Why do I like to blog about money?

Why do I like to blog about money? Because it has been an interesting journey in itself!

Here are some other reasons:

1. I want to be financially free and wealthy one day.

2. Learn from people. For example, about ASB’s maximum amount. I didn’t know about this before.

3. Improve my writings. Even if my writings may be construed as a little informal, it does give me some practice.

4.Get inputs from people. People might not agree with me but if everything is kept civilised, I’m fine with it. After all, it was said that “Perbezaan pendapat adalah satu rahmat.” Sometimes, before I write, it forces me to do more research (through the net, through the books, through people) to improve the accuracy of my writings (although sometimes, I have to admit that accuracy is a tad compromised).

5. My arguments may be weak but I believe by writing more and more about it, I will be able to improve.

6. Share my ideas with the world (even though sometimes people may not agree and can viciously attack me through e-mails and comments).

7. Perhaps blogging could boost my confidence a little bit? Give me the courage to share ideas with people?

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A way of making money?

Here’s a statement for you:

“You must be willing to spend some money to make more money.”

Do you agree with that statement? Personally, I do.

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Prince Alwaleed on Staying Rich and Fit (Prestige New York Magazine)

Want to stay rich and fit Prince Alwaleed’s style? Have a look at this article here.

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Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?

A shocking video (or perhaps not so?) of Rep. Alan Grayson asking the Federal Reserve Inspector General about who keeps track of the trillions of dollars lent or spent by the Federal Reserve.

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Threat of Hyperinflation – Marc Faber of Gloom Boom & Doom Report (Bloomberg Video)

Have a look at the rather interesting and insightful video below. Marc Faber of Gloom Boom & Doom Report talks about the threat of hyperinflation.

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Fareed Zakaria (CNN) talks to Michael Lewis (Liar’s Poker) about the economic crisis and Wall Street’s future

Have a look at this video:
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Treading the walk of financial freedom alone

The journey of wealth creation can be fascinating and exhilarating, though sometimes it can be tiring and frustrating. Being alone in the journey can sometimes be rather de-motivating. Let’s face it, we’re human beings. It can be hard at times to keep us focussed on our objectives.

If one has a partner or partners to share the journey with, the journey itself would be more interesting. They can learn from each other and they can even motivate each other.

Even better, in that journey, you have formed yourself a husband-and-wife team (or boyfriend-and-girlfriend team for that matter). You now have a full-time partner to assist you in your investments and businesses. Things will be much easier.

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The importance of financial education

I think I wrote about this before but it’s okay, I’ll talk about it again. Hopefully, it can also remind myself of the importance of financial education.

I’m always an opponent of the notion of “giving away money for free”. It’s fine to hand out money to a financially intelligent person as I am confident that they’ll be able to expand their wealth using that initial capital but I am less confident if it was a person with lack of financial education.

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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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Oprah Winfrey’s Inspiring Speech (Stanford University 2008 Commencement Address)

Previously, I posted the video of Steve Jobs’ inspiring speech.

Now, listen to Oprah Winfrey’s speech from 2008. It’s 30 minutes long, but it’s also most definitely worth your time.

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