Posted by Khoo Adam on October 31st, 2007 in Finance ·
Many people have the wrong idea about what being a millionaire is all about. Many also equate instant gratification with happiness. They believe that millionaires live lavish lifestyles and all that self-indulgence brings lasting happiness…
Posted by Khoo Adam on October 31st, 2007 in Finance ·
Mention the word ’stocks’, and many people have painful experiences to narrate. Stories abound of how people have had their life savings wiped out overnight. Or money they have borrowed to buy a ’sure, hot stock’ was lost when the stock suddenly took a nose dive…
Posted by Khoo Adam on October 31st, 2007 in Finance ·
A mutual fund (called ’unit trust’ in Asia) is an investment vehicle that pools money from many individual investors. A professional fund manager invests and manages these funds into stocks, bonds and other securities…
Posted by Khoo Adam on October 30th, 2007 in Finance ·
Before you can ever reduce your expenses and increase your savings, you must first know where your money is going to. Many people share the same experience of having no idea where their $5,000 salary went…
Posted by Khoo Adam on October 29th, 2007 in Finance ·
In the classic best-selling book ’Think & Grow Rich’, Napoleon Hill found through intensive research that the five hundred richest men in the world all had one thing in common, they all belonged to a strong support group of like-minded individuals where they received the knowledge, advice, resources, contacts and emotional support to succeed in their creation of massive wealth.
Yes…
Posted by Khoo Adam on October 26th, 2007 in Finance ·
If you think about, many people will make over a million dollars in their lifetime!..
Posted by Khoo Adam on October 26th, 2007 in Finance ·
There are three major steps that master investors take and they are: 1) identify very good businesses, 2) buy them only at a huge discount and 3) wait for the market to realize its true value or overvalue it.
Step 1: Identify Very Good Businesses
Always remember that when you are buying a stock, you are not buying a lottery ticket but you are buying part-ownership of a company…
Posted by Khoo Adam on October 26th, 2007 in Finance ·
Let me illustrate to you a very well known example of the power of goals. In 1952, there was a research study done on the impact of goal setting on the graduating batch of students at Yale University. When asked how many of them had clearly specified and written down goals, only three percent responded…
Posted by Khoo Adam on October 18th, 2007 in Finance ·
The first step to take to increase your savings is to start reducing your expenses. So what is the first expense you must reduce and eventually eliminate?..
Posted by Khoo Adam on October 17th, 2007 in Finance ·
How do you achieve excellence in any area within a short period of time? The key is through modeling. Modeling is the technique of finding role models who are the best in their field and then studying and distilling the mental models and strategies that make them the best in what they do…