If I ask you to make a guess, what do you think is the MOST common questions that will be asked during an interview?
I bet more than half of you will guess: "what are your strengths?"
and the other half of you will guess: "what are your weaknesses?"
 

Have you ever wonder, why is it so important for them to know your weakness and your strength? Or maybe I ask this question back to you, why do you think it is important for YOU to know your own strength and weakness?
 

 
Traditionally, in the business world, it was told that in order to excel in our work, we need to know what areas we are weak in so that we can plan a ….

So far, I've shared about my Necessity Account, my Business Development Account, and my Income Generator Account.
 
Now, I'll share with you about my Education Account.

I'm a firm believer in life-long learning. I believe my life is a journey of learning more about myself and about the world around me.
I also believe that the our capacity of success depends on the level of our skills and knowledge.
To achieve more success, I must be a more skillful and a more knowledgeable person.
 

Thus, every month, I set aside 5% of my income for my Education Account.
I use the money in this account to buy books, buy audio CDs, attend seminars, etc.
 

I believe these are not 'expenses', but 'investment'.
When I educate myself, I am ….

While I was searching through my small library at home just now, I found my very old book, Title: Magic Eye. I Bought this book many years ago, it is actually a compilation of 3D illustration.
 
 
Many years back, when I was still in Primary 6, I remembered I was so amused with this new things called 3D illustration. From far it actually looks like a normal picture but if you see clearly there is a three dimensional image hidden within the two dimensional pattern.
 
 
 
At that time, it was the 'in' things, so almost in every shopping centre in Jakarta have a shop who sold painting and picture of it. And the price for every painting is very expensive, so I ….

I love Motivational Songs.
When I feel like I need energy, I need inspiration, or I need to feel positive, one of the easiest way for me to achieve that is by listening to good songs.
This time, I would like to share with you 1 song that I discovered few weeks back and I love it so much. The lyrics is great, the tune is very easy to catch, and most importantly I find it very meaningful. It's the new song by Miley Cyrus called: "The Climb"

 
Attached is the lyrics
 

THE CLIMB
I can almost see it
That dream I am dreaming
But there's a voice inside my head
saying"You'll never reach it"
Every step I'm taking
Every move I make feels
Lost with no direction
My faith is shaking
But ….

Setting your goal, focusing on the outcome, being clear about what you want in life can make your dreams come true.
 
There is another key element that comes into play, an element that each and every one of the 'positive thinking' books has in common: The first step in all of them is to write down your goal.
 
You probably heard her name, Suze Orman, financial wizard, author of the number one New York Times bestseller, The 9 Steps to Financial Freedom, and a frequent guest on Oprah Winfrey Show, tells how she started out. She got a job at Merrill Lynch and was terrified she would not be able to meet her sales quota. The most she had ever made up ….

I would like to start by sharing with you this very beautiful poem:
 
When things go wrong, as they sometimes will,
When the road you're trudging seems all up hill,
When the funds are low, and the debts are high,
And you want to smile, but you have to sigh,
When care is pressing you down a bit,
Rest if you must, but don't you quit.

Yes! You know you mustn't quit, but sometimes when your life isn't easy right now or nothing seems to be going according to what you want, you might be wondering and ask yourself whether am I doing the right thing in my life? am I in the right path? and how do I know whether I am in the right path?
 
 
I ….

Today I want to share with you about my Income Generator Account.

I usually allocate around 20% of my income into my Income Generator Account.
I use the money in this account ot build Income Generators for me.
For those of you who are not really familiar with the concept of Income Generator, you can read my book 'A Gift From A Friend'. My book is available at all the major bookstores in Singapore, Indonesia & Malaysia.
Basically, Income Generator is something that generates recurrent income for me, even though I may not be doing anything much to actually work for it.
Let me give you a good example of an Income Generator.
I have a couple of properties that I rent out to tenants. One ….

Many time in my seminars, or through my website, people come and ask me for advice.
 

One guy told me that he has been considering to go into sales for many years and he knew and believed that he can do well and achieve his success by doing it, but people perception about salesman is not very good, therefore until now he still hesitate to do it.
 

Another lady emailed me and shared with me that she only have 'O' Level (= Secondary School) Certificate and she has this big dream that one day she will be a very successful businesswomen, but sometimes she also feel very inferior and no confidence because she felt that if people know that she only has ….

As I've shared before, I usually distribute my income into different accounts: Necessity Account, Business Development Account, Income Generator Account, Education Account, Fun Account, and Giving Account.
Similar to my Necessity Account, I also put around 30% of my income into my Business Development Account.
The money that I have in my Business Development Account is used to fund my existing businesses: to pay office rental, to pay staff salary, and to fund other business expenses.
The reason why most % of my income goes back into my businesses is because these existing businesses are the main income sources for me.
At this moment, I have profitable businesses in the Financial Services industry and Training & Consultancy industry.
When you spend money to make more ….

Previously, I shared in my blog that I usually manage my personal finances by distributing my income into different accounts, immediately once I earn it.
The different accounts that I have are: Necessity Account, Business Development Account, Income Generator Account, Education Account, Fun Account, and Giving Account.
For those of you who are curious to know more about it, Here it is …
Today, I'll share with you about my Necessity Account.
I'll share about the rest of the accounts in my future blog entries.
I usually put around 30% of my income into my Necessity Account.
The money in my Necessity Account is for my monthly expenses.
It includes my condo expenses (i.e. installment, property tax, maintenance, utility bills, etc), my car expenses (i.e. maintenance, petrol, ….