Knowledge Vs Money

Knowledge is the new wealth.

Over the weekend, I watch the show, Social Network, a story about Mark Zuckerberg(founder of Facebook), just in case some of you doesn't know.

You don't need money to make money.

Anybody who tells you that you need to have money in your bank account before you can start a business is depriving you of your rights.

A characteristic of an entrepeneur is raising capital through sales and selling the futures(Vision) of the company/products/services to potential investors.

Although it would have been easier if you have money in your bank account to start the business.

But, you don't need money to own your own business.

Its quite an interesting month this october, with the currency "war" going on, silver outperforming gold, launch of the 2 big IPOs in singapore & Merger of SGX & ASX.

It's an exciting time for many of us.

However, it's not good enough to just get excited over all these things and watch the trend.

Cause when there are so many events going on, there's always winners and losers.
As the currency "war" is going on, who will prevails and who will lose.

And as individual, how do you guys actually safeguard yourself?

You might ask, how does it affects me, i'm too small an individual to be affect by the big nations currency war that is going on.

Yes, i'm telling you, it's going affect you to a certain degree.

Why is US pressing the Chinese to revaluate their currency ?
Why is it that the US dollar weakens again ?

The chinese keeps their dollars low and US is weakening their dollars as well because that will help to fuel growth.

Yes, you might think it's impossible but that's how they are doing it.

By having a weak dollar, export become more affordable for your neighbours and they are more likely to buy more.

It like GREAT SINGAPORE SALES!
But thankfully, Singapore dollars is still strong.
But then if singapore dollar were to be weaken, which I don't think so, it means that your paycheque and your savings in your bank is going to be weaken as well. Something to watch out for.

And ever since silver outperform gold, is silver still a good buy ?

Or is commodities still a good buy ?

I always believe that Gold and Silver never actual appreciate or depreciate.
It's is just Gold and Silver, the reason of the price changes in Gold & Silver is because of a few factors, inflations, interests rate, and the purchasing power of our dollars, supply and demand, period.
So when you hear people says that Gold helps to hedge against inflation is true, because Gold always is worth it's value, and it never changes in value. The reason you see changes in it's prices, it not actually Gold prices changes, it the economy is changing.

So as many of you can see, having money doesn't help makes you more money, although it might come in handy compared to if you have none.

But knowledge of money and how it is changing will put you in a position to profit from these changes that are taking place around us right now!

Happy Profiting!

"Robbers" in Suit & Tie

Previously, we've been discussing on the rich, middle class & the poor.

In an idealistic world, there should be no lack. Everybody is provided for.

So in an idealistic world, there's no gap, there's no such classes as the rich, middle class or the poor.

Stay with me, we are going somewhere exciting today.

So is it possible for rich man to share his wealth with his fellow countrymen.

Man had tried that, and it didn't work.

It makes people lazy and unproductive.

Cause why should I be contributing if all my needs are provided for? Even if i'm very productive, I don't reap the rewards, somebody else does.

Out of it, capitalism was borned.

The beautiful thing about capitalism is that, you are compensated accordingly to your contributions.

So if you're poor, it simply means that you are not contributing enough to the society.
If you're in the middle class, you are contributing just enough to the society.
If you're rich, it simply means that you are contributing alot to make our world a better place to live in.

The end results is just a mirror of your contributions to our fellow men.

But the dirty truth is that, men being men, we are self centered & always thinking, " what's in for me?!"

Me included.

And because the end results help you to achieve your objective in life, giving you the luxury in life, people became obsessed with the end results when they should be focusing on the process.

When you become obsessed with the end results instead of the process, that's why you can go crazy. It doesn't matter how you do it anymore. As long as you achieved your end results.

A man want to buy a diamond ring for his wife, it cost let's say $30,000.

The man only earn $2500 per month, so he needs to save every single cent for 1 year to buy the ring.

Instead of thinking how he can contribute to the society to be compensated well enough to buy the ring for his wife, he wants instant gratification.

So he gamble, 4D, toto.
Quick bucks, illegal activities.

In the book Think and Grow Rich, the author, Mr Hill mentioned that, true success is getting what you want without violating the rights of your fellow men.

But the world is changing in such a way that, when people wants to achieve their objectives, they violate the rights of their fellowmen to achieve what they want.

People steal, but this time round, they do it legally.

Without being labelled as a crook.

They wear an expensive suit with a branded tie.
They bang on your financial ignorance to prosper themselves.
They violate your rights and breach your trust to make themselves rich.
They take debts and package them beautifully and sell it to you as an asset.

Did anybody comes into your mind?

And the biggest financial headlines right now, how does it sounds in the light of what I've said?

http://sg.yfittopostblog.com/2010/10/10/clients-need-to-be-mindful-say-insurance-agents/

According to the news, it is the first case in singapore that the agent package a non-existence policy and sell it to her client as an asset.

Creativity perverted.

Regardless whether the agent or the client is at fault as the verdict isn't out yet.