion the wrong things happen - Jan Eliasson
  • The poorer you are the more you need to plan and act wisely. Any undesired outcome you have little resource to manoeuvre.
  • “Life changes when you least expect it to. The future is uncertain. So, seize this day, seize this moment, and make the most of it.”
  • To get to where you want to go in life you must start from where you are - Tan
  • Maturity does not come with age,it comes with the acceptance of responsibilities - Tan

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