Sunday, November 9, 2008

Empower you


I have just successfully completed the three days course. I feel very joyful that I had learned many things, the most exciting is that I can share what I had learned to all of you.
Before I begin my sharing, I like to thank my friend Joyce gave me a ticket so as I could attend the seminar-T.Harv Eker's Millionaire Mind intensive course held in Singapore expo hall. Thank you Joyce to empower me. It is my pleasure to empower you through sharing as well.
Money management
It is important to have a right concept of money. With money we can do many wonderful things ( good causes ), helping family members, friends, the poor,etc.
We need to manage our money well, we need to have several accounts as follow:
1. Financial Freedom Account
Pay yourself first into this account 10% of your monthly income( term deposit/ investments), it acts like a money magnet. The time to spend this account is never. The idea is to create a golden goose. When you stop working, you get to spend the eggs but never the goose.
2. Long Term Saving for Spending Account
Put 10% of your monthly income into this account, this can be used for tour, contingency,etc.
3. Education Account
Put 10% of your monthly income in this account.
We need to constantly learn( growing ), if not, we are dying and full of ignorance. Like what Ben Franklin said:" If you think education is expensive, try ignorance."
4. Necessities Account
55% of your monthly income, this is for your food, transport fares,etc.
5. Play Account
10% of your monthly income, this money can be used for entertainment, movies, going out with friends, etc.
6. Give Account
Put at least 5% of your monthly income into this account. This money is for you to give, help the poor, charities,etc. If you choose to give 10%, then take the extra 5% from your Necessities Account( and change Necessities Account to 50%).
This is my sharing for today. Remember the following phase:
It's not, " when I have plenty of money, I'll begin to manage it." It's, " when I begin to manage it, I'll have plenty of money."
I hope one day if I have a chance to visit your place. I hope you can manage your money well, so you will be able to give me a meal.
Let's cheer it up, create a new files, delete all the old and useless files now.
You can do it, he can do it, she can do it, I can do it also. The universe will be happy if we can change for the better, see you on my next interesting post.

10 comments:

NAVAL LANGA said...

To Mr. coolingstar

I have just read some of your posts. I would like to read the rest later, as I liked the frankness and simply rich language you used while writing.

I am a writer. If you are interested in short stories and paintings, then a flying visit to my blogs would be a good idea.

Naval Langa

mousewords said...

That's all great advice--thank you for sharing what you learned!

Lynn said...

nice stuff to ponder. indeed everything will be okay with proper management. without it, i don't think an individual will prosper.

thank you for the visit and the nice comments, coolingstar. i really appreciate it.

have a nice day! :)

AngelBaby said...

It is so nice of you to share with us what you learned at the seminar. I found it very informative, thank you so much for sharing it.

Love and Blessings,
AngelBaby

bluedreamer27 said...

wow congratulations for completing your course! and yah youre right its just a matter of being optimistic in your life just look for the positive side always
]have a great day coolingstar thanks for sharing another wonderful advice

pinaykeypoint said...

Hi there, I'm here to visit you back :)Thank you for visiting my blog and for the nice comment.

You have a very informative post and money management is a very important knowledge and skill that everyone must possess to handle and manage not only for business purposes but for managing the home as well.

Very timely posts. keep it up :)

>>>Juliet

bluedreamer27 said...

hello my friend just dropping by here again have a great day

coolingstar9 said...

NAVAL LANGA,
You say:" I liked the frankness and simply rich language you used while writing."
You are a writer. Surely, I will visit you.
Naval Langa, thanks.

mousewords,
Yes, it's good to share it out.
thanks.

Lynn,
You are right. Everything will be okay with proper management. with it,an individual will prosper.
thank you for the visit and the nice comments, Lynn,i really appreciate it.
have a nice day! :)

AngelBaby,
It is fun to share with all what we had learned at the seminar.
Love and Blessings,
coolingstar9

bluedreamer27,
I had completed the course.
yes, being optimistic in life just look for the positive side always. Thanks.

pinaykeypoint.
You say:" You have a very informative post and money management is a very important knowledge and skill that everyone must possess to handle and manage not only for business purposes but for managing the home as well."
Nice comment,Juliet.

lilyruth said...

great article. Stopped by to read soe of your articles. I hope you will stop by and check out my new blog at http://dogcents.today.com

coolingstar9 said...

lilyruth,
Thanks for visiting, I will visit you soon.
Have a nice day.