NowAsia.SG Map Program!!

Posted by Fadzuli

August 19, 2007

So I’ve decided to come for Abang Abu’s MAP program to learn the stuff that I may not know…the first of MAP being FREE of charge and there was this overwhelming number of people coming…Daffi came early on that day!!

The first of a 4 series workshops.

1st workshop will consist of intro, the 7 day practice, basic NLP technique and TRUST with money!!

Here’s a gist of what we learn..I’ll put my own points in too
Before Abang Abu started the class, he explained to us about being responsible. Successful people do not blame others, give excuses and be in denial.

An example.

When we are late for an appointment. Most of us would always put blame on other things like the bus was slow lah, MRT is jam packed lah…

Instead why don’t we twist our mindset a bit and take responsility by saying, “I’m sorry I’m late, I’ve miss timed my journey here.”

THE WAY RICH PEOPLE MANAGE THEIR MONEY

These are the 4 main areas when we deal with money. Firstly is by earning the money, we can spend the money, invest or save or donate the money. Most of the stuff here can be learnt by reading R.Kiyosaki’s books..Let’s break it by topic.

Earn
- Most people will only earn money through one channel which is their job but rich people have multiple channels of income. So what channels are these?? Firstly their main income may come from their biz, then there will be income from shares, house rentals and so on..Some may have 2-3 income channels from multiple biznes..

Spend
- This is where many fall in this trap. Most would spend their money on WANTS rather than NEEDS.

WANTs are things which you don’t require like extra clothes where you already have. Unless if it doesn’t fit then it becomes a need lah..

NEEDs are things like your food, electricity bills and so on. Things which are necessary.

Why many people are not able to manage their money is because they spend too much in their WANTs..

Invest / Save
- Saving money should be part an parcel of everyone’s life. Regards of how rich they are, 10-15 % of earnings should go into this for security purposes.

- Investing without knowledge is also called GAMBLING..if you wish to invest your money in properties, stocks or so on do your homework!! Investments also depends on your age!!! When you are younger you should be more aggressive and mild down as we age.

Donate
- Just like savings we should also put aside like 10% for charity. From my own personal experience if you truly believe in giving , you will get back more than you give!! And give away carefully, do not give away too much of what you have so that you end up with no money or assets.

MORE lessons coming soon!!

My Life Mission: I enable others to discover purpose in their lives and empower them to pursue their dreams and live life to the fullest with God’s blessing.