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.
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.
Posts
