Being At the Right Place at the Right Time is Important!

A lot of people work very hard to make a living. Have you ever wondered what are among the worst paying jobs?
According to this website worst-paying-jobs, these are among the worst paying jobs:
Farm Laborers
Dishwashers
Servers in Restaurant and Hotels
Bartender Helpers
Counter Attendants
Cleaners
Cashiers
Just a cursory look at the table in the article The Most Expensive and Richest Cities in The World would tell tell you that there is a whale of a difference in the pay of the humble dishwasher in say Copenhagen, Seoul, and Jakarta.
Does that mean the dishwasher in Copenhagen is the most skillful among the three? Obviously no! From here, we can conclude that choosing where to work is just as important if not more important than what you choose as your vocation. My point is, in life, making the right, informed choices can make a world of a difference as to where you end up financially.

Thinking of Striking it Rich?

Do you know these names?
Sergey Brin (aged 36) & Larry Page (aged 37) of Google each worth US$17.5 billion.
Jeffrey Preston Bezos (aged 46) of Amazon worth US$12.3 billion
Pierre Morad Omidyar (aged 43) of eBay worth US$5.5 Billion (2009)
Mark Zuckerberg (Aged 26) of Facebook worth US$4.0 billion
David Filo (aged 44) of Yahoo worth US$1.4 billion
Jerry Yang (aged 41) of Yahoo worth US$1.3 billion
What do they have in common? Where did they make their money?
How long did they take to make their money? If we are thinking about where to make our pile, where then do you think we ought to look at?

Source of statistics: Wikipedia.

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Tips on How to Streamline your Biz & Make It Lean & Mean

With the business environment the world over today becoming more and more challenging, many small business owners often struggle to stay afloat. What with the ever escalating cost of doing business. High rentals, high staff salaries, expensive costs of transportation, and other business overheads. Wouldn't it be wonderful to find practicable ways to bring down these costs?

I recently came across this webpage that shares some fabulous Tips on How to Streamline your Biz & Make It Lean & Mean
Read it and share your thoughts here.

Save money! Use VOIP Instead of your Telephone / Cellphones!

Make free PC-to-PC calls around the world to friends by using Voice Over Internet Protocol (VOIP) technology like Skype, Yahoo! Messenger, etc. There many other freeware that can be downloaded and installed and registered for to make free Internet Phone calls. Others may want to share and comment on these.
For example, with Yahoo! Messenger, you just need to select the friend from your contact list and click the Call button to get started. The friend you are calling and you, both need Yahoo! Messenger, a microphone and speakers (or a headset). If you own a notebook/netbook, you very likely already have these tools built-in. The same would apply for Skype.

You can make unlimited free PC-to-PC calls and the quality is almost impeccable. You would almost find it impossible to believe that it's free! PC-to-PC calling is currently available in the following versions of Yahoo! Messenger 10.
If your friend is unavailable, you can just leave him/her a free voicemail. Likewise, you can also receive voicemails from friends who were unable to reach you earlier. Voicemail messages are delivered as attachments to the email address of your choice.
Imagine, you can talk to each other for hours on end and you don't even have to pay a single cent for it all!

Must read If you are itching to invest ...

Here's an informative link that I would recommend you click, if you are itching to invest in something: Investing 101- Bull Market or Bubble? How to Know the Difference
It shares useful tips with the would be investors on what to look out for investing pitfalls. All the best in your quest in investing.

Beat Your Breast Now, If You Didn't Buy Gold Earlier!

Want to Save Money, make money actually, buy gold then! The price of gold has gone bonkers.
If you had bought 100g of gold in the second week of February 2009 at let's say Rm10,578.00 (Rm105.78 / g), today you would be laughing all the way to the bank because, your 100g of gold would be worth Rm13,280.00 (Rm132.80 / g). A return on your investment of 25.54% over a period of just over 9 months.
Even if you had the gold-sense to buy 100g of gold as late as in the middle of November 2009 at Rm12,313.00 (Rm123.13 /g), today you would wear a broad smile on your face because, it would be now worth Rm13,280. A return of 7.85% over a period of just 13 days!
Just a word of caution, I am not a gold-investment-expert. I just noticed that the price of gold has gone up like crazy! I shall not be liable in any way should you choose to buy gold now and the price of gold takes a tumble real soon. I really do not think this would be the case, but just in case, I do not want to be held liable for you personal investment choice.

Paying Off Your Credit Cards Faster

Some of us just can't cut up our credit cards because we are unable to pay off our credit card debts.

Let me share with you a strategy I learned somewhere sometime back. Let's say I owe Bank A Rm10,000 and Bank B Rm2,000. If I pay the minimum payment of 5% I would be paying Bank A Rm500 and Bank B Rm100.

If I had Rm1,000 to pay these two credit cards. Most people would either pay Bank A Rm900 and Bank B Rm100; or even bank A Rm700 and Bank B Rm300. These are not the wisest moves.

The better strategy would be to pay Bank A Rm500 and Bank B Rm500. Generally all banks charge 1.5% per month on your credit card balances. So, the interest you would save is same whether you pay Bank A or Bank B, but in the long run, it would be better to pay Bank B. Why? You would get out of debt faster because after you have settled your debts with Bank B, you could apply from Bank B to do a Balance Transfer to Bank A.

In a Balance Transfer, Bank B takes over your debts to Bank A. For business considerations, Bank B will charge you monthly rates as low as 0.5% over a period of six (6), which is way below the normal rates of 1.5%. Imagine how much you would save in interests.

And if you can discipline yourself, you can "swing" between Bank A and Bank B once every six (6) months. Imagine how much in credit interests you would save! This is easier said than done. You need to be disciplined and you have to time it and refine the "technique". However, I assure you that it is worth your while!

Time To Cut Up Your Credit Cards!

Time to cut up my credit cards!!! Time to tell my MP he had better fight 4 me on this (or else... he knows what to expect come the next GE ) Rm50 /credit card Service Tax! If you have 21 credit cards like some of us, you end up paying the M'sian Govt Rm1,050.00 service tax /year! Remember you still have to pay annual subscription fees! The average Platinum Mastercard Annual fee is Rm250. Multiply that by 21, it comes to a whopping Rm5,250.00. This is humungous!

Is Your Money Really Safe in the Bank?

Further to my earlier post on June 4, 2009 entitled, The Amount of US dollars in Circulation is Skyrocketing. How Does that Affect you and me? I refer you to what Robert Kiyosaki recently posted in his Conspiracy of the Rich Bulletin:

Is Your Money Really Safe in the Bank?
Seems that even financial gurus are hurting in this economic downturn. Suze Orman recently teamed up with the FDIC in an endorsement campaign engineered to assure you that your money is safe in US banks. But as Robert says in his latest Conspiracy of the Rich bulletin, while your money might be physically safe in the bank – you could still be losing. "Suze claims that no one has lost money deposited in a bank that was insured by the FDIC. That may be true, but how do you define losing money? The true picture is that the Fed is printing trillions of dollars. This means you may not be losing your dollars, but your dollars are being diluted with trillions in counterfeit money. Parking your dollars in an insured bank causes them to lose purchasing power as commodities such as gold and oil are going up in price. "
– Excerpt from Robert’s Conspiracy of the Rich Bulletin


Think about it, this is the biggest Theft of the Nations. Is keeping cash really that safe now? What with the looming hyper-inflation and the apparent ongoing collapse of the world financial system? Thinking of depositing your hard-earn cash in the safe-and-secure bank, think again!

Anybody can think of any other alternatives?
Robert Kiyosaki recommends investing in precious metals like gold and silver.