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Wednesday, May 28, 2008

Goals and plans

I have been reading my brother's blog lately and allowing him to do most of the editing and updating. This is because I believe that he is more knowledgeable in this expect. and truthfully he has been doing a great job in maintaining the quality of this blog.
Today I am going to talk about the goals and plans that one must have in order to achieve success in this life. I've just watched the movie "Pursuit of HappyNess" that star Will Smith. A movie inspired by true story...about this man, Chris Gardner. He was struggling in his battle to work for a prestigious stock brokerage firm as intern. Although he has to go through six months without salaries, his perseverance and determination reap a great results. Today he is one of the millionaires and open his own brokerage firm, Gardner Rich & Co.
As I watched the struggles he had to go through, one thing I realized was that he never gave up hope and keep doing his best with whatever that he could to achieve his aim.
It made me plan my own goals by the end of this year. I always wanted to buy a FERRARI by the age of 28 and I will never give up on this dream, at least not yet.
But I believe that I need to set a certain goals by end of this year, which I intend to post it here:

1) My savings from income reaching RM10, 000.
2) Blog generate US 10 dollars a month.
3) Tuition classes will consistently with RM2k a month by end of the year.
4) Credit card approval at least 1 per month.

It seems to be so tough as I look at it now, but I believe from where Chris Gardner was from millionaire is even more difficult and yet this man made it through.
Of course it won't be a goal without any short term aim and plan. I intend to share more on how to effectively making your blog a main attraction.
That will be my next posting as I explore into this field.

Saturday, May 17, 2008

Money Master

I've renamed this blog to MoneyMaster, if you all hadn't notice. This blog used to be "a friend to money", well even if you do a Google search with "a friend to money", you will eventually find this blog in the search results. Not sure after I renamed it to MoneyMaster, we can still search it in Google. Anyway, some might be wondering why I've changed it to MoneyMaster. Well, it did occurs to me that if we wanted to earn more money, we have to let the money works for us. When we reach to a certain point where our money is generating enough income for us to survive without having financial worries, then we have become the MoneyMaster :), like what I've always tell others, it is better for us to become our own BOSS, so that we do not have to tolerate our superior. I noticed that most young adults aged 22-30 are quite immature in a way or another. Most of the young adults nowadays are really aiming high, but there is a problem. Most of us don't really like to tolerate our superiors or colleagues. In fact, when there's argument or increase in workload, we will start blaming others or our superiors. I am one of those young adults which I mentioned. In fact, it was just recent weeks that I have argument with one of my colleague. He was actually a rather senior staff in the company, which could be why he always demand respect from my team members, as my team has some of the most junior staff in the company. Never occur to me that he will blame me for what some of the production staff did wrongly. He blamed me for not releasing test according to the procedure, which as a matter of fact, I did, but one of the production guy screwed up with the master copy. Nevertheless, we had argument, until he complain about my attitude problem to my manager, which I believe my manager would explain on my behalf that I do not mean to be rude to him. Ok, to cut the long story short, the problem settled, but scar remained in our hearts. When I was writing about becoming the master to money, I realized that in order to become a master, we need to serve others. And I realized networking is indeed one of the element to become the money master, like my Dad always adviced me, it is better to have one more friend than enemy. Anyway, the damage has been done. What I can do now is to try to respect him in the future. Although I was right to have my own stand and principles, but I do realize that I need to fix our relationship, so that in the future, my products will run smooth. What I am going to do in the future is to take his or the seniors' opinion into account, and to humble myself. Well, after this incident, it also teaches me one important thing, which is respect others and to be humble. It could be that I'm so arrogant that I ignore others feeling, which I plan to change. Well, back to the Money Master topic, becoming the master to money is not easy, but slaving for money is the other way round. I'm confident with the daily lesson I learned from my job, my relationship with others etc, I can become the Money Master soon enough that I can enjoy living a frugal live after that. After all, we need to enjoy our live. All works and no play make Jack a dull boy.

Saturday, May 10, 2008


Phew......finally getting the permission to post using my own profile. Was doing the 'restructuring' work on the blogs with my brother for weeks and finally we figure out it will be better for us to post the blog using our own profile. Before this I was posting using my younger brother's profile as he was the one to encourage me to blog. I am glad because I can share my 2 cents opinion on money matters with others across the Net. But while doing so, I realized that restructuring is actually part of our life and as well as a process to increase our net worth. Usually a company will restructure if there's change in leadership. Some company will restructure if the circumstances force the company to do so. Nevertheless restructuring usually means new idea, innovation, creativity, motivation etc. While 'restructuring' our blog, both my brother and me come out with more and more idea in which we would like to share with others, but we realized that we need to streamline it so that our 2 cents idea or our opinion can be practice by our peers. Thus, we come out with this idea to use our own profile, instead of sharing the same profile, which can sometimes be quite confusing to our peers. Whoops...... seems like I'm off-topic a bit. Ok.... Back to the money matters and how restructuring can be apply to it. Well, most of us draw fixed amount of salary monthly and the way we spend it could be the same from one month to another. It's because we have house loan, car loan, education loan, credit cards loan etc. The amount of our debt seems to be fixed. But how many of us restructure our budget once in a while? Or we only restructure the budget yearly when we have increment? In my opinion, it is better to restructuring our monthly budget once in a while and while our income is still fixed. By restructuring once in a while, we can come out with the idea of earning more money, renewed motivation to achieve financial goals. Besides that, we can be so detailed on the spending until we can reduce unnecessary expenses. By doing so, coupled with discipline, hopefully we will achieve our yearly financial goals, or in fact do more than that. Cheers......