Second M.A.P Lesson

Posted by Fadzuli

August 26, 2007

Second lesson…you just learn new things from Abang Abu!! Well if you guys do not know he has his own blog now!! Visit www.abangabu.com.

What he went through that day was more about our own financial health. Do we do our check and balance. Earnings and expense..Those who play SMART MONEY will know what I’m talking about..

Alright the topic i want to talk about is more on his technique in creating wealth..

Heard of “Money Magnet”. How do we train our mind to think of ways to create wealth!!

Here’s how it goes..

If I give you $1 today, will you be able to make $1000.

Most people will find it impossible. Only two out of 4 students said yes. One of those that say yes is me lah of course kan!! haha..but i told him that it requires time and strategy. The other one said it is possible..the two who said no was actually blurred and lost..

What i said was actually partially true see the below image for the technique where every entrepreneur should learn…

This technique is also called compounding and the strategies used at different levels are also crucial in the learning process.

So what happen is instead of thinking getting from $1 to $1000..you need to break it into steps. So you must learn how to earn $2 from $1 and $4 from $2…it doubles each step..Each step is crucial ..Now you need to think about getting that $1 to $2 first..Is that impossible??.Now your brain should have started telling yourself on how to get to that…There are so many ways..just think about it..you will soon get some ideas.

If you are still confuse..imagine you are in PRI 1..can you immediately jump to take your O levels the next year?? Impossible right..so its the same as biz…you must graduate at each level and each process all the time…

When i started biznes i had no idea of this technique and it super crucial in any entrepreneur’s life..What am I talking about…In Business, it is bound that he or she will fail at certain points of their journey. If he/she does not understand this, than he would probably fail and not come back to the business world again..

Why? Most business that failed were due to fast acceleration..They have no idea what’s going on in their business because of the weak foundations they built and they have no idea how to get on to the next stage. If we choose to go step by step, we will learn the process better and we can learn, make mistakes and correct them.The process is crucial for the later stages.

As you may have read from stories, there are many entrepreneurs who bounce back from failures and become successful again…but something which they dont tell you is that they have graduated from each level…even if they had failed, they will certainly come back again and build it up again cos they know exactly the steps to come back and avoid the mistakes they did..

What exactly is the money magnet?? With this step in mind, you need to train your mind to spot opportunities. Its everywhere actually..Just look at the stuff that you have…do you think you can buy it with $1 and sell it at $2? The brain too needs to develop the right thinking skills..pracitise on this first and move on to doubling it each time. Strategies may differ each time and you need to know how to pace yourself too..

One of Abang Abu’s student actually made $1 to $700…how?? he designed a postcard worth $1 and showed it to a German Guy.. the guy like it and ordered 700 pieces of it..So..do you think its impossible now..OK in this case he got the right connections and so on…This is a different topic altogether but what i’m trying to say is that its not impossible to do so…

Abang Abu advised not to follow this step cos like i said..if you accelerated to much, you might missed out on some strategies that can work for you later..

Start small and keep growing…Don’t stop..keep going and in time to come financial freedom will be just a few steps away..Insyallah..

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.