Wednesday, July 04, 2007
Thursday, December 28, 2006
Chinse Funeral Tradition
Your Yourself = 2 Generation
Your Son = 3 Generation will wear Black with White Lantern
Your Grandchild = 4 Generation will wear Blue with White Lantern
Your Great Grandchild = 5 Generation will wear Green with White Lantern plus bit RED
Your Great Great Grandchild = 6 Generation will wear RED with RED lantern like CNY hahaha
So by calculation anyone can consider Die Happily according to Chinese will have to marry at 25 year old and with all his generation as well then you at 100 will have the 6th Generation.
Adious
Wednesday, November 15, 2006
MID-LIFE CRISIS
Excerpts from Milan Doshi :-
Monday, October 30, 2006
Moneyed Capital = Lesson No 1. Let the Money Work for You
My Moneyed Capital Idea seems to match the above lesson that the famous author wrote. After finished listening and digesting to the audio of Rich Dad, Poor Dad that I still keeps playing it whenever I am in my car (Car is my Second University now - Make it Your as Well). I heard some people comment differently from each others regarding the point that the author trying to conveyed to us. Some saying that guy asking all of us to become own boss or investor then who will be the workers? (imagine in the economy where all were boss) and some said that the lesson that guy mentioned will only apply in US only.
Back to reality, I will like to ask 10 out of 10 ordinary workers how many dared to break their routine 9-5 job to become own boss or investor? How many will take the risk if they already in comfortable position in reputable MNC? (Multi-National Company). I guess probably if we managed to get to know 2 out of 10 them who dared will be good enough because I believe 8 out of 10 would not dared to take the challenge and risks to become own boss.
I am not promoting everyone to jump to the bandwagon because it will take careful planning and certain qualities to become own boss; but do not take it too long by dragging it using excuses after excuses to break out from the norm. (Frankly, I also do not have all the quality) My intention here were to point out that the author want us to understand that to become successful or rich will required you to become your own boss. Due to the environment we see only 2 who dared to come out become boss while 8 remain as workers. As for that; 2 of them might be successful and live life financially independent, while those asking that question who will be the workers; remain worker.
Friday, October 27, 2006
Opportunity - Power of Capital
Finally I have the time to put all the though in word after finalising the idea and getting some comments from 3 of my close friends. All agreed that the idea sure make money with minimal risk but all of them have the problem of getting the money as capital due fact that in order to borrow money from peoples you must be trustworthy. Even from parent, brother, sister, relatives and friends the more they trusted you the more money they are willing to take out from their coffer to loan you first.
Classic example will be "Hey Mike! Can you borrow me 10 buck or pay for my meal first I forgot to bring my wallet! The reply will be sure no problem without even thinking (10 buck only ma since friend for 10 year lioa). However if you asked "Mike can you borrow me 10k for me as capital to open my business" sure he will think twice (my 10k FD mature tomorrow earn me 25 buck a month but borrow him got no interest cause embarrassed to ask, plus if his business fail then when is him going to pay me back? Some more i got experience borrow close friend 1k that almost caused my friendship when ask him to payback) and answer "I do not have that much money and many other excuses" as the smarter choice. Here come my idea to fill the gap of no confidence and trust. Before i go into detail of my idea let run through the meaning of CAPITAL.
Exert from Online Dictionary.com :
Capital in this article is not the city or town but the wealth, whether in money or property, owned or employed in business by an individual. Any form of wealth employed or capable of being employed in the production of more wealth. While Moneyed Capital is the capital that consists of or represents money that is used or invested (as by a bank or investment company) for the purpose of making a profit on it as money
My idea of this Opportunity of Moneyed Capital will need Hard Cash or $$$, the more you managed to gathered the more Return of Capital Investment you will be able to get. Ask it from your parent, bother, sister, relatives and friends, how many of them and how much money that they put in our normal bank FD payout at 3% p.a. interest monthly. They will be your target people and their money in that FD will be your Capital for my idea.
This is how it works, sell them the idea that you wanted to start up business let put the example 100K as start up capital.
Capital borrowed by your sponsors to you can enjoy:-
- Guaranteed return to them with interest of 4.5% p.a. which is 1.5x higher than normal FD payout. Payout of 375 buck in interest will be made monthly to them.
- Reward with the possible extra bonus return of 4.5% to 6% p.a. interest that equal to 2x earning than their normal FD rate when you make extra profit. (will discuss with anyone interested in detail; on how and depend on your willingness to reward your borrower)
Term and Condition will be :-
- You can assure them Guaranteed Capital Repayment if they wish to withdraw but must be after 6 month period otherwise 0% to 2% loss might incur on their capital. (after 6 month the 2250 interest will be their with Capital of 100K returned)
- Asking and informing them to allow you 10 working days for their capital investment to take into effect and 10 working days for you to prepare the check if they want to cash out after 6 month.
- Telling them also that if the Political, Economic, Social and Technology environment changes affecting your business you can opt to return them their 100% Capital Investment together with nearest maturity date interest. ( I will discuss how PEST affect my idea in my coming posts) Otherwise you might got better entrepreneur idea you can use their capital as your stepping stone for your business. That I would not guaranteed return as you already being able to stand on your own feet but remember to pay them 4.5% interest minimum and considered 100% capital payback to them if they asked for it .
= 1,300 (216.67x6) was what I will get in 6 month on others money
= 100K (variable of +1% or -1% for example)
Capital 100K
Possible profit = 4,200 ( 99,000 + 5,200 -100,000) base on plus minus 1% while
Thursday, October 26, 2006
Meaning of Capital
OK. Enough say and back to my title of this post. At one point of the discussion one of my friend bring out one business idea. He suggested to re-conditioned those old car (Mitsubishi Galant. Proton Saga, Datsun 120Y ....) into showroom condition and sell within the bracket range of 10K-15K below the Kancil or Kelisa price. Imagine new graduates looking for a 30K box getting him or her and companies around here and there (CAR) . This group of peoples was his target customer with the reasons that I give them a bigger box, higher engine capacity that reliable at half the price, plus bonus of new emerging trend (getting publicity to become the in thing) and most important of all above, Value for their parent hard earn Money. ( Robert Kiyosaki advice to Invest in Asset not Liability = recommended reading Rich Dad, Poor Dad)
The discussion getting hot and lively with one of my sleepy friend also awaken during the wee hour of our about to end mamak session. Everyone putting in idea improvement, suggestion, know-how, comment, critic and et-cetera. I already get the big picture of the business; where to get the old car, who can repair and repaint, where the showroom can be used and getting the sales agent. All of them was in my another group of friend together with the idea on how to protect our business from competition once the idea works and becomes the trend. There is no full-proof competition in the business but at least we could enjoy the soup first hand and how much we can drank before others join us to drunk the same pot of soup is depend on our abilities. Competiton for me have its pros and cons as we cannot and would not able to control the entire market.
Finally the idea is there, plan is there, people is there, opportunity is there, risk is there but one thing is missing when I pop up the magic word "CAPITAL". I ask the idea's contributor how much money you can come up ? The answer he give is "my IDEA is my CAPITAL", in the other word to come out with money could cause him a lot of efforts. Then another friend of mine joke in that he would not mind contributing his father old car (Mistsubishi Galant) as the test bed cause at the end of the day if the idea fail he still could gain the new look of his father car. (thanks for the re-conditioned guys). After that the Capital issue slip under way, under coffee table loitering around the belt and gone into the pant. End of the mamak session I was left fuming waiting for an answer from any of my friends that at least ONE can say I got 2K, or I got 5K, or I got 8K, or I got 10K; let make it happen convert the idea into detail plan; works out the plan using the gather Monies; realised the idea by actions not words. Sucesss or Failure still an unknown areas (Who Know), but without "Money working as the Capital" it was sure doom failure even you have the most brilliant idea in the world.
When I reach home 2am morning, I was having long and thorough though of my friend's idea. I discover another Idea or Opportunity with the Power of Capital that is much simpler and could be the stepping stone for anyone who wanted to get out of the routine 9-5 work. I work it out until 6am until I satisfied with the outcome of ROI and the PEST Risks consideration but frankly it still required final touch on the minor minor thing to attract people to buy the idea. I will reveal it in my coming post Opportunity - Power of Capital once I have satisfy the touch up. OK