Archive for the ‘ Advice ’ Category

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful Warren Buffett

Be Fearful When Others Are Greedy and Greedy When Others Are Fearful
Warren Buffett

Best advice I can give investors , only after calculating the risk

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2 Charts Will Make You See The Stock Market In Totally Different Ways – Boom or Crash ?

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Above chart shows the S&P from1997 to present day and if you look at this chart it looks like the crash is on the way .The stock market moves on people’s perception of greed and fear , up , down up .

Based on charting models we are due a correction shortly .

This chart looks at the s&p 500 it goes back by 100 years ,

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Looking now at the graph it looks like the graph goes sideways and then sharply up, and the graph know looks we due that.

Not saying one ore another is correct but I just like looking at patters and it based on what you take as reference point .>

Li Ka-Shing teaches you how to buy a car & house in 5 years

This article is translated from the original Chinese by Edmund Ng at CeoConnectz.

Hong Kong billionaire Li Ka-Shing shares some of his money wisdom, outlining an inspirational five-year plan to improve one’s lot in life

Suppose your monthly income is only RMB 2,000, you can live well. I can help you put money into five sets of funds. The first $600, second $400, third $300, fourth $200, fifth $500.

The first set of funds is used for living expenses. It’s a simple way of living and you can only be assigned to less than twenty dollars a day. A daily breakfast of vermicelli, an egg and a cup of milk. For lunch just have a simple set lunch, a snack and a fruit. For dinner go to your kitchen and cook your own meals that consist of two vegetables dishes and a glass of milk before bedtime. For one month the food cost is probably $500-$600. When you are young, the body will not have too many problems for a few years with this way of living.

Second set of funds: To make friends, expand your interpersonal circle. This will make you well off. Your phone bills can be budgeted at RMB 100. You can buy your friends 2 lunches a month, each at $150. Who should you buy lunch for? Always remember to buy lunch for people who are more knowledgeable than you, richer than you or people who have helped you in your career. Make sure you do that every month. After one year, your circle of friends should have generated tremendous value for you. Your reputation, influence, added value will be clearly recognized. You’ll also enhance your image of being good and generous.

Third set of funds: To learn. Monthly spend about RMB 50 to RMB 100 to buy books. Because you don’t have a lot of money, you should pay attention to learning. When you buy the books, read them carefully and learn the lessons and strategies that is being taught in the book. Each book, after reading them, put them into your own language to tell the stories. Sharing with others can improve your credibility and enhance the affinity. Also save up $200 per month to attend a training course. When you have higher income or additional savings, try to participate in more advanced training. When you participate in good training, not only do you learn good knowledge, you also get to meet like-minded friends who are not easy to come by.

Fourth set of funds: Use it for holidays overseas. Reward yourself by traveling at least once a year. Continue to grow from the experience of life. Stay in youth hostels to save cost. In a few years you would have travelled to many countries and have different experiences. Use that experience to recharge yourself so that you’ll continually have passion in your work.

Fifth set of funds: Invest. Save the $500 in your bank and grow it as your initial startup capital. The capital can then be used to do a small business. Small business is safe. Go to wholesalers and look for products to sell. Even if you lose money, you will not lose too much money. However, when you start earning money, it will boost your confidence and courage and have a whole new learning experience of running a small business. Earn more and you can then begin to buy long-term investment plans and get long-term security on your financial wealth being of yourself and your families. So that no matter what happens, there will be adequate funds and the quality of life will not decline.

Well, after struggling for a year and if your second year salary is still RMB 2,000, then that means you have not grown as a person. You should be really ashamed of yourself. Do yourself a favour and go to the supermarket and buy the hardest tofu. Take it and smash it on your head because you deserve that.

If your monthly income is at RMB 3,000, you must still work very hard. You must try to find a part time job. It will be great to find part time sales jobs. Doing sales is challenging, but it is the fastest way for you to acquire the art of selling and this is a very deep skill that you will be able to carry it for the rest of your career. All successful entrepreneurs are good sales people. They have the ability to sell their dream and visions. You’ll also meet many people that will be of value to you in the later part of your career. Once you’re in sales, you will also learn what sells and what not. Use the sensitivity of detecting market sentiments as a platform for running your business and in the identification of product winners in the future.

Try to buy minimal clothes and shoes. You can buy them all you want when you’re rich. Save your money and buy some gift for your loved ones and tell them your plans and your financial goals. Tell them why you are so thrifty. Tell them your efforts, direction and your dreams.

Businessmen everywhere need help. Offer yourself to do part time for any kind of opportunities. This will help to hone your will and improve your skills. You will start to develop eloquence and soon, you’ll be closer to your financial goals. By the second year, your income should be increased to at least RMB 5,000. Minimum it should be RMB 3,000, otherwise you would not be able to keep up with inflation.

No matter how much you earn, always remember to divide it into five parts proportionately. Always make yourself useful. Increase your investment in networking. When you increase your social investment, expand your network of contacts, your income also grows proportionately. Increase your investment in learning, strengthen your self confidence, increase investment in holidays, expand your horizons and increase investment in the future, and that will ultimately increase your income.

Maintain this balance and gradually you will begin to have a lot of surplus. This is a virtuous circle of life plans. Your body will start to get better and better as you get more nutrition and care. Friends will be aplenty and you will start to make more valuable connections at the same time. You will then have the conditions to participate in very high-end training and eventually you’ll be exposed to bigger projects, bigger opportunities. Soon, you will be able to gradually realize your various dreams, the need to buy your own house, car, and to prepare an adequate education fund for your child’s future.

Life can be designed. Career can be planned. Happiness can be prepared. You should start planning now. When you are poor, spend less time at home and more time outside. When you are rich, stay at home more and less outside. This is the art of living. When you are poor, spend money on others. When you’re rich, spend money on yourself. Many people are doing the opposite.

When you are poor, be good to others. Don’t be calculative. When you are rich, you must learn to let others be good to you. You have to learn to be good to yourself better. When you are poor, you have to throw yourself out in the open and let people make good use of you. When you are rich, you have to conserve yourself well and don’t let people easily make use of you. These are the intricate ways of life that many people don’t understand.

When you are poor, spend money so that people can see it. When you are rich, do not show off. Just silently spend the money on yourself. When you are poor, you must be generous. When you are rich, you must not be seen as a spendthrift. Your life would have come full circle and reach its basics. There will be tranquility at this stage.

There is nothing wrong with being young. You do not need to be afraid of being poor. You need to know how to invest in yourself and increase your wisdom and stature. You need to know what is important in life and what is worth investing in. You also need to know what you should avoid and not spend your money on. This is the essence of discipline. Try to avoid spending money on clothing, but buy a selective number of items that have class. Try to eat less outside. If you were to eat outside, do make sure you buy lunches or dinners and foot the bill. When buying people dinner, make sure you buy dinners for people who have bigger dreams than you, and work harder than you.

Once your livelihood is no longer an issue, use the remainder of your money to pursue your dreams. Spread your wings and dare to dream! Make sure you live an extraordinary life!

Famous theory from Harvard: The difference of a person’s fate is decided from what a person spends in his free time between 20:00 to 22:00 . Use these two hours to learn, think and participate in meaningful lectures or discussion. If you persist for several years, success will come knocking on your doors.

No matter how much you earn, remember to split your salary into five parts. Take care of your body so that it will still be in good shape. Invest in your social circle so that you will constantly meet new people where you can learn new knowledge from. Expanding your network will also have an important impact in how much you earn eventually. Travel every year and expand your horizons. Also keep abreast with the latest developments in the industry. If you follow this plan diligently, you will soon see big surplus in your funds.

Whatever happened in the past is over. Do not dwell on past mistakes. There’s no point crying over spilt milk. Everybody makes mistakes. It’s what you learn from the mistakes, and promising yourself not to repeat those mistakes that matters. When you miss opportunities, don’t dwell on it, as there are always new opportunities on the horizon.

Being able to smile when being slightly misunderstood is good upbringing. When you’re wronged and you smile with calmness, it is generosity. When you’re being taken advantage of and you can smile, you’re being open-minded. When you are helpless and you can do a philosophical smile, you’re in a calm state. When you’re in distress and you can laugh out loud, you’re being generous. When you’re looked down and you can calmly smile, you’re being confident. When you’re being jilted in relationships and you can smile it off, you’re being suave.

There are many people who are struggling to make ends meet. It doesn’t matter if you are rich or poor. There are lessons for all to learn from Li Ka Shing

5 Business Books That Will Actually Work

5 Business Books That Will Actually Work

Before you start worrying that we’ve totally lost the plot and are turning to self-help books, fear not Gentlemen, as this is our selection of some of the best business books to get you ahead in work and life this year.

CHOOSE YOURSELF

By James Altucher

New tools and economic forces have emerged to make it possible for individuals to create art, make money and change the world without “help.” With dozens of case studies, interviews and examples, including the author, investor and entrepreneur James Altucher’s own heartbreaking and inspiring story, Choose Yourself illuminates your personal path to building a bright, new world out of the wreckage of the old.

THE FOUR HOUR WORK WEEK


By Timothy Ferriss

While few people may want  or actually achieve a 4 hour work week, there are strong ideas about how to be more efficient at work. The inspiring stories and examples from Tim Ferris will have you dreaming about crossing off amazing things from your bucket list.

THE RICHEST MAN IN BABYLON


By George Clason 

This book dispenses financial advice through a collection of parables set in ancient Babylon. Above all it will teach you that ‘saving’ money is equally as important as ‘making’ money.

THE BUSINESS OF BELIEF 


By Tom Asacker

This instant classic provides the key to motivating yourself, your friends, your family, your coworkers and your customers. This is a mind-challenging book, and while the title says “how” this is really a what-to-do book. When finished, you have to take the “what” and decide the “how” for yourself. A must read.

THE ELEMENT 


By Ken Robinson

There’s more to success than having a dream and getting motivated to achieve it. You must also have talent, and put yourself into an environment that fosters and develops that talent. Much of the battle, according to Ken Robinson and Lou Aronica, is discovering the talents that you possess as an individual. These talents are the signpost that lead to your own, individual, personal success.

5Things Mentally Strong People Don’t Do

Something I been working on a lot more for the list but I thought I start with 5 :

  1. Give Up !

Obvious but its true , if you going to succeed personally / business then quitting is never an option . This is qhy goals are so important to help you through and give you strength .

  1. Looking backwards

Looking backwards and focusing on the now . Strong individuals focus on the present moment and on tomorrow .

  1. Stay in the comfort zone

The most dangerous place for success , as it never is found there . Pushing oneself out of the comfort zine will mean new success and experiences

  1. Read & discuss for peoples opinion .

Educating oneself with ideas a point of view through education of through discussion .

  1. Change /Adapt :

Every second the world changes and as such will never be the same again . So we need to as the saying goes ‘change and adapt to survive’

 

Tony Evans , Tokyo

11th January 2014

The Five People Who Determine Your Success

The Five People Who Determine Your Success

 


(Photo credit: Mashable)

Anyone who has accomplished anything of significance didn’t do it alone. Neither should you. Think about the five people you spend the most time with and answer this blindingly simple yet imperative question: Do they make you better?

If they don’t, the question then becomes: Who does makes you better?

Who’s In Your Top Five?

Below is how you identify your Top Five — or as I have often called them, your ‘Allies of Glory’These are the people with a unique set of skills and expertise who encourage you, inspire you, empower you, challenge you and push you to be the absolute best version of yourself.

A good way to look at this is like the starting five of a basketball team. Each player has a unique role to play. Here are the key positions for you to identify:

  1. Point Guard – The Facilitator. The point guard is the floor general. They see the big picture and support you in managing the flow of information. They’re good at knowing when you can speed things up or slow things down. In short, they can see things that you can’t.
  2. Shooting Guard – The Playmaker. The playmaker is the Molotov Cocktail. They light the scoreboard up. They are in the midst of making great things happen in their life and when you need a jolt of creativity, business brainstorming or a push, they are your person. They move fast and don’t have much patience for indecision. They remind you that if you miss a shot, just keep shooting.
  3. Small Forward – The Encourager. The role player is one of the most underestimated players on a team. They do the work that many don’t see and they don’t regularly show up in the post-game statistics. But when they’re around, you always seem to be at your best. During tough spells they support you with perspective and their never wavering commitment.
  4. Power Forward – The Bruiser. As much as you love your power forward, you may equally hate them. Their genius is holding you accountable to what you said you were going to do. If you tell them you’re writing a book, they’ll ask questions like, “When will it be finished?” They are metric-based and measure success by the progress you do or don’t make.
  5. Center – The Rock. This is the veteran. When all hell is breaking loose, they help you remember what’s most important. They make sure you don’t mistake the forest for the trees. They know that goals are great but sometimes we just lose sight of why we are doing whatever we are doing in the first place. You need them to keep you grounded and supported.

Spending time with top performers isn’t always easy. Why? Because they’re going to push your buttons. They’re not going to accept excuses. They’re going to make you do what you say. They’re going to get you outside of your comfort zone. The good news is that this positive friction is where growth, development and breakthroughs happen.

Your starting five aren’t always going to be your best friends. You may not even talk daily. But when it’s time to play ball, they will bring out the best in you every time. And sure, there will be talented players on the bench, who come in from time to time. But your starting five play a key role in determining your success or lack thereof.

Don’t be afraid to work with the best. Surround yourself with greatness.

 

Courtesy of YEC

Antonio Neves is an executive coach, speaker and award-winning business journalist. He’s the founder of the consultancy THINQACTION and the co-founder of international accelerator, The Ignition Lab.

Wall Street’s Brightest Minds Share The Best Books They Read In 2013

Wall Street’s Brightest Minds Share The Best Books They Read In 2013

One of my resolution for the year is to read more books , this is a excellent list I am working throughj

Business Insider asked some of their readers their favourite  analysts, traders, and economists across Wall Street for the best books they  read over the past year.

The responses vary — from works  of fiction to nonfiction titles, both new and old.

Some deal with finance,  but most don’t, at least directly

 

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