NOTES : My Articles are mean for sharing, I may not good enough and my methods are not certainly right. As I am still in learning process, therefore I am not asking dear readers to learn from me, but we learn together through sharing. Facebook & blog is really a good tools to learn and sharing together, so lets make full use of it. If I have mistake or anyone have suggestion, you are always welcome to comment or approach me as I say we learn together. Why I am doing all these? Perhaps I just can say, I found myself in it. I found my true self, my passion and my destiny through the process of achieving my dream.
Today I will share about the vehicle to perform investment & business. This vehicle is quite similar to the transport we are using. Before we own our car or transport, we sit in our parents car, then later we using public transport, and after we afford to have our own car, we drive our own. So do the vehicle of wealth, when we small we using our parents money. Then when we start our adult life, before we able to start our own business. We need to use public vehicle to invest and as side business. What is mean by this? I will divide into investment & business vehicle...
Investment vehicle like mutual fund, uni-trust, investment-link insurance is a public transport. They have one or several driver/pilot to bring us to our destination/target, which are the Chief Financial Officer (CFO) or investment manager. They are the person that decides and manage our funds, because they clearly more professional than amateur like us. Therefore, the good way to start investment is through this vehicle. It is not advisable to straight try yourself in stock market or property, as it is very risky and needs a lot of studies and research plus a big modal. Investment link and uni-trust return of investment(ROI) can be as high as 20%. But there still always risk in uni trust, just that it can be more diversify and our fund are handle by professional. We can start investment in these vehicle as low as rm200 per month
Business vehicle, before you start your own business, you need at least joining a business to experience the business world. The meaning of joining a business is not working for the business, but be apart of the business. Remember, it is very big different between concept of joining the business and working for the business. Some may say, "same what... it is earning money." No, by joining a business there are a risk of losing money, and your mindset is totally different. If we working for the business as staff, we will wait salary every end of month and bonus every end of year. While joining the business, you will have more uncertainty towards your income. The best example of joining a business is through network marketing or direct selling. I done network marketing myself for almost a year, frankly, my earning is normal . But I think the most valuable thing is the soft skill and mindset you learn in it to prepare you ahead for your future. Even Robert Kiyosaki encourage us to join a network marketing company, because it is a real life training on leadership, sales skill, management, and more softskill. I met great people, people full of energy, people who are motivated, self driven and much more than that. For example, I have a great leader, Marcin... He is a Polish, he left everything behind and come to Malaysia without knowing anyone to start his business at here. He then start through facebook and meeting people in starbucks, until today he have hundreds to thousands of people partnership him. This is only one of the great people I met by joining a business. To be an entrepreneur, you need to have determination, willing to take risk... all these are very hard to learn in college or university. But we can learn it in business through great people's experience and skills.
Robert Kiyosaki teach that there are 4types of income classes :
- E: Employee — Working for someone else.
- S: Self-employed or Small business owner — Where a person owns his own job and is his own boss.
- B: Business owner — A person owns a business to make money; typically where the owner's physical presence is not required.
- I: Investor — Investing money in order to receive a larger payout in the future.
To overcome inflation & achieve financial freedom, we need to train ourself to be in B or I. It is surely hard, if someone say it is easy then it will be a lie... But end of the day, you shape your own future. It is totally depend on us to get motivated, action, and determination.
The next article I will explain about my vehicle, why I choose ING and Monavie as my investment and business vehicle. Thanks and have a nice future ahead...
We Are The Next Generation To Shape This World Future,
Are We Prepare Ourselves Enough To Receive The Baton?
- Bryan Khoo -
0167688136
bryanksk2003@yahoo.co.uk
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