by Helmi Hakim | May 18, 2011 | Insurance, Investment, Miscellaneous, Motivation
Alhamdulillah….I completed my 2 exams, Advanced Quantitative Analysis and Corporate Finance, last week… 🙂
It is definitely challenging for me, to juggle both work and study at the same time, but I guess, I will soon, get used to it. I am thankful, that my job, as a financial consultant, is pretty FLEXIBLE. 🙂
We can make appointments as and when we want. We can postpone appointments, when the exams are drawing near….all in all, while still maintaining our steady paycheck. Isnt that cool?
All right…. As I undertake my studies, I will share with you, stuffs, that I learn in school, which I believe, can be applied in the business world. Let us start, with MAKING DECISIONS… 🙂
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In life, we are bound to make DECISIONS.
It may be a big decision or a small one to make.
It may be a simple one, or a life threatening one.
It may be a routine one, or a ONE TIME decision.
Today, I am going to share with a you, a very good decision making model, that I have personally learnt in class and then apply, in the real business world. 🙂 Just browse through the slides below to get an idea… 🙂
(Note: Some details were omitted due to confidentiality)
Lastly, after computing and tabulating the scores, a final decision is made!!! 🙂
by Helmi Hakim | Feb 14, 2011 | Insurance, Investment, Miscellaneous, Motivation
Is there at times in your life, where you were overwhelmed with questions?
Questions about life….Questions about relationship…..Questions about business….
Questions that it seems difficult in finding the answers, especially one, that in conjunction with the Quran and Hadith.
As a financial consultant, I would consider myself as a voracious reader and collector of books on personal finance, sales, motivational, inspirational, business and politics etc2….. (I have a huge library in my personal office and at home)
When imbued with questions, I will seek the answers from these books. While browsing through all those books in my collection, I soon realize that almost 90% of them were written by Western authors.
Motivational books, I will find the likes of Anthony Robbins, Jack Canfield, Stephen Covey, Wayne Dyer
Book on sales, I will find Zig Ziglar, Brian Tracy, Tom Hopkins, Jeff Gitomer
Books on business, I will find Robert Kiyosaki, Richard Branson, Donald Trump
Books on motivation, sales and business, in relevance with Quran and Hadith, and in English???
I could not find any, of quality…. 🙁
So, when my friend, Bro Hafihz, starts with the revolutionary idea of IslamicBusiness.SG, I was happy. This is because, if I have any queries, I can always type in the website and answers will be provided by a panel of experts, and it will be substantiated with the Quran and Hadith.
The point system is also helpful, for me to determine, amongst all the answers to the question, which is the best. 🙂
I will urge you, to browse through the questions that I have posted, and participate. Share your thoughts, and post questions if you have any……Visit www.islamicbusiness.sg today… 🙂
by Helmi Hakim | Jan 11, 2011 | Insurance, Investment, Miscellaneous, Motivation
These few days, I have been meeting financial advisors from other tied insurance companies and independent firms….and guess what?
I get to know, all of them through this blog!!! 🙂 🙂 🙂 powerla
You know as I joined Cabaran 101010, where we challenged ourselves to achieve $100,000 in net profit within 10 months, I have made a conscious decision to blog what I have learnt along the way. Maybe, if you are a financial advisor too, reading this blog, you can share your strategies…. We can learn from each other. 🙂
I will blog what I have learnt along the way, from people who surrounds me, or from books that I have read.
I realize that by doing so, it forces me to think and reflect more, on how, I can use what I have learnt, and further apply it to improve my business. I will apply it, contextually in my situation.
Today, I just read 8 Wealth Tactics From T Harv Eker Guerilla Marketing Strategies.
Note: As the strategies will require some bits of explanation, I will blog, 1 strategy each day,and show how I will apply that strategy in my business.
Strategy 1: Business is as simple as KISS
KISS stands for Keep It Short and Simple.
In business, you dissect it into 3.
1) Create
2) Sell
3) Admin
For any business to succeed, you need to focus MORE on selling. If you are not selling, you won’t make money. If this means that you have to reduce your admin, or outsource, then you should because you only get paid when you sell.
The ideal breakdown of your resource and time allocation should be:
1) create – 20%
2) sell – 60%
3) admin – 20%
APPLICATION ON STRATEGY 1
I realise, that at times, I spend more time, on idling. Surfing the net, chatting with friends, facebooking, reading etc2…. and generally all these activities are not money-making for me. THERE ARE 2 THINGS THAT I WILL DO IMMEDIATELY….
Roadshows– There are about 30 days in a month. 2 weeks in a month, I will allocate time for roadshows. From there, I will generate leads, or perhaps generate clients immediately, through special needs, financial planning. Just by that, 50% of my time, is focused on selling.
Telemarketing– Business are always generated through appointments with clients.No appointments = No business
I will make Friday, a telemarketing day for me. Friday will be a day, where I will call all my leads for the following week appointments. I need to have at least 15 appointments, for the following week, before I can go home. No 15 appts = Cannot go home
By having 15 appointments per week, it will also ensures that I dedicate much of my time on selling, in my context, advising my clients how they can grow their money, make their money work harder for them, all in all, to achieve their financial objectives.
Brilliant!!!! Sounds like a game plan to me!!! Stay tune on my blog, to read the other 7 strategies that I will apply…. For now, I will work on this first…Take one step at a time….. I will update you of my progress!!! See ya!!!! 🙂 🙂 🙂
by Helmi Hakim | Jan 9, 2011 | Insurance, Investment, Miscellaneous, Motivation
Its already 3am here, and I’m struggling to sleep. I guess, it is because of the caffeine from the redbull, I drank for my run just now.
Seriously…I can’t sleep, so I feel, it is best, that I update my blog on my developments for year 2011. itistheraphyforme andlotsofpeoplewanttoknow
1) My book, “You Can Be Your Own Financial Consultant In Singapore”
Some of you, might be asking. What happened to the book, which I have written and intend to publish?
My Answer: I have completed it.
Yet it is a business decision for me, not to publish it right now. To publish it, and get it circulated all over the local bookstores in Singapore is EASY. Just pay $4000, and everything settled. I choose to garner more credibility,and exposure first, and then proceed with my game plan.
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2) Bachelor of Science (Hons) in Banking and Wealth Management
In another 2 weeks time, I will be starting my part time studies. I will go straight to second year, because, I have a finance diploma. I have Diploma In Accountancy from Ngee Ann Polytechnic and have 3 years working experience as a financial consultant.
The reason, why I choose this degree program, as opposed to others, is because I LOVE the modules, available for me. The modules are practical, and things that I can apply immediately. One of it, is Islamic Banking and Finance….
80% of my clients are Muslims, and having the expertise, will thus help me, better assist my clients in the financial planning process, in accordance to Shariah ruling.
That is all for today….My body is aching…..Need to rest well…See ya!!! 🙂 🙂 🙂
by Helmi Hakim | Jan 1, 2011 | Insurance, Investment, Miscellaneous, Motivation
Year 2010 has been a fruitful year for me!!! 🙂
Boy…..Time flies fast, and now, ITS ALREADY YEAR 2011. few more years must get married already
There are some Goals that I have accomplished and some, I have brought forward in my year 2011 resolution.
I realised, that I have quite a huge following in my blog and facebook…and it makes me motivated, seeing “strangers” out there, coming to me, saying that they have benefitted from reading my blog and facebook posting….
There are many goals that I have achieved and exceed beyond my own expectation, but one that is still “work in process”is my goal to be an MDRT.
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MDRT stands for Million Dollar Round Table….. When a financial planner, is an MDRT, means he earns more than $10,000/mth and he belongs to the top 5% financial planners in the whole world.
I’ve reviewed the reasons why it is sooooo….hard for me to achieve MDRT, in my 3 years of business. Let me elucidate to you….
Lesson to be learnt for 2010, we need to
1) Concentrate on our strengths instead of our weakness
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My strength is roadshows. Roadshows give me constant stream of leads to work on, keeps me busy, and also have the highest conversion rate.
Mistakes: I realised, that I tried to venture on other avenues, like facebooking, network in seminars, internet marketing…to generate business, when all that, are not my strengths. When I dwell with other avenues, I get cluttered.
ACTION FOR YEAR 2011: I will direct 80% of my resources on doing roadshows at Malay/Muslim dominated areas.
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2) Stick to things that has PROVEN to work, and not try to create something new and less proven
If you have $1, and you give me, that $1, tomorrow, I return you $1.20…. Is that a GOOD INVESTMENT?
If you continue, to give me $1 every day, and I continue to give you $1.20 CONSISTENTLY…..then, its an investment that is proven to work and have a track record.
MISTAKES: One thing that I have done wrong was that, I always think, that there are something better that need to be implemented, and I neglect what is already working.
ACTION FOR 2011: Roadshows/ day cost about $80
1 week: $80 X 7 = $560 + $200 set up cost = $760
$760/6 members = $127/ rdshow member
After subsidy by company: $65/ rdshow member
Per roadshow, easily, I can have 2 sign ups, with total average annualised commission of $1000.
Invest $65 to get $1000…This is a winning investment!!! I will DIRECT MY FULL ENERGY ON ROADSHOWS!!!! 🙂
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3) Surround ourself with highly positive, super charged up individuals….Their positive vibes are HIGHLY contagious….
Alhamdulillah….Naturally, people around me are SUPER POSITIVE….Year 2011, I am taking a more proactive step, by joining Cabaran 101010, organised by Abang Abu.
With over 1000 participants and 10 millionaire mentors, to help us, I am sure that the energy will be SUPERBLY HIGH and there is no room…EVER, for me to feel low….
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4) Exercise and proper nutritions….It will give you energy to achieve all your goals….
Alhamdulillah…I am getting fitter and fitter, day by day.
I lost a total of 15kg, through proper dieting and exercise. Now, I picked up running, make new friends, who are hardcore runners, to maintain my fitness standard.
On thing I learn is that, in sales, people with the highest energy wins. All the goals, I have set, I will need energy to achieve it.
By continually exercising, I will improve my stamina, and thus have more energy to achieve my goals. +++ I look better now… 🙂 🙂 🙂
by Helmi Hakim | Sep 28, 2009 | Investment
There are certain calculation techniques that we, financial consultants used to make us looks cool, sharp and FAST. 🙂
One of the well known, unguarded secrets is the usage of Rule of 72.
The ‘Rule of 72’ is a simplified way to determine how long your investment will take to DOUBLE, given a fixed annual rate of interest.
Example if you have $10,000 now, given an investment return of 10%/year, how long will it takes your money to turn $20,000?
@20%/year, how long will it takes your money to to turn $20,000?
The formula is simple. Divide 72 by the annual rate of return (example 10 or 20), you can get an estimate of how many years it will take for your initial investment to DOUBLE.
So…..Investment annual return of 10%, it will take about 7.2 years for your money to DOUBLE….
Investment annual return of 20%, it will take about 3.6 years for your money to DOUBLE….
| Rate of Return |
Rule of 72 |
Actual # of Years |
Difference (#) of Years |
| 2% |
36.0 |
35 |
1.0 |
| 3% |
24.0 |
23.45 |
0.6 |
| 5% |
14.4 |
14.21 |
0.2 |
| 7% |
10.3 |
10.24 |
0.0 |
| 9% |
8.0 |
8.04 |
0.0 |
| 12% |
6.0 |
6.12 |
0.1 |
| 25% |
2.9 |
3.11 |
0.2 |
| 50% |
1.4 |
1.71 |
0.3 |
| 72% |
1.0 |
1.28 |
0.3 |
| 100% |
0.7 |
1 |
0.3 |
From the table, you can see, the higher your rate of return, the faster, your money will DOUBLE!
If you will like to know of instruments that can help your money to double, do not hesitate to call me. Thanks! 🙂
