Archive for February, 2009

Get Shelter!



Do you think like the Rich or Poor?

I’m currently reading Secrets of the Millionaire Mind by T. Harv Eker and I would like to share one of the Wealth Files shared in the book which spark my interest.

Wealth File #14: RICH people manage their money well.



 POOR people mismanage their money well.

Wealthy people are not any smarter than poor people; they just have different and more supportive money habits.

The single biggest difference between financial success and financial failure is how well you manage your money.
It’s simple: to master money, you must manage money.

Poor people either mismanage their money or they avoid the subject of money altogether. (Agree??) Many people don’t like to manage their money because, first, they say it restricts their freedom, and second, they say they don’t have enough money to manage.

Just a little (yet useful) tip shared by Harv which you can consider is to open an account called your Financial Freedom Account in the bank. This money is only to be used for investment and buying or creating passive income streams.
And when do you get to spend this money? NEVER!
It is never spent – only invested.
Eventually, when you retire, you get to spend the income from the fund but never the principal itself.
In this way, it always keeps growing and you can never go broke.

It doesn’t mater if you have fortune right now or virtually nothing. What does matter is that immediately begin to manage what you’ve got and you’ll be in shock at how soon you get more.

He also suggested opening a Financial Freedom jar in your home and deposit money into it everyday. It could be $10, $5, $1 or all your loose change. The amount doesn’t matter; the habit does. The secret again is to place daily “attention” on your objective of becoming financially free.

Whatever money you have, begin managing it now. Do not wait another day. Even if you only have a dollar. Manage that dollar.

Whatever money you have, begin managing it now. Do not wait another day. Even if you only have a dollar. Manage that dollar.

Bottom line is, it doesn’t matter if the amount is small, at least you get yourself started somewhere, somehow.


Don’t take TIME for granted.
Tell your loved ones how much you really care and love them.
Say it before it’s too late.

How are you??

If you think you can just ignore your health condition/issues in this economic downturn, think again.

Most people are focusing on how to make more money, how to cut down expenses by buying items on sale, going for a budget holiday and whatnots. But do you know that health problems can be an ongoing and long term financial problem as compared to the economic downturn now?

Health has a major impact on one’s ability to work, financial status and quality of life.

What if today you are being diagnosed with a heart failure?
What is your preparation, FINANCIALLY?


Are you able to bid goodbye to tens thousands of dollars (which can be your hard-earned savings thus far) just like that?
And that is just the cost of operation and hospital bills.
What about the expenses on your recovery process?
And what makes you think you are able to continue working hard as before?

Yes you can exercise regularly and go on a healthy diet but have you heard of stories that even a health conscious person can be diagnosed with heart disease, cancer and etc?

Don’t take this health issue for granted.

Prevention coupled with protection can give you a peace of mind.