An Entrepreneur’s Journey

Recently, I’ve been building my passive income over the internet. Building the new blog, Inspiration Junction; setting up advertisement, affiliate program, writing articles that can generate income for me over and over again.

At the same time, friends contacted me on some training matters. I consider all these as opportunities presented to me. I am grateful to these friends who remember me.

I had a distinction. Some of you may already know it. In fact, I knew it mentally, it just that now I knew it as in I KNEW it!

All these opportunities that are presented sounds great. However, the question is, am I ready to take them? All my good friends will support me to take them. Then the next question is, “Can I do a good job?”

I am not having any doubt on myself. I will definitely take on those opportunities. And I will also want to do a damn good job, not a mediocre kind of job. This means that I must always be ready to step up for any opportunities that are presented.

I had a discussion with a friend yesterday. There is a training company who wants this friend and me to do a presentation to them. I suggested we do it next week, but my friend disagreed because he’s not ready. My friend is going to miss this opportunity if he drags on.

I challenged him to do it next week, asking more of him. Of course, I managed to convince him to take up that opportunity.

This incident shows me the lesson of being ready during my free time. When opportunity comes, I am then ready to strike. Another saying of this is:

LUCK = Preparation + Opportunity

Entrepreneur! It seems like the life of an entrepreneur is so interesting. Indeed it is filled with never ending excitement. Just like anyone, the life of an entrepreneur has its ups and downs. But then who is to say what is ups and what is downs.

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This weekend I am flying up to Penang to do a Team Building program for MSIG. I received the flight details from the company who booked the ticket for me via email.

Of course the file is from Air Asia, the airline that I will be taking. When I scroll down my flight detail, my eyes opened wide, my jaw dropped, my chin touched the working desk.

I know that most airlines are losing money every year. In fact some airlines are losing money even during good times. I keep wondering how did those budget airlines make money when they charge so low. Yesterday, I got the answer.

When I scroll down the flight detail, I saw a banner type of advertisement from Silky Girl. Part of their revenue is from advertisement. Not only that, they actually sell those lipsticks in the plane. They are selling products that are totally not related to the airline.

I met the owner, Dato’ Tony Fernandes 3 years ago. I have great respect for this man as he turn around a airline company that is losing money. But now, I have admiration for this man. He’s extremely smart for seeing other revenue generating opportunities.

While many airlines are stuck with their airline operations, this guy sees outside the airline industry. Bringing what is from outside into his airline. He’s a true blue entrepreneur.

It has been an interesting week. Ideas are flowing abundantly. It all started from the Internet Wealth Builder I’ve attended. A program conducted by Douglas who is a new enlightened millionaire friend.

Internet Wealth Builder inspired me with ideas that I can do online that generate more passive income for me. Currently I do have passive income from Internet Marketing, but after the program, I see the possibilities to create much much more passive income for myself.

The last few days I was building on a new blog, Inspiration Junction. I kept pushing myself to find out more information, to make the blog better. Now is to drive traffic to the blog. That’s the key to internet marketing.

Though I was building Inspiration Junction, I continue going to the gym for morning workout. With the new Ipod, I managed to save more time. I listened to the audio books while working out. While working out, ideas to improve my training content just flow. I must say the audio book did stir the juices in my brain.

This is so exciting. With new ideas, new projects, I am so looking forward to realize them.

I gave a talk years ago, and a student asked me, “What do you think makes a successful entrepreneur?” I was wondering, isn’t it obvious? On a second thought, I realized that the audience are not entrepreneurs but want to be entrepreneurs. They didn’t move forward to become one because of fear. The fear of whether they can make it as an entrepreneur, the fear of do they possess the traits to be an successful entrepreneur.

With that in mind, I understand why that question came out. It was like the Universe present that question for everyone. The Universe wants me to support these people, so I will.

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This school was the most passive group that I’ve ever trained. I wondered if it’s because they are introvert or they are unwilling to participate.

I’m glad I went through those tough training in presentation skills, and those I picked up from T. Harv Eker, the inspirational multi millionaire; because in that 2 days in Zheng Hua Secondary, I saw the results of those trainings.

Is it that funny?

Like what Sean mentioned, “Initially it was a a slope uphill, by the end of the day, we are on top of the hill.” I continued, “By the end of the program, we are still on top of the hill, we stayed there.”

I am glad that the whole team (Jean, Sean, Peng Tatt and Wendy) managed to draw this group of students out of their turtle shell to get them participate fully.

Feedback from the teacher-in-charge was the games was well planned. The games are able to engage the students. On top of that, the games fulfilled their objectives, that is to drive the lessons through.

I thank the Universe for allowing me this huge challenge, as I grow in confidence after this.

I thank the team for being there supporting. Jean, Sean, Peng Tatt, Wendy, thank you for being there.

A financial planner emailed me this chart. Thought it will be interesting to share with my readers.

How investor lose money

What the chart shows is pure common sense how most people lost their money, yet people behave in an uncommon sense way.

If people lost their money behaving exactly what the chart reflected; that means to be rich just behave the opposite.

Past three days, Jean and myself attended the awesome Millionaire Mind Intensive. It’s been a while since Jean and me attended seminar together. This is definitely one of the amazing seminars that I’ve attended.

T. Harv Eker definitely adds lots of value to me. This guy is simply amazing. And amazing is an understatement.

One powerful lesson that I got out of the program that can lead me easily to financial freedom is to have separate money accounts for specific purposes.

While I have been practicing having 3 different accounts, Harv taught me to have 6 accounts. From 6 accounts, I can better see how my money flows and I can better manage the money that I have. I’ll definitely won’t over spent, yet I can satisfy my desire and not short change myself.

The 6 accounts are:

Financial Freedom Account (I have been practicing this since 2003)

Expenses Account

Play Account

Gift Account (I have been giving since 2003)

Long term Saving For Spending Account

Education Account

By following this system, I can track the money flowing in and out, and I can have more fun in life.

Another powerful lesson I learned. Once you start to manage your money, more will come to you. When you become a good steward of money, the Universe will give you more to manage.

What happened to many others is they continue to burn their money. The Universe goes, “Ok, you can’t manage them well, I better give it to others.”

I must mention. Since I started the Financial Freedom Account 5 years ago, this account alone brings me more money. Now I have learned about these 6 accounts, I believe the Universe will give me more money and opportunities from now on.

Financial freedom shouldn’t be unfamiliar to any one of you by now. Most people are looking towards financial freedom where they can enjoy the freedom of not working yet are not tie down to financial liabilities.

Most people want to be financially free but interestingly they are not practicing the way to financial freedom.

Number one killer towards financial freedom is the lack of ability to control spending. The more you spend, the less you can save or invest. Money that you spent doesn’t work for you, it work for others. Money only works for those who know how to manage them well.

Isn’t it simple?To be financially free, first is to spend less than you earn. But why is it so hard to do it? Well, the urge to spend is caused by emotion. And emotion always trumps logic. To control spending, first control your emotion.

Please don’t get me wrong, I not saying don’t spend at all, live your life poorly or whatsoever. You have to know exactly what you are spending, why you are spending.

You can put aside 10% of your income on spending, pampering yourself. Buy a new shirt, shoes, nice dinner etc. But only use that 10%.

Whenever you have the urge to spend more than the 10%, GET OUT. Let yourself cool down. Ask yourself do you really need it. Will your life change drastically without it?

When you can control having everything now, you can have anything later in life.