The Most Important Thing I Have Learnt To Date

And this is about money. Hate Money, Love Money, we have to admit that money is very important in our lives if it can cause so much emotions, debates around the world, regardless of race or religion.

If it can destroy families, build countries, make people become ascetic, make others discover more about their lives, and so much more, then that thing is powerful.

In 2013, I read T. Harv Eker’s The Millionaire Mind.

“The biggest obstacle to wealth is fear. People are afraid to think big, but if you think small, you’ll only achieve small things.” T. Harv Eker

It shocked my world. So many misconceptions about money that I have never thought before. I thought my life will be changed since.

How wrong could I be? Because up till June 2017, which is almost 4 years later, my mindset about money still remained where it is — in my mind. Even though I saw money differently, I still took the easy way about it — based on my habits, based on what my family and friends are doing.

I did not pay much attention to money. I did not seat down with myself and asked myself what relationship do I want to have with money.

“A person who won’t read has no advantage over one who can’t read.” Mark Twain

I would extrapolate this. If I had read and not acted, wouldn’t that make me the same as the one who didn’t read at all? In fact, I was doing worse, because I knew what had to be done and I did not work for it. I was worse than someone who was totally ignorant about money.

As I continued with reading, something inside me called me again — it called me to read T. Harv Eker’s The Millionaire Mind again.

I gorged on the book in 2 days, with renewed zest for life, and in college, I decided that this time I had to do something. Because if I could not manage money, if I could not manage my relationship with money, I would not be able to be rich. And I want to be rich.

More than the money, I yearned for the freedom. I see my parents slogging day and night, 5 days a week, continuously for 20 years. I told myself I do not want to be like them. There are opportunities in this world, why should I not leverage on such opportunities to be better than them? After all, the wishes of parent wish for their child is for him or her to outdo them.

I don’t think it matters whichever way we try, but that we create a life that we can do what like to do and earn money to be sufficiently free from the restrictions we would otherwise have if we lacked money.

“Life is a cliche until you start working on it”. Troy Lee

I would start measuring the amount of money I spent each week for a start. Because I read somewhere that said ‘You can improve on what you measure’, and I want to improve on the return on investments where I spent my money on.

“The single biggest difference between financial success and financial failure is how well you manage your money. It’s simple: to master money, you must manage money.” T. Harv Eker

I will make it as simple as possible, at this point in life, what success means to me is: I will link solutions to people’s problems; I have the freedom to do anything I want (short of hurting people), go anywhere I want; I will definitely work because I am doing what I like and that is not work to me, it is fun; I have time for my family and close friends; I have time for photography and health.

At this point, I stumbled upon Robert T. Kiyosaki’s Cashflow Quadrant.

To sum that book up, allow me to tell you a story.

Jack and John are the most capable man in Village X. They had no water initially, and the village chef found a nearby river. He wanted these 2 men to bring water into the village so the one thousand villagers could live better.

The bad thing was, the river is 1km away.

Jack immediately started work the next day, he woke up at 4am everyday, brought 2 big metal buckets to the river to get water for the villagers, so when they woke up at 6am, they would have water to drink. He charged the villagers $1 per bucket of water(10L).

He had been doing it for 4 months, and he earned a good amount everyday so he hired more people to help him.

John has disappeared for 4 months, not that Jack cares, because he wanted the villagers to depend on him only. Jack was happy that John was nowhere to be seen.

Little did he know that John was travelling around the region to talk to the smartest engineers, water sanitation experts, and excavation workers. John wanted to build a pipeline from the river to the village.

He started work on the fifth month, and within 20 days, water was running from the river to the village, without him having to exert any physical effort everyday. He sold the water at half the price of what Jack had sold, and the water was much cleaner.

It was too late for Jack to catch up, and after a while, he felt sick after being depressed, his income stopped. While John took a vacation, his income continued to pour in. Coming back refreshed, he decided to replicate this successful system to other villages, and he became a millionaire in less than a year. Those who helped him create this system also reaped the harvest.

Basically, this was what Robert was talking about, there will be 4 ways to earn money: Slog for someone else (left quadrant); Slog for yourself (left quadrant); Invest (right quadrant); Build a business system and replicate it (right quadrant).

For the first two, once you are sick, your income is gone. For the last two, you have dividends, you have passive income, you employ the smart people in the left quadrant to work for you so you can go on a holiday.

This goes beyond the fear that people have about venturing out on a business on their own. Yes it is scary to risk it all to start a business, it is much safer to work for someone else and let them take the risk. But if they take the risk, they will take the gains as well.

“The more a person seeks security, the more that person gives up control over his life.” —Robert Kiyosaki
“Take responsibility for your finances or get used to taking orders for the rest of your life. You’re either a master of money or a slave to it. Your choice.” — Robert Kiyosaki

I know I will just never be satisfied working for others. My friends know that, I hate to be restricted, I yearn for financial freedom. There seems to be a push from the fear of working for others, and the pull of desiring of financial freedom in the future.

I took the risk, I joined an entrepreneurship (start-up) competition, because if this was my future, I should start taking actions now. Fail? I only learn and move on to be stronger, I never fail until I stop.

“Everyone can tell you the risk. An entrepreneur can see the reward.” — Robert Kiyosaki

And I know that this will only build my future. I do not know how I will get there, but I have no doubt, that I will, and I will persuade all my friends to join me on this journey as well. We won the second award, a 3D Printer from the Bank of Queensland, and we will be securing more funds as we show results progressively. What is more important than the monetary reward is that I have met so many successful people through these few weeks and the competition itself. The network that builds on one another to be even better, one is a catalyst to another. It just feels that through osmosis, I will be better as I learn from them, and I will provide value to them.

An invaluable mentor told me, when you are talking to anyone, especially venture capitalist who manages hundreds of millions, if not billions of dollars of funds would be ‘How can I help you?’

I have been reading so much in recent years, that if I’m not wrong, at age 22, I have gone through nearly 1049 books. To be honest, I no longer hold pride in the number, but rather what have I acted on after reading so much.

“You’re only poor if you give up. The most important thing is that you did something. Most people only talk and dream of getting rich. You’ve done something.” — Robert Kiyosaki

I will start applying what I learnt. I know I will never fail if I don’t stop. My fear of getting stuck in the rat race and my desire of a financial free future where I don’t exchange my time and energy for money are so strong that I will do my best now to achieve that possibility.

“If you want to be financially-free, you need to become a different person than you are today and let go of whatever has held you back in the past.” — Robert Kiyosaki

And it all comes first and foremost, back to on thing — mindset.

“The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.” — Robert Kiyosaki

Am I going to allow stereotypes in society to stop me? Am I going to allow what people say to stop me? I know they mean good, my friends, my family, but the thing is most of what they say, are opinions retrieved from the words of others, and these others retrieved the opinions from someone else. How much of it is true? I have always believed that I will be successful and I will do good at the same time. But to me, I will not be satisfied being successful alone. I have friends, and I want them to be as successful, if not more successful than me.

“The moment you make passive income and portfolio income a part of your life, your life will change. Those words will become flesh.” — Robert Kiyosaki

I don’t believe in us competing with one another. We all have our capabilities, strengths and weaknesses. It matters not what we do, but how we do it.

Even if we collect rubbish, if we put in the best effort, we can be super wealthy as well.

“It is not what you do, but how well you do it that decides your success. And how well you do it depends on how much effort you put in, the sacrifices you have made beforehand.” Troy Lee

People scorn when they hear the word ‘network’, they think it’s devious, selling, scheming. I used to think like that, because there are so much retards giving ‘network’ a bad name.

“The richest people in the world build networks; everyone else is trained to look for work.” — Robert Kiyosaki

It’s as if the news only talked about the bad rich people, that’s why we think all rich people crash cars, hurt people and have low EQ.

“If you are a person with big dreams and would love to support others in achieving their big dreams, then the network marketing business is definitely a business for you. You can start your business part-time at first and then as your business grows, you can help other people start their part-time business. This is a value worth having — a business and people who help others make their dreams come true.” — Robert Kiyosaki

Ever wondered why that kid next block had that amazing job, when you had so many more skills than him? His uncle’s best friend own that MNC. Ever wondered why the rich will have children who will be rich? The children are in their parents’ network, and opportunities open up.

“Network marketing is based purely on relationship selling, which is the state of the art in selling today. Small and large companies throughout the country and the world are realizing that individuals selling to their friends and associates is the future of sales, because the critical element in buying is trust.” — Brian Tracy, Author and Motivational Speaker

My world got jolted again in July when I read Robert’s The Business School for the 21st Century, Second Chance, Rich Dad Poor Dad (again), I realized network is the only thing you can depend on, in this world of unpredictability. I trust my friends, and I know my friends trust me. The thing is I needed to expand my network if I wanted to go somewhere I was not in before.

This might be the place I want to be. There will definitely be good network marketing companies out there, who would allow me to earn money and do good for mankind.

“I am often asked if Network Marketing is a Pyramid Scheme. My reply is that corporations really are pyramid schemes. A corporation has only one person at the top, generally the CEO, and everyone else below.” — Donald Trump, President of the United States of America.

Some people say money corrupts, I do not believe in that, I believe money amplifies your character even more.

Money will give you the choices to choose in your life, money will give you the freedom to do what you want in your life, money will give your parents a good life. Passive income will be even better, so you have time to care for your health and spend time with your family.

And let’s say worse come to worse, you are still unhappy when you have money, would you rather be poor and unhappy or rich and unhappy?

To put that in perspective, would you rather be unhappy helping others make money, and worry about paying your bills or do you want to be unhappy in a Tesla somewhere in the Switzerland Alps, worrying about how best to donate your money? I would choose the latter any time.

Oh and you can be sure that I will practice what I preach. Actions are the only way to bring financial freedom.

Let time tell.

[Read Read Read: T. Harv Eker, Robert T. Kiyosaki]

love yourself, best yourself