Don't Try. Do It!

I spent an hour to discuss with 3 of my subordinates after lunch hour today.  The purpose was to follow-up the on-job-training progress of my new staff who only joined one and a half months ago.  

Estate Planning (Part 2)

To have effective estate plan, you should:

1. Prepare your will. I have shared the impact of a person dies without a will in my previous post that DISTRIBUTION ACT 1958 (As Amended in 1997) will distribute the estate according to the ACT. Is this what you want?

Estate Planning (Part 1)

What is an estate planning all about? It is your plan on how your assets to be distributed effectively with the least troubles. Please note that writing a will is only part of the process. Most importantly, as life goes on, the will shall be reviewed and updated according to your estate plan. If a person dies without a will, DISTRIBUTION ACT 1958 (Amended in 1997) will be applied. In other words, estates will be distributed according to the ACT rather than own wish:

Balance Sheet Of Life

I received an email with very interesting description on life.  I would like to share it with all my fellow readers.


Balance Sheet Of Life

Our Birth is our Opening Balance!
Our Death is our Closing Balance!
Our Prejudiced Views are our Liabilities
Our Creative Ideas are our Assets

Heart is our Current Asset
Soul is our Fixed Asset
Brain is our Fixed Deposit
Thinking is our Current Account

Achievements are our Capital
Character & Morals, our Stock-in-Trade
Friends are our General Reserves
Values & Behavior are our Goodwill
Patience is our Interest Earned
Love is our Dividend
Children are our Bonus Issues
Education is Brands / Patents

Knowledge is our Investment
Experience is our Premium Account
The Aim is to Tally the Balance Sheet Accurately.
The Goal is to get the Best Presented Accounts Award.

Some very Good and Very bad things ..
The most destructive habit....... ........ ....Worry
The greatest Joy......... ......... ........... ...Giving
The greatest loss........Loss of self-respect

The most satisfying work....... ......Helping others
The ugliest personality trait.......... .....Selfishness
The most endangered species..... ....Dedicated leaders
Our greatest natural resource.... ......... ...Our youth

The greatest 'shot in the arm'........ ..Encouragement
The greatest problem to overcome.... ........ ..Fear
The most effective sleeping pill....... Peace of mind
The most crippling failure disease........ .......Excuses

The most powerful force in life........ ............ Love
The most dangerous act...... .A gossip
The world's most incredible computer..... ....The brain
The worst thing to be without..... ............ ..... Hope

The deadliest weapon...... ....... ..........The tongue
The two most power-filled words....... ........ 'I Can'
The greatest asset....... .......... ........ ....Faith
The most worthless emotion.... ......... ....Self- pity

The most beautiful attire...... ......... ........SMILE!
The most prized possession.. ........ .....Integrity
The most powerful channel of communication. ......Prayer
The most contagious spirit...... .......... ......Enthusiasm

Life ends; when you stop Dreaming,
Hope ends; when you stop Believing,
Love ends; when you stop Caring,
Friendship ends; when you stop loving,

And

Relationship ends; when you stop Sharing...!!!

Are You Working for Your Future?

Think about these questions.  What is the reason for us to go to work in the early morning and return late, day in day out?  You may say it is for earning more bucks or may be for career advancement.  What is the purpose of having financial plan?  It may be for comfortable retirement or able to send your children for overseas education.  Whatever reasons you can provide for these questions, at the bottom line, you need to have money to work for you.  But where is the money come from?  Very simple, it will be from your savings.  But the big question is, how to save?

Is the Company You Invested in Conservatively Financed?

In the normal cause of business, debts are raised for expansion.  One of the purposes of having business loan is to exercise the power of leverage.  That is, use small amount of other people's money to earn big buck.  If this is the case, the business loan can be repaid easily.  How about if the case that, in actual, it does not ended as per plan?  In another scenario, there may be cases like too much debts being raised for over aggressive plans.

Money Management

Is one million dollar enough for you?  Well, for some, one million dollar is too small while, for others, it is a day-dream amount.  The sufficiency of this one million dollar is subject to the money management skill of each individual.  There are people who earn millions, or even billions, a year but still claiming "money not enough".  Only money management can provide the answer.  In fact, money management should be considered more like a skill on how to spend money than how to earn.

Blame, Justify, Denial, Quit

Have you ever observed how people react whenever they face the obstacle that make them difficult to move ahead further?  Most likely, you will hear them complaining.  Why are they complaining then?  Simply because they are blaming, justifying or denying those unfavorable outcomes are not their fault.  They are defending themselves.