by Helmi Hakim | Dec 22, 2008 | Investment
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! 🙂
by Helmi Hakim | Dec 11, 2008 | Insurance, Investment, Miscellaneous
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… 🙂
…………………………………………..
Now….I will like to share with you a poem or creed that I have just created..
Enjoy….
…………………………………………..
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….
Call me now, & we will see how I can help you. 🙂
Helmi Hakim
+65 96520134
www.helmihakim.com
by Helmi Hakim | Dec 4, 2008 | Insurance, Investment
I have lots of clients who have the “intent” to start up, a business venture….
…. selling handbags….selling burgers…. selling health products….
A lot of interesting, fun and lovely ideas…. 🙂
Some seeked my point of view, if they should sell away their house, to fund their dream business…
Some seeked my point of view, if they should quit their job, to start their dream business…
Some seeked my “money”, as a form of capital to start their dream business… 😛
I met a lot of entrepreneurial people.
My advice to all is that, if you want to set up your own business, you need to have contingency funds that can last you at least for 1 year.
You need to have enough money in your bank account that can last you 1 year, if your business doesn’t generate money.
If not, don’t even think of quitting your job, to start that very business that you aspire.
Yes…Have at least 1 year of contingency funds.
When I met my clients, I will always do the cashflow statement for them.
I will highlight to all these entrepreneurs to be, to have at least 12X their total outflow.
Yes…12X….
Of course, there is really more planning need to be done like, him or herself having enough critical illness coverage…etc2…
That’s where customized planning comes in.
Btw, if you need any help in terms of financial advice, drop me an email or call me for appointment.
I will be happy to assist you! 🙂
by Helmi Hakim | Dec 3, 2008 | Investment
I have given some deep thoughts on the recent events that have impacted investors in Singapore, particularly those who have invested in DBS High Notes and the infamous, Lehman Brothers mini”bonds”.
I finally reached to a simple solution to all these avoidable bullshit chaos.
The solution is…..
Islamic Finance.
Islamic Finance ensures TRANSPARENCY.
There seems to be lacking of transparency, in the promotion of these investments.
People are unsure on what they invest in and just relied on “trust” from the banks.
Some of the great, great structures of Islamic finance to ensure transparency and equality are….
1) Prohibition of Investments In Companies whose primary business includes Forbidden Products
If you invest in Islamic investments products, you know where your money goes to.
Transparency is uphold, as the Shariah prohibits investments in companies whose primary business include forbidden products such as alcohol,drugs,pork,tobacco and weapon production.
Many financial institutions have a religious board to monitor and ensure strict compliance is in place.
2) Prohibition of Gharar
Gharar means sale of probable items whose existence or characteristics are not certain,due to the risky nature which makes the trade similar to gambling.
Examples of Gharar include the sale of fish in the sea, an unborn calf in its mother’s womb, unripened fruits on the trees, etc.
All such cases involve the sale of an item which may or may not exist.
In such circumstances, the fish in the sea may never be caught, the calf may be still-born, and the fruits may never ripen.
In all such cases, it is in the best interest of the trading parties to be very SPECIFIC about what is being sold and for what price.
In today’s modern context, gharar can be eliminated from contracts by carefully stating the object of sale and the price to eliminate unnnecessary ambiguities.
There must be FULL DISCLOSURE by both parties.
3) Prohibition of Riba/Usury
In Islam, the charging of interest, or riba, is strictly prohibited.
Any return on investments should be in proportion with the profits of a business and not through guaranteed interest rate.
If the investments on the pertaining business where its business profit is high, the investor/lender will get a higher return of their investments.
Conversely, if the business profit is low, the investor/lender will also get a lower return of their investments.
The risk is shared by both the principal investor and the receiver (enterprise).
Riba is prohibited to prevent unfair exploitation by one party, who owns the money or capital.
Its fundamental reasoning is ”equality of compensation”.
It’s noble aim is to prevent the investors/lenders from charging interest excessively regardless of the performance of the business venture they have invested in.
With these features in Islamic Financial Products, I am confident that peddling of ambiguous products can be entirely eliminated, if not reduced.
Insyallah! 🙂
by Helmi Hakim | Nov 19, 2008 | Investment
I have came across a number of people whom lack of ambition.
For what, earn so much money?
For what, work so hard?
For what, save so much?
For what, spend so little?
For what, aim too high?
For what, dream too big?
For what….. the list never ends….
and…the “most common” EXCUSE?
Balanced life… walaocrapsia
I am going to be a bit direct here and trash all these as a pile of garbage.
As Barack Obama said, “we can disagree without being disagreeable…”
I agree to the proposition of “balanced life” but it doesnt mean we should sacrifice our goals, our values, our beliefs and our ideologies.
It came hand in hand, together compact as a system.
A system that imbued deep in our heart, and shape the actions we take every day….
I feel a bit discomfort, for some who lead life aimlessly in a wrongfully, presumed context of “balanced life”…
My goodness…
It is indefinitely unacceptable….
Balanced life means you have time for your work, have quality time for your family……and definitely have time to do things that you are very passionate in…
To lead life aimlessly with the you feel shiok feeling, is totally unacceptable…
Ladies and gentlemen, LIVE YOUR DREAMS! 🙂
