Be A Student Not A Disciple!

This afternoon, I noticed that my colleague has some dandruff on her hair. She told me her mother has strongly recommended a new brand of shampoo to her, which she tried. But her scalp was irritated when she used the shampoo, and those dandruff are the "after-effect".


Then she told me something that I find it very meaningful. She said that, now she realized that something that works very well with a person does not necessarily means that it will works well with another person!


This is the same for Personal Development. There are many motivational speakers on this planet earth and each has their different teachings and courses. One that works very well for a person might not be useful for another person.


To quote Jim Rohn,

You must be a student, not a disciple. You come here to learn, not to follow instructions. You have to analyze and understand what he said, if it make sense to you, use it. If it is not, find something else that make sense!

I have paraphrase his words but the meaning is the same. Find out all the methods available and choose those that make the most sense to you and start practicing them.

It is always better to find out all that you can do instead of wasting many years before you realize that there are faster, easier and more effective ways of doing the same thing.



Dreams unleashed,


Albert Lee
Success University Student

You Have To Let Go!

I remembered a story I have read about a method used for catching monkeys.


The method is pretty simple. The captor find a coconut, drill a small hole just big enough for the monkey's hand to squeeze through, empty the content and put some nuts inside. Then they leave a trail of nuts on the ground leading to the coconut.


So when a monkey found its way to the coconut, put its hand into the hole and grab a handful of the nuts, it realised that it cannot pull out its hand. So it started yelling and screaming, and the captor upon hearing, come over and capture it.


If the monkey just open its fist and let go of the nuts, it can easily pull out its hand, and regain its freedom. But by refusing to let go of what it is having, it lost its freedom.


There are many people around us that are in the same situation. They have a job, a house and a car. Although they hate their job, they still go to work everyday so that they can maintain their house and car and current lifestyle. They have big dreams, but to pursue these dreams, they have to risk losing what they are having now, and so they grab on to what they already have, not willing to risk losing them, and as a result, ended up losing their freedom.


Do not get trapped in the rat race. If you hate your job, if you want to have your dream house, your desire lifestyle, then you have to let go before you can received.



Dreams unleashed,


Albert Lee
Success University Student

Nitty-Gritty Reasons by Jim Rohn

Perhaps to make up for the long period of missing in action for the past week, I have a lot of articles to share with you and so do have a good time reading ya.

Today is an article from my favorite mentor Jim Rohn on his girl scout story. The reason that makes him what he is today. You do not need some special reasons or drama to challenge you or provoke you into change for the better. Some time, it just need to be a small incident.

So find out what is this girl scout story of Jim Rohn that set him on a path to become one of the greatest motivator on the planet today.

Enjoy!

Nitty-Gritty Reasons by Jim Rohn (excerpted from the book Seven Strategies for Wealth and Happiness)

Wouldn't it be wonderful to be motivated to achievement by such a lofty goal as benevolence? I must confess, however, that in the early years of my struggle to succeed, my motivation was a lot more down-to-earth. My reason for succeeding was more basic. In fact, it fell into the category of what I like to call "nitty-gritty reasons." A nitty-gritty reason is the kind that any one of us can have -- at any time, on any day -- and it can cause our lives to change. Let me tell you what happened to me.

Shortly before I met Mr. Shoaff, I was lounging at home one day when I heard a knock at the door. It was a timid, hesitant knock. When I opened the door I looked down to see a pair of big brown eyes staring up at me. There stood a frail little girl of about ten. She told me, with all the courage and determination her little heart could muster, that she was selling Girl Scout cookies. It was a masterful presentation -- several flavors, a special deal, and only two dollars per box. How could anyone refuse? Finally, with a big smile and ever-so politely, she asked me to buy. And I wanted to. Oh, how I wanted to!

Except for one thing. I didn't have two dollars! Boy, was I embarrassed! Here I was -- a father, had been to college, was gainfully employed -- and yet I didn't have two dollars to my name.

Naturally I couldn't tell this to the little girl with the big brown eyes. So I did the next best thing. I lied to her. I said, "Thanks, but I've already bought Girl Scout cookies this year. And I've still got plenty stacked in the house."

Now that simply wasn't true. But it was the only thing I could think of to get me off the hook. And it did. he little girl said, "That's okay, sir. Thank you very much." And with that she turned around and went on her way.

I stared after her for what seemed like a very long time. Finally, I closed the door behind me and, leaning my back to it, cried out, "I don't want to live like this anymore. I've had it with being broke, and I've had it with lying. I'll never be embarrassed again by not having any money in my pocket." That day I promised myself to earn enough to always have several hundred dollars in my pocket at all times.

This is what I mean by a nitty-gritty reason. It may not win me any prize for greatness, but it was enough to have a permanent effect on the rest of my life.

My Girl-Scout-cookie story does have a happy ending. Several years later, as I was walking out of my bank where I had just made a hefty deposit and was crossing the street to get into my car, I saw two little girls who were selling candy for some girls' organization. One of them approached me, saying, "Mister, would you like to buy some candy?"

"I probably would," I said playfully. "What kind of candy do you have?" "It's almond roca." "Almond roca. That's my favorite. How much is it?" "It's only two dollars." Two dollars. It couldn't be! I was excited. "How many boxes of candy have you got?" "I've got five."

Looking at her friend, I said, "And how many boxes do you have left?"

"I've got four." "That's nine. Okay, I'll take them all."

At this, both girls' mouths fell open as they exclaimed in unison, "Really?"

"Sure," I said. "I've got some friends that I'll pass some around to."

Excitedly, they scurried to stack all the boxes together. I reached into my pocket and gave them eighteen dollars. As I was about to leave, the boxes tucked under my arm, one of the girls looked up and said, "Mister, you're really something!" How about that! Can you imagine spending only eighteen dollars and having someone look you in the face and say, "You're really something!"

Now you know why I always carry a few hundred dollars on me. I'm not about to miss chances like that ever again.

And to think it all resulted from my own embarrassment, that when properly channeled, acted as a powerful motivator to help me achieve.

How about you? What nitty-gritty reasons do you have waiting to challenging and provoke you into change for the better? Look for them, they are there. Sometimes it can be as simple as a brown-eyed girl selling Girl Scott cookies.

To Your Success,
Jim Rohn

Dreams unleashed,


Albert Lee
Success University Student

You are a Genius - Unlocking the Power of the Mind

Recently, I have unknowingly keep scolding myself stupid! Whenever I make a mistake, I will scold myself stupid.. and it becomes sort of a habit. And the scary thing is, the more i scold myself, the more "Stupid" mistakes i make!


It becomes a self-fulfilling prophecies!!


Do you know that your brain is so powerful that you can literally talk yourself into anything! Even from a Genius to become a Stupid person??!!


So take note of what you have been feeding your mind every day!!


Extracted below is an article from Jim Rohn's Eleventh Pillar of Success, where he teaches us how to unlock our genius inside, and released the full potential of our brain!

This month we focus on the learning that comes through the power of the mind. Take care to feed and stimulate your brain, and you will expand your mind. A healthy brain is central to a healthy mind. Because the two are inextricably
connected, I would like to start this month by giving an overview of the astounding complexity of the brain. Many of these facts may be familiar to you, but they are important reminders of this incredible tool God gave us. We again need to see the human brain and mind with wonder, awe and inspiration.

But first, what do we mean by "learning?"

Here are how some dictionaries define it:

--the act, process or experience of gaining knowledge or skill --knowledge or skill gained through schooling or study --behavioral modification especially through experience or conditioning --to gain knowledge, comprehension or mastery through experience or study

Keep this in mind as we go through the month. Learning is gaining knowledge through various means.

Now, a little about the brain:

The brain is the equivalent of a human supercomputer. Your brain is more complicated than any computer mankind has ever made. Maximizing your brain's ability is essential to becoming the success you desire to become - because it controls who you are. It is the command center involved in and controlling absolutely everything you do. Your brain determines how you think, feel and act.

Simply put: When your brain is working at peak performance, it allows you to be your best because it controls the rest.

Here are some facts about the brain:

It is about 2% of body weight. It consumes about 20-30% of the body's energy. There are about 100 billion neurons in the brain. Each neuron or nerve cell is connected to other nerve cells in the brain. There are over 1,000,000,000,000,000 connections in the brain. Each one of these neurons is a little "learning center" capable of storing knowledge.

Needless to say, most of us have barely scratched the surface when it comes to tapping into those neurons!

There are some basic influences on the brain that shape how it functions and how far it develops. Some of these include genes, health, injury, self-talk, life experiences, stress and study (or lack of it). Notice I said that these influence the brain, but they do not determine how far you can go or what you can learn, except perhaps in the case of severe injury or mental retardation. In other words, you have the incredible opportunity to go as far as you desire!

So with such a tremendous tool at our disposal, what keeps so many from experiencing the possibilities that this tool can bring? There are some simple barriers that many people face that can have the potential to wreak havoc on our learning if we allow them to.

Barriers to Finding Your Genius

Lack of belief. Many people do not believe that they can learn, master knowledge or become "smarter." These are deeply held beliefs for many, and ultimately if you do not believe it, you will not achieve it.

Lack of knowledge. What keeps some people from learning is that they choose not to access or do not have access to knowledge. Knowledge comes from experiences, books, people and other "knowledge dispensers." We must tap into that knowledge.

Lack of desire. Some people simply do not have the desire to learn. They may be lazy, or they may not see the positive impact that learning would have on them. They have no passion inside that drives them to learn.

Lack of hard work. Gaining knowledge--learning--is hard work and takes a lifetime to master. It is an ongoing discipline that is never complete. I am getting on in years and I am still learning. I am still doing the hard work to expand my mind. It would be easy to give up and coast, but I love the challenge of continuing to learn.

So how do we overcome or break through these "barriers?" The key to breaking through these barriers is to do the opposite.

Let's look at some tools we can use to knock down those barriers:

Change Your Beliefs. It is up to you to do the work of changing your beliefs. And when you do you will be opening up new worlds - literally! This month Chris is going to talk about winning the thought battle, which will help you keep negative beliefs out and positive beliefs and thoughts in. Feed your mind with information that will change your belief. By taking part in this One-Year Plan, you are doing just that. But also ask yourself if you are doing that with belief. The truth is that you have an amazing mind with a capacity for learning that is beyond your comprehension. You must believe this. And when you do, you will be unlocking the potential of your mind!

Get the Right Knowledge. Words--if they are not true--are meaningless. I hear children say, "I read it in a book." But is it true? Just because someone says it or writes it, doesn't mean it is true. As learners, we want to get the right knowledge, not just information or opinions. It is our job to seek out information and knowledge and then test it and run it through our minds to see if it is true, and if it can be rightfully applied to our lives in order to make them better and help us succeed. We need to weigh and measure what we learn in order to gain the right knowledge. And when we do, we will be unlocking the potential of our mind!

Become Passionate About Learning. This will take some work, but the only way to do it is to begin learning about things that have an immediate impact in your life. When you learn about a new financial concept that helps you earn money or get out of debt, that will get you fired up. When you learn about a way to communicate that helps you sell more product, that will energize you. When you learn about how to interact with your family in a healthy way and your relationships get better, that will inspire you! Become passionate about
learning. And when you do, you will be unlocking the potential of your mind!

Discipline Yourself Through the Hard Work of Study. Learning will take work. Until someone comes up with modules that can plug into your mind and give you instant access to knowledge, you are on your own, and that takes work. The process of learning is a long one. Yes, we can speed it up, but it is still a process of reading, listening, reviewing, repetition, applying the knowledge, experiencing the outcomes, readjusting, etc. Simply put, that takes time. Slowly but surely, when you discipline yourself, you gain knowledge and learn. And when you do, you will be unlocking the potential of your mind!

Learning is possible, no matter what your age. You are never too young or too old. Your mind was created to learn and has a huge capacity to do so. This week, make a commitment to unlock the potential of your mind!

Next, Chris is going to talk to you about the attitudes of successful learners.

Have a great week!

Jim Rohn

Dreams unleashed,


Albert Lee
Success University Student


P.S. To access the full one year 12 Pillars of Success course from Jim Rohn, you can either go to Jim's website and sign up for the course, or you can click here to go to Success University and get immediate access to over 50 greatest business minds on the planet including Brian Tracy, Denis Waitley and Les Brown, and of course Jim Rohn's 12 Pillars of Success.

Are Your Beliefs Limiting Or Empowering You?

Recently somebody asked me about Adam Khoo's book "Secrets of Self Made Millionaire", and I told him I have read it twice and it is worth many times the price of the book itself, and if you practice what he teaches inside, the book is priceless.


Unexpectedly, my friend said to me, "You must have not practice what you preached else you should be a Millionaire by now!!".. I was totally taken aback by his comment. If I am the Albert 5 years ago, I would become defensive and started to find all kind of excuses, but after all these years, I have learned to be honest with myself, and my friends, and so I replied,


"Yes, I did not put what he teaches in the book into practice. Just like a classroom of 30 students, after graduation, some becomes very successful, some remains the same and some got worse. Same teachings, different results. Reasons? The students themselves. I guess I did not fare very well"


Now slowly but surely, I am improving as a person, and I have tidy up my messy finance and it is getting better every day. I have no doubt that I will become a self-made millionaire in the years to come, but while I am sharing my self development journey in this journal.. I would also hope that all my readers can benefit from all the articles I posted and become more successful.


So extracted below is yet another article from Adam Khoo on Limiting Beliefs, do give your comments!


Cheers!

Like it or not, our beliefs play a big role in determining the quality of our lives.

If you believe that math is tough, there is someone out there who believes it is easy. If you believe that it is easy to make a million dollars, there is someone out there who believes it is impossible. If you believe that times are tough, there is always somebody out there who believes it is a great time to make money!

At this time, many people would argue,

But what if the beliefs I have are really true?

What if I am really not good at selling?

What if it the economy is really down and going to stay down?

What if there are really no opportunities around?

What if it cannot be done? What if I don't have what it takes?

What you must understand is that the beliefs you have are never absolutely true. Beliefs are not proven facts. They are nothing but perceptions, opinions, generalizations we make about the world around us.

For every belief you hold, no matter how much you think it is true, there is always somebody out there with a totally opposite belief. And to them, their belief is as valid as yours is to you.

The following example illustrates how one person has the power to change the belief of others.


Breaking the Beliefs of the World

For hundreds of years, runners had never been able to run one mile in less than four minutes. Many had attempted this feat but had fallen short.

As a result, it was generally believed, and supposedly backed up as fact by the medical community, that it was not possible for a human being to run that fast!

All these changed in 1954, when defying all conventions, all it took was for a single person to break these facts and records.

Roger Bannister, a postgraduate student from Oxford University set a goal to be the first to break this 'impossible record'. The fact was that he was nowhere near being the best runner of his time. There were many other runners better than he.

But this didn't deter Roger. Besides physical training, he engaged in a lot of mental training. He kept visualizing himself breaking the four-minute time barrier.

Then, on May 6, 1954, Roger Bannister stunned the world by running the mile in three minutes and 54 seconds. That was not the most amazing thing.

What was truly amazing was that, within a year, 37 other runners had broken his record. Within the next three years, over 300 runners had repeated the same feat.

For so long, nobody came close to Roger Bannister's record. The minute an 'ordinary' person achieved the feat, it led to many others achieving it too.

This proves that what holds people back in tapping their fullest potential and achieving their goals is not a lack of capability, but a lack of strong empowering beliefs.

Beliefs are never absolutely true, but it becomes totally true for the person who believes in it! This is simply because whatever we believe becomes our reality.

The essence is for us to constantly challenge ourselves by examining the effects of our beliefs, and finally to adopt empowering beliefs that will lead us to success.


To Your Success,

Adam Khoo
www.SuccessWithNLP.com

Dreams unleashed,


Albert Lee
Success University Student

Five Money Management Steps

Sorry for not updating my blog for such a long time. Would like to share with you Adam's 5 Money Management Steps. But for step 4 (Use a credit card whenever you can), remember that you MUST pay all bills in full at the end of the month, else it will back-fired.

Before you can ever reduce your expenses and increase your savings, you must first know where your money is going to. Many people share the same experience of having no idea where their $5,000 salary went. 'How did I spend so much money?' 'I thought that I should have $1,000 left at the end of the month, but it seems to have all disappeared!'

With a simple yet powerful system which I personally use together with specially designed Microsoft Excel templates like the 'Monthly Personal Income Statements' and 'Daily Expense Sheets' you just need to invest fifteen minutes a day to manage your money.

If you want to be wealthy, do not expect it to happen automatically. You must commit to spend time on your finances. Earlier on in this book, I talked about the millionaire's daily hour.

Millionaires spend an average of an hour a day on personal wealth management, while most people spend less than an hour a month, usually on paying bills.
So out of this one-hour a day, you've got to devote the first fifteen minutes to do these five Money Management Steps

1) Always Ask for a Discount

If it is not a fixed price store, there is a 70% chance that you will get a discount if you just ask for it. If you get a 10% discount, it is equivalent to earning an immediate 10% return on your money. Over the long term, you will save a huge amount that
will accelerate you even faster towards your targeted net worth.

2) Always Ask for a Receipt

Always get a receipt so that you can track every single expense at the end of the day and, if possible, claim it as a business expense and get a tax deduction.

3) At the End of the Day, Record all Expenses in your Daily Expense Sheet

You can do this manually in the sample 'Daily Expense Sheet 'at the end of the chapter or you can key it in electronically into a template.

I highly recommend you key it into an excel spreadsheet, so it can automatically add up the total each month.

4) Use a Credit Card Whenever You Can (but always pay the full outstanding sum every month)

Again, this will allow you a convenient way of having all your expenses recorded for you in the monthly statement.

5) At the End of the Month, Update Your Monthly Income Statement

At the end of every month, add up the total expenses from our daily expense sheet and update your monthly income statement. At the same time, update all your income for the month. Deduct your total expenses from your total income to get your monthly savings.

You must use a system to track where every single dollar goes. Only when you know where your money is going, can you take steps to channel it to your savings and
investments.

Doing this month after month may seem tedious, but it is absolutely necessary if you want to build your wealth. Only when you develop the habit of managing your personal finances, can you manage the finances of your own business.

So many people financially mismanagetheir businesses into bankruptcy because they mismanage their own finances. Don't be one of them!

To Your Success,

Adam Khoo
http://www.secretsofself-mademillioanires.com/

Dreams unleashed,


Albert Lee
Success University Student

The Indispensable Quality by Brian Tracy

I would like to share this article from Brian Tracy, on the quality that all of us should have to lead a successful life.

Dare to go Forward:
Winston Churchill once said, "Courage is rightly considered the foremost of the virtues because upon it, all others depend." Courage is the chief distinguishing characteristic of the true leader. It is almost always visible in the leader’s words and actions. It is absolutely indispensable to success, happiness and the ability to motivate other people to be the best they can be.

Follow Through on Your Vision:
In a way, it is easy to develop a big vision for yourself and for the person you want to be. It is easy to commit yourself to living with complete integrity. But it requires incredible courage to follow through on your vision and on your commitments. You see, as soon as you set a high goal or standard for yourself, you will run into all kinds of difficulties and setbacks.

Refuse to Compromise:
You will be surrounded by temptations to compromise your values and your vision. You will feel an almost irresistible urge to "get along by going along." Your desire to earn the respect and cooperation of others can easily lead to the abandonment of your principles, and here is where courage comes in.

Stick to Your Principles:
Courage combined with integrity is the foundation of character. The first form of courage is your ability to stick to your principles, to stand for what you believe in and to refuse to budge unless you feel right about the alternative. Courage is also the ability to step out in faith, to launch out into the unknown and then to face the inevitable doubt and uncertainty that accompany every new venture.

Avoid the Comfort Zone:
Most people are seduced by the lure of the comfort zone. This can be likened to going out of a warm house on a cold, windy morning. The average person, when he feels the storm swirling outside his comfort zone, rushes back inside where it's nice and warm. But not the true leader. The true leader has the courage to step away from the familiar and comfortable and to face the unknown with no guarantees of success. It is this ability to "boldly go where no man has gone before" that distinguishes you as a leader from the average person. This is the example that you must set if you are to rise above the average. It is this example that inspires and motivates other people to rise above their previous levels of accomplishment as well.

The Attack of Alexander the Great:
Alexander the Great, the king of Macedonia, is a superb example of leadership in action. He became king at the age of 19, when his father, Philip II, was assassinated. In the next 11 years, he conquered much of the known world, leading his armies against numerically superior forces.

Lead the Action:
Yet, when he was at the height of his power, the master of the known world, the greatest ruler in history to that date, he would still draw his sword at the beginning of a battle and lead his men forward into the conflict. He insisted on leading by example. Alexander felt that he could not ask his men to risk their lives unless he was willing to demonstrate by his actions that he had complete confidence in the outcome. The sight of Alexander charging forward so excited and motivated his soldiers that no force on earth could stand before them.

Action Exercises:
Here are two things you can do immediately to put these ideas into action:
First, set big goals for yourself and force yourself out of the comfort zone by acting boldly - even when there is no guarantee of success. Go boldly where no one has ever gone before.

Second, resolve to act quickly and decisively when you are confronted with a difficult or dangerous situation. Dare to go forward. Practice audacity in all things. Acting with courage builds your courage and confidence higher and higher.

Brian Tracy

Dreams unleashed,

Albert Lee
Success University Student

Definition of Assets - Why It can Make or Break Your Life!

All these years, I have come across all sort of definitions for asset. There is one definition which I find to be the most straightforward, simple and yet making the most financial sense. This definition is by Robert Kiyosaki, where he said,

Asset puts money into your pocket!

Yes, it is that simple! And the opposite of asset is liability. Now I guess all of you would have guess the definition of liability.

Liability takes money out of your pocket!

So how can a definition break or make your life?

So let's look at 2 things most people believed to be their highest asset value and discuss.


1. Owning a Car
Is Car an asset or liability? By now most people would have understand that car is a liability. Why? The moment you bought your car, its value dropped by 30%. Then you have to pay for the petrol, parking, insurance and your loans. So every month it is taking money out of your pocket, sucking you dry!!


So that means car is a liability? My answer is, it depends!!


If you bought a car and rent it out, the monthly cost of owning the car (including insurance, road tax, installment) is less than the rental you received, then the car will become an asset to you!


Remember, asset puts money into your pocket!!


2. Owning a property
Now, most people would have said property is definitely an asset. The bankers said so. The financial advisers said so! It is even a measurement of a person's wealth!

My answer? It depends!!!

If you bought a house and you stay inside with your family, every month paying mortgage loan, and property tax, utility bills, etc.. this house is taking money out of your pocket!! Yes, the price of house can appreciate over time, but it can depreciate too. The only certainty is, it is taking money out of your pocket every month. It is not producing income for you!


But if you bought a house and you rent it out, and you received the rental higher than what you paying to own the house, then the house becomes an asset. It does not matter whether the value of the house goes up or down, it is bringing income for you every month.


Now it is important that you must understand whether you are owning an asset or liability. If you spend 50% of your paycheck on your house (which is suppose to be your biggest asset!), then you would have realized you do not have any more spare cash for money generating investments. Your biggest "asset" is eating you slowly.


If you own a house that is generating you income, it does not matter if the values of the house drop, since you are still receiving the rental income. But when it rises, you can sell it off anytime to reap in the profit, since you are not staying inside!!


With this simple definition, and proper buying of assets and avoiding liabilities, your life will change.


Do leave your comments!


Cheers!!


Dreams unleashed,

Albert Lee
Success University Student

Instant Gratification Versus Delay Gratification

One of the biggest reason why most people are not wealthy, even with all the personal development study and knowledge is because, they cannot get pass the Instant Gratification hurdle.


It is really very difficult.


I mean.. it is really not that much to spend just $150 on spa and massage, especially after we have been working so hard for the past one week, and we really deserved that 1 week holiday at the end of the year, which we paid with our year end bonus, so it was not really out of pocket money, wasn't it?


Our parents will love the $7000 massage chair we bought for them to enjoy! And of course we must upgrade our car to a bigger one since we got a promotion, and now with 2 kids on the block, the house seems to be too small and we have to move to a bigger house!


And so on.. and so forth...


Most people spends on things that give them Instant Gratification, they feel good there and then. So they are left with very little for investment, 10 years down the road, they are still the same, with perhaps higher loan to service since their cars and houses got bigger!


On the other hand, Wealthy People practice Delay Gratification.


They rather "suffer" for the initial years so that they can reap the huge benefits later on in life.


For example, instead of buying a car, they choose to take public transport. Instead of eating in restaurants, they take hawker foods. Instead of going on holiday, they take up a part time job. After deducting the amount required for Necessity and day to day living expenses, they invest the extra money to purchase assets that generate them income, which they reinvest and purchase even more assets.


Only until their assets have grow to the stage where they are generating steady streams of income, then will these people use the income to enjoy those "luxuries", therefore the term Delay Gratification.


As a result of Instant Gratification, most people are trapped in the Rat Race. They enjoy for the initial 10 years, but they depends so much on their paycheck to pay for all their loans and expenses that they cannot afford to loss their job. And they cannot afford the real luxury since they are limited by their paycheck amount.


The wealthy choose to "suffer" for the early few years, until they have build an asset portfolio that can generate such incomes that allows them to enjoy luxury where the others can only dream of. They do not need to rely on a single paycheck anymore. They do not even need any paycheck!!


We all know about this reasoning, but most people cannot give up the lifestyle they have been enjoying.

Therefore,

If you really wanted to achieve the wealthy lifestyle you desire, you have to overcome the instant gratification mentality

P.S. I will talk about why the definition of assets can prevent a person from becoming wealthy in my next article.



Dreams unleashed,

Albert Lee
Success University Student

What Is Financial Freedom?

This is actually a continuation from my previous article on "How Rich Are You".

My definition of Financial Freedom is simple.

The passive income generated from your assets is bigger than your expenses.

What does this really means?

It means that even if you do not work today, go for 3 months holiday, there are still income coming in from your assets that can covers all your expenses, and still have surplus. You net worth continue to increase even if you are not working.

So to achieve Financial Freedom, it is actually very very simple. Just keep buying assets and avoid having liabilities, and use the income from the assets to acquire even more assets, until you reach the stage where the monthly income from your assets can cover all your monthly expenses.

Since it is so simple, why does so many people, including myself still not Financially Free??

Two reasons,

1. Instant gratification versus Delay gratification
2. Definition of asset.

I will further elaborate on the 2 reasons in my next article.

Meanwhile, do leave your comments on your thought on Financial Freedom!

Cheers!


Dreams unleashed,

Albert Lee
Success University Student