Barack Obama sworn into Presidential Office 2009 – Inauguration
Barack Obama Inauguration Speech Part 1
Barack Obama Inauguration Speech Part 2
1) Iraq War.
A progressive pullout of US troops in Iraq, where residual forces will only stay till year 2011, to maintain stability.
2) Capture Osama Bin Laden.
20,000 to 30,000 more troops to Afghanistan, to capture Al Qaeda leader, an unfulfilled promise of Bush’s administration.
3) Revive world economy out of recession.
US$800 billion in bailout funds into the economy to help get credit flowing again to cash starved customers and economies.
4) Closure Of Guantanamo Detention Centre.
Some 700 suspected terrorists were detained after Sept 11 attacks. The revealed torture of detainees tarnished America’s reputation.
5) Create More Jobs.
2.6 million of those living in US lose their job last year. 750,000 living in US expect to lose their job this year. Tax cut and spending on public works projects will help to generate jobs in education, health care and construction in his 2 years in office.
These are the top 5 issues, that requires Barack Obama’s attention IMMEDIATELY! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Today’s Financial Wednesday Blog Post, I will like to share with you is a concept that I learn from Adam Khoo’s Secrets Of Self Made Millionaire Book. It is a very practical and easy to understand concept that I applied and share with all my clients.
This is what I call the 4 levels of wealth. You have to go step by step, level by level in achieving your financial dreams.
Level 1 : Financial Stability
You have achieved financial stability when:
1) You have accumulated enough cash to pay for your 6 months expenses
2) You have hospitalization insurance and sufficient life insurance coverage, should death, permanent disability or 30 critical illnesses were to strike.
You must be really secure in this before proceeding into the next step to achieve financial security.
Imagine a person who has no money in the bank, no hospitalisation insurance plan, no life insurance plan, BUT HEAVILY INVESTED IN STOCKS (where many experience paper loss at this moment)…….
one day….touch wood…..get hit by a lorry. How will he or his family SURVIVE that financially ?
Level 2 : Financial Security
You achieve financial security when you have accumulated an amount of Positive Cashflow Assets (Investable Assets) that generate passive income to cover your MOST BASIC expenses.
Most Basic expenses refers to:
1) Home mortgage
2) Public transportation expenses
3) Food for you and your family
4) All Insurance premiums
These are just necessities that you spend on to lead a simple lifestyle. Should you stop working today, do you have enough passive income to pay for your simple expenses? 🙂
Level 3: Financial Freedom
You achieve financial freedom when you have accumulated an amount of Positive Cashflow Assets (Investable Assets) that generate enough passive income to sustain your CURRENT LIFESTYLE.
If you have a car, have a maid, have a golf membership club NOW, financial freedom means your passive income is enough to pay for all these expenses should you stop working today.
Are you FINANCIALLY FREE? 🙂
Level 4: Financial Abundance
This is the best!
You achieve financial freedom when you have accumulated an amount of Positive Cashflow Assets (Investable Assets) that generate enough passive income to sustain your DESIRED LIFESTYLE.
Your passive income must be able to pay all your expenses when you lead the LIFE OF YOUR DREAMS.
Example you like to drive a porsche, live in a private condominium facing the sea (my goal 😛 ), send your kids to the best school in town, you may be expecting a monthly flow of about $50,000 worth of passive income.
So guys…. Are you working your way up to financial abundance or continue to feel shiok2 be trapped into the rat race where someway, somehow, somewhat, your money seems to vanish in thin air at the end of the month? Work it out! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Okay… Let me kickstart with “Wednesdays’ Financial Blog Post“.
Today’s topic is about buying cars.
Is it an investment or a money draining liability?
Before addressing this issue, I will like to make a note, that whatever I share with you is just MY perspective from the spectacles of a financial associate. It doesn’t make me right. It doesn’t make me wrong.It is just MY perspective! 🙂
I have surveyed around, asking those who drives, on their car expenses per month.Many contends that their car expenses (including monthly installments) amount to about $1,000/mth.
My take here is that, from the monetary point of view, YES…solely from the monetary point of view, is that if you use your car, and ABLE to generate an EXTRA business/net profit of more than $1000, your car is an ASSET. If you buy that car, and you are NOT ABLE to generate that EXTRA net profit of more than $1000, your car is a LIABILITY.
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” Your car is an ASSET, if it generates POSITIVE CASHFLOW.
Your car is a LIABILITY, if it generates NEGATIVE CASHFLOW. “
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I feel that those who are married, especially those with kids and aged parents to look after, should have a car.Other than convenience (like sending your kids to school or aged parents to hospital for regular check ups) as one of the primary reasons, the distribution of car expenses per head is more widespread.
Average expenses per head is significantly lower.
That is where having a car is a PRIORITY.
hmmm….. So now is the time for you to analyse, whether your car is an asset or money draining liability. You can use the below example as a catalyst.
If you are self employed (like me) or running a business, you can try to rent a car first, to gauge the expenses involved per month.
Once you are VERY SURE, that your car is an asset, it is time to get one!
It not only makes your life more convenient, enhance your social status but also give you the piece of mind that, “Hey!… My car is helping me to save or MAKE MORE MONEY every single day!….” 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Some of you reading this blog, are business people.
Some of you reading this blog, are salespeople.
Some of you reading this blog, are financial associates. (like me) 🙂
If you belong to any of the above category, what I am about to share with you, will be something worthwhile reading.
I am going to share with you a formula, I read from Adam Khoo’s book, “Secrets of Building Multi Million Dollar Business” that will help you, INCREASE your sales revenue by leapts and bounds.
I will put it in my context, and I hope you can put yourself in my shoe, and later apply this concept in your own business.
If you happen to be my client, you will be nodding your head in solidarity agreement, that whatever I did, mutually BENEFIT both parties.
Myself from a business point of view, and YOU, as my client.
The formula is…
Total SALES REVENUE = Number of Clients X Average Dollar Purchase X Number Of Repeat Purchase
Ways To Increase Number of Clients
1) Create Blog & Maintain Email List
2) Social Media like facebook, friendster, myspace +++
3) Make more cold calls
4) Telemarketing
5) Roadshows
6) Network in Seminars
7) Referral System
Ways To Increase Average Dollar Purchase 1) Financial Planning
This is the only way for us to uncover the true shortage of critical illness coverage one needs as a form of income replacement, funds needed for retirement or funds needed for children’s education
2) Education
Our duty as financial associates is to educate and motivate you to make the right decisions. Once, you see and you understand the needs and the rationale, only then you will make the decision.
Ways To Increase Number of Repeat Purchase 1) Exceed clients expectation and give them a wonderful experience
2) Build friendship with them
3) Keep in regular contact
4) Send them special occasion card
5) Start a loyalty program
6) Again…Financial Planning…
Through proper financial planning, an advisor will have a proper system to follow up with client. Advisors can do yearly review, to help identify clients’ contemporary needs in years to come.
Thus far, I strongly believe that financial planning is the most powerful methodology that can benefit both clients and us, as advisors. 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
Today, I am going to illustrate to you, one key formula, that I subscribe dearly to, which I will termed it here as “The Rules Of Wealth“.
It is a formula that I adhere to, and one that have helped me in my daily life.
The Formula is
Wealth = Effort X Time X Scalability
Most of us believe that in order, for us to attain more success, we have to put in more EFFORT.
…or we have to put in more TIME.
Of course, all these will variably increase your probability of success.
You put in more effort, you get more results.
You put in more time, you get more results too.
One element, that I will like to introduce here is called, “Scalability”.
Let me illustrate…
Example, if you are a tuition teacher.
You can teach, one student at a time.
However, in order for you to make more money, you can definitely have more teaching slots, devote more time, or increase the hourly rate you charge by introducing some unique teaching experiences.
Yet, you still have so much LIMITED time and so much LIMITED energy.
Wealth = Effort X Time X Scalability
By applying the formula above, perhaps you can
1) Write a book on accelerating learning techniques, so that your book can reach the mass
2) Teach a class, consisting of MORE students, instead of personal tuition
3) Have a blog, where you can communicate your messages with thousands of your students and parents instead, one on one.
4) Delegate your work to the experts. Instead of doing all the administrative yourself, delegate all these work to others and concentrate fully on giving value to the mass.
Yup…. So, today’s formula.
Wealth = Effort X Time X Scalability
Think, how you can use this formula in your job, in your business or even in your life!
Enjoy! 🙂
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
I am the type of person who loves to write poems….motivational of nature…
and songs…. yes…. malay love songs….
Its a natural gift that I possess waiting to be unleash at the right time… 🙂
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Now….I will like to share with you a poem or creed that I have just created..
Enjoy….
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Helmi Hakim, The Financial Consultant
When people ask me, what are you doing for a living?
I answer them that I am running my own business.
When people ask me, what business are you in?
I tell them that….
I am in a business of providing
– shelter to the innocent widows
– bread and butter for the hungry children
– medical care for the appreciating minds
– university education for the upcoming leaders
– comfortable retirement for the relieving many
I am in the business of empowering people like YOU with choices in life….
CHOICES that will lead you to your destinies using vehicles, far, far better than convention…
You will reach your destination fast, & you will reach your destination safely.
As you establish your relationship with me…
you realise how easy and effortlessly,
the plans that you take up from me, complements your existing lifestyle.
You thank me profusely for my service,
& you thank yourself, that you
have taken that little, extra effort to call me….
p.s. By the way, if you wish to discover a simple & halal way to create a positive monthly cashflow and calculate your net worth for FREE, then please click here…
A certified financial consultant, Helmi Hakim has won praise for his patience, perseverance and practicality when solving his clients’ financial concerns. For more information on how you can manage your finances better, contact Helmi Hakim at 96520134.
