Friday, September 19, 2008
Tuesday, February 26, 2008
Saturday, August 04, 2007
Baby Jadon is now 8 months old
Scroll down the page for more pictures of Jadon 4 months old and below.
Click on the "Wife's second pregnancy" link on the right for the full story of this miracle baby.
Friday, June 29, 2007
Work hard-save more or Work smart-earn more?
Malaysians are ill-prepared for retirement. Most underestimate the amount of savings they require to live comfortably in their golden years. As life expectancies continue to improve, and cost continue to rise, there is a real concern that EPF nest-egg alone will not be sufficient for most, in their old age to maintain the lifestyle they are accustomed to.
With Malaysians already savings bigger portion of their income than people of most other nations, the solution is not to save more, but to earn multiple streams of income.
Economist forecast that in a fast-changing knowledge-driven world, the new generation of workers will see their work skills become obsolete at least once within their career. Many people will find work opportunities diminishing as they age.
Globalisation can make jobs even less secure. Many jobs in Malaysia will increasingly be outsourced to lower cost countries, and economic turmoil in a country half the way across the globe can affect your career here at home.
Earning multiple streams of income spread your risk
Traditional way to earn
Professionals and employees trade their own time and effort for money. But there is a limit to how much wealth one can accumulate this way. Each one has a maximum of 24 hours a day. And the moment that can't trade their time and effort, the income stops.
Smarter ways to earn
1. Leveraging of time and effort
"Leverage" has always been the secret of the world's wealthiest individuals. They understand that the combined time and effort of many people always offer a much bigger income potential than what one can earn alone.
2. Residual income
Workers get paid each hour, each week, or each month that they provide a service. Smart people continue to earn into the future, based in part on the initial efforts. This residual value gives them not only the money, but the time freedom to enjoy it too.
Ask yourself these questions:
Can life be better?
What will you be doing differently today...... if time and money are of no object?
Learn more about residual income here Residual Income
With Malaysians already savings bigger portion of their income than people of most other nations, the solution is not to save more, but to earn multiple streams of income.
Economist forecast that in a fast-changing knowledge-driven world, the new generation of workers will see their work skills become obsolete at least once within their career. Many people will find work opportunities diminishing as they age.
Globalisation can make jobs even less secure. Many jobs in Malaysia will increasingly be outsourced to lower cost countries, and economic turmoil in a country half the way across the globe can affect your career here at home.
Earning multiple streams of income spread your risk
Traditional way to earn
Professionals and employees trade their own time and effort for money. But there is a limit to how much wealth one can accumulate this way. Each one has a maximum of 24 hours a day. And the moment that can't trade their time and effort, the income stops.
Smarter ways to earn
1. Leveraging of time and effort
"Leverage" has always been the secret of the world's wealthiest individuals. They understand that the combined time and effort of many people always offer a much bigger income potential than what one can earn alone.
2. Residual income
Workers get paid each hour, each week, or each month that they provide a service. Smart people continue to earn into the future, based in part on the initial efforts. This residual value gives them not only the money, but the time freedom to enjoy it too.
Ask yourself these questions:
Can life be better?
What will you be doing differently today...... if time and money are of no object?
Learn more about residual income here Residual Income
Sunday, May 27, 2007
Most Malaysians do not have financial security
It was reported in The Star on Sunday, 27/5/2007, that most Malaysians do not have financial security. It is a very disturbing fact Malaysians should be aware of.
ONLY 5% of Malaysians are prepared for retirement. Despite a growing awareness for the need to prepare for one’s retirement, many do not translate their plans into action.
Those in their 20s think they are too young to think about retirement, while those in their 30s and 40s tend to believe they are doing enough because they have their EPF savings. By the time they are 55, it is just too late.
The sad truth is that at 55, most people cannot retire with financial security. Based on EPF’s 2005 annual report, about 90% of EPF contributors have less than RM100,000 in their accounts – not enough to see them through 20 years past retirement
With people living longer, marrying and having children later and not saving enough, facing retirement is a challenge. While there is growing awareness about the need to plan, less than 5% are prepared for retirement and fail to take into consideration inflation rates and rising medical costs.
It is a fact that wages have not moved in tandem with the rise of the cost of living and inflation. That trend is expected to continue.
And if people do not start planning early for their retirement, they are going to find themselves in a spot after they turn 55.
Today, three meals cost you RM20 but in 20 years time – with an inflation rate of 6% a year – you will need RM64 per day for the three meals, estimates financial consultant Hazel Ong Archibald of CIMB Wealth Advisors (see Chart 1). The government puts inflation rate at 3.2% to 4.8% but Ong says in urban areas, that figure is about 6%. So while the RM500,000 in your EPF or bank account at retirement might look good on paper, she says, if you do not invest that money to make it grow at a rate higher than the inflation rate, 20 years later, it would be worth only RM145,053 in purchasing power!
And even if one has a life policy as well as savings from the EPF, people should still worry about retirement. This is because without a new source of income, that money would run out. This is especially so if one runs into health problems which is common when people grow older.
So are you prepared for your retirement? If not what are you going to do about it? Do you have a residual income flowing into your life so that when you retire, your income will continue to flow in. If you have that is good. If you don't, check it out and see how you can add additional stream of income into your life that will keep on flowing right even after you have retired. Plan now before it is too late!
Check it out at Residual Income Forever. Your retirement may just be something that you may want to do even before your retirement age.
ONLY 5% of Malaysians are prepared for retirement. Despite a growing awareness for the need to prepare for one’s retirement, many do not translate their plans into action.
Those in their 20s think they are too young to think about retirement, while those in their 30s and 40s tend to believe they are doing enough because they have their EPF savings. By the time they are 55, it is just too late.
The sad truth is that at 55, most people cannot retire with financial security. Based on EPF’s 2005 annual report, about 90% of EPF contributors have less than RM100,000 in their accounts – not enough to see them through 20 years past retirement
With people living longer, marrying and having children later and not saving enough, facing retirement is a challenge. While there is growing awareness about the need to plan, less than 5% are prepared for retirement and fail to take into consideration inflation rates and rising medical costs.
It is a fact that wages have not moved in tandem with the rise of the cost of living and inflation. That trend is expected to continue.
And if people do not start planning early for their retirement, they are going to find themselves in a spot after they turn 55.
Today, three meals cost you RM20 but in 20 years time – with an inflation rate of 6% a year – you will need RM64 per day for the three meals, estimates financial consultant Hazel Ong Archibald of CIMB Wealth Advisors (see Chart 1). The government puts inflation rate at 3.2% to 4.8% but Ong says in urban areas, that figure is about 6%. So while the RM500,000 in your EPF or bank account at retirement might look good on paper, she says, if you do not invest that money to make it grow at a rate higher than the inflation rate, 20 years later, it would be worth only RM145,053 in purchasing power!
And even if one has a life policy as well as savings from the EPF, people should still worry about retirement. This is because without a new source of income, that money would run out. This is especially so if one runs into health problems which is common when people grow older.
So are you prepared for your retirement? If not what are you going to do about it? Do you have a residual income flowing into your life so that when you retire, your income will continue to flow in. If you have that is good. If you don't, check it out and see how you can add additional stream of income into your life that will keep on flowing right even after you have retired. Plan now before it is too late!
Check it out at Residual Income Forever. Your retirement may just be something that you may want to do even before your retirement age.
Sunday, April 15, 2007
Tuesday, March 13, 2007
Babies look alike
Photo of two babies put together. Which one is the brother and which one is the older sister?
Baby Jadon 1 day old
Sister Janice 4 days old
Baby Jadon at 4 months old.
Sister Janice at 4 months old.
Look alike?
Baby Jadon 1 day old
Sister Janice 4 days old
Baby Jadon at 4 months old.
Sister Janice at 4 months old.
Look alike?
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