Hin's Tech tagged me in his “My One Money Advice” . He was inspired by Blog Action Day and he has tagged four other friends for the post. I believe they all do have interesting and insightful posts for ‘My One Money Advice.'
I would like to thank my online friend, Hin, for tagging me on this movement or effort. To me it is not all about money when you want to be successful. Do we gauge a successful person with money that they have? I do not think so. Not all rich people in this world are happy people or successful people. To me a successful person is a happy person with their lives, happy with their family, happy with their work or what they do, happy with what they have in lives.
On top of that there are 6 keys to be Successful and be Happy;
a. Have an effort to be successful. One must work or take action to be successful.
b. You could be successful if you have Savings. Saving should be done continuosly even at 10% of your earnings. I have an example below on how we could dictate our Savings.
c. Grow your saving with good and profitable investments. It must be clean and profitable. Look for the best option.
d. With your profits, you should give out some to help others example as elms. This is important because when you help others, people will remember you and later they will pray for your success. This is the chain reaction.
e. Do not ever put yourself in great debts. Big debts will kill your efforts and your motivations.
f. Always pray to God for your success.
Above all there must be a balance between your income and also your spending. Do not over spend against your income. Do not ever compare with others. Just focus on yours. When you start comparing, that is when the problems crop-up.
Note: How to Do Savings – I would recommend as follows,
1. Save 1/10 to put a side and forget.
2. Save 1/10 to settle your debts.
3. Save 1/10 for elms or to help others (to communities).
4. Use 2/10 for your family.
5. Use 1/10 for your needs.
6. Give out 1/10 to your parents.
7. Re-invest 2/10 to double up your profits.
8. Re-invest 1/10 to your existing business.
Now I would like to know what my friends Alvin, Karen Lim, Niralan Bobalan, Gobala Krishnan, and Rocky John Tayaban have to say about their one money advice.
What everyone is saying?
- Pinyo said, “save 10% of your income and make it automatic“
- Paidtwice said, “ignorance does not help you…knowledge is power, and with power you can institute change“
- Being Frugal said, “practice contentment…realize that money and things aren’t going to make you happy“
- Plonkee said, “know yourself“
- Hin said, “Don't think about money all the time“
- Roslimh said, “…not all about money when you want to be successful…..and there are 6 keys….”
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Hi, thank you for helping out with the MOMA meme. It is sad isn’t it that often times, people ignore love and happiness in pursuit of money.
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Hi Roslim! My money advice is that make money work for you. Not the other way around. I learned this from Robert Kiyosaki. Thanks! 🙂
Hi Niralan, yup agreed with you. Maybe we could exchange more ideas on how to do it effectively. Cheers.
Hey Roslimh,
Thanks for tagging us for your meme game 🙂
Unfortunately It does not seem to fit in with the theme of our blog so we did not follow up with it. But we will pen our thoughts here:
1) Save 10% First
2) Save another 10% to invest with a target of 10% return
3) Budget 30-50% for your living expenses, no more.
4) Invest 20% back to yourself for self improvement and some recreation 🙂
Cheers
James
PS: I have been wanting to ask, whats the check box below for?
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Hey roslimh,
We have done a Blog Intro for your blog. It’s our way of saying thanks 🙂
Check it out here:
http://secretofunlimitedprosperity.com/124/blog-intros-to-return-some-link-love/
Cheers
James
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