Printing Money

[S3VIDEO file=’M048-print-money.mp4′] In monetary economics, the quantity theory of money is the theory that money supply has a direct, proportional relationship with the price level. In simple words, when government prints more money legally, prices go up in the long term. So what if you can “print” money too? Ride with the wave of inflations.…

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The Law of Attraction

[S3VIDEO file=’M006-attraction-law.mp4′] “Money is usually attracted, not pursued.” Even though it is true that big sum of profits are attracted, but you have to be ready for it. You got to have something great to offer before money is attracted your way.

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What’d you do with your first paycheck?

[S3VIDEO file=’M047-first-paycheck.mp4′] If you still haven’t got your first paycheck, what do you plan to do with it? If you had already got your first paycheck, what did you do with the money? – Save 10 % of it in the bank? – Invest 30% of it in equity? – Get a new iPhone? –…

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Save for rainy days

[S3VIDEO file=’M007-save-rainy-days.mp4′] Experts say you must have at least 3-6 months of expenses put aside as emergency funds just in case it “rains” tomorrow. It is a good general advice. You can keep the money at low risk and high liquidity investment vehicle such as bank savings accounts and money market fund. Keep the money…

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Speak right, think right

[S3VIDEO file=’M046-think-speak-right.mp4′] If you want to shift your mindset (to a rich one), you will need to change your language, change your vocabulary. Poor people advice you to save money. Rich people advice you to invest money. Poor people ask you to pay debt immediately. Rich people ask you to borrow more, as much as…

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Money doesn’t grow on trees

[S3VIDEO file=’M008-money-tree.mp4′] Earning money takes a lot of hard work. So does growing a tree. In building a business, it is like growing a tree. You must nurture it and provide water etc .. so when it grows up, it gives you money as fruits for a long time. There are investors who buy palm…

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Wealth Attracts

[S3VIDEO file=’M045-wealth-attracts.mp4′] Wealth attracts. When you are capable to generate wealth, money is attracted to you. It comes to you. At the same time, you also attract more friends and more money-making opportunity. On the opposite, consider this quote by Rhonda Byrne “When you have a pile of bills that you have no idea how…

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Get Rich Quick

[S3VIDEO file=’M044-get-rich-quick.mp4′] People got scammed and lose a lot of money because they are greedy. If you want to get rich quick, don’t ever believe in something that will deliver magnificent wealth within an unbelievable period of time. One month? One year? How long does it take to get rich provided you do the right…

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Opportunity Cost

[S3VIDEO file=’M009-opportunity-cost.mp4′] Any decision that involves more than two options has an opportunity cost. When you choose to do task A, you can’t do task B at the same time. When you spend your time playing video games, you should consider the opportunity cost of using that time to learn some productive skills. So we…

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Don’t keep your Will in Safety Deposit Box

[S3VIDEO file=’M010-safety-box-will.mp4′] A safety deposit box serves several functions – namely keeping your important documents or other items in a secure, off-site location. In many cases, a safety deposit is probably safer than a lock box in your home – it is more difficult to break into and limits access. But that limited access can…

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