Rich and successful people are solution-oriented, they spend most of their time and energy strategizing and planning the answer to challenges that come up, and creating systems to make certain that problem doesn't occur again.
Poor and unsuccessful people are problem-oriented. They spend most of their time energy bitching and complaining and seldom come up with anything creative to alleviate the problem.
Thursday, October 8, 2009
Tuesday, September 23, 2008
Price is what you pay,Value is what you get
It is often very hard to see the difference between price and value. But given the choice between a $10,000 Rolex watch and a $10,000 bike, the decision is obvious. Try to think about companies in the same way; each has its intrinsic worth.
In order to find out more about protection or saving needs. just drop an e-mail. Visit www.lifeisgreat.com.sg
In order to find out more about protection or saving needs. just drop an e-mail. Visit www.lifeisgreat.com.sg
Friday, January 4, 2008
BEST CATCH OF THE DAY
This is the best catch ever in the out sea that takes place at raffles light house. It's a one night fishing trip that make everyone satisfied. All the best to those who enjoy fishing. Cheers!
Tuesday, November 27, 2007
Friday, November 23, 2007
INFLATION & value of MONEY
The incredible shrinking of DOLLAR
How do we ensure that our saving are not eroded by inflation?
SIMPLY put, inflation is the increase in prices of goods and services over time,which mean it diminishes the purchasing power of today's dollar in the future.
While $1.20 buy you a can of coke today,you might need $2 in future. So we end up buying less in future with the same amount of money.
INFLATION could hit 5 per cent in the first quarter next year. This would be a 25 year historic high. The last time inflation hit a high level in July 1991, when it reached 4 per cent.
RISK-adverse investors
IT stands to reason then that conservative investors who put their money mainly in bank deposit will eventually end up worse off. Investing at 2 per cent while inflation is running around 4 to 5 per cent will see your wealth steadily eroded.
START early
Having a financial paln early on lets you take a long term investment horizon, which is beneficial on various fronts.
The best time is during the young age of course, as they stand to gain the most from compunding, dollar cost averaging, investing at the lower risk level and maximising of returns over the long term.
How do we ensure that our saving are not eroded by inflation?
SIMPLY put, inflation is the increase in prices of goods and services over time,which mean it diminishes the purchasing power of today's dollar in the future.
While $1.20 buy you a can of coke today,you might need $2 in future. So we end up buying less in future with the same amount of money.
INFLATION could hit 5 per cent in the first quarter next year. This would be a 25 year historic high. The last time inflation hit a high level in July 1991, when it reached 4 per cent.
RISK-adverse investors
IT stands to reason then that conservative investors who put their money mainly in bank deposit will eventually end up worse off. Investing at 2 per cent while inflation is running around 4 to 5 per cent will see your wealth steadily eroded.
START early
Having a financial paln early on lets you take a long term investment horizon, which is beneficial on various fronts.
The best time is during the young age of course, as they stand to gain the most from compunding, dollar cost averaging, investing at the lower risk level and maximising of returns over the long term.
Wednesday, October 17, 2007
TO PROVE SOMEBODY WRONG
You're not the type to buy life insurance.So,to prove that person wrong,he went ahead and bought.
Are there certain types who buy and others who don't?
Yes.Those who don't buy fall into a few broad categories:
1) There are those who feel that they don't wish to leave behind a rich widow.Alternatively,they do not wish to leave behind "too much money" for their children so as not to "spoil" them.
2) There are those who feel that once they're dead they no longer have any responsibility for their family.
3) There are those who feel they are not likely to die soon so they would wait till they're much older when their chances have increased before thinking about getting life insurance.
4) There are those who like to compare policies and prices and never get around to buying.
Those who do buy usually have a strong sense of doing "the right thing" and wanting to do something good while they can."You cannot do a kindness too soon,for you never know how soon it will be too late."
Are there certain types who buy and others who don't?
Yes.Those who don't buy fall into a few broad categories:
1) There are those who feel that they don't wish to leave behind a rich widow.Alternatively,they do not wish to leave behind "too much money" for their children so as not to "spoil" them.
2) There are those who feel that once they're dead they no longer have any responsibility for their family.
3) There are those who feel they are not likely to die soon so they would wait till they're much older when their chances have increased before thinking about getting life insurance.
4) There are those who like to compare policies and prices and never get around to buying.
Those who do buy usually have a strong sense of doing "the right thing" and wanting to do something good while they can."You cannot do a kindness too soon,for you never know how soon it will be too late."
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