Financial Freedom

Story Of 7UP

“Being Stubborn is a big part of winner. Some people had failed because they give up too soon. If you are reading this book, that group probably not include you. My father used to tell us this story about a guy who love soda, so he went into soda business, with a product called 3UP. It failed. So he started again with a soda called 4UP. It failed too. So he decided to name his product 5UP and worked as hard to make it work, but sure enough, it failed again. He realized that he still love soda, so he tried again with a product name 6UP. It failed, and he gave up completely.

Then after a few years, someone else came up a soda product and name it 7UP, which became a huge success.”


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Fruit Of Delayed Gratification

I am having the fruit of short delayed gratification today. I am happy and feel comfortable for the decision  I did last month. I had sacrifice my trip to Kuching during last school holiday which I was anticipating for long time. Final decision I made was, postponed it till the next holiday.

The money allocated for the trip was used for buying my lifetime first stock through Ta Securities. I bought 2 units of gpacket 0082. This stock had gave me profit of 40% within 1 month. Undeniable, the luck is on my side, else it would not be so smooth. I wonder how about the other way round if I choose to go Kuching for a vacation. I will used up all the money and no extra for stock investment.


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All Roads Lead To Rome

I like this idiom, all roads lead to Rome. This idiom mean you have different ways of doing something but achieving same goal. This idiom imply in our life but not many are aware of it.

We all have one goal in life, financial freedom. No one likes to work. No one likes to be in stress. No one likes to take order from superior. Everyone hopes that the y can enjoy without working. So why we work? We work to earn money for survive. We are walking on our chosen pathway to achieve financial freedom.


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Your Time Productivity On Internet

Are you spending whole afternoon sitting in front of laptop and your eyeball are not moving but just blinking to comfort and rest my eyes for a split of seconds? You  seems like busy doing something important because you are concentrate? In fact, you are surfing internet without much motive behind.

 


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Live Below Your Means

Almost all financial expert give advise of to live below your means. In other words, spend less than your earn. If your monthly income is RM2000, you spend less than that amount each month. You don’t buy a 42” LCD TV which might cause around RM5000 or more by installment. This figure have exceed your income limit. A normal flat screen TV will be sufficient for watching. The stuff appear on the screen is exactly the same!

Live below your means definitely is a workable way to achieve financial freedom. You have extra money for saving and for investing in variety of investment. However, live below your means is a get-rich-slowly scheme. You build up your net worth cent by cent.


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Learn Delay Gratification

For me, delay gratification is an interesting phrase in financial world. Before I talk more on it, let us understand the meaning of delay gratification first. Gratification means self satisfaction. You might want to buy yourself a branded watch after you have receive monthly pay-check.  You feel happy and satisfy after wearing it. It happens to all people.

I think you can guess the meaning of delay gratification by now. You delay the gratification desire and save the money for more important purposes. You can save your money for investment which generate passive income instead of buying fashion clothes or branded watch which do not add value to your portfolio.


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Passion For Financial Freedom

Getting financial freedom  is a long process. It might need 10 years, 20 years or even more. You might get rich overnight but you can’t get financial freedom overnight. Financial freedom is not a overnight thing. It need passion and commitment. In order to keep my passion for achieving financial freedom and get rich, I keep on reminding my goals and trigger to take actions.

  • Whenever I see luxury car overtake me on the road, I told myself I will own it one day in the future.
  • Whenever I see people go shopping and go spa during weekdays when others are in office, I told myself I also want to be categorize in this group also.
  • Whenever I see people departing for a vacation in airport, I told myself I can do it too.
  • Whenever I look at my score board, I know that I am on my pathway to becoming rich and financial freedom.
  • Whenever I finish a book, I feel that I am closer to rich and financial freedom  because I have save my time and money on unnecessary pathway.


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