“Invest” In The Cell Phone?

To be frank, there are still quarter of millennial still using their flip-flop cell phone*if you know what is a flip flop cell phone. Even though there are still many people out there care a lot the new iPhone 6/ 6 plus, upgrading their old iPhone 5/5s (frankly, it’s not OLD cell phone yet) compared to those millennial who still using their flip-flop or slide phones.

Honestly, the old generations’ cell phones seem to be more durable a.k.a. tougher than the touchscreen cell phones. Add on here that the flip-flop dropped on the floor more than three times, more than one floor is still functioning. (BIG applause!)

Other than that, they said they can save a lot of money as they are using the old cell phone that disable them to go online and they don’t have to pay for data! Some more they can attach to the world a.k.a the people around them but not attached to the internet and social media. Plus, why we need to spend couple hundreds on this thing and can’t get our eyes off, hands off it huh.

So, why need to “invest” on the gadgets while we can bond with the people around us?

Here’s a gag from the #9gag cell phone is the new prison, so don’t get trapped in it.

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

Like our Facebook fan page to be updated on the latest news on our events.

Reference:

time.com/3318573/flip-phones-millennials-iphone6/

First Step: Invest in Bank

As a fresh graduate, our first bank account would be the free account opened for first job? Then you only visit one bank, login information and one password. But once you are stepped into the real world, one bank account will not be enough as your financial plans have change, so you will need more and more banks account to deal with your financial life.

To be frank, keeping all your money in the same account, when you are checking account balance and there are four or five figures that make you feel richness and the temptation to spend.

Find a better rate, do some research first on a few banks, then transit your savings to become Fixed Deposit (FD) so that the money can earn a little bit from the interest as passive income. Even if you did not put your savings into FD, then all the interest is lost even though it may only earn a few hundreds.

And don’t simply open accounts for any bank, figure out how much you will have to pay in terms of fees and other charges. Somehow, the bank might charge you more than you earn from savings. Remember to think twice before you make a move as switching bank or closing account might be very troublesome.

So, spreading all your money into different banks are kind of security. As in most of Malaysia’s bank is secure and protected under the Perbadanan Insurans Deposit Malaysia (PIDM) membership scheme.  So, just make sure the bank you are keeping your savings is a member of PIDM. Do more research first in order to know whether your bank/s is under the protection of PIDM,.

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

Like our Facebook fan page to be updated on the latest news on our events.

Reference:

http://lifehacker.com/one-bank-or-many-where-should-i-keep-my-accounts-1206824353

Investing On Your Own

So, from the previous article, I have been talked about investing based on your knowledge is mostly important as it’s not only a tool for investing, it’s also can save a lot of time doing all the research and approaches.

Therefore, the combination of your time, your knowledge, your motivation and your research will be the key towards your successful investment.

As investing is a long term one, in spite of seeking help from the experts or agents from time to time, it’s better to doing it on your own. but for the newbies who just get started with investing, seeking for the advice from the professionals are inevitable, so learn a few tricks from them and doing your own analysis rather than just depends on them all the time. So, as you started to know how to interpret and analyze from the data and portfolio, and decide on which to buys and sells, and everything of the investment thingy.

So, you can get an Advisor who paid on hourly basis or a part of financial plan, provides you with recommendations that you can seek for, however, Advisor won’t help you monitor the market, or inform you of any unexpected occurrence that happens. Or an Advisor and you “co-manage” your investments on an on-going basis, which the Advisor helps all the time, he/she provides recommendations, inform actively for any occurrence that happens, reports to you the portfolio periodically, updates your Investment policy statement and any changes that occur.

Get a money manager who helps invests the money according to the plan, and makes changes as needed, so, you just observe everything.

It’s depends on you whether you want to hire a part-time basis Advisor or on-going basis Advisor, as if you always have a plan and knowledge to manage your investment, go for the first one, or you have the plan but lack of knowledge and tools, then you probably should hire an Advisor.

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

Like our Facebook fan page to be updated on the latest news on our events.

Reference:

http://www.forbes.com/sites/feeonlyplanner/2013/04/24/5-ways-to-invest-your-money/

Invest In Your Expertise Area

For most of us hesitate to move a step forward into the investment, because we don’t know how the market run and we don’t have any idea on how to invest in the right market or right company or right stocks. However, you can take the advantage of your area of expertise to do investment.

As the Warren Buffett, who is a legendary investor and has been the third richest man on earth, said that “if you don’t understand a business, don’t buy it”, it mean that if you understand a business or a sector, then you have the advantages when it comes to buying the stocks, your understanding or experience may not seems related with the stocks you are going to buy, but it’s actually related when it comes to investment. You knowledge will help you in the stock market. As an example, you are good at gaming, so you will know which game will flooding into the market, so you may invest into that game.

So, everyone has something that is your interest. And you can translate it into the stock market no matter what your interest is. Here another example, if you are a coffee lover, you will know which coffee shop served the best coffee and who’s the competitors and yet you’ll know how the companies grow.

Or as if you manage to read the novels before it become on top of the list on New York Bestseller, you might caught some books before it picked up to be turned into a movie, like the Hunger Game. You might want to invest in the film produce company.

So, investing might be easier from your expertise. but also remember to do research before you made any investment even though you know the company. 

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

Like our Facebook fan page to be updated on the latest news on our events.

Reference:

http://www.forbes.com/2010/05/19/invest-in-what-you-know-personal-finance-investing.html

Housing Investment, Is It A Right Time?

One of the way to generate passive income is from rental property. Buy a property and become a landlord.

Whereas here’s a person who is the Novel prize winner Robert Shiller totally has different view from most of the people regarding buying and investing in housing property. He always has the same answer whenever people asked him on the investment in property, for Business Insider after that Bloomberg TV’s interview.

From his view, investing in housing is not viewed as great investment, because it will need maintenance from year to year and out of style plus technical progress. So, new one is better. Then the people will just rent a house instead of buying own house. Here’s he compared buying a property with buying a car, as the car will deteriorate and depreciate after years and no one want to buy a second –hand car. We can’t compare a house with a car where even a car can undergo overhaul to become a brand new one, whereas a housing property will become more precious especially those developed states. Although the 30 years old roofing, carpet and kitchen appliances are old enough, but the price still going up, and still gain a profit after the maintenance and renovation.

But still the property is a win for Malaysian, perhaps we may lose some interest payments. As from my own point of view, I have rather pay the loan for my own house than paying as rental fee as it’s like throwing the money into the sea.

The property in Malaysia, especially Klang Valley, Penang and Iskandar City are hot market, even some of the big cities in Sabah and Sarawak’s housing property price is rising up. Therefore, the bubble market could not have happen.

The rental income still can cover the bills. And for those who still can’t afford to buy a housing property, here’s the chance as the government comes out with housing scheme for cheaper housing. 

If you want to know how to become wealthy, come to the Wealth Summit 
organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

 Like our Facebook fan page to be updated on the latest news on our events.

Reference:
http://www.starproperty.my/index.php/articles/investment/is-a-house-a-good-investment/

Invest to get rich

There are always articles on how to get rich, the answer probably is investing. Invest your money is one of the most efficient ways for better financial status. But, you have to invest wisely. This means, in other words, you must understand how the market runs and the risk of the investment based on your current financial status. So, does research before you start invests. Pick up some real good stocks to invest instead of jumping from one stock to another, as you are not the expert yet to know how it might work. And it may lead to losing your hard earn money.

Most of the people makes mistakes of spending their money at the wrong place instead of use it for investment even it is only a small amount, so that’s why they never be rich. As the saying goes, Rome was not built in one day, some people never realized that small amount of investment will have huge difference in long run. 

Let’s plan for your future.  Here the thing, an ordinary white collar worker spent RM3000 for a handbag where she earns Rm 3500 per month of income. It’s merely her whole month salary. Why don’t take the 3000 ringgit to do investment rather than buying a pricey not worthy branded bag and soon the price drops, but if the money were taken to do investment, you are already on your way to build wealth.

Here’s the last point.

Take the risk in order to be a good investor. Higher the risk, higher the probability of higher return, but it’s depends on your personality and attitude on how well you can tolerate with the risk.

Be patient as the profit will not come within a short time, but it will increase consistently over the years. There is no short cut or easy way to earn  a profit, so don’t risk yourself to invest in the rough and risky one as want to make a lot of money quickly, you may turn up lost all your money. 

If you want to know how to become wealthy, come to the Wealth Summit organized by Wealth Mastery Academy, an organization that is committed to providing wealth creation strategies to help the masses achieve financial freedom.

 Like our Facebook fan page to be updated on the latest news on our events.

Reference:

http://www.invest-in-gcm.com/the-right-mindset-for-investing.php