1) 2 sales person, 1 male & 1 female, Yin & Yang, both is the best formula than 1 male & 1 male or 1 female & 1 female. Everything is part of a higher order.
2) You can delegate someone to force you to read a book.
3) When your Intention is positive, the Result/Outcome will be positive.
4) Choose the words carefully when you label yourself, because it determines who you are. E.g. say, I am a friendly, happy, optimistic person with drive and energy.
5) Don't let what you think you are, determine who you are.
6) You can find peace anywhere you go.
7) If we say, "We can understand God," then it means we don't understand God.
8) Words have Power. When you say you are going to do it, within a week, you can get it done.
9) When you commit to all those small little promises to yourself, it means you are building up faith a small step at a time.
10) When you break your own promises, don't beat yourself up. Let it go, forgive yourself and don't beat yourself up.
11) Do what you need to do and don't have expectations. When you have expectations, you have pain and guilt.
12) Life is about Experiences!
13) Do different things differently and your life expands.
14) The moment you can set a goal, means there is a solution.
15) If you can think of a problem, there is a solution!
16) Most people keep changing Targets! Make a Real Decision!
17) The Law of Accumulation works. Make a decision and stick to it.
18) Once you are synchronized, then you'll attract people and energy.
Tuesday, October 11, 2011
Tuesday, July 26, 2011
Progress, No Matter What by David Cross
=========================================
Article by the Expert: Progress, No Matter What
by David Cross
Article by the Expert: Progress, No Matter What
by David Cross
=========================================
I make it a point to follow up with everyone who asks me a
question about setting up an Internet business. It takes me
just a few seconds, and it usually motivates them to take
action.
Usually. But not always. After my most recent follow-up e-mail
to "Bob," for example, I received this response...
"Hi David,
"Sorry, we've been having challenges with infrastructure here
in paradise. Internet is more off than on. Our landline was
just fixed this week. It has been down since June 22. There
was a major fire at the power plant 2 weeks ago. And to add to
the festivities, I was assaulted by a crackhead who, I am
told, was turned into a zombie by some Haitian voodoo curse.
(I couldn't make this stuff up.) I am about to leave for
Albuquerque to visit my son and grandchildren. I haven't seen
them since my son's commissioning with the Air Force 8 years
ago. I am anxious to get going with my website. But, as you
can see, there have been a few distractions."
The last time I followed up with Bob, he had a few other
"distractions" that were preventing him from starting his Web
business (though none as interesting as being attacked by a
voodoo-cursed crackhead).
What I can't seem to get Bob to recognize is that achieving
success in your Internet business (or anything else) is not a
place you suddenly arrive at. It's part of a process. And it's
formed by a habit. A habit of doing something to progress
toward your goal every day, no matter what. I am not saying
that the "challenges" of day-to-day life won't throw you
off-kilter. But in the time it took Bob to write and explain
why he hadn't yet made a start, he could have made a start.
Just Do It!
Now is the time to start anything -- not necessarily a
brand-new business. It could be starting something new with an
Internet business you're already operating. Maybe advertising
on Facebook... using video on your website... or sending a
follow-up e-mail series to your subscribers.
For the online entrepreneur, now is always the time to make
improvements. To do more of something that's working; to stop
doing something that's not.
But when you have a long list of things you want to try...
how do you know what to focus on first?
The answer to that is easy. Focus on the one that will
generate the most results that most closely match the core
purpose of your business or your stated conversion goal.
Let's say your primary purpose is to build an e-mail list and
market to that list. In that case, what would give you the
best return on your investment of time and money? Should you
do paid search advertising? Write more articles? Build a new
shopping cart? Or test landing pages?
In my experience, you should begin with a combination of paid
search advertising and writing articles designed to drive
organic ("free") search engine traffic to a simple landing
page. On the landing page, you offer a free report on your
chosen topic. People who are interested in your topic sign up.
You deliver the report. You then e-mail them ongoing
information -- and offers -- related to that same topic.
You could get all of this set up with one day of focused
effort. You could start right now by spending just one hour to
open your Google AdWords account and create a single ad.
You say you can't find even one extra hour to work on your
Internet business? What about some of the time you spend idly
surfing the Web? Or watching television? According to a recent
Veronis Suhler Stevenson's Communications Industry Forecast
and Report, the average American spends 1,745 hours watching
television in a typical year. That works out to 145 hours a
month -- more than six full days in front of the TV every
month, or slightly less than five hours a day.
You cannot alter the fact that there are only 24 hours in a
day, but you can change the way you use them. So figure out
how to use some of those hours to make progress on your
Internet business goals. Do it now. There's no excuse not to.
question about setting up an Internet business. It takes me
just a few seconds, and it usually motivates them to take
action.
Usually. But not always. After my most recent follow-up e-mail
to "Bob," for example, I received this response...
"Hi David,
"Sorry, we've been having challenges with infrastructure here
in paradise. Internet is more off than on. Our landline was
just fixed this week. It has been down since June 22. There
was a major fire at the power plant 2 weeks ago. And to add to
the festivities, I was assaulted by a crackhead who, I am
told, was turned into a zombie by some Haitian voodoo curse.
(I couldn't make this stuff up.) I am about to leave for
Albuquerque to visit my son and grandchildren. I haven't seen
them since my son's commissioning with the Air Force 8 years
ago. I am anxious to get going with my website. But, as you
can see, there have been a few distractions."
The last time I followed up with Bob, he had a few other
"distractions" that were preventing him from starting his Web
business (though none as interesting as being attacked by a
voodoo-cursed crackhead).
What I can't seem to get Bob to recognize is that achieving
success in your Internet business (or anything else) is not a
place you suddenly arrive at. It's part of a process. And it's
formed by a habit. A habit of doing something to progress
toward your goal every day, no matter what. I am not saying
that the "challenges" of day-to-day life won't throw you
off-kilter. But in the time it took Bob to write and explain
why he hadn't yet made a start, he could have made a start.
Just Do It!
Now is the time to start anything -- not necessarily a
brand-new business. It could be starting something new with an
Internet business you're already operating. Maybe advertising
on Facebook... using video on your website... or sending a
follow-up e-mail series to your subscribers.
For the online entrepreneur, now is always the time to make
improvements. To do more of something that's working; to stop
doing something that's not.
But when you have a long list of things you want to try...
how do you know what to focus on first?
The answer to that is easy. Focus on the one that will
generate the most results that most closely match the core
purpose of your business or your stated conversion goal.
Let's say your primary purpose is to build an e-mail list and
market to that list. In that case, what would give you the
best return on your investment of time and money? Should you
do paid search advertising? Write more articles? Build a new
shopping cart? Or test landing pages?
In my experience, you should begin with a combination of paid
search advertising and writing articles designed to drive
organic ("free") search engine traffic to a simple landing
page. On the landing page, you offer a free report on your
chosen topic. People who are interested in your topic sign up.
You deliver the report. You then e-mail them ongoing
information -- and offers -- related to that same topic.
You could get all of this set up with one day of focused
effort. You could start right now by spending just one hour to
open your Google AdWords account and create a single ad.
You say you can't find even one extra hour to work on your
Internet business? What about some of the time you spend idly
surfing the Web? Or watching television? According to a recent
Veronis Suhler Stevenson's Communications Industry Forecast
and Report, the average American spends 1,745 hours watching
television in a typical year. That works out to 145 hours a
month -- more than six full days in front of the TV every
month, or slightly less than five hours a day.
You cannot alter the fact that there are only 24 hours in a
day, but you can change the way you use them. So figure out
how to use some of those hours to make progress on your
Internet business goals. Do it now. There's no excuse not to.
About the Expert:
David Cross is a veteran Internet marketing expert who has
worked closely with Early to Rise and Agora for many years. He
is also a featured expert in ETR's Internet Money Club.
worked closely with Early to Rise and Agora for many years. He
is also a featured expert in ETR's Internet Money Club.
Friday, July 15, 2011
Are you sure you are "nice"? Or are you just scared?
Are you sure you are "nice"?
This article originated from CourageGym.
Tuesday, July 5, 2011
5 Ways to Make Hard Decisions a Little Easier - by Yanik Silver
=========================================
Article by the Expert: 5 Ways to Make Hard Decisions
a Little Easier - by Yanik Silver
Article by the Expert: 5 Ways to Make Hard Decisions
a Little Easier - by Yanik Silver
=========================================
Yesterday, my wife Missy woke up with her stomach in knots.
Clara, the woman who'd been cleaning our house for the past
two years, was becoming more and more unreliable. Sometimes
she called to say she'd be late - but sometimes she just
didn't show up at all. Not only that, but she was doing a
terrible job.
"I should probably fire her," Missy said. "Then again... she's
been working for us for a long time. And she used to be so
good. Maybe if I talk to her..."
Missy knew she had to do something about this problem, but had
been procrastinating for weeks. And watching her agonize over
it got me thinking about "tough" decisions - the kind we all
struggle with.
It seems to be easier to keep putting them off... but that
just prolongs the discomfort.
Whenever I've had a decision weighing on my mind, it's kept
nagging at me. But when I finally made the hard call, it was
never as bad as I had worked it up to be. In fact, I've found
that the longer you chew on it, the worse it gets.
Thinking back, there are two vivid examples that spring to
mind...
Breaking Away From My Dad's Business...
One of the biggest decisions I ever had to make was whether or
not to leave my father's business. I started working with him
when I was 14. And I fully intended to stay with him and help
grow the company - a medical equipment sales and service
business. But I got the "itch" to go on my own in 1998.
That's when I started experimenting with information
marketing.
At first, I spun off of my dad's business by selling
information to plastic surgeons on how to get more patients.
And my dad was pretty flexible. He let me use his office as my
home base while I was still working for him. Then he let me
take Fridays off so I had more time to work on my own
projects.
The idea that I was somehow "betraying" him and the family
business was eating me up. I knew my heart was no longer into
it, and I had to break away. My dad expected me to work with
him side-by-side until he retired. But I couldn't continue to
live my life based on someone else's expectations. I had to do
what was right for me. So, nine years ago, I made the decision
to leave the company.
Looking back, it was by far the best decision I ever made for
my financial future.
Attending My First Seminar...
To get my business off the ground, I had been learning a lot
about direct marketing. And when I got an invitation to a
copywriting seminar in Phoenix, I was tempted. This was back
in October 1998. But because the seminar was so expensive, I
almost passed up this opportunity that I later realized was
the turning point in my business (and bank account).
My fledging information marketing business had been pulling in
maybe $2,000 or $3,000 per month. No great shakes. So I was
understandably hesitant to spend several thousand dollars and
miss several days of work (both of which I couldn't afford) in
order to attend the seminar.
My dad thought I would be a fool to go. He chided me (in his
thick Russian accent) "Mr. Yanik, why do you want to throw
away your money. If you have so much of it, I can help you get
rid of it. Don't you already have enough of these books and
tapes?"
But I bit the bullet and went. Another tough - but smart -
decision.
Frankly, if I had listened to my dad, I know I wouldn't be
anywhere near where I am today. I can directly trace the
moment when everything "clicked" for me and I "got it" to that
seminar. That's when I discovered the power of how to use
words and turn them into cash windfalls.
I've found that people regret things they don't do much more
than things they do. That's not how I want to live my life -
brooding over "shouldas" "couldas" or "wouldas."
In fact, I believe that most of our "tough" decisions aren't
really so tough. But the longer it takes for us to get off the
fence and take action, the more we magnify them in our own
heads.
With that in mind, here are five simple things to try when you
are having trouble making a decision:
Decision-Making Method #1: Think about the worst-case
scenario.
What is the worst possible thing that can happen if you make
the wrong decision? It almost certainly won't happen - but
even if it does, you can probably live with it. When I was
torturing myself over going off on my own, for example, I had
wild thoughts of my father disowning me. Of course, he didn't
do that. He may have been disappointed, but he didn't flip
out.
Decision-Making Method #2: Listen to your gut.
This is huge! Don't try to rationalize your way out of making
the decision. You've got good instincts. Take advantage of
them.
Decision-Making Method #3: Give yourself a deadline.
If you give yourself an indefinite amount of time to decide on
a course of action, you'll never do it. Not to mention, you'll
drive yourself crazy! Think of yourself as the high-powered
CEO of your own life - an executive who MUST make decisions
quickly.
Decision-Making Method #4: Visualize your ideal
Clara, the woman who'd been cleaning our house for the past
two years, was becoming more and more unreliable. Sometimes
she called to say she'd be late - but sometimes she just
didn't show up at all. Not only that, but she was doing a
terrible job.
"I should probably fire her," Missy said. "Then again... she's
been working for us for a long time. And she used to be so
good. Maybe if I talk to her..."
Missy knew she had to do something about this problem, but had
been procrastinating for weeks. And watching her agonize over
it got me thinking about "tough" decisions - the kind we all
struggle with.
It seems to be easier to keep putting them off... but that
just prolongs the discomfort.
Whenever I've had a decision weighing on my mind, it's kept
nagging at me. But when I finally made the hard call, it was
never as bad as I had worked it up to be. In fact, I've found
that the longer you chew on it, the worse it gets.
Thinking back, there are two vivid examples that spring to
mind...
Breaking Away From My Dad's Business...
One of the biggest decisions I ever had to make was whether or
not to leave my father's business. I started working with him
when I was 14. And I fully intended to stay with him and help
grow the company - a medical equipment sales and service
business. But I got the "itch" to go on my own in 1998.
That's when I started experimenting with information
marketing.
At first, I spun off of my dad's business by selling
information to plastic surgeons on how to get more patients.
And my dad was pretty flexible. He let me use his office as my
home base while I was still working for him. Then he let me
take Fridays off so I had more time to work on my own
projects.
The idea that I was somehow "betraying" him and the family
business was eating me up. I knew my heart was no longer into
it, and I had to break away. My dad expected me to work with
him side-by-side until he retired. But I couldn't continue to
live my life based on someone else's expectations. I had to do
what was right for me. So, nine years ago, I made the decision
to leave the company.
Looking back, it was by far the best decision I ever made for
my financial future.
Attending My First Seminar...
To get my business off the ground, I had been learning a lot
about direct marketing. And when I got an invitation to a
copywriting seminar in Phoenix, I was tempted. This was back
in October 1998. But because the seminar was so expensive, I
almost passed up this opportunity that I later realized was
the turning point in my business (and bank account).
My fledging information marketing business had been pulling in
maybe $2,000 or $3,000 per month. No great shakes. So I was
understandably hesitant to spend several thousand dollars and
miss several days of work (both of which I couldn't afford) in
order to attend the seminar.
My dad thought I would be a fool to go. He chided me (in his
thick Russian accent) "Mr. Yanik, why do you want to throw
away your money. If you have so much of it, I can help you get
rid of it. Don't you already have enough of these books and
tapes?"
But I bit the bullet and went. Another tough - but smart -
decision.
Frankly, if I had listened to my dad, I know I wouldn't be
anywhere near where I am today. I can directly trace the
moment when everything "clicked" for me and I "got it" to that
seminar. That's when I discovered the power of how to use
words and turn them into cash windfalls.
I've found that people regret things they don't do much more
than things they do. That's not how I want to live my life -
brooding over "shouldas" "couldas" or "wouldas."
In fact, I believe that most of our "tough" decisions aren't
really so tough. But the longer it takes for us to get off the
fence and take action, the more we magnify them in our own
heads.
With that in mind, here are five simple things to try when you
are having trouble making a decision:
Decision-Making Method #1: Think about the worst-case
scenario.
What is the worst possible thing that can happen if you make
the wrong decision? It almost certainly won't happen - but
even if it does, you can probably live with it. When I was
torturing myself over going off on my own, for example, I had
wild thoughts of my father disowning me. Of course, he didn't
do that. He may have been disappointed, but he didn't flip
out.
Decision-Making Method #2: Listen to your gut.
This is huge! Don't try to rationalize your way out of making
the decision. You've got good instincts. Take advantage of
them.
Decision-Making Method #3: Give yourself a deadline.
If you give yourself an indefinite amount of time to decide on
a course of action, you'll never do it. Not to mention, you'll
drive yourself crazy! Think of yourself as the high-powered
CEO of your own life - an executive who MUST make decisions
quickly.
Decision-Making Method #4: Visualize your ideal
outcome.
This is an exercise I learned from my friend John Harricharan.
He calls it the "Power Pause." It takes three minutes - one
minute to think about what you want to happen... one minute to
think about how good you'll feel when it does happen... and
one minute to calm yourself down by thinking about what you
are already grateful for in your life.
Decision-Making Method #5: The Band-Aid solution.
You know how painful it can be to pull off a bandage
(especially for those of us who are kind of hairy)? Well, the
secret is to pull it off quickly. Nothing is worse than
paralysis by analysis. You'll never have all the information
you need to make the perfect decision. Do the best you can
with what you've got. Then move on.
And here's a bonus tip: When all else fails, flip a coin.
That's how I decided the time had come for me to propose to
Missy!
By the way, in case you're wondering what Missy decided to do
about Clara... she gave her a call and simply told her we
weren't going to be able to use her anymore. Much to Missy's
surprise, Clara was relieved. It seems that there's another
family much closer to her own neighborhood that she's been
wanting to work for, and she was happy to have us free up a
day for her.
There you go - all that angst and gut-wrenching turmoil could
have been avoided simply by making the decision to fire Clara
weeks ago.
This is an exercise I learned from my friend John Harricharan.
He calls it the "Power Pause." It takes three minutes - one
minute to think about what you want to happen... one minute to
think about how good you'll feel when it does happen... and
one minute to calm yourself down by thinking about what you
are already grateful for in your life.
Decision-Making Method #5: The Band-Aid solution.
You know how painful it can be to pull off a bandage
(especially for those of us who are kind of hairy)? Well, the
secret is to pull it off quickly. Nothing is worse than
paralysis by analysis. You'll never have all the information
you need to make the perfect decision. Do the best you can
with what you've got. Then move on.
And here's a bonus tip: When all else fails, flip a coin.
That's how I decided the time had come for me to propose to
Missy!
By the way, in case you're wondering what Missy decided to do
about Clara... she gave her a call and simply told her we
weren't going to be able to use her anymore. Much to Missy's
surprise, Clara was relieved. It seems that there's another
family much closer to her own neighborhood that she's been
wanting to work for, and she was happy to have us free up a
day for her.
There you go - all that angst and gut-wrenching turmoil could
have been avoided simply by making the decision to fire Clara
weeks ago.
About the Expert:
Yanik Silver is an established internet marketing expert,
having been in business online since 1998. He believes you can
make more, have more fun, and give more back!
having been in business online since 1998. He believes you can
make more, have more fun, and give more back!
Tuesday, June 28, 2011
Byproduct Potential by Mark Foo
=========================================
Power Thought of the Week: Byproduct Potential
by Mark Foo
Power Thought of the Week: Byproduct Potential
by Mark Foo
=========================================
Sometimes the things we want are not gotten directly.
They come as a byproduct of some action we take and we don't
even realize it.
For example, you may be looking actively for a great business
idea with no luck.
You then go out to eat with your friends and you ask your
friend to expand on an idea in conversation.
And that leads to the birth of that business idea you were so
actively seeking directly.
Every action we take, even if it's not directly related to
what we want to achieve, has BYPRODUCT POTENTIAL.
Always remember that.
Every action you take directly or indirectly in terms of
achieving your goals has the potential to give you what you're
looking for.
And you'll recognize it when you least expect it.
They come as a byproduct of some action we take and we don't
even realize it.
For example, you may be looking actively for a great business
idea with no luck.
You then go out to eat with your friends and you ask your
friend to expand on an idea in conversation.
And that leads to the birth of that business idea you were so
actively seeking directly.
Every action we take, even if it's not directly related to
what we want to achieve, has BYPRODUCT POTENTIAL.
Always remember that.
Every action you take directly or indirectly in terms of
achieving your goals has the potential to give you what you're
looking for.
And you'll recognize it when you least expect it.
Sunday, June 12, 2011
Some say "Opposite Attracts", while others say, "Like Attracts Like, Based on the Law of Attraction". What's the Difference?
I understand that most people have a confusion in this area. I have consulted in experienced life and business coaches. Therefore, I discovered some things about it. I'll show you why and how people can get confused and then I'll explain the differences between them.
Let me give you an example.
In a scenario, especially in a relationship scene, you may have heard or seen occasionally that "opposites attract". Well, it is pretty true too.
Then in another scenario, those motivational speakers like to say, "what you think or see in your mind, you will achieve it." It means that you will attract what you see in your mind's eye. "It's the Law of Attraction", "Like Attracts Like" so as they always say.
But why this contradiction? and how does one explain?
Ok, I will just do my best to explain the difference of both scenarios based on what I personally learned and understand from those more "enlightened" people/coaches/mentors around me.
When we say, "Opposites Attract", it is more of "Matter". E=mc sq --> is "Matter" (meaning more tangible)
For "Law of Attraction", it is energy-based. Thus, Like Attracts Like.
Well, for those who may be interested in reading about The Secret, Law of Attraction.
You can get it Hardcopy of The Secret from Amazon. Or you may be interested in checking out the Secrets Of The Secret .
Let me give you an example.
In a scenario, especially in a relationship scene, you may have heard or seen occasionally that "opposites attract". Well, it is pretty true too.
Then in another scenario, those motivational speakers like to say, "what you think or see in your mind, you will achieve it." It means that you will attract what you see in your mind's eye. "It's the Law of Attraction", "Like Attracts Like" so as they always say.
But why this contradiction? and how does one explain?
Ok, I will just do my best to explain the difference of both scenarios based on what I personally learned and understand from those more "enlightened" people/coaches/mentors around me.
When we say, "Opposites Attract", it is more of "Matter". E=mc sq --> is "Matter" (meaning more tangible)
For "Law of Attraction", it is energy-based. Thus, Like Attracts Like.
Well, for those who may be interested in reading about The Secret, Law of Attraction.
You can get it Hardcopy of The Secret from Amazon. Or you may be interested in checking out the Secrets Of The Secret .
Thursday, May 26, 2011
Internet Empire Mastery Seminar 11th -12th Jun 2011 by Patricia & Calvin!
Hi Friends,
Recently, I chanced upon a REALLY cool event called Internet Empire Mastery Seminar which teaches you how to create a business out of your hobby. Now, it’s not to create just any business but an ONLINE business.
I know many people are finding it tough to cope with the rising costs and are looking for extra forms of employment and income. But it isn’t easy to find extra jobs when we only have 24 hours a day and most of our time is spent on our 9-5 job. So I find it exceptional appealing to create an online business. And it’s definitely time to explore the options of earning income online.
This seminar is a two day seminar during the June school holidays where you will learn from Calvin Woon and Patricia Lin, who have received many good reviews after their sold out seminar last year. This time, they are going to reveal proven steps to running an online business so you can model after their success formula. On top of that, you get to make new friends and have fun while you learn at the seminar. There’s a limited number of seats so I got my ticket on the spot.
I really suggest that you check out and not miss out on this incredible opportunity, visit http://internetempiremasteryseminar.com/dap/a/?a=40 now.
Hope to see you there. Let me know if you are going!
Cheers, Lina =D
Recently, I chanced upon a REALLY cool event called Internet Empire Mastery Seminar which teaches you how to create a business out of your hobby. Now, it’s not to create just any business but an ONLINE business.
I know many people are finding it tough to cope with the rising costs and are looking for extra forms of employment and income. But it isn’t easy to find extra jobs when we only have 24 hours a day and most of our time is spent on our 9-5 job. So I find it exceptional appealing to create an online business. And it’s definitely time to explore the options of earning income online.
This seminar is a two day seminar during the June school holidays where you will learn from Calvin Woon and Patricia Lin, who have received many good reviews after their sold out seminar last year. This time, they are going to reveal proven steps to running an online business so you can model after their success formula. On top of that, you get to make new friends and have fun while you learn at the seminar. There’s a limited number of seats so I got my ticket on the spot.
I really suggest that you check out and not miss out on this incredible opportunity, visit http://internetempiremasteryseminar.com/dap/a/?a=40 now.
Hope to see you there. Let me know if you are going!
Cheers, Lina =D
Tuesday, May 10, 2011
Understand the Mental Power when you WANT & NEED something, and Find Out How to Attract Them to You Today!
==============================================
Article by the Expert: The Best Advice a Father Can Give
by Matt Furey
==============================================
It hit me like a ton of bricks.
I couldn't believe I'd missed it before. I'd read the book
many, many times - but this time was different. A secret was
revealed to me - and today I'm going to give it to you.
If you are open and receptive to what you are about to read,
you can expect a major breakthrough.
Here it is:
"Psychologist David Seabury says that the best piece of advice
his father ever gave him was to practice positive mental
imagery - immediately and 'on cue,' so to speak, whenever he
became aware of negative feelings. Negative feelings literally
defeated themselves by becoming a sort of 'bell' which set off
a conditioned reflex to arouse positive states of mind."
Now read that passage again. It comes from the 35-million-copy
bestseller, Psycho-Cybernetics. Pay particular attention to
the words "the best piece of advice his father ever gave him."
Why? Because whenever something is "the best piece of advice"
someone can give you - especially your father - you know it's
got to be good.
In reading this passage, I not only see it as the best advice
I can give my son - but myself, and everyone I teach at my
seminars and in my coaching programs.
Many people wonder why I am always so calm, cool, and
collected. Many wonder how I am able to speak before a crowd
in such a nonchalant, totally relaxed way and still have
everyone totally riveted.
It's mostly because I have no thoughts of resistance when I
speak. I'm not concerned about offending anyone. I'm not even
trying to get people to like me. I am simply ME, take it or
leave it.
Very few people are like this. They're always trying to figure
out how to get others to approve of them or like them. Not
good. Because the more you NEED others to like you the less
they will like you.
Same goes with money. The more you NEED it, the more it will
stay away from you. Money and friends go where they are wanted
- not where they are needed. There is a world of difference
between want and need. One attracts. The other repels.
Want comes from a vibration of "I'm happy already and I'd like
to have this, too." Need comes from a vibration of "I'm
miserable and frustrated and I need this thing to make me
happy."
Become aware of negative NEED feelings when they arise. And
when they do, learn, through practice, to have those feelings
immediately trigger the thought to change your vibration into
a "feel good" one.
Most people have never been taught to do this by their fathers
- or by anyone else. They've been taught to set goals, to have
a burning desire, to be optimistic and have a positive
attitude.
But what do you do when you look at the state of your finances
and you feel bad? What do you do when the reality of your
situation begins to ruin your day? What do you do when you're
feeling frustrated, fearful, and worried? You do what Dr.
Seabury's father told him to do... and what I'm telling you
to do.
First, you "recognize" that you are feeling bad.
Second, you understand that this "feel bad" vibration REPELS
what you say you want. Your want is not a want. It's a need
that comes with the expectation that something outside of
yourself will make you happy.
Third, you recognize that this "feel bad" imagery sends a
signal to the Universe that you cannot be happy "for no
particular reason." And that's not good.
There is a balancing act between having a burning desire and
having a desire that burns you.
Having a burning desire creates the necessary mindset that
will attract the thing you want. On the other hand, if the
desire is connected to "I'm miserable unless I have this thing"
- then you are chasing success and that success will always
run faster than you do.
Your objective is to attract success, not chase it. Chasing
success is repelling success. You never get what you are
chasing.
Several years ago, a man sent me an e-mail in which he accused
me of "chasing the almighty dollar." He was wrong. At that
point in my life, I couldn't even form a mental image of
myself doing what he said I was doing.
When I did chase the almighty dollar - and I did it for years
- I had no money. When I stopped chasing and learned to
attract it, it flowed into my life so fast I was nearly
knocked over.
The forces of attraction and repulsion are always at play.
Whether you attract more than you repel or repel more than you
attract is simply a matter of how strong those forces are. If
your repelling energy is stronger, you go deeper into debt. If
your attraction energy is stronger, you get wealthier. If both
are equally strong, you feel "stuck."
Now the question is... what do you do if you are repelling
more than you're attracting?
The answer:
1. You change the way you feel by changing the mental
Article by the Expert: The Best Advice a Father Can Give
by Matt Furey
==============================================
It hit me like a ton of bricks.
I couldn't believe I'd missed it before. I'd read the book
many, many times - but this time was different. A secret was
revealed to me - and today I'm going to give it to you.
If you are open and receptive to what you are about to read,
you can expect a major breakthrough.
Here it is:
"Psychologist David Seabury says that the best piece of advice
his father ever gave him was to practice positive mental
imagery - immediately and 'on cue,' so to speak, whenever he
became aware of negative feelings. Negative feelings literally
defeated themselves by becoming a sort of 'bell' which set off
a conditioned reflex to arouse positive states of mind."
Now read that passage again. It comes from the 35-million-copy
bestseller, Psycho-Cybernetics. Pay particular attention to
the words "the best piece of advice his father ever gave him."
Why? Because whenever something is "the best piece of advice"
someone can give you - especially your father - you know it's
got to be good.
In reading this passage, I not only see it as the best advice
I can give my son - but myself, and everyone I teach at my
seminars and in my coaching programs.
Many people wonder why I am always so calm, cool, and
collected. Many wonder how I am able to speak before a crowd
in such a nonchalant, totally relaxed way and still have
everyone totally riveted.
It's mostly because I have no thoughts of resistance when I
speak. I'm not concerned about offending anyone. I'm not even
trying to get people to like me. I am simply ME, take it or
leave it.
Very few people are like this. They're always trying to figure
out how to get others to approve of them or like them. Not
good. Because the more you NEED others to like you the less
they will like you.
Same goes with money. The more you NEED it, the more it will
stay away from you. Money and friends go where they are wanted
- not where they are needed. There is a world of difference
between want and need. One attracts. The other repels.
Want comes from a vibration of "I'm happy already and I'd like
to have this, too." Need comes from a vibration of "I'm
miserable and frustrated and I need this thing to make me
happy."
Become aware of negative NEED feelings when they arise. And
when they do, learn, through practice, to have those feelings
immediately trigger the thought to change your vibration into
a "feel good" one.
Most people have never been taught to do this by their fathers
- or by anyone else. They've been taught to set goals, to have
a burning desire, to be optimistic and have a positive
attitude.
But what do you do when you look at the state of your finances
and you feel bad? What do you do when the reality of your
situation begins to ruin your day? What do you do when you're
feeling frustrated, fearful, and worried? You do what Dr.
Seabury's father told him to do... and what I'm telling you
to do.
First, you "recognize" that you are feeling bad.
Second, you understand that this "feel bad" vibration REPELS
what you say you want. Your want is not a want. It's a need
that comes with the expectation that something outside of
yourself will make you happy.
Third, you recognize that this "feel bad" imagery sends a
signal to the Universe that you cannot be happy "for no
particular reason." And that's not good.
There is a balancing act between having a burning desire and
having a desire that burns you.
Having a burning desire creates the necessary mindset that
will attract the thing you want. On the other hand, if the
desire is connected to "I'm miserable unless I have this thing"
- then you are chasing success and that success will always
run faster than you do.
Your objective is to attract success, not chase it. Chasing
success is repelling success. You never get what you are
chasing.
Several years ago, a man sent me an e-mail in which he accused
me of "chasing the almighty dollar." He was wrong. At that
point in my life, I couldn't even form a mental image of
myself doing what he said I was doing.
When I did chase the almighty dollar - and I did it for years
- I had no money. When I stopped chasing and learned to
attract it, it flowed into my life so fast I was nearly
knocked over.
The forces of attraction and repulsion are always at play.
Whether you attract more than you repel or repel more than you
attract is simply a matter of how strong those forces are. If
your repelling energy is stronger, you go deeper into debt. If
your attraction energy is stronger, you get wealthier. If both
are equally strong, you feel "stuck."
Now the question is... what do you do if you are repelling
more than you're attracting?
The answer:
1. You change the way you feel by changing the mental
picture you have of your situation.
Every time you feel a negative emotion, you sound the alarm in
your head. "Uh, oh. Not good. Change the mental picture to a
positive one." You do this over and over, and before long the
feel-bad vibe lasts less than a second and you're back to
feeling good.
2. You begin each day with exercises that help you go
Every time you feel a negative emotion, you sound the alarm in
your head. "Uh, oh. Not good. Change the mental picture to a
positive one." You do this over and over, and before long the
feel-bad vibe lasts less than a second and you're back to
feeling good.
2. You begin each day with exercises that help you go
through the whole day without resistance.
You don't just read inspirational messages and books. You
stand in front of the mirror and tell yourself what you want.
You picture what you want when you speak. You recall previous
successes and link them to your future.
3. You have a burning desire in mind, a goal.
You don't expect the goal to give you happiness. You don't let
the desire for it burn you by feeling bad that you don't yet
have it. In fact, even though you WANT the goal, you are able
to "walk away" from it emotionally. If, for example, you want
more money - you don't expect more money to give you
happiness. You simply want more money - and you put yourself
into happiness mode NOW.
If you're happy even though you don't yet have in your
possession the thing you want - then you are attracting it
to you.
If you're unhappy because you don't yet have in your
possession the thing you NEED - then you are repelling it.
So get happy NOW.
Recognize that fear, frustration, and angst are only there to
help you change course. They're there to help you see that
your mental picture is off-target. Put the right mental image
back onto the screen of your mind and watch how the Universe
lines things up in your favor.
About the Expert:
Matt Furey, an internationally recognized expert in
You don't just read inspirational messages and books. You
stand in front of the mirror and tell yourself what you want.
You picture what you want when you speak. You recall previous
successes and link them to your future.
3. You have a burning desire in mind, a goal.
You don't expect the goal to give you happiness. You don't let
the desire for it burn you by feeling bad that you don't yet
have it. In fact, even though you WANT the goal, you are able
to "walk away" from it emotionally. If, for example, you want
more money - you don't expect more money to give you
happiness. You simply want more money - and you put yourself
into happiness mode NOW.
If you're happy even though you don't yet have in your
possession the thing you want - then you are attracting it
to you.
If you're unhappy because you don't yet have in your
possession the thing you NEED - then you are repelling it.
So get happy NOW.
Recognize that fear, frustration, and angst are only there to
help you change course. They're there to help you see that
your mental picture is off-target. Put the right mental image
back onto the screen of your mind and watch how the Universe
lines things up in your favor.
About the Expert:
Matt Furey, an internationally recognized expert in
self-development, fitness, and martial arts, is president of
the Psycho-Cybernetics Foundation, Inc. With Matt's 101 Ways
to Magnetize Money, you can learn the REAL SECRETS of
financial success known only to the most prosperous men and
women who have ever lived.
the Psycho-Cybernetics Foundation, Inc. With Matt's 101 Ways
to Magnetize Money, you can learn the REAL SECRETS of
financial success known only to the most prosperous men and
women who have ever lived.
There is Great Power in the First Time - by Mark Foo
=========================================
Power Thought of the Week: There is Great Power in the
First Time - by Mark Foo
There's a first time for everything.
There was the first time Arnold picked up a weight.
There was the first time Christian Bale had an audition for a
movie.
There was the first time Oprah had her own TV show with a very
small audience.
There is great power in the first time and not a lot of people
realize this because they're too afraid to try it.
So go for it, even if it's your first time because in that
first time, lays the elements of courage, desire, and faith
that you will need in order to go the second time, and the
third, and the fourth, and the fifth until you pick up
everything you need along the journey, only to realize that it
was because of taking that first step, that you discovered
everything you ever needed came after it.
Power Thought of the Week: There is Great Power in the
First Time - by Mark Foo
=========================================
There's a first time for everything.
There was the first time Arnold picked up a weight.
There was the first time Christian Bale had an audition for a
movie.
There was the first time Oprah had her own TV show with a very
small audience.
There is great power in the first time and not a lot of people
realize this because they're too afraid to try it.
So go for it, even if it's your first time because in that
first time, lays the elements of courage, desire, and faith
that you will need in order to go the second time, and the
third, and the fourth, and the fifth until you pick up
everything you need along the journey, only to realize that it
was because of taking that first step, that you discovered
everything you ever needed came after it.
Tuesday, April 26, 2011
Article by the Expert: Success Loves Speed by Robert Ringer
=========================================
Article by the Expert: Success Loves Speed
by Robert Ringer
=========================================
I've written a lot about the importance of acting sooner rather
than later, without waiting to figure out everything in advance.
Human motivation certainly plays a role here. Nothing says this
more succinctly than marketing guru Joe Vitale's aphorism:
Money loves speed.
When I mentioned this in a recent teleseminar, one of the
callers asked if I could be more specific. He wanted to know
why money loves speed.
Before I answer that, let me say that this is not just true
about money. It's true in all areas of life. I don't recall
ever succeeding at something because I got there last.
* If you want to buy tickets from a scalper for a big game
that's sold out, get there first. Tickets love speed.
* If you want a job that you just found out about, get
there first. Jobs love speed.
* If you want to win the guy or gal who has your heart
pounding, get there first. Guys and gals love speed.
* If you want to get the investment property that just
came on the market, get there first. Investment
properties love speed.
And so on. Because success, in general, loves speed.
So, why does success love speed? The answer is to be found in
the dictionary. Action is defined as "the causation of change."
Whatever result you want, it's a change from what you now have.
By definition, then, a change has to take place for you to get
from your present status to that result.
Following are some of the more important reasons why I believe
action begets results.
1. When you do too much planning, there's a tendency to think
of one reason after another why what you're contemplating
won't work.
Many of the reasons you come up with may be correct. But the
important thing is that it doesn't matter. Why? Because, as
you move forward, circumstances continually change -- and
those changes often render irrelevant many of the concerns you
may have had before taking action. In other words, don't try
to figure out steps two, three, and four before taking step
one.
The legendary Joe Karbo once told me that he ran his first ad
for The Lazy Man's Way to Riches (a million-copy seller)
before he even began to write the book! In fact, he told me
that the ad he wrote served as an outline for the book itself.
Talk about going against conventional wisdom...
2. When you procrastinate, you tend to lose your enthusiasm.
Homeostasis -- the tendency to live with existing conditions
and avoid change -- sets in. You get comfortable with the way
things are and allow your great idea to fade into the comfort
zone of oblivion. But when you take action, your creative
juices flow faster, your resourcefulness kicks into high gear,
and the things, people, and circumstances you need to
accomplish your objectives are drawn to you almost like magic.
As a result, your motivation to succeed becomes elevated.
This is not hocus-pocus. I've done it enough times to be able
to assure you that it really works.
3. Even though changing circumstances often negate many
initial concerns you may have had, they can also place new
obstacles in your path.
If you wait too long before taking action, the opportunity may
become less and less appealing to you as those obstacles start
to make their appearance. I wrote about this danger in my book
To Be or Not to Be Intimidated? under the auspices of the
Fiddle Theory. The Fiddle Theory states: "The longer you
fiddle around with a deal, the greater the odds that it will
never close."
Time is your ally when you take action, but time is a
two-sided coin. If you hesitate or procrastinate, time becomes
your worst enemy. As a general rule, I assume that if I take
action, perceived problems will tend to disappear and that the
more I hesitate, the more time there is for new obstacles to
make their appearance.
4. Perhaps the most important reason of all for taking action
now is that time is finite.
No matter how proficient you are, you can only accomplish so
much in a lifetime. Every second that's wasted reduces the
totality of what you can accomplish by one second. Some people
maintain that a constant feeling of urgency to accomplish more
is stressful, but I find the opposite to be true. I feel more
stress when I procrastinate -- when I'm not doing what I know
I should be doing. There's not a worse feeling in the world
than to be conscious of the fact that your finite supply of
time is ticking away while you focus on straightening your
desk drawer.
Of course, nothing in life is perfect. There will be times
when moving too fast can end up hurting you. But, on balance,
the empirical evidence derived from my own experience has
convinced me that what I gain from moving fast far outweighs
the losses I may incur as a result of too little planning.
That being the case, when you fall -- and you will fall --
simply pick yourself up, dust yourself off, and take more
action. Success could care less about mistakes. Success loves
action -- and human motivation leads to action.
Article by the Expert: Success Loves Speed
by Robert Ringer
=========================================
I've written a lot about the importance of acting sooner rather
than later, without waiting to figure out everything in advance.
Human motivation certainly plays a role here. Nothing says this
more succinctly than marketing guru Joe Vitale's aphorism:
Money loves speed.
When I mentioned this in a recent teleseminar, one of the
callers asked if I could be more specific. He wanted to know
why money loves speed.
Before I answer that, let me say that this is not just true
about money. It's true in all areas of life. I don't recall
ever succeeding at something because I got there last.
* If you want to buy tickets from a scalper for a big game
that's sold out, get there first. Tickets love speed.
* If you want a job that you just found out about, get
there first. Jobs love speed.
* If you want to win the guy or gal who has your heart
pounding, get there first. Guys and gals love speed.
* If you want to get the investment property that just
came on the market, get there first. Investment
properties love speed.
And so on. Because success, in general, loves speed.
So, why does success love speed? The answer is to be found in
the dictionary. Action is defined as "the causation of change."
Whatever result you want, it's a change from what you now have.
By definition, then, a change has to take place for you to get
from your present status to that result.
Following are some of the more important reasons why I believe
action begets results.
1. When you do too much planning, there's a tendency to think
of one reason after another why what you're contemplating
won't work.
Many of the reasons you come up with may be correct. But the
important thing is that it doesn't matter. Why? Because, as
you move forward, circumstances continually change -- and
those changes often render irrelevant many of the concerns you
may have had before taking action. In other words, don't try
to figure out steps two, three, and four before taking step
one.
The legendary Joe Karbo once told me that he ran his first ad
for The Lazy Man's Way to Riches (a million-copy seller)
before he even began to write the book! In fact, he told me
that the ad he wrote served as an outline for the book itself.
Talk about going against conventional wisdom...
2. When you procrastinate, you tend to lose your enthusiasm.
Homeostasis -- the tendency to live with existing conditions
and avoid change -- sets in. You get comfortable with the way
things are and allow your great idea to fade into the comfort
zone of oblivion. But when you take action, your creative
juices flow faster, your resourcefulness kicks into high gear,
and the things, people, and circumstances you need to
accomplish your objectives are drawn to you almost like magic.
As a result, your motivation to succeed becomes elevated.
This is not hocus-pocus. I've done it enough times to be able
to assure you that it really works.
3. Even though changing circumstances often negate many
initial concerns you may have had, they can also place new
obstacles in your path.
If you wait too long before taking action, the opportunity may
become less and less appealing to you as those obstacles start
to make their appearance. I wrote about this danger in my book
To Be or Not to Be Intimidated? under the auspices of the
Fiddle Theory. The Fiddle Theory states: "The longer you
fiddle around with a deal, the greater the odds that it will
never close."
Time is your ally when you take action, but time is a
two-sided coin. If you hesitate or procrastinate, time becomes
your worst enemy. As a general rule, I assume that if I take
action, perceived problems will tend to disappear and that the
more I hesitate, the more time there is for new obstacles to
make their appearance.
4. Perhaps the most important reason of all for taking action
now is that time is finite.
No matter how proficient you are, you can only accomplish so
much in a lifetime. Every second that's wasted reduces the
totality of what you can accomplish by one second. Some people
maintain that a constant feeling of urgency to accomplish more
is stressful, but I find the opposite to be true. I feel more
stress when I procrastinate -- when I'm not doing what I know
I should be doing. There's not a worse feeling in the world
than to be conscious of the fact that your finite supply of
time is ticking away while you focus on straightening your
desk drawer.
Of course, nothing in life is perfect. There will be times
when moving too fast can end up hurting you. But, on balance,
the empirical evidence derived from my own experience has
convinced me that what I gain from moving fast far outweighs
the losses I may incur as a result of too little planning.
That being the case, when you fall -- and you will fall --
simply pick yourself up, dust yourself off, and take more
action. Success could care less about mistakes. Success loves
action -- and human motivation leads to action.
Tuesday, April 12, 2011
You Have More Courage Than You Think - by Noah St. John
================================================
Article by the Expert: You Have More Courage Than You
Think - by Noah St. John
Think - by Noah St. John
================================================
My fiancee Babette and I recently rented the "Karate Kid"
movie starring Jaden Smith and Jackie Chan.
She really really wanted to see it, but I was pretty sure it
was going to be cheeseball. I never saw the original, and was
fine with missing this remake.
But something happened while we were watching the movie. I
started to become emotionally involved with the characters:
Dre (played by Jaden), the small kid who is bullied by bigger,
older kids. And Mr. Han (Jackie Chan), the kung fu master
disguised as a maintenance man.
As the story played out, I realized it was not about punching
and kicking. It was about courage and love.
Now I realize this movie may, indeed, be kind of mawkish. But
I found myself moved to tears -- even when we watched it a
second time.
Afterward, I thought about the real-life Jaden Smith, son of
rapper turned TV star turned A-List movie star Will Smith.
I have been a Will Smith fan since the '90s. As a student of
success and its causes, I have studied him carefully, because
he has a unique claim to fame.
He is the only person who has hit the top of the charts in all
three major entertainment categories: music, TV, and movies.
Elvis didn't do it. Sinatra didn't. Madonna didn't. Mariah
Carey didn't.
Only Will Smith, the Fresh Prince from Philly, did it.
And watching Jaden on the screen, it's easy to see his father
in him. His facial expressions, mannerisms, even the way he
moves his mouth -- you can see his dad's influence.
That got me thinking about where courage really comes from.
Imagine how confident young Jaden must be to have someone like
Will Smith believing in him.
Of course, if you ask Will, I bet he'd tell you that Jaden has
more confidence than he himself had at that age.
And that's the way it should be. Will Smith built on the
example of his parents, who built on their parents, and so on.
The word courage comes from the Latin cor, "heart." And isn't
it interesting how many times we refer to the heart when
talking about people who act with both kindness and courage:
"He spoke from his heart."
"She's all heart."
"Follow your heart."
Follow your heart. It sounds so simple. And maybe it is
simple -- but it isn't always easy.
Sometimes following our heart is the last thing we want to
do -- because our HEAD tells us we're crazy!
For example, when I launched SuccessClinic.com in 1997, I had
no business skills, no money, no contacts, and no idea how to
run a profitable business.
Every day, I'd wake up and ask God, "Okay, God, what do you
want me to do today?"
Twelve years and tens of thousands of students later, we're
still here. And I'm still asking the same question. (Only I
have a little more experience and a lot more help these days.)
1. Listen to your still, small voice.
You know, the voice I mean. The one that doesn't make any
sense. The one telling you to take that leap and do the thing
that doesn't make any sense. That one.
2. Write down all your crazy ideas.
I'm not saying you should do all of them. But what the heck,
they're rattling around in your head anyway. Writing them down
gives you the chance to examine them and stop the rattling.
3. Share your crazy ideas with a Loving Mirror.
A Loving Mirror believes in you more than you believe in
yourself. Like Mr. Han did with Dre. Like Will did with Jaden.
Your mentors believe you into being.
4. DO SOMETHING.
Here's a great example: Most of the people who audition for
American Idol can't sing. But they have a dream, and at least
they showed up for it. They took action. They did something.
Sure, maybe they'll embarrass themselves. But it's better than
sitting around thinking, "If only I'da..."
And who knows? Someone's gotta win the thing.
5. Learn from people who've already been where you
movie starring Jaden Smith and Jackie Chan.
She really really wanted to see it, but I was pretty sure it
was going to be cheeseball. I never saw the original, and was
fine with missing this remake.
But something happened while we were watching the movie. I
started to become emotionally involved with the characters:
Dre (played by Jaden), the small kid who is bullied by bigger,
older kids. And Mr. Han (Jackie Chan), the kung fu master
disguised as a maintenance man.
As the story played out, I realized it was not about punching
and kicking. It was about courage and love.
Now I realize this movie may, indeed, be kind of mawkish. But
I found myself moved to tears -- even when we watched it a
second time.
Afterward, I thought about the real-life Jaden Smith, son of
rapper turned TV star turned A-List movie star Will Smith.
I have been a Will Smith fan since the '90s. As a student of
success and its causes, I have studied him carefully, because
he has a unique claim to fame.
He is the only person who has hit the top of the charts in all
three major entertainment categories: music, TV, and movies.
Elvis didn't do it. Sinatra didn't. Madonna didn't. Mariah
Carey didn't.
Only Will Smith, the Fresh Prince from Philly, did it.
And watching Jaden on the screen, it's easy to see his father
in him. His facial expressions, mannerisms, even the way he
moves his mouth -- you can see his dad's influence.
That got me thinking about where courage really comes from.
Imagine how confident young Jaden must be to have someone like
Will Smith believing in him.
Of course, if you ask Will, I bet he'd tell you that Jaden has
more confidence than he himself had at that age.
And that's the way it should be. Will Smith built on the
example of his parents, who built on their parents, and so on.
The word courage comes from the Latin cor, "heart." And isn't
it interesting how many times we refer to the heart when
talking about people who act with both kindness and courage:
"He spoke from his heart."
"She's all heart."
"Follow your heart."
Follow your heart. It sounds so simple. And maybe it is
simple -- but it isn't always easy.
Sometimes following our heart is the last thing we want to
do -- because our HEAD tells us we're crazy!
For example, when I launched SuccessClinic.com in 1997, I had
no business skills, no money, no contacts, and no idea how to
run a profitable business.
Every day, I'd wake up and ask God, "Okay, God, what do you
want me to do today?"
Twelve years and tens of thousands of students later, we're
still here. And I'm still asking the same question. (Only I
have a little more experience and a lot more help these days.)
1. Listen to your still, small voice.
You know, the voice I mean. The one that doesn't make any
sense. The one telling you to take that leap and do the thing
that doesn't make any sense. That one.
2. Write down all your crazy ideas.
I'm not saying you should do all of them. But what the heck,
they're rattling around in your head anyway. Writing them down
gives you the chance to examine them and stop the rattling.
3. Share your crazy ideas with a Loving Mirror.
A Loving Mirror believes in you more than you believe in
yourself. Like Mr. Han did with Dre. Like Will did with Jaden.
Your mentors believe you into being.
4. DO SOMETHING.
Here's a great example: Most of the people who audition for
American Idol can't sing. But they have a dream, and at least
they showed up for it. They took action. They did something.
Sure, maybe they'll embarrass themselves. But it's better than
sitting around thinking, "If only I'da..."
And who knows? Someone's gotta win the thing.
5. Learn from people who've already been where you
want to go.
Mr. Han was a kung fu master, but if Dre hadn't had the
courage to ask for his help, he still would have been beaten
up by bullies.
Find 5 people who've done what you want to do.
Contact them and show them how, why, and that THEY will
benefit from helping you.
Remember The Power of WIIFT: What's In It For THEM! Things get
very easy when you're always talking about how the OTHER
person benefits.
6. Ignore everyone else.
"The only people who can tell me I can't do something are
people who've tried it and failed."
People love to criticize, because it makes them feel important
and justifies their not taking action.
Ignore them, feel sorry for them, let their non-belief spur
you to more action. The only thing not to do is let them stop
you.
7. Do the thing you're afraid of.
Will Smith has said over and over: "When I'm afraid of
something, that's the thing I do next."
I loved it when Jaden's character in the movie said the same
thing, nearly word for word.
I know you've had the experience of being deathly afraid of
something...
Then you did it...
And went, "Hey, that wasn't so bad after all. What was I so
afraid of?"
Follow your heart and you'll discover that you have more
courage than you think.
What are you waiting for?
Mr. Han was a kung fu master, but if Dre hadn't had the
courage to ask for his help, he still would have been beaten
up by bullies.
Find 5 people who've done what you want to do.
Contact them and show them how, why, and that THEY will
benefit from helping you.
Remember The Power of WIIFT: What's In It For THEM! Things get
very easy when you're always talking about how the OTHER
person benefits.
6. Ignore everyone else.
"The only people who can tell me I can't do something are
people who've tried it and failed."
People love to criticize, because it makes them feel important
and justifies their not taking action.
Ignore them, feel sorry for them, let their non-belief spur
you to more action. The only thing not to do is let them stop
you.
7. Do the thing you're afraid of.
Will Smith has said over and over: "When I'm afraid of
something, that's the thing I do next."
I loved it when Jaden's character in the movie said the same
thing, nearly word for word.
I know you've had the experience of being deathly afraid of
something...
Then you did it...
And went, "Hey, that wasn't so bad after all. What was I so
afraid of?"
Follow your heart and you'll discover that you have more
courage than you think.
What are you waiting for?
About the Expert:
Noah St. John, Ph.D., is a lifestyle expert and #1 bestselling
author of The Secret Code of Success: 7 Hidden Steps to More
Wealth and Happiness. In the words of Stephen Covey, "Noah's
Secret Code of Success is about discovering within ourselves
what we should have known all along -- we are truly powerful
beings with unlimited potential."
Find out more about The Secret of Success at
author of The Secret Code of Success: 7 Hidden Steps to More
Wealth and Happiness. In the words of Stephen Covey, "Noah's
Secret Code of Success is about discovering within ourselves
what we should have known all along -- we are truly powerful
beings with unlimited potential."
Find out more about The Secret of Success at
Sunday, April 10, 2011
Learn & Share: Things about You & Your Partners that Cost Your Biz Forever by David Kwan
Hi Everyone,
I attend David Kwan's session yesterday, which was more of a casual sharing session held at Makarios @ Drama Centre - National Library at 7pm. This was the agenda of the session. See below.
Here's some of the things You'll Get:
► Uncover & Tap on Your own Hidden Biz Potentials Instantly
► #1 Costly Misperception that Most Entrepreneurs made about themselves & their Biz Partners
► 3 Killer Mistakes You made unknowingly with You & Your Biz Partners that slow, stop & kill your Bizs Forever
► Direct & Practical Insights that You can apply to Start & Grow Your Biz
► Real Business Opportunities for You to Grab and Explore Quickly
► Network & Connect with like-minded Biz People who will support You & Your Biz
This "Learn & Share" session is for Biz People who're Committed to:
► Take Serious & Massive Action to Start or/and Grow their Biz
► Learn Real & Practical Biz Insights & Apply them to their Bizes Quickly
► Share & Explore Biz Possibilities with Opened Hearts & Opened Minds
► Create Great Value for everyone now and the future meetups, sessions & workshops
Once everyone done their introductions, David Kwan then introduced himself.
Here's his story:
David Kwan started his first business 9 years ago. They were a group of 5 partners working together. Then in the first 3 months, the first big project came within the first 3 months.
Profits was very good, and thought that this was the big thing!
But what happened was, the business went into trouble. Not because of business. Profits were good.
It was the conflict among partners, thus the business died.
A lady who runs 3 businesses, commented, "Before one even considers starting a business with their partners. Before signing any contract, it is very important to trash out any differences, opinions or disagreements. Do not keep to yourself. If not, eventually in the future, when there are some disagreements, your relationship will break and your entire efforts that you put into business is wasted."
Now, David told us to do this first activity: Write down the qualities of your perfect business partner.
1) Intelligent (knows how to strategize)
2) Integrity
3) Passion & Drive to succeed
.... blah blah...
After all the discussion about the perfect business partner, David said that doesn't that sound like looking for a Man-Women Relationship. Well, all these qualities may not come true in your business partner.
Business is also about Timing. You need to Capitalise on the market direction.
- Going against market direction/trend just makes it harder to make money.
3 Mistakes People Make When Choosing Their Business Partners
Mistake #1: We tend to choose our family, friends, community and relatives to go into business with us.
David said, "Business is a weird game, that we get everybody in and die together with us. We ask everybody to put in some money & then if business die, all die together."
Business is a tough game to play, only 90% of businesses survive after their first year. Those businesses that survive after the first year, only 90% of them managed to survive through their 5th year.
We may have our goals and vision in business. But there may be the occasional big contract that may get you so worked up and excited that it may get you off your track and be distracted.
Thus, you need to focus and keep on to your track and move progressively. Don't take on projects that you will not have the capacity to manage even though the money may seem good.
David Kwan mentioned about the Backbone behind a successful business will need:
A) Cashflow
B) Net Profit
C) Business System
Mistake #2: People tend to choose partners who are technicians.
Example: People in IT business, then to have an IT wizard partner. People in the F&B business, tend to have a chef partner.
At least one of the partners must have a business mindset. We may want to let what these people who have strengths in work in areas where they are strong in. If he is good being a chef, then let him be a chef and respect & acknowledge his position.
You can't get an Engineer to become an Artist. You can't get an Musician to become an Engineer.
Mistake #3: People tend to work with partners who are similar to yourself.
You need to have partners to serve different functions or certain roles in a business.
Find Partners who has same vision as you.
-Everybody wherever they are, will always think they are working the hardest.
-If you want to earn more, think of how you can innovate or add value to the company.
-Each person in the company usually think that they work alot but earn little.
David shared a Story of 3 Monks who went together and found a very old deserted temple.
All 3 monks have their own thoughts and ideas about how to get more people to come here to pray.
1st monk - thinks that he needs to market and give out flyers so people will come to pray
2nd monk - thinks that the temple lack content to teach, so create more scriptures to give out.
3rd monk - thinks that temple is not clean and poor design, & starts to clean the temple and do the structure.
Soon after, people start to come in to the temple and started praying more often.
Then one fine day, the monks started to talk among themselves and start becoming calculative about who put in more efforts. Everyone said that they put in more effort than the other. Eventually, they quarrelled and left the temple and the temple went back to its old deserted state again.
Moral of Story: Nobody is right or wrong. Individually they are right, but everyone is wrong.
Now you have 5 fingers that make a fist, every finger big or small plays a part to create that full fist. Imagine if you lost any one of your fingers, all your other fingers will be slightly uncomfortable. That's because, it still takes 5 fingers to create a fist. No one wins, when one of them is gone. All will be affected in some way.
David said, "In business, you need a System to Communicate."
People needs to understand when he do what, what the other guy is doing etc. They need to understand the purpose of why they are doing certain tasks and the purpose of achieving it.
In Business, there are a few key roles and you need to understand who is doing the Operations, Marketing and Administration.
4 Things to Take Note of to Run a Successful Business
1) How Feasible (Ride on Trend)
2) How Profitable (how to get more customers, more sales & profit)
3) How Sustainable is your business
4) Why you and your Team
After the sharing session, David Kwan also shared with me on some business issues. He said that in business, you need to strategize to WIN First, Then Fight.
Not Fight first to Win.
In Business, the odds of failure is too high.
There are ways to set your business to start so strong that Failure Is Not An Option for you even when you have strong competitions, no cash and few customers.
Don't waste you and your friends resources to test whether you can succeed or fail. Once you start, you start all the conditions so you won't fail. Otherwise, don't start at all.
Time is Luxury and Speed is an Essence.
I told him that I seem to have many things on hand, and David said, "List down all you activities.
Break them into:
"Easy to Do", "Not Easy to Do", "Important for Direct Results", "Not Important for Direct Results", "Urgent" & "Not Urgent"
Some of the tasks may be in more than 1 category.
#1) Do the tasks on "Important", "Easy to Do" & "Urgent".
#2) Next work on "Important", "Not Easy", "Urgent"
That's all folks! Hope this is good value to some of you!
Cheers:)
I attend David Kwan's session yesterday, which was more of a casual sharing session held at Makarios @ Drama Centre - National Library at 7pm. This was the agenda of the session. See below.
Here's some of the things You'll Get:
► Uncover & Tap on Your own Hidden Biz Potentials Instantly
► #1 Costly Misperception that Most Entrepreneurs made about themselves & their Biz Partners
► 3 Killer Mistakes You made unknowingly with You & Your Biz Partners that slow, stop & kill your Bizs Forever
► Direct & Practical Insights that You can apply to Start & Grow Your Biz
► Real Business Opportunities for You to Grab and Explore Quickly
► Network & Connect with like-minded Biz People who will support You & Your Biz
This "Learn & Share" session is for Biz People who're Committed to:
► Take Serious & Massive Action to Start or/and Grow their Biz
► Learn Real & Practical Biz Insights & Apply them to their Bizes Quickly
► Share & Explore Biz Possibilities with Opened Hearts & Opened Minds
► Create Great Value for everyone now and the future meetups, sessions & workshops
The whole event started at about 7.30pm. There were about 20 persons who attended.
For the start, everyone did their introduction - Name, what are they doing, & why they are here.
David mentioned that this meetup although in a casual setting, is for serious entrepreneurs.
Once everyone done their introductions, David Kwan then introduced himself.
Here's his story:
David Kwan started his first business 9 years ago. They were a group of 5 partners working together. Then in the first 3 months, the first big project came within the first 3 months.
Profits was very good, and thought that this was the big thing!
But what happened was, the business went into trouble. Not because of business. Profits were good.
It was the conflict among partners, thus the business died.
A lady who runs 3 businesses, commented, "Before one even considers starting a business with their partners. Before signing any contract, it is very important to trash out any differences, opinions or disagreements. Do not keep to yourself. If not, eventually in the future, when there are some disagreements, your relationship will break and your entire efforts that you put into business is wasted."
Now, David told us to do this first activity: Write down the qualities of your perfect business partner.
1) Intelligent (knows how to strategize)
2) Integrity
3) Passion & Drive to succeed
.... blah blah...
After all the discussion about the perfect business partner, David said that doesn't that sound like looking for a Man-Women Relationship. Well, all these qualities may not come true in your business partner.
Business is also about Timing. You need to Capitalise on the market direction.
- Going against market direction/trend just makes it harder to make money.
3 Mistakes People Make When Choosing Their Business Partners
Mistake #1: We tend to choose our family, friends, community and relatives to go into business with us.
David said, "Business is a weird game, that we get everybody in and die together with us. We ask everybody to put in some money & then if business die, all die together."
Business is a tough game to play, only 90% of businesses survive after their first year. Those businesses that survive after the first year, only 90% of them managed to survive through their 5th year.
We may have our goals and vision in business. But there may be the occasional big contract that may get you so worked up and excited that it may get you off your track and be distracted.
Thus, you need to focus and keep on to your track and move progressively. Don't take on projects that you will not have the capacity to manage even though the money may seem good.
David Kwan mentioned about the Backbone behind a successful business will need:
A) Cashflow
B) Net Profit
C) Business System
Mistake #2: People tend to choose partners who are technicians.
Example: People in IT business, then to have an IT wizard partner. People in the F&B business, tend to have a chef partner.
At least one of the partners must have a business mindset. We may want to let what these people who have strengths in work in areas where they are strong in. If he is good being a chef, then let him be a chef and respect & acknowledge his position.
You can't get an Engineer to become an Artist. You can't get an Musician to become an Engineer.
Mistake #3: People tend to work with partners who are similar to yourself.
You need to have partners to serve different functions or certain roles in a business.
Find Partners who has same vision as you.
-Everybody wherever they are, will always think they are working the hardest.
-If you want to earn more, think of how you can innovate or add value to the company.
-Each person in the company usually think that they work alot but earn little.
David shared a Story of 3 Monks who went together and found a very old deserted temple.
All 3 monks have their own thoughts and ideas about how to get more people to come here to pray.
1st monk - thinks that he needs to market and give out flyers so people will come to pray
2nd monk - thinks that the temple lack content to teach, so create more scriptures to give out.
3rd monk - thinks that temple is not clean and poor design, & starts to clean the temple and do the structure.
Soon after, people start to come in to the temple and started praying more often.
Then one fine day, the monks started to talk among themselves and start becoming calculative about who put in more efforts. Everyone said that they put in more effort than the other. Eventually, they quarrelled and left the temple and the temple went back to its old deserted state again.
Moral of Story: Nobody is right or wrong. Individually they are right, but everyone is wrong.
Now you have 5 fingers that make a fist, every finger big or small plays a part to create that full fist. Imagine if you lost any one of your fingers, all your other fingers will be slightly uncomfortable. That's because, it still takes 5 fingers to create a fist. No one wins, when one of them is gone. All will be affected in some way.
David said, "In business, you need a System to Communicate."
People needs to understand when he do what, what the other guy is doing etc. They need to understand the purpose of why they are doing certain tasks and the purpose of achieving it.
In Business, there are a few key roles and you need to understand who is doing the Operations, Marketing and Administration.
4 Things to Take Note of to Run a Successful Business
1) How Feasible (Ride on Trend)
2) How Profitable (how to get more customers, more sales & profit)
3) How Sustainable is your business
4) Why you and your Team
After the sharing session, David Kwan also shared with me on some business issues. He said that in business, you need to strategize to WIN First, Then Fight.
Not Fight first to Win.
In Business, the odds of failure is too high.
There are ways to set your business to start so strong that Failure Is Not An Option for you even when you have strong competitions, no cash and few customers.
Don't waste you and your friends resources to test whether you can succeed or fail. Once you start, you start all the conditions so you won't fail. Otherwise, don't start at all.
Time is Luxury and Speed is an Essence.
I told him that I seem to have many things on hand, and David said, "List down all you activities.
Break them into:
"Easy to Do", "Not Easy to Do", "Important for Direct Results", "Not Important for Direct Results", "Urgent" & "Not Urgent"
Some of the tasks may be in more than 1 category.
#1) Do the tasks on "Important", "Easy to Do" & "Urgent".
#2) Next work on "Important", "Not Easy", "Urgent"
That's all folks! Hope this is good value to some of you!
Cheers:)
Saturday, April 9, 2011
Review of 'Secrets of Property Millionaires' by Rayney Wong (Part 2)
Below is the details, continued from the previous blog post, http://beinspiredbeachampion.blogspot.com/2011/04/review-of-secrets-of-property.html
Chapter 5 - Property Sharing Arrangements (cont'd)
Methods of Property Sharing
3) Pte Ltd Companies
-Inconvenience of incorporating a Private Co & running it.
-Having to obtain corporate loans
Benefits: You'll treat property investment as a genuine business.
Property Sharing Agreement - Most significant clauses.
a) Name of Co & objectives - carry on a business as a property investment and property management Co.
b) Company's amount of paid-up capital for my property sharing companies.
-Every co-investor will be responsible through loans to Company for investment funds involved in the company's operations.
-Loan amount proportional to agreed shareholding.
-Once investment property sells, loan amounts returned to co-investors. After-tax profits paid to shareholders after co-tax is reserved.
c) Specified directors will have full power to manage the Company's business. Other shareholders shall not interfere with Company's management or with sale of any properties the company own.
d) Shareholding of each co-investor is clearly specified against their names.
e) Company shall neither lend or advance money nor guarantee the indebtedness of any person.
Chapter 6 - Using Private Limited Companies as Investment Vehicles
-Property Investment is a business.
-Never let yourself develop any emotional attachment to any property.
Have a Professional Corporate Secretarial Company to provide you accounting services, prices range from $1k to $2k.
Multiple Benefits through using P/L Company as Investment Vehicles
a) Fine terms of agreement between/among the property investors can be easily stated in a Company shareholders agreement.
-Any addition/reduction to such shareholding must be documented in the minutes of meetings and in official resolutions.
b) No great fear of a stalemate in event of death, bankruptcy etc affecting one of shareholders
- Company can continue to operate.
c) All expenses incurred by a Company in its management of the investment property are considered corporate tax deductible.
-Renovation and upgrading charges, maintenance bills electrical water supply.
-Even furnishings and electrical appliances can be written off as expenses via depreciation over a few years.
-This may not be the case if expenses are incurred by an individual owner of a property.
d) You can apply for your property holding private limited Company to be GST registered.
-Do this especially if you purchase commercial properties that require GST payment
e) Singapore corporate tax regime allows new Singapore incorporated startups to enjoy tax exemption for the first $100,000 of normal chargeable income for each of the company's first 3 consecutive financial years.
-A further 50% tax exemption is given on the next $200k of normal chargeable income in the same first 3 consecutive financial years.
-Effectively new startups with a net income of $100,000. Prevailing tax rate stands at 17%.
Chapter 7 - The Essence of Mortgage Planning
-Mortgage planning goes beyond a loan.
-Mortgage planning is a comprehensive financial blueprint of an investor's intended property purchase.
-Afterall, property purchase is all about affordability and budget.
Obtain Expert Advice by Alfred Chia, CEO of SingCapital Pte Ltd
-Engage a financial advisor, not only knowing mere info of latest bank mortgage loan packages.
-He/she should align recommended mortgage package to your financial plan.
The ABCs of Mortgage Planning
A for Affordability
-Must be financially able to pay deposit for your property purchase and enough funds to pay stamp duties and legal costs and GST (if applicable).
-You must also make provisions for payment of up to 12 months worth of management corporation maintenance fees, property tax, power and water supply charges.
-General Rule of Thumb: Your monthly home loan installments plus all your current long-term debts such as car loans and credit card rollovers, should not be more than 40% of your gross monthly income.
Debt-Servicing Ratio (DSR)
-varies from bank to bank.
-If your investment property has a rental income, the stamped tenancy agreement must be produced to enable the bank to assess your DSR.
- Most banks take account of only 70% of your rental income of your ability to service your monthly home loan instalments.
B for Budget
-Must take your other financial goals and commitments into consideration.
-Set realistic budgets
C for Credit
-Important to check how much you an borrow before you start shopping for a property.
-If you are setting out on the property investment path, I recommend you to secure on in-principle loan approved from a bank or financial institution.
Aka Approval In Principle (AIP)
-with principle loan approved confirmation in hand, you may then with certainty of the approved loan amount, seek out properties within your appropriate price range.
-AIP given based on investors financial standing.
-Your financial standing from Income Tax Statements for the past 2-3yrs, your payslips for the past 3-6mths, CPF statements for the past 12mths and other documents to show income such as tenancy agreements or bank statements.
-your DSR worked out taking into account your current and long-term debt situation.
-Good credit standing.
Types of Loan Packages
The Fixed Interest Rate Package
-Lock-in period usually up to 3 years. Penalty fee up to 1.5% of loan amount imposed.
The Floating or Market-Pegged Interest Rate Package
-Banks are more inclined to peg their floating interest rates loas to the Singapore InterBank Offer Rate (SIBOR) or Swap Offer Rate (SOR)
-Some do not impose any penalty.
The Interest Offset Mortgage Package
-Allows an investor to operate a current account that is linked to the mortgage loan account.
-The current account balance you maintain will enjoy the same interest rate as your mortgage loan account.
-The interest you pay on mortgage loan account will be offset bu the interest earned in the current account.
Cons: Interest rate for such a package usually higher.
Repricing or Refinancing Your Loan
-Though the process is not free, interest savings are substantial.
Property Valuation
-Valuation is both a science and an art.
-It's common for the purchase price of a property to exceed the property's valuation, so you have to set aside more cash.
Insure Yourself & Your Property
-When we own a property, we often focus on the positives - high appreciation and high returns.
-There is a tendency to ignore the "what if" elements.
"You buy insurance to protect your money. You spend a small amount of money on insurance to prevent spending a high amount on catastrophes."
-Owners can take up home content insurance and public liability insurance. The cost of replacement and repairs may be substantial.
Chapter 8 - Know Your Property, Know Your Sellers & Know Your Contract
Know Your Property - Must Know Your Property Facts
-The real estate agent, at the very least must know the details relating to the property.
Chapter 9 - Property Analysis
-Rayney advises young Singaporean friends to fully enjoy government's offer of new flats at subsidised prices or resale flats that come with grant of up to $40k.
-Citizenship has its privileges.
Property May Be a Mirage
-If you think you are going to make $100k profit for $1.5mil property. Don't forget stamp fees and legal costs.
Industrial Properties
-Leasehold land of up to 60 years.
-Lower psf compensates for the shorter leasehold.
-Businesses of your potential tenants and their reliability as good paymasters, cannot be ignored.
"Property investment is more than a profession, more than a discipline. It is a passion."
- Rayney Wong
Chapter 5 - Property Sharing Arrangements (cont'd)
Methods of Property Sharing
3) Pte Ltd Companies
-Inconvenience of incorporating a Private Co & running it.
-Having to obtain corporate loans
Benefits: You'll treat property investment as a genuine business.
Property Sharing Agreement - Most significant clauses.
a) Name of Co & objectives - carry on a business as a property investment and property management Co.
b) Company's amount of paid-up capital for my property sharing companies.
-Every co-investor will be responsible through loans to Company for investment funds involved in the company's operations.
-Loan amount proportional to agreed shareholding.
-Once investment property sells, loan amounts returned to co-investors. After-tax profits paid to shareholders after co-tax is reserved.
c) Specified directors will have full power to manage the Company's business. Other shareholders shall not interfere with Company's management or with sale of any properties the company own.
d) Shareholding of each co-investor is clearly specified against their names.
e) Company shall neither lend or advance money nor guarantee the indebtedness of any person.
Chapter 6 - Using Private Limited Companies as Investment Vehicles
-Property Investment is a business.
-Never let yourself develop any emotional attachment to any property.
Have a Professional Corporate Secretarial Company to provide you accounting services, prices range from $1k to $2k.
Multiple Benefits through using P/L Company as Investment Vehicles
a) Fine terms of agreement between/among the property investors can be easily stated in a Company shareholders agreement.
-Any addition/reduction to such shareholding must be documented in the minutes of meetings and in official resolutions.
b) No great fear of a stalemate in event of death, bankruptcy etc affecting one of shareholders
- Company can continue to operate.
c) All expenses incurred by a Company in its management of the investment property are considered corporate tax deductible.
-Renovation and upgrading charges, maintenance bills electrical water supply.
-Even furnishings and electrical appliances can be written off as expenses via depreciation over a few years.
-This may not be the case if expenses are incurred by an individual owner of a property.
d) You can apply for your property holding private limited Company to be GST registered.
-Do this especially if you purchase commercial properties that require GST payment
e) Singapore corporate tax regime allows new Singapore incorporated startups to enjoy tax exemption for the first $100,000 of normal chargeable income for each of the company's first 3 consecutive financial years.
-A further 50% tax exemption is given on the next $200k of normal chargeable income in the same first 3 consecutive financial years.
-Effectively new startups with a net income of $100,000. Prevailing tax rate stands at 17%.
Chapter 7 - The Essence of Mortgage Planning
-Mortgage planning goes beyond a loan.
-Mortgage planning is a comprehensive financial blueprint of an investor's intended property purchase.
-Afterall, property purchase is all about affordability and budget.
Obtain Expert Advice by Alfred Chia, CEO of SingCapital Pte Ltd
-Engage a financial advisor, not only knowing mere info of latest bank mortgage loan packages.
-He/she should align recommended mortgage package to your financial plan.
The ABCs of Mortgage Planning
A for Affordability
-Must be financially able to pay deposit for your property purchase and enough funds to pay stamp duties and legal costs and GST (if applicable).
-You must also make provisions for payment of up to 12 months worth of management corporation maintenance fees, property tax, power and water supply charges.
-General Rule of Thumb: Your monthly home loan installments plus all your current long-term debts such as car loans and credit card rollovers, should not be more than 40% of your gross monthly income.
Debt-Servicing Ratio (DSR)
-varies from bank to bank.
-If your investment property has a rental income, the stamped tenancy agreement must be produced to enable the bank to assess your DSR.
- Most banks take account of only 70% of your rental income of your ability to service your monthly home loan instalments.
B for Budget
-Must take your other financial goals and commitments into consideration.
-Set realistic budgets
C for Credit
-Important to check how much you an borrow before you start shopping for a property.
-If you are setting out on the property investment path, I recommend you to secure on in-principle loan approved from a bank or financial institution.
Aka Approval In Principle (AIP)
-with principle loan approved confirmation in hand, you may then with certainty of the approved loan amount, seek out properties within your appropriate price range.
-AIP given based on investors financial standing.
-Your financial standing from Income Tax Statements for the past 2-3yrs, your payslips for the past 3-6mths, CPF statements for the past 12mths and other documents to show income such as tenancy agreements or bank statements.
-your DSR worked out taking into account your current and long-term debt situation.
-Good credit standing.
AIP + Financial Planner Assessment = Essential of Investors' Property Investment Journey
Types of Loan Packages
The Fixed Interest Rate Package
-Lock-in period usually up to 3 years. Penalty fee up to 1.5% of loan amount imposed.
The Floating or Market-Pegged Interest Rate Package
-Banks are more inclined to peg their floating interest rates loas to the Singapore InterBank Offer Rate (SIBOR) or Swap Offer Rate (SOR)
-Some do not impose any penalty.
The Interest Offset Mortgage Package
-Allows an investor to operate a current account that is linked to the mortgage loan account.
-The current account balance you maintain will enjoy the same interest rate as your mortgage loan account.
-The interest you pay on mortgage loan account will be offset bu the interest earned in the current account.
Cons: Interest rate for such a package usually higher.
Repricing or Refinancing Your Loan
-Though the process is not free, interest savings are substantial.
Property Valuation
-Valuation is both a science and an art.
-It's common for the purchase price of a property to exceed the property's valuation, so you have to set aside more cash.
Insure Yourself & Your Property
-When we own a property, we often focus on the positives - high appreciation and high returns.
-There is a tendency to ignore the "what if" elements.
"You buy insurance to protect your money. You spend a small amount of money on insurance to prevent spending a high amount on catastrophes."
-Owners can take up home content insurance and public liability insurance. The cost of replacement and repairs may be substantial.
Chapter 8 - Know Your Property, Know Your Sellers & Know Your Contract
Know Your Property - Must Know Your Property Facts
-The real estate agent, at the very least must know the details relating to the property.
Chapter 9 - Property Analysis
-Rayney advises young Singaporean friends to fully enjoy government's offer of new flats at subsidised prices or resale flats that come with grant of up to $40k.
-Citizenship has its privileges.
Property May Be a Mirage
-If you think you are going to make $100k profit for $1.5mil property. Don't forget stamp fees and legal costs.
Industrial Properties
-Leasehold land of up to 60 years.
-Lower psf compensates for the shorter leasehold.
-Businesses of your potential tenants and their reliability as good paymasters, cannot be ignored.
"Property investment is more than a profession, more than a discipline. It is a passion."
- Rayney Wong
Thursday, April 7, 2011
Review of 'Secrets of Property Millionaires' by Rayney Wong (Part 1)
Hi Everyone,
I recently read through one of Singapore's property gurus books, which is Secrets of Property Millionaires by Rayney Wong.
Basically I noted and highlighted some info that I feel is good and informative for most of us. This blog post is more or less the summary of Rayney Wong's book.
In Chapter 1
The book mentions that the Average Joe usually have no knowledge and thinks that you need a lot of money to invest in property. Rayney also mentioned that in land-scarce Singapore, what else but property?
"Knowing your enemy is your first giant step towards conquering your enemy."
Properties are an excellent hedge against inflation.
Property Investment is a form of forced savings, which would appreciate over time.
- Rental returns are also a good source of income.
- Pay off capital and interests.
Rayney also mentioned that we should leverage on bankers' money to buy properties. e.g $1mil property need outlay of $20k only.
-No capital gain tax in Singapore.
-Properties create and maintain wealth for long-term investor.
-Rich become richer because they know how to invest in real estate (e.g.Walmart, Mcdonalds)
Chapter 2 - Timing Your Entry
Note: Bargain buys may not be Bargains.
Rayney's story --> In 1996, I purchased 3 semi-D houses at Limau Garden, each costing $1.8-1.9mil.
Only had 99-year leases but were part of prestigious Kew Vale Collection.
-Thought that it was a bargain as bought at bulk purchase discounts of up to 18% off their listed prices. Land area approx 2800sqft, with hudge built-up areas of about 3770sqft.
Back then, it seemed like a great buy. It turned out that these houses are bought at close to peak of the 1993-1998 property cycle. 2 years after purchase, there's the economic downturn. Rental from $7000/mth drop to $2600/mth. 1 year later, Rayney sold one of the 3 houses at $1.2mil, a loss of $600k.
--> The house was sold to reduce liability, as don't have the holding power.
In 2007, the next property boom came and sold the houses at $1.2mil each. But total loss is $1.3mil. If held on till 2010, it would increase to $1.4mil.
This is a live example of a property disaster.
Property Tips1
-Buy during window periods --> just when property market begins to turn upward.
-Monitor the Market, to know what properties are good buys and what prices you should seek to buy them at.
2 Visible Factors when you call a BUY
1) Property prices you have been monitoring Must have fallen close to or below the previous transacted prices during previous down turn.
2) Spot the first sign of upturn or recovery.
Be on the Constant Lookout for Good Buys!
Guidelines in Monitoring Market
1) Check out classifies Adverts in Straits Times and check Internet for latest transacted prices.
2) Befriend real estate agents specializing in the same development or condo.
3) Visit as many new launches as you can.
- Make effort to view properties that are for sale in resale markets
- Make every effort to monitor property prices in a falling market.
- On a daily basis, make comparisons between the current property prices and prices previously witnessed during the downturn of the last property cycle. It's most important to feel the market's heartbeat.
First Signs of Recovery often goes unnoticed.
- Be aware that properties you monitor have sold more quickly with less haggling of prices.
- Property prices then firm upwards.
Overnight Changes
It is during such terrifying times (crisis) that we must double our efforts to sense the 2 Factors that signal entry into the property market.
Chapter 3 - Flipping properties for Quick Profit
- Flip only with minimum outlay of 1% of property purchase.
- Option-to-purchase is sold for a quick profit in a flip.
My Comment--> However, I feel that in the new property rules implemented, it is not profitable to do a flip.
Stamp duties payable within 14 days from date of sale and purchase agreement.
Differences between Developer Projects and Resale Market
Developer Projects - easy availablility.
Chapter 5 - Property Sharing Arrangements
Investment in percentage stake in shareholding.
Important guidelines for Group Power.
-All partners must possess high integrity.
-Don't run afoul of rules relating to solicitating funds from public, only can approach friends, relatives and business partners.
-Joint property sharing ventures often take the form of Pte Ltd companies. All property JV must at the start provide specific terms in an agreement to bind all involved parties. Term must be well though out, and even the most remote and obvious term must be included and put in writing.
Methods of Property Sharing
1) Co-Ownership by individuals
a) Joint Tenancy - aka Joint owners;
- law relating to rights of survivorship pverride any will executed by a joint owner. (family co-own usually suitable)
b) Tenancy-in-common - shareholding of property is specified from beginning when property is transferred to them. Death of a co-owner, his share passes to his estate or to his executors and beneficiaries in accordance with his will or by the law of intestacy.
Yup, that's all for now. I'll continue on the summary and review of 'Secrets of Property Millionaires' by Rayney Wong, in my next blog post. Keep in tune!
I recently read through one of Singapore's property gurus books, which is Secrets of Property Millionaires by Rayney Wong.
Basically I noted and highlighted some info that I feel is good and informative for most of us. This blog post is more or less the summary of Rayney Wong's book.
In Chapter 1
The book mentions that the Average Joe usually have no knowledge and thinks that you need a lot of money to invest in property. Rayney also mentioned that in land-scarce Singapore, what else but property?
"Knowing your enemy is your first giant step towards conquering your enemy."
Properties are an excellent hedge against inflation.
Property Investment is a form of forced savings, which would appreciate over time.
- Rental returns are also a good source of income.
- Pay off capital and interests.
Rayney also mentioned that we should leverage on bankers' money to buy properties. e.g $1mil property need outlay of $20k only.
-No capital gain tax in Singapore.
-Properties create and maintain wealth for long-term investor.
-Rich become richer because they know how to invest in real estate (e.g.Walmart, Mcdonalds)
Chapter 2 - Timing Your Entry
Note: Bargain buys may not be Bargains.
Rayney's story --> In 1996, I purchased 3 semi-D houses at Limau Garden, each costing $1.8-1.9mil.
Only had 99-year leases but were part of prestigious Kew Vale Collection.
-Thought that it was a bargain as bought at bulk purchase discounts of up to 18% off their listed prices. Land area approx 2800sqft, with hudge built-up areas of about 3770sqft.
Back then, it seemed like a great buy. It turned out that these houses are bought at close to peak of the 1993-1998 property cycle. 2 years after purchase, there's the economic downturn. Rental from $7000/mth drop to $2600/mth. 1 year later, Rayney sold one of the 3 houses at $1.2mil, a loss of $600k.
--> The house was sold to reduce liability, as don't have the holding power.
In 2007, the next property boom came and sold the houses at $1.2mil each. But total loss is $1.3mil. If held on till 2010, it would increase to $1.4mil.
This is a live example of a property disaster.
Property Tips1
-Buy during window periods --> just when property market begins to turn upward.
-Monitor the Market, to know what properties are good buys and what prices you should seek to buy them at.
2 Visible Factors when you call a BUY
1) Property prices you have been monitoring Must have fallen close to or below the previous transacted prices during previous down turn.
2) Spot the first sign of upturn or recovery.
Be on the Constant Lookout for Good Buys!
Guidelines in Monitoring Market
1) Check out classifies Adverts in Straits Times and check Internet for latest transacted prices.
2) Befriend real estate agents specializing in the same development or condo.
3) Visit as many new launches as you can.
- Make effort to view properties that are for sale in resale markets
- Make every effort to monitor property prices in a falling market.
- On a daily basis, make comparisons between the current property prices and prices previously witnessed during the downturn of the last property cycle. It's most important to feel the market's heartbeat.
First Signs of Recovery often goes unnoticed.
- Be aware that properties you monitor have sold more quickly with less haggling of prices.
- Property prices then firm upwards.
Overnight Changes
It is during such terrifying times (crisis) that we must double our efforts to sense the 2 Factors that signal entry into the property market.
Chapter 3 - Flipping properties for Quick Profit
- Flip only with minimum outlay of 1% of property purchase.
- Option-to-purchase is sold for a quick profit in a flip.
My Comment--> However, I feel that in the new property rules implemented, it is not profitable to do a flip.
Stamp duties payable within 14 days from date of sale and purchase agreement.
Differences between Developer Projects and Resale Market
Developer Projects - easy availablility.
Chapter 5 - Property Sharing Arrangements
Investment in percentage stake in shareholding.
Important guidelines for Group Power.
-All partners must possess high integrity.
-Don't run afoul of rules relating to solicitating funds from public, only can approach friends, relatives and business partners.
-Joint property sharing ventures often take the form of Pte Ltd companies. All property JV must at the start provide specific terms in an agreement to bind all involved parties. Term must be well though out, and even the most remote and obvious term must be included and put in writing.
Methods of Property Sharing
1) Co-Ownership by individuals
a) Joint Tenancy - aka Joint owners;
- law relating to rights of survivorship pverride any will executed by a joint owner. (family co-own usually suitable)
b) Tenancy-in-common - shareholding of property is specified from beginning when property is transferred to them. Death of a co-owner, his share passes to his estate or to his executors and beneficiaries in accordance with his will or by the law of intestacy.
Yup, that's all for now. I'll continue on the summary and review of 'Secrets of Property Millionaires' by Rayney Wong, in my next blog post. Keep in tune!
Saturday, March 5, 2011
WHAT DO WANT IN YOUR LIFE? Check out the CLUES OF PURPOSE & PASSION that LEAD YOU to YOUR RIGHT DIRECTION!
This is a continuation of my previous post here. 
I attended Merry Riana's 1-day 'I am Woman' workshop, so the previous post was more about women and for women.
But I feel that there are some very important and useful knowledge that I learnt and want to share with everyone!
Below are the knowledge that I learnt and want to share them with more people and help more people discover about themselves.
WHAT DO WANT IN YOUR LIFE?
Is this what you are saying to yourself, "I don't know what I want in my life. Life is so meaningless."
These are the CLUES OF PURPOSE AND PASSION!
- Your Secret Fantasy of your Wish and Desires in your Life
- Jealous & Envy (it may not be a bad thing. Whatever that you may envy, it makes you feel that it is something that you want.)
- Bodily Symptoms (for example, when you which a cooking show, you just get so fired up and excited. Your body may unconsciously be telling you that it may be something that you want.)
- Crisis
- Recurring Dreams, Vision
- Talents & Strengths
- Play of a Child (What did you like to play or do when you were a child? Do you like to sing?)
There you have it, these are the CLUES that help you DISCOVER PURPOSE AND PASSION.
KNOWING YOUR PASSION & PURPOSE gives you the DIRECTION. Your Passion and Purpose tells you where your DESTINATION is, thus you know whether you are heading in the RIGHT DIRECTION.
Moving in the Right Direction, makes you feel that you are living in a Meaningful life, knowing that you are on your way to your Destination.
Merry Riana spoke of her 2 SECRET FORMULAS to SUCCESS:
#1 - Finding the RIGHT DIRECTION
#2 - Finding the RIGHT STRATEGIES
So what do you mean by RIGHT DIRECTION?
Merry Riana (MR): Why do go to work? Why do you want to look good? For what?
People always ask,"How can I be successful?"
But do you know what you want in the first place, what is your passion or purpose in life?
MR gave an analogy to represent Direction.
Imagine that you are in City Hall MRT, you ask the MRT staff,"which train should I take?"
What do you think the staff will say?
"WHERE DO YOU WANT TO GO?"
Most people don't know their direction and don't know what they want.
So what do most people do?
They tend to take the first train that arrives, that eventually leads them to nowhere! Because they don't even know where they want to go in the first place!
Merry Riana shared about her 1 Big Secret to her Success:
"Because I Dare to Dream BIG!"
You can download her Free Ebook, Dare To Dream BIG!, in her website http://www.merryriana.com/
Now, when you are doing what you are not passionate about, you will feel these Symptoms of Disconnectedness from your Inner Self.
So what are these symptoms that make you feel that you are in the wrong place and feeling that you are heading in the wrong direction?
Here they are:
Symptoms of Disconnectedness from your Inner Self
- Not knowing what to do - Frozen or Stuck
- Emotional Pain/Turmoil - Depression
- Exhaustion
- Can't sleep at night
- Addictions
- Recurring Problems or Failures
When you feel disconnected, you need to STOP what you are doing so routinely, and start asking yourself questions to discover more about yourself and recap back through the Clues of Purpose and Passion.
CLUES OF PURPOSE AND PASSION
- Your Secret Fantasy of your Wish and Desires in your Life
- Jealous & Envy
- Bodily Symptoms
- Crisis
- Recurring Dreams, Vision
- Talents & Strengths
- Play of a Child
LEARN TO LIVE YOUR BEST LIFE!
Currently, while you are living your Life, Are you feeling LOST, BURN-OUT or FRUSTRATED?
Or are you already Living The Life That You Want? The Extraordinary Life?
There are 4 different types of people.
RIGHT DIRECTION | WRONG DIRECTION | |
RIGHT STRATEGY | EXTRAORDINARY | BURN-OUT |
WRONG STRATEGY | FRUSTRATED | LOST |
An example of being LOST - Earning poorly and also find no meaning, passion or purpose in your work.
An example of being BURN-OUT - Earning very well but find no meaning, passion or purpose in your work.
An example of being FRUSTRATED - Doing what you love or like, but not earning the wealth you desire.
An example of being EXTRAORDINARY - Doing what you love or like, and earning the wealth you desire.
A REAL STORY of BURN-OUT to EXTRAORDINARY
There was this person who took a Finance Degree and working in a bank, but finds life meaningless. But after watching a show on cooking, she felt those bodily symptoms of excitement. She finally realized that cooking was what she wanted to do. Eventually she went on to take a degree in cooking, and went from being a great cake baker and cake designer.
She was so good in her artistic cake work that she was invited to be on cooking shows. Although she is not earning the kind of money that she had previously, she now feels life is meaningful and that she is living the kind of life that she loves and enjoys doing.
Merry Riana: "I am where I am right now, is because I Dare To Dream BIG!"
"Dare To Dream BIG!"
"I live my everything." (Meaning that you don't need to think about choosing between Career or Family. You can have BOTH, when you do your good planning and organising of certain activities.)
I will be LIVING MY EVERYTHING! Will You?
An example of being BURN-OUT - Earning very well but find no meaning, passion or purpose in your work.
An example of being FRUSTRATED - Doing what you love or like, but not earning the wealth you desire.
An example of being EXTRAORDINARY - Doing what you love or like, and earning the wealth you desire.
A REAL STORY of BURN-OUT to EXTRAORDINARY
There was this person who took a Finance Degree and working in a bank, but finds life meaningless. But after watching a show on cooking, she felt those bodily symptoms of excitement. She finally realized that cooking was what she wanted to do. Eventually she went on to take a degree in cooking, and went from being a great cake baker and cake designer.
She was so good in her artistic cake work that she was invited to be on cooking shows. Although she is not earning the kind of money that she had previously, she now feels life is meaningful and that she is living the kind of life that she loves and enjoys doing.
Merry Riana: "I am where I am right now, is because I Dare To Dream BIG!"
"Dare To Dream BIG!"
"I live my everything." (Meaning that you don't need to think about choosing between Career or Family. You can have BOTH, when you do your good planning and organising of certain activities.)
I will be LIVING MY EVERYTHING! Will You?
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