A Mercedes-Benz as a Graduation Present

When I first started trading and going into small-time ventures here in Australia, I had set an objective. I told myself, when it’s time to return to Malaysia, I was going to bring back a Mercedes SLK 200 Kompressor with me. Hehehe πŸ˜›

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Come on and contribute articles to Nadlique.com!

For those who are interested, I would like to call upon all bloggers as well as my readers to contribute articles to this blog.

It doesn’t have to be long and it can be about anything.

If you’re interested, contact me through the contact page here.

For selected entries, I will link you back (if you have a blog) on that particular entry and acknowledge the author.

So come on, let’s make the knowledge available to everybody!

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Golf: A Psychological Game

Any golfers out there?

I started playing golf since I was in Form 3 (15 years old). Or was it earlier? Can’t actually remember.

The first few years was pretty frustrating until I met this one amazing golf instructor. Too bad I lost contact with him already.

Anyway, when I went to college in Nilai, I trained under a new instructor who apparently trained in California and bla bla bla. Well, I screwed up my swing and got hold of some really bad habits. I couldn’t hit right for 1 year plus.

After college, went back home and went to train under my old instructor again. Thank goodness I got better!

Being in Australia, I did manage to play a lot in the beginning but life took hold and golf is now in the back burner. I’m starting to play again slowly and I’m really hoping that I can improve my swings pretty soon.

The major problem that I’ve always had when I play on the course is pscyhology-related. I can swing amazingly on the driving range but when it comes to playing when it matters, I shank, I slice, and I hook. I just can’t handle the pressure. Kadang-kadang, malu wei!

Thus the reason why I’m a bit embarassed when people invite me to play golf with them πŸ˜‰

By the way, to illustrate my horrible-ness as a golfer, my handicap is 24 πŸ™

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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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It’s official! Nadlique is now financially free!

With an investment of only AUD15, I am now officially a ten trillionaire! Look at the picture below as a proof.
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Is it prudent to PAY YOUR BILLS now or near the due date?

Here’s a question for you.

When you get your bills, what do you do? Do you:

  1. Pay them off immediately
  2. Pay a few days later
  3. Pay them off close to the due date
  4. Pay them way past the due dates
  5. What? Bills? Should I pay them at all? πŸ˜›

Obviously options 4 and 5 should not be contemplated at all.

As for me, I have opted for option number 3.

Why Nadlique? Shouldn’t we pay our bills ASAP?

Well, here’s my rationale.

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The Richest Man in Babylon by George S. Clason

Title: The Richest Man in Babylon
Author: George S. Clason
ISBN: 0-451-20536-7
Number of pages: approximately 144 pages

This is another book that I’d categorise as a must-read. Even though the book was written a long time ago, started in 1926 as a series of informational pamphlets, the principles are useful and applicable today nonetheless.

Bear in mind though that the way this book is written, it may present as quite hard to understand due to the use of classic English (to a certain extent).

The author talks about a number of timeless principles on how to get rich through stories and parables of the ancient Babylon. Many of the ideas presented are amazingly simple, yet most of us are not aware of them, thus sealing our fate to be cursed with a financial disaster.

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Back to Basics: Alternative Investment Asset Classes

A couple of days ago, we had a look at the 4 general investment asset classes.

Today, I shall list out a few others of what I’d like to call as the Alternative Investment Asset Classes.

They are:

Venture Capital

Venture capital is the act of investing in new businesses. The field of venture capital can be very lucrative, providing above average returns, due to the high-risk nature of it. However, the risk of going bust is also quite high.

Basically, what happens is that you, as an investor, provides money to startup firms/companies with long-term growth potential.

Examples: Investing in a new Nasi Lemak business, investing in Nadlique’s Blog πŸ˜›

Private Equity

A private equity is basically a syndicate (not the bad kind of course) where funds are raised and used to develop new products or technology, expand working capital, make acquisitions and takeovers, or to build up a company’s balance sheet.

You need to have a heck load of money to be involved in private equity, thus it is usually not available to the average individual investor.

Art

There are many things that can be categorised as arts such as paintings, sculptures, and printmaking. These are usually long-term investments whereby capital gains are most likely to be produced.

Examples: Picasso paintings, Van Gogh paintings, Nadlique’s paintings here and here (anybody interested in buying my paintings? Hehe).

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The Automatic Millionaire by David Bach

Title: The Automatic Millionaire: A Powerful One-Step Plan to Live and Finish Rich
Author: David Bach
ISBN: 978-0-141-01992-5
Number of pages: approximately 195 pages

The Automatic Millionaire is an easy-to-read book written by David Bach. The book is actually catered for UK and US readers but principles laid out in the book can in fact be copied and adjusted in accordance to your own circumstances.

The book is basically about how you can just dump the usual “budget-adherence” strategy and adopt a strategy that is much easier to follow instead, to achieve financial freedom.

What strategy is it? Well, make everything AUTOMATIC. For example, making contributions to your “nest egg” automatic by implementing Standing Instuctions (SI) on your salary account.

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Back to Basics: Paying Mortgage MONTHLY Vs. Paying Mortgage FORTNIGHTLY

Previously in the “Back to Basics” series, I wrote about:

Today let’s look at the difference between paying off your mortgage monthly versus paying off your mortgage fortnightly.

This concept can also work in the receiving money context (i.e. when you receive rental payments as a property investor, salary, and etc.). Read on and you’ll understand.

First question. Do you think that there’s any difference at all between paying once a month and paying every two weeks? There is a difference. A huge difference actually. Changing your payment method to the fortnightly basis payment method can pretty much change your life.

This little “strategy” is something that is often overlooked by many. It is in fact a proven method to reduce your mortgage faster by cheating yourself without feeling much pain in the pockets. Of course, this depends on the individuals as well. If the person is still very much unable to control his/her financial situation (i.e. struggling with having to set aside money for savings and investments), then there’s no point also.

Anyway, back to the discussion. Say your mortgage repayments every single month is $100.

If you pay the repayments once a month, by the end of the year, the total sum for 12 payments is $1,200, am I right?

However, if you adopt the pay-every-fortnight method, that means, instead of paying $100 per month, you are now paying $50 for every two weeks.

What’s the difference you ask?

Ok, how many months are there in a year? 12.

How many fortnights are there in a year? 26.

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