When the economic crisis bites, ego still prevails

Talking about the economic crisis, here’s a true story that I want to share with you.

Junior (Not real name) owns three cars. Not three kancils, but three luxury cars. When the economy was good, he had no problems whatsoever in paying off his car loans and maintaining those cars. He was living a good life.

However, recently, he got conned by a bunch of folks. Also, his business was not doing well anymore due to the bad economy. He was struggling.

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University Life (Australia) – 5 Reasons Why You Need a Car When You’re Studying Overseas

This post is meant to be for fun only. No elements of seriousness were intended. Don’t get all worked up alright?

Here are five reasons why I think you need to buy a car when you’re studying overseas

1. Submit Assignment

Instead of submitting your assignment well in advance, to factor in the amount of time you need to take public transportation and as such, you can now submit your assignment 10 minutes before the time it is due. This is very true in the case of a friend of mine. Her assignment is due at 4PM and I had to drive her to uni at 3.50PM for her to hand in the assignment ๐Ÿ˜›

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Trade to Survive, Not to be Profitable

Talking about trading, there’s one thing that I learned from a very good trader in Australia.

“You trade to survive, not to be profitable.”

What that means is, you need to set it clear in your mind that you are here to survive in the long run. Aim to preserve your capital first. Take the whole notion of profitability out of the equation for a little while. True, at the end of the day, profitability is all that matters but remember this, if you survive in the long run, profitability will be drawn to you automatically.

If you aim for profitability alone and you want it fast, that’s when impatience starts to kick in. This is then followed by greed. As a result, self destructive behaviour will start to take control.

Moral of the story: Patience is virtue.

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Dude, what’s the population of China?

Today, something funny happened in my Statistics class.

The lecturer was talking about population, samples, and etc. and he asked a student about the population of China.

Lecturer: Jimmy. You come from China right? What’s the population of China?

Jimmy: Errrr, it’s 1.5 bill… Wait wait wait… It’s about 60 billion… Hang on, I think it’s around 45 to 60 billion.

And the whole class laughed.

Hehehe. He made my day ๐Ÿ˜€

Note: Jimmy is not his real name by the way. Oh, if you were wondering, the world population is around 6.77 billion.

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Where do I stand now? Financially speaking of course.

I’ve been blogging about financial freedom for nearly 2 years now. I’ve started my journey towards financial freedom for even longer than that. So, where do I stand now, financially speaking?

Trading

I’ve been trading stocks and CFDs for nearly 4 years. I’ve been able to stay profitable for all these years, and hopefully for a very long time.

I’ve reduced my trading stake due to the lack of certainty we’re having right now. I’ve already reinvested quite a significant proportion of my profits into a new business venture.

So far, for the past few months, my trading account has been advancing, but very very slowly. Snail pace.

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Additional Units for Amanah Saham Malaysia (ASM) and Amanah Saham Wawasan 2020 (ASW 2020) in 2009

Additional units have been announced for two PNB-managed funds. There’ll be an additional 2.22 billion units for Amanah Saham Malaysia (ASM) starting from April 21, 2009, and another 2 billion units for Amanah Saham Wawasan 2020 (ASW 2020) starting from April 27.

However, maximum allowed per investor is 20,000 units.

Have a look at The Star article here.

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Guy Kawasaki Video Presentation (The Art of Start)

Another good video recommended by Boo.

For all entrepreneurs out there, enjoy.

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So, you wanna be a pilot? (Air Asia’s Cadet Pilot Recruitment Campaign)

Air Asia has been running a campaign since 1st April 2009 in the effort to recruit new cadet pilots to be inducted into their organisation.

Basically, what you’re supposed to do is to blog about why you want to become a pilot. The best 10 bloggers will be given a chance to have a go at embarking on a journey in becoming a pilot with Air Asia. Have a look at Air Asia’s Blog.

The blog competition ends on the 15th May 2009.

Air Asia even made a video for the blog competition.

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The New Nikon D5000 (As good as the more expensive Nikon D90?)

The camera giant, Nikon, has introduced another product in its line-up. It’s called the Nikon D5000. Arguably matching the performance of the Nikon D90, the Nikon D5000 replaces the ageing Nikon D40.

Here are a couple of reviews >> Ken Rockwell and DPS

Nikon D5000, a good third camera for myself perhaps? Hahaha. I wish!

Just a quick round-up of the specifications:

– 12.3 Megapixels CMOS Sensor
– Able to capture HD videos
– 2.6-inch vari-angle (swivel) LCD monitor
– 11 AF points
– 4 FPS frame rate
– Ultrasonic sensor cleaner
– Uses SD/SDHC cards
– Default ISO 200 ~ 3200 but expandable to 100 ~ 6400.

The camera should be available around late April 2009.

So, anybody out there planning to get one?

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