Free Financial workshop at BM

I received a whatapps message regarding Free Financial workshop going to held in Bukit Mertajam on Saturday 1 Nov 2014 2pm - 5pm. This is conducted by Strategic Alliance Consultation by KC Chong.

I check my schedule, I should be free at that time after picking up my wife from airport.

I register the workshop on 1 Nov morning.
There are total of 4 session as below:

Module 1: 1 Nov 2014,2pm-5pm
Module 2: 8 Nov 2014,2pm-5pm
Module 3: 22 Nov 2014,2pm-5pm
Module 4: 29 Nov 2014,2pm-5pm

I could only attend the 1 Nov and the rest could not attend. Most probably can make it on 22 Nov. This has to pending my another schedule.

Okay, what do I learn on the module 1?

Module 1: Building a Strong Financial Foundation

3 types of academic we got:

• Academic education
• Professional education
• Financial education (Today focus)

There are plentfy of money in the world, if you want to be rich, you need to first expand your reality in order, to hold on to your share of that abundance.

Money = Wealth?
There are only TWO Purpose for us to spend money:

• Avoid pain
• Search for happiness

When short of money, people will

• ask
• borrow
• cheat
• steal
• rob

Do not let money define US!

World's richest networth builder that stays humble and grounded are:

• Warren Buffet
• Robert Kuok
• Mark Zuekrberg
• Ingvar Kamprad
• Tony Fernandez
• Tan Sri Liew stay in Taman Desa

When someone in bankruptcy, he cannot do the following:

• cannot get pension/equity
• cannot practice his profession
• cannot travel to oversea
• cannot carry out businesss
• cannot own any property
• cannot open/maintain bank account
• cannot work in any company

Losing your own money is not bad enough, you will loose the passion and  commitment to your own career or job. You will loose your trust worthiness, relationship and reputation

In current economy market, there are a lot of investment instruments/vehicles. How do we recognized it not a money game or SCAM? Below are some guidelines, the key principles are:

• not a ZERO sum game
• must ADD value to the society
• long term sustainability
• accumulating in the future
• do not be greedy in the HIGH return

Road to Financial Freedom:

3D:Death,Disability,Disease

According to diagram above, John is 25 years old, he start to accumulate or building up his wealth. At that time, he need to protect his wealth also just in case if there is any unpredictable event occurred. If John executed his plan well and reach financial freedom at the age of 45 years old. What if in the process of accumulating wealth, he was hit by 3D? The accumulation wealth process can take a hit and the networth could reduced significantly, refer achieve tto Point X. The time to achieve it also could be longer than planned.

Once achieve the financial freedom, the next step is to managed it well. However, during management process, John might be hit by another 3D event and the wealth can be spent till ZERO at earlier years, that is Point Y.

If there is no 3D event arises, John will live till the desired age and still left with some networth, then it is time for how to distribute the wealth.

The whole workshop for the 4 module is covering by the above diagram.

The most important financial check:

• Cash Flow
• Networth

If possible, do not UTILIZE your networth on your spending. It will damage your Financial Freedom plan.

Income can come from 2 sources namely, active income and passive income. Earning rely on VALUE only. Job is for you to learn, earning is a by-product.


Upgrade life gradually as shown in the diagram below:

It simply means that, sometime we spend big amount, but gradually will not satisfied with the purchases.
We can split those purchased into smaller portion in order to create our own happiness.

Credit Card:

Credit card has successfully separated 2 emotions, Syiok (Happiness) and Pain. It is different from cash.