Opportunities around you, grab It

Opportunities above the risk, rather than risk above opportunities

In Australia, there is a famous bakery called the Old Style Bread Center. One day, an employee resigned and opened his own shop name Bakers Delight. During that period supermarket has force many bakeries shut down, but Roger Gillespie, the employee that resign, open stores with the ideas products fresh from the oven. As the result, the tradition idea get good response and Bakers Delight outlets are now mushrooming in the country kangaroo.

So if you know Facebook, Dell and Bakers Delight please explored how Mark Zuckerberg built Facebook, how Michael Dell built Dell Inc  and how Roger Gillespie expand Bakers Delight in which the products at first already exists on the market, then what do you doubt to build a business? Opportunity is all around you, go and grab it, because think a thousand times to do business is not better than one practice. Do not always calculate the risk of doing business. You may not always be lucky, sometimes will also face losing, but we must always "learn how to win, learn how to lose". Uncertainty is something that we can not avoid doing business, but the most important thing is the resilience and maturity of experience, and always willing to learn from mistakes, and always learn from the market.

Businesses need a recklessness, because you are definitely not Frederick Smith who inherited $4 Million when just returned from military service in Vietnam. With the money that legacy, Smith practiced his idea to establish a firm delivery goods quickly, even overnight, to various destinations named Federal Express. There were only two possibilities can occur either loss of heritage or success. It turned out, five years later his wealth become $2.1 Billion. 

Recklessness is what's hard, often heard my friends said a lot of theorizes, read thousands of books, master the world famous matrices, but do not have the boldness to practice. They mostly put risk above the opportunity. 

For a legacy much like a Smith, be thankful for having the ability and possibility to build a business Federal Express instead of some of us with nothing but recklessness. However, know that the recklessness is precisely our greatest capital in starting a business. Always practiced, rather than thinking, opportunities always around you. To be success, start action differently.

CCTV Interview Malaysian Businessman Robert Kuok Hock Nien

This is a CCTV interview Robert Kuok Hock Nien. Robert Kuok is the richest person in Malaysia ($12.4B, 2011 Source forbes.com). In this interview, Robert Kuok will share with us how his success and the value should have for a business person.

Good Quote from Robert Kuok "Need to be gutsy, if not you will let go all the opportunity come to you"

5 Easy Passive Income Method

Passive Income is the income that we earn with little effort involved. Having a multiple passive income will help you to create wealth and also let you to have more freedom in your life. Nowadays, many people are talking about financial freedom and one way to achieve it is to have multiple passive incomes which can cover the monthly expenses. For those people who still don't have any passive income, I think is time for you and your family to sit down and think about it. 

Please don't think that creating passive income is a difficult task and require a large amount of money. Actually it is fun and easy... even kids also can do it. Let me share with you 5 easy passive income methods you can start with... 

1. High Yield Saving Account 

Sometimes we might not notice what is our saving account interest rate because is it relative low. However, a 0.1% differences in long run will be a huge amount. Normally bank will give 0.1% - 0.3%. Let said, if you have 100,000 dollar in bank A with interest rate 0.1% and 100,000 dollar in bank B with interest rate 0.2%. If after 1 year you check at your account in bank A the amount will be 100,100 dollar and bank B the amount will be 100,200 dollar so we can see the difference is 100 dollar. With 100 dollar we can use it to buy stationary for our kids. 

2. Fix Deposit 

This is an investment tools created by bank, where customer agree to save some amount of money in the bank with a locking period and then customer will get a guarantee return. The return is normally between 2% - 4% per annual. No service and annual fee charge required. For example, just put 1000 dollar to fix deposit with a 1 year locking period and 3% return then after 1 year when your fix deposit maturity you will receive 1030 dollar which mean that you have a 30 dollar passive income. 

3. Unit Trust Fund Investment 

If you think Fix Deposit return is low maybe you can invest in some trust fund which give better return. These kinds of trust fund normally provide 6% - 20% return. However please carefully select the fund you going to invest because normally trust fund will have a annual fee charge. 

4. Stock Investment 

Stock investment is always treating as a favorite tool for passive income. The reason is because the access is easy and also the return can come from capital appreciation and dividend. However some might think stock investment is very risky. Well, with proper planning and analysis I think we can reduce the risk. One of the way to reduce the risk is to invest in dividend stock. This kind of stock can give 4% - 10% dividend. Normally dividend stock will have a good fundamental and strong management so if any market crash they still can withstand it. Examples of dividend stock in Malaysia are BAT, Dutch Lady, Digi, Public Bank, Nestle, Guinness, Carlsberg and Telekom Malaysia. 

5. Pension Fund 

Pension Fund is also one of the passive income that for longer term. The objective of Pension fund is to provide a measure of security for the retirement to its member. In some country pension fund is a compulsory saving scheme for all employees. Normally they can withdraw their pension fund after 55 years old. In Malaysia, we call it EPF (Employee Provident Fund). Pension fund will also use the fund to invest in stock equity and the profit they get will be share to members as a dividend. 

The above are some easy passive income method which require very little amount of money and time. Please start early and enjoy the passive income you earn. 

The Incredible 14 year old Who Bought a House

This girl already own a house when she 14 year old. What are you doing when you are 14 years old?? This girl has inspiring and motivate a lot of people. I think there are some financial values we can get from this girl. Please feel free to watch the video.

Lesson I get from this video is well prepared yourself before the opportunity come. She saves the money she earns and when the property market down she use that money and bought her a house then rent out.

6 General Strategy for Stock Investment

Nowadays stock investment has become one of the way people look for passive income. In stock market, retailer can trade 1000 plus of company stock. However, which stock to buy is always the question everyone asking. Some retailer will buy stock base on technical analysis provided by banker, fund manager and even trader itself. Then some will base on rumors spread by friends or forums. However, the result is not always what they expected.

Eventually, I believe technical analysis is the best tools to help us to pick which stock to buy. However, I know some of you are not so good in technical analysis so you might want to know what the other strategies to invest in stock are. Here are some general strategies I will use for stock investment. 

1. Value the company 

Always value the stock base on the company growth, profit and cash holding. The company must have future growth and have to be always active in expending their business. The company needs to have good track of profit. Their cash holding also have to be strong. 

2. Pricing Power 

Try to invest in company which has pricing power. This kind of company can increase their product price and yet it won't reduce their sales. The company which has pricing power normally can withstand the market crisis. This is also one of criteria when Warren Buffett invests into the company. 

3. Invest Dividend Stock 

Invest in high dividend stock. Why dividend stock? It's simple because high dividend stock can provided you a good passive income. With passive income you can reinvest back into stock. 

4. Focus 

Focus on buying the stock. Don't too diversify your portfolio. When found a value stock to invest, focus on investing to the stock. Do not panic when the market is down. 

5. Monitor stock once a week 

Everyday monitor your stock will make you emotional and then make mistake. Try to monitor your stock once a week so you can also enjoy your life besides investing stock. 

6. Buy when down 

When market is down, do not panic... try to review which stock you can invest Try to find which entry level you are comfortable. This is the time where you can find the value company with a good stock price. 

I know the strategy is very simple and maybe everyone already know however sometimes we tend to forget. Sometimes, simple make our life easier. Happy and enjoy investing.