The Right Career Choice?

FINDING the right career can be a frustrating choice many people will go through in life.

What jobs to do to ensure a stable and comfortable lifestyle can be a very challenging task to an individual. Research revealed that more than 65% of the working adults do not enjoy what they are doing at work.

While we can intoxicate ourselves in endless education years to delay making the choice towards choosing our career, it is more often than not self-defeating and a waste of time.

Time is such a precious asset that I cannot stress enough its importance. It is given to us so that we can make the most out of our life. Spending time studying stuff you have wavering interests in, or does not have a promising future is a painful waste of your precious time.


So what can you do?

I agree that choosing a career path is an extremely delicate and important process for an individual. This is what determines how enjoyable your life will be.

Here's a good news: You are totally in control of that choice.

Only you will know what is best for yourself. What a third person like myself can do, is to lay out the big picture; find out your interest then offer advice; and determine your capabilities to provide you with options which you might consider taking up.


Finding your interest

Since everyone has the capabilities to do anything that he or she sets their mind to do, the decisive factor then lies in your interest.

Taking on a job that you are extremely handy at; but have totally no passion in doing it is not going to make your life enjoyable, agree? You'll eventually be bored.

One can babble on and on about the benefits of so and so industries and how it will become the new big thing. But if it is not your cup of tea, it is not your cup of tea. It still balls down to what interests you most.

However, finding your interests can also be not as simple as it sounds.

We humans have a range of things we enjoy doing, it is subjective.

One moment you can find yourself worked up about going on a bike hike and another moment you just want to stay home and indulge in the virtual world.

There is absolutely nothing wrong with being fickle. We all have the right to do what we want to do whenever we want to do it. The thing to ask yourself will be, what benefit will the things you are doing bring you? How efficient has your precious asset been utilized?

Don't worry if you have lots of stuff that you would enjoy doing. In fact, its a good thing that your interest lies in many areas. Because, it shows how flexible you are, and the more flexible you can be, the better you thrive.

Spending time thinking about your interest and how you can turn it into your career is time worth spending on. Instead of watching TV or going shopping, why not take some time out and contemplate what kind of life you want to lead? Isn't that more beneficial?

Do yourself the favour of thinking about your future. Your own future is more important to you than anybody else isn't it?

The Importance of Financial Literacy

Check out The New Paper Article: Make Financial Literacy An A-Level Subject?

HEY! Smart people who are reading this post, can I ask you to ask yourself this question?
Its not an A level question, so it is not really hard to answer.

What are the chances of you not getting involved with money the moment you enter society?

I'm sure that the thing most of us will be focusing on, the moment we enter society, is to secure a job. Nothing wrong with that.


In fact, it is the right thing to do. Being a dependant is a no-no and I'm sure many of us would not want to stay that way for too long.

My stance has changed in comparison to several of my earlier posts. I do not attack job holders like I used to before.

In fact, I'm now encouraging people to hold a job that they truly enjoy doing. As society evolves, the correct education becomes crucial if you want to thrive.

Do you agree that no one can possess all the information that is circulating around the entire world in his life time?

The world we live in now is changing so fast that we are forced to move along with it to keep up.

Financial education is no longer a hobby subject.


With so many institutions stressing the importance of managing your own wealth, chances are, those who do not possess this knowledge will become obsolete.

This is a saddening fact. As the financial world gets more and more complicated, more and more sophisticated investment instruments will become more and more prominent.

In the near future, terms like mutual funds and bonds will become only a small fraction of what the whole financial world has to offer for investors. Ignorant people will practically be drowned in investment choices.

Like I have mentioned before, making money is simple to understand but its not easy to do.

I'm not sure about you, but I've asked myself this question: What if I'm left behind?


What is it that you have done to make sure you do not fall behind the investing herd?

Does knowing the chemical composition of hydrochloric acid or memorising the formula of differentiation going to help you solve your money problems?

I'll stress the points of the article above.

Thinking skills are important. But they can only get you so far.

The Analogy

Take running and driving a car.

Which activity requires more effort?
Which activity covers the most distance?
Which activity requires more effort to master?
Which activity is ultimately more efficient?


Running is like working in a job. You spent decades to learn how to run as well as train your body to run further and faster. But how far can you get?

Driving a car is like knowing how money works. Though it takes a longer time to learn and it costs more. But learning how to use a tool will allow you to reach your goals faster. It requires less effort on the long run and you cover more distance in a shorter time.

Before financial literacy becomes a compulsory subject taught in schools, why not give yourself a head start?


Believe it or not, the future generations will be equipped with far more effective society survival skills than what you have now.

If that pose a threat to your livelihood, isn't it time to take action?

There is a solution, but it is not something to be given freely to half-hearted, sceptical people shopping around for easy get-aways.

I'm sure you will choose for yourself whether you want that edge over others. I welcome you to post your concerns regarding your future.


Check out this quiz to test your financial knowledge
http://www.savingadvice.com/quiz.php?quiz=7&page=quiz



Make Financial Literacy An A-Level Subject

Below is an article written by Eugene Wee, a writer of Singapore Press Holdings, Newpaper. The article appeared in THE NEWPAPER ON SUNDAY 26 October 2008 pg 2



I KNOW the A-level exams are just over a week away, so what I'm about to suggest may get some very heavy textbooks thrown at me.



How about we add another compulsory subject to the A-levels - financial literacy.



With the recent incidents of investors losing huge chunks of their savings to the failure of DBS High Notes 5 and Lehman Minibonds investment products, there's no better time to relook whether we should make financial literacy a part of our school curriculum.



In a street poll poll of 100 people done by The New Paper earlier this year, nine out of 10 people believe that financial literacy should be taught in schools.



Last week, one reader wrote to The Straits Times Forum page advocating the same thing - that financial literacy be made a core subject in schools rather than being relegated to supplementary or enrichment lessons.



I think we should go even further - make it an examinable subject.



Even better, it should eventually become an A-level subject. I can almost hear the chorus of outraged parents now - why burden our children, who are stressed enough as it is, by making them study for yet another exam?



Why not just make it a non-examinable subject that they can just learn without having to worry about how to score another 'A'?



Here's why: If the subject isn't interesting, it's going to be a case of one ear in, one ear out.



For a teenager, financial literacy is about as juicy and interesting a subject as advanced thermodynamics.



However, learning how stock markets work, how unit trusts function, and how to diversify your investments at different points of your life are skills that everyone will need sooner or later.



Far more students will find themselves in need of this knowledge in their adult lives than, say, calculus and titration.



And by making financial literacy examinable, you force students to internalise the concepts that they will no doubt make use of later in their lives.



If we are made to learn about financial literacy, then maybe we won't be caught in the situation of the many retirees who plonked their nest eggs into a single risky structured fund without knowing that they could lose it all.



This would have been covered in Chapter 3: Diversifying your portfolio, and Chapter 13: Types of investment products and how they work.



Others who were close to retirement would also not have put all their retirement savings in unit trusts, which have shed by half due to the financial turmoil.



They would have known that the closer you are to retirement, the larger the proportion of your savings should be in safer investments like bonds.



That would have been covered in Chapter 7: Asset allocation for retirement.



Of course, even then, students won't likely be able to understand the inner workings of the Minibonds product. They won't have to, as long as they know it belongs to a category of products that can be considered risky so that they can make more informed financial decisions in the future.



Studying subjects like chemistry and advanced mathematics may be all well and good because they teach you thinking skills.



But financial literacy is a life skill, something that's not just nice for you to know, but something that you will need to know if you want to retire well.



Can't say the same for trigonometry now, can we?

When It's Good To Destroy

Below is an article written by Zhen Ming, a Harvard-trained economist based in Singapore, a freelance contributor to Singapore Press Holdings, Newpaper. The article appeared in THE NEWPAPER ON SUNDAY 26 October 2008 pg 17

"NOT all of The Great Crash is bad.

If history is to repeat itself, what will follow has to be not only good for the world's economy, but would probably be better than its previous model.

On Friday, on the 79th anniversary of the stock market crash that began the Great Depression, Wall Street joined stock markets around the world in a huge sell-off.

This massive sell-off sent major market indexes to their lowest levels in more than five years, on the belief that a punishing economic recession is at hand.

This fear of economic history repeating itself is part of the dog-eat-dog world of big-time business.

Except, here, we business-types prefer to call it 'creative destruction'.


  • Creative destruction is good


    This is a term first coined by economist Joseph Schumpeter in his work entitled Capitalism, Socialism and Democracy (1942) to denote a 'process of industrial mutation that incessantly revolutionises the economic structure from within, incessantly destroying the old one, incessantly creating a new one'.


    In business, creative destruction - not unlike greed - is not only inevitable, it is good.


    Creative destruction occurs when something new (usually better) 'kills' something older.


    Out of this seemingly merciless destruction, a new spirit of creativity arises.


    A great example of this would be the advent of personal computers.


    The PC industry - led by Microsoft and Intel - destroyed many mainframe computer companies in the process.


    A dozen years ago, James Grant - perhaps one of the wisest commentators on Wall Street - wrote a book called The Trouble with Prosperity.


    Grant's survey of financial history basically captures his crusty theory of 'economic predestination'.


    According to Grant, we all go through cycles of self-delusion, sometimes too giddy and sometimes too glum.


    The consolation is that the genesis of the next business take-off usually lies in the ruins of the last economic slowdown.


    Essentially, our economic triumphs and follies will always follow a predestined circular rhythm - one that can be influenced but never be circumvented.


    Thus, if things seem dismal now, they will surely get better. Crisis, in fact, spawns opportunities and progress.



  • Heroic examples from history


    And there are enough heroic examples from history that might encourage you.


    Walt Disney, for instance, lost an acting job as a movie extra and started his famous cartoon company in a garage during the recession of 1923-1924.


    Years later, in 1938, William Hewlett and David Packard teamed up in Silicon Valley during the Great Depression.


    And then there's Bill Gates. He dropped out of Harvard College to launch Microsoft during a downturn in 1975.



  • The Great Depression debate


    The recent bailout events - the stock market's wild swings - have thrust everyone from Seattle to Singapore into a debate about the risks of another Great Depression.


    Has enough been done to protect the economy? Who or what caused this mess? Also, what does all this mean?


    If you must know, it means that, in terms of the stock market, the Dow Jones industrial average will again find its way back down near 7,000 to see whether that is the new floor, or if it is somewhere even below that.


    It means, buckle up, we're in for a lousy economy.


    And it also means the financial sector is not out of the woods and more banks could get in trouble.


    Rest assured, however, after a recessionary phase, the expansionary phase will start again.


    After all, in the repetitive circle of business life, bad times can only breed good.


    Something you can, most definitely, count on."




  • The reason this article caught my attention was because it has some similiarity to my post
    http://moneythology.blogspot.com/2008/08/rise-and-fall-of-economy.html


    In that post, I highlighted the rising and falling of economies as an inevitable phenomenon.


    My First Asset Investment

    Information Regarding The Investment

    Investment Type:
    Land Banking

    Investment Period:
    2 to 4 years

    Investment Nature:
    Capital gain

    Annualized Rate of Return:
    15% to 23% compounded interest

    Return on investment:
    40% to 80%

    Investment amount:
    US$10,000 (1/2,769th registered undivided interest in the land)

    Investment information:
    Arcade Meadows Phase 1
    Jackson County, Georgia
    - Located approximately 97 km northeast of downtown Atlanta, Arcade Meadows Phase 1 features approximately 335.66 acres of land(1.358 km²) and is named after the neighboring city of Arcade. The Property is situated 18.6 km northwest of Athens and 38 km southeast of Gainesville, providing access to two major employment centers.

    -Planning status: The property is currently zoned mixed use and is within the Planned Community Zoning designation of City of Arcade.

    -Top 4 Features:
    1. The Mega Region: The Piedmont Atlantic Mega region (PAM) is a defined growth corridor located in the southeastern United States. The PAM consists of a large economic network of metropolitan regions linked by environmental systems, geography, infrastructure and growth. The state of Georgia is one of six states located within this mega region.

      The PAM is :
      • The fastest growing mega region in the U.S.
      • Inhabited by approximately 47 million people
      • Expected to grow to 82 million people by 2050
      • Representative of almost 7% of total U.S. land area
      • 12.5% of U.S. Gross Domestic Product ($1.7 trillion USD in GDP)

        Sources: America 2050, Leaders Agree Megaregion Strategy is Key to Addressing 21st Century Challenges in the Piedmont Atlantic Region, August 13, 2008; Georgia Tech, Center for Quality Growth and Regional Development, last visited August 27, 2008.


    2. The Fortune Top 12: Atlanta, Georgia is home to 12 of the most profitable companies in the world. A pro growth and business friendly mentality creates an environment attractive to many large global companies such as Coca-Cola, Newell Rubbermaid, Delta Airlines and UPS.

      Atlanta, Georgia is :
      • Headquarters to 12 Fortune 500 companies
      • An attractive commerce center with low corporate taxes
      • The least expensive city in the U.S. for business
      • Ranked 6th in the U.S. for job creation (2007)
      • Home to many large industrial and distribution centers
      • A diverse economic center with not one industry accounting for more than 20% of the entire economy

        Sources: 2007 Metro Atlanta Rankings - Metro Atlanta Chamber of Commerce, last visited August 18, 2008; April 2008 Fortune 500 Issue, www.metroatlantachamber.com/macoc/business/img/Fortune1000.pdf.

    3. The Gateway of Growth: A complex network of infrastructure, including super highways, rail links, commuter trains and air transport, is guiding long term sustainable frowth in the Atlanta region.

      The Gateway of Growth is:

      • Home to the busiest airport in the world (over 85 million passengers per year)
      • The access point to 80% of the U.S. Population (2 hours by plane /2 days by truck)
      • The central hub where 3 major U.S. highways converge
      • The rail center of the south
      • Home to three world renowned universities

        Sources: Georgia Department of Transportation and GVA Advantis; www.georgiabraintrain.com/; Atlanta Chamber of Commerce, Moody's Economy.com, Global Insight; America 2050, Leaders Agree Megaregion Strategy is Key to Addressing 21st Century Challenges in the Piedmont Atlantic Region, August 13, 2008; Georgia Tech, Center for Quality Growth and Regional Development, las visited August 27, 2008.

    4. The Land Plan: Encroached by growth on all sides (Atlanta, Gainsville and Athens), Jackson County displays strong target market fundamentals conducive to Walton's business model.

      The Land Plan is:
      • Acquiring land with a future
      • Managing pressures and barriers to growth
        (topography, demographics, costs)
      • Partnering with pro growth cities and goevrnment bodies
      • Implementing a buying strategy to ensure sub market dominance
    -Quick Facts:
    • Formerly known as Terminus, Atlanta was the zero-mile marker for where the Western & Atlantic Railroads met the Georgia Railroad
    • St. Joseph's Hospital was foudned in 1880 and today, is the oldest Atlanta hospital still in operation
    • In 1929, Atlanta's downtown street level was moved one and a half stories above ground level to cover the numerous railway tracks throughout city
    • The city of Atlanta played host to the Olympic Games in 1996

    Information Regarding The Company Invested In

    Walton International Group

    With 29 years of experience in the real estate market, Walton is one of the largest managers and operators of raw land in North America. Using our expertise, Walton focuses on the purchase of strategically located raw land in the path of development of key North American cities, a concept known as land banking. Traditionally reserved for large institutions or corporations, Walton makes land banking available to qualified investors.
    • Low correlation to equities, bonds and commodities
    • Consistent, proven performance
    • Long term positive, low volatility returns
    -Investment Principles
    • Identification of solid land banking opportunities, structuring these for medium term investment, preparing the raw land for development, and successfully closing exist offers from third party purchasers.
    • Corporate goal of doubling the value of investors' funds i 4 to 6 years
    • Aiming for consistent simple positive returns of 20.0% p.a. while preserving a profile of low volatility performance
    -Buying Low, Selling High (Capital Gain investment)

    -Track Record
    • 36 Full Cycle Investment Programs
    • 15.88% p.a. (compound)
      23.5% p.a. (simple)
    -Distributions
    • CAD$573 Million Distributed in the Last 3 Years
    -Experience
    • 29 Years of Expertise
    • Never Lost Investor's Funds when Held to Maturity
    -Scope
    • 57,000 acres under Management or Contract
    -Service
    • 14 Offices in 7 Countries
    • 45,000 Clients Globally
    Investment Risks

    • Time
      In cases where the land was not able to be developed within time frame due to unforeseen circumstances, there will be a delay in availability for exiting.
      The availability of offers for exiting also determine the rate or return as well as the speed of return.
      -Risk is not within my control

    • Exchange Rate
      At the time of exit, the exchange rate might be higher or lower than when I entered the investment. If the rate is lower, I might lose out on a % of return if I chose to convert it to Singapore Dollar. But there will be a bonus if the rates are higher.
      -Risk is not within my control

    • Scam
      In the case where this investment is a scam, I will lose all my investment capital. This risk can be avoided on the due diligence on my part. So far, from several sources like online forums and magazine articles and offhand conversations, I've gathered that Walton International exists and has been reputed for delivering their claims.
      -Risk is within my control

    • Cash In Need During Emergency
      In cases where I need to get back my money before maturity of investment, the company can file my request to search for willing buyers of my share of investment. Depending on the buyer, I could lose some amount or make a smaller amount of profit due to immature exiting.
      -Risk is within my control


    Rationale For Purchasing This Investment

    • I couldn't allow spare cash that is being eroded by inflation idle in bank accounts
    • This investment offers low volatility and medium rate of returns enough to beat inflation.
    • I understand the value of land and that this investment has a very low chance of going stale
    • Land is limited, and it can be reshaped, restructured and reused for many purposes to increase in its value, therefore, it depends on the developer to boost the land's value
    • The investment amount is reasonable and within my reach
    • The agent appears to be trustworthy and helpful
    • The time frame of this investment is short and I could live without the money during this period of time.

    Whether or not this investment will be profitable, it is a good learning experience. I've already identified several mistakes that I made when I bought this investment. But if all goes well, those mistakes might not lead to a disaster.

    Change People Without Giving Offense Or Arousing Resentment


    Begin with praise and honest appreciation

    IT IS always easier to listen to unpleasant things after we have heard some praise of our good points.

    A barber lathers a man before he shaves him.

    Beginning with praises is like the dentist who begins his work with Novocain. The patient still gets a drilling but the Novocain is pain killing.



    Call attention to people's mistakes indirectly

    Many people begin their criticism with sincere praise followed by the word "but" and ending with a critical statement.

    The person receiving this might feel encouraged until he heard the word "but". He might then question the sincerity of the original praise. To him, the praise seemed only to be a contrived lead-in to a critical inference of failure. Credibility would be strained, and probability to achieve objective of changing the person's attitude would decrease.

    This could be easily be overcome by changing the word "but" to "and."

    The person would accept the praise because there was no follow-up of an inference of failure. We have called his attention to the behaviour we wished to change indirectly, and the chances are he will try to live up to our expectations.

    Calling attention to one's mistakes indirectly works wonders with sensitive people who may resent bitterly any direct criticism.

    Ask questions instead of giving direct orders

    It isn't nearly so difficult to listen to a recital of your faults if the person criticizing begins by humbly admitting that he too, is far from impeccable.

    Admitting one's own mistakes - even when one hasn't corrected them - can help convince somebody to change his behaviour.

    Talk about your own mistakes before criticizing the other person

    Resentment caused by a brash order may last a long time - even if the order was given to correct an obviously bad situation.

    Asking questions not only makes an order more palatable; it often stimlates the creativity of the persons whom you ask. People are more likely to accept an order if they have had a part in the decision that caused the order to be issued.

    Let the other person save face

    Letting one save face is vitally important. Few of us ever stop to think of it. We ride roughshod over the feelings of others, getting our own way, finding fault, issuing threats, criticizing a child or an employee in front of others, without even considering the hurt to the other person's pride.

    A few minutes' thought, a considerate word or two, a genuine understanding of the other person's attitude, would go so far towards alleviating the sting.

    Even if we are right and the other person is definitely wrong, we only destroy ego by causing someone to lose face.

    "I have no right to say or do anything that diminishes a man in his own eyes. What matters is not what I think of him, but what he thinks of himself. Hurting a man in his dignity is a crime."

    Praise the slightest improvement and praise every improvement. Be "hearty in your approbation and lavish in your praise."

    "Praise is like the sunlight to the warm human spirit; we cannot flower and grow without it. And yet, while most of us are only too ready to apply to others the cold wind of criticism, we are somehow reluctant to give our fellow the warm sunshine of praise"

    We all crave appreciation and recognition, and will do almost anything to get it. But nobody wants insincerity. Nobody wants flattery.

    Give the other person a fine reputation to live up to

    If you want to improve a person in a certain respect, act as though that particular trait were already one of his or her outstanding characteristics.

    Give them a fine reputation to live up to, and they will make prodigious efforts rather than see you disillusioned.

    Use encouragement. Make he fault seem easy to correct

    Tell someone that he or she is stupid or dumb at a certain thing, has no gift for it, and is doing it all wrong, and you have destroyed almost every incentive to try to improve.

    But if you are liberal with your encouragement, make the thing seem easy to do, let the other person know that you have faith in his or her ability to do it, that he has an undeveloped flair for it - and he will practise until dawn comes in the window in order to excel.

    Make the other person happy about doing the things you suggest.

    To change attitude or behaviour

    1. Be sincere. Do not promise anything that you cannot deliver. Forget about the benefits to yourself and concentrate on the benefits to the other person.
    2. Know exactly what it is you want the other person to do.
    3. Be empathetic. Ask yourself what is it the other person really wants.
    4. Consider the benefits that person will receive from doing what you suggest.
    5. Match those benefits to the other person's wants.
    6. When you make your request, put it in a form that will convey to the other person the idea that he personally will benefit.
    It is naive to believe you will always get a favourable reaction from other persons when you use these approaches, but you are more likely to change attitudes this way than by not using these principles.

    You can own this book through Amazon.com

    The Undo Button

    AFTER reading the book by Dale Carnegie, How to win friends and influence people, I unconsciously thought about the scene that had happened in the past between me and my first girlfriend.

    We were standing on the stair ways outside her house like we always did before we bade each other good bye. This time round, we met up in the status of friends. It was after our broke up and we thought it would be best if we could maintain contact with each other.

    The me at that time was fired up by the materials from the book written by Adam Khoo. I found the contents so important that I find anyone who doesn't have that knowledge as people who can't survive in this society.

    How foolish is that?

    It was indeed moronic. Moronic in a sense that I overlooked a very important thing that made us human beings.

    Self-worth

    By having that stupid mentality, I made 80% of the world my enemies. It wouldn't be that bad if I had first learnt how to deal with people.

    But I hadn't, and that led me to fall off a cliff of no return.

    Guess what was the very first thing I did?

    I preached to the most important person during that part of my life.

    Without the knowledge or equipment of handling human emotion, I rammed what I believed into the very person I cared about.

    Make a guess again what happened.

    Dark thunderclouds loomed and strong gale ravaged. It was a bloodbath.

    In short, we quarreled.

    1. Nobody likes to be pointed at and announced that their way of thinking is wrong.
    2. Even if that person realizes his or her mistakes, nobody will admit it in the face of an aggressor.
    3. Nobody likes to have another persons way of thinking rammed into them. People always tend to like the fact that they thought out that way of thinking themselves.
    4. Nobody likes to be bossed around, no matter how important that person is to you.
    GG.

    The best part of all is, I didn't even know why I had received such a strong reaction.

    A dumb ass would know better. But not me.

    I persisted with my preaching. The war lasted for a certain time. Both of us got out of it heavily wounded. Eventually, I labeled her way of thinking different and allowed the matter to be fixed as it was.

    Let's come back to now.

    What if I knew? What if I was not that brash? What if I was a dumb ass?

    "Please let me undo all the sins I've committed!"

    "NOT"

    ...

    why not?

    here's why...

    I wouldn't have understood the reason for being who I am now.

    We need to constantly change, improve. We need to be able to put down the past and only pick it up to learn its lessons.

    The undo button, the ctrl+z, I'm more relieved that it didnt exist in real life than I'd resent it. Undo buttons remove traces of unpleasant history. But it is from these unpleasant history that we can learn the most from.

    Each time we fall, we stand up but we do not neccessarily become stronger. Only when we think back and understood why we fell, would we then become stronger.

    The me with the undo button will not understand the importance of handling people. I'll end up undoing each time I hit a wall, and that will become a permanent thing since I'll never find out why I hit a wall. The wall will just be undone. I'll just repeat what I've done and hit another wall. And undoing and hitting and undoing...

    That's a bigger GG than before.

    So if you are somebody who can't let go of the past, pray for an undo button in your life.

    If it doesn't comes true, good for you. If it does, good luck!

    You will enter the parody of wishing that you hadn't made that wish but do not understood why you made it after you undid it, and you'll make the same wish again, only to find yourself disliking the undo button. You'll be making that wish, undoing the wish and end up making the wish for an undo button again... and again... and again...

    So if the undo button isn't the way out? What then?

    You figure it out yourself.

    Win People To Your Way Of Thinking

    The only way to get the best of an argument is to avoid it

    YOU can't win an argument. You can't because if you lose it, you lose it; and if you win it, you lose it. Why? Well, suppose you triumph over the other man and shoot his argument full of holes and proves that he is non compos mentis. Then what? you will feel fine. But what about him? You have made him feel inferior. You have hurt his pride. He will resent your triumph.

    A man convinced against his will is of the same opinion still.

    If you argue and rankle and contradict, you may achieve a victory sometimes; but it will be an empty victory because you will never get your opponent's good will.

    "Hatred is never ended by hatred but by love"

    A misunderstanding is never ended by an argument but by tact, diplomacy, conciliation and a sympathetic desire to see the other person's viewpoint.

    No man who is resolved to make the most of himself can spare time for personal contention. Still less can he afford to take the consequences, including the vitiation of his temper and the loss of self-control.

    Better give your path to a dog than be bitten by him in a contesting for the right. Even killing the dog would not cure the bite.

    How to prevent disagreement from becoming an argument?

    • Welcome the disagreement:- "when two partners always agree, one of them is not necessary." Be thankful if there is some point you haven't thought about. It is your opportunity to be corrected before making mistake.

    • Distrust your first instinctive impression:- The natural reaction to a disagreement is usually to be defensive. Keep it in check for it may be you at your worst.

    • Control your temper:- The size of a person can be measured by what makes him or her angry.

    • Listen first:- Allow bridges of understanding to be built by letting your opponent finish his talk. Do not resist, defend or debate for it only raises a higher barrier of misunderstanding.

    • Look for areas of agreement:- After hearing what your opponent has said, dwell first on the points an areas on which you agree.

    • Be honest:- If you made a mistake, apologize and admit it. It will disarm your opponents and reduce defensiveness.

    • Promise to think over your opponent's ideas and study them carefully:- It is easier to agree to think about their points than to move rapidly ahead and find yourself in a position where your opponents can say: "We tried to tell you, but you wouldn't listen."

    • Thank your opponents sincerely for their interest:- Think of those who took time to disagree with you as people who are interested and wanted to help, you may turn your opponent into friends.

    • Postpone action to give both sides time to think through the problem:- Suggest to resolve the issue on another time when all facts have been gathered. Assess your situation and choose the best argument that can benefit both parties.

    • When one person yells, the other should listen: - because when two people yell, there is no communication, just noise and bad vibrations."

    Show respect for the other person's opinions. Never say, "You're wrong."


    Men must be taught as if you taught them not. And things unknown proposed as things forgot.

    You cannot teach a man anything; you can only help him to find it within himself.

    "Be wiser than other people if you can; but do not tell them so."

    "One thing only I know, and that is that I know nothing."

    You will never get into trouble by admitting that you maybe wrong. That will stop all argument and inspire your opponent to be just as fair and open and broadminded as you are. It will make him want to admit that he, too, may be wrong.

    Few people are logical. Most of us are prejudiced and biased. Most of us are blighted with preconceived notions, with jealousy, suspicion, fear, envy and pride.

    When we are wrong, we may admit it to ourselves. And if we are handled gently and tactfully, we may admit to others and even take pride in our frankness and broad-mindedness. But not if someone else is trying to ram the unpalatable fact down our esophagus.

    "Agree with thine adversary quickly."

    "Be diplomatic, it will help you gain your point."

    If you are wrong, admit it quickly and emphatically

    Say about yourself all the derogatory things you know the other person is thinking or wants to say of intends to say them. Chances are that a generous forgive attitude will be taken and your mistakes will be minimized.

    Any fool can try to defend his or her mistakes - and most fools do - but it raises one above the herd and gives one a feeling of nobility and exultation to admit one's mistakes.

    "By fighting you never get enough, but by yielding you get more than you expect"

    Begin in a friendly way

    If a man's heart is rankling with discord and ill feeling towards you, you can't win him to your way of thinking with all the logic in Christendom. Scolding parents and domineering bosses and husbands and nagging wives ought to realize that people don't want to change their minds. They can't be forced or driven to agree with you or me. But they may possibly be led to, if we are gentle and friendly, ever so gentle and ever so friendly.

    "A drop of honey catches more flies than a gallon of gall."

    The sun can make you take off your coat more quickly than the wind; and kindliness, the friendly approach and appreciation can make people change their minds more readily than all the bluster and storming in the world.

    Get the other person saying "yes, yes" immediately

    In talking with people, don't begin by discussing the things on which you differ. Begin by emphasizing - and keep on emphasizing - the things on which you agree. Keep emphasizing if possible, that you are both striving for the same end and that your only difference is the one of method and not of purpose.

    When a person says "No" and really mean it, he or she is doing far more than saying a word of two letters. The entire organism - glandular, nervous, muscular - gathers itself together into a condition of rejection. The whole neuromuscular system set itself on guard against acceptance. On the contrary, when a person says "Yes" none of the withdrawal activities takes place. The organism is in a forward-moving, accepting, open attitude. Hence the more "Yeses" we can induce, the more likely we are to succeed on capturing the attention for our ultimate proposal.

    "He who treads softly goes far."

    Let the other person do a great deal of the talking

    Most people trying to win others to their way of thinking do too much talking themselves. Let the other people talk themselves out. They know more about their problems than you do. SO ask them questions. Let them tell you a few things.

    If you disagree with them you may be tempted to interrupt. But don't. It is dangerous. They won't pay attention to you while they still have a lot of ideas of their own crying for expression. So listen patiently and with an open mind. Be sincere about it. Encourage them to express their ideas fully.

    Let the other person feel that the idea is his or hers

    Don't you have much more faith in ideas that you discover for yourself than in ideas that are handed to you on a silver platter? It is wiser to make suggestions - and let the other person think out conclusion.

    "The reason why rivers and seas receive the homage of a hundred mountain streams is that they keep below them. Thus they are able to reign over all the mountain streams. So the sage, wishing to be above men, putteth himself below them; wishing to be before them, he putteth himself behind them. Thus though his place be above men, they do not be feel his weight; though his place be before them, they do not count it an injury."

    Try honestly to see things from the other person's point of view

    There is a reason why the other man thinks and acts as he does. Ferret out that reason - and you have the key to his actions, perhaps to his personality.

    "Stop a minute to contrast your keen interest in your own affairs with your mild concern about anything else. Realize then, that everybody else in the world feels exactly the same way."

    Success in dealing with people depends on a sympathetic grasp of the other persons' viewpoint."

    Seeing things through another person's eyes may ease tensions when personal problems become overwhelming.

    "I would rather walk the sidewalk in front of a person's office for two hours before an interview than step into that office without a perfectly clear idea of what I was going to say and what that person - from my knowledge of his or her interests and motives - was likely to answer."

    Be sympathetic with the other person's idea and desires

    "Sympathy the human species universally craves. The child eagerly displays his injury; or even inflicts a cut of bruises in order to reap abundant sympathy. For the same purpose adults show their bruises, relate their accidents, illness, especially details of surgical operations. 'Self-pity' for misfortunes real or imaginary, is in some measure, practically a universal practice."

    Appeal to the nobler motives

    "A person usually has two reasons for doing a thing: one that sounds good and a real one."

    The person himself will think of the real reason. Being idealist at heart, all of us like to think of motives that sounds good. So, in order to change people, appeal to nobler motives.

    The only sound basis to assume about a person is that he or she is sincere, honest, truthful and willing and anxious to pay the charges, once convinced that they are correct.

    People are honest and want to discharge their obligation. The exceptions are comparatively few, and the individuals who are inclined to chisel will in most cases react favorably if you make them feel that you consider them honest, upright and fair.

    Dramatize your ideas

    The movies do it. TV does it. Why don't you do it?

    Throw down a challenge

    The way to get things done is to stimulate competition. Not in sordid money-getting way, but in the desire to excel.

    The one major factor that motivated people was the work itself. If the work was exciting and interesting, the worker looked forward to doing it and was motivated to do a good job.

    That is what every successful person loves: the game. The chance for self-expression. The chance to prove his or her worth, to excel, to win.

    Make People Like You


    Become genuinely interested in other people


    YOU can make more friends in two months by becoming interested in other people than you can in two years by trying to get other people interested in you.

    It is the individual who is not interested in his fellow men who has the greatest difficulties in life and provides the greatest injury to others. It is from among such individual that all human failures spring.

    One can win the attention and time and cooperation of even the most sought after people by becoming genuinely interested in them.

    "We are interested in others when they are interested in us"


    Smile

    People who smile tend to manage, teach and sell more effectively, and raise happier children. There is far more information in a smile than a frown. That's why encouragement is a much more effective teaching device than punishment.

    "People rarely succeed at anything unless they have fun doing it"

    Everybody in the world is seeking happiness - and there is one sure way to find it. That is by controlling your thoughts. Happiness doesn't depend on outward conditions. It depends on inner conditions.

    It isn't what you have or who you are or where you are or what you are doing that makes you happy of unhappy. It is what you think about it.

    Two people may be in the same place, doing the same thing; both may have about an equal amount of money and prestige - and yet one may be miserable and the other happy. Why? Because of a different mental attitude.

    "Most folks are about as happy as they make up their minds to be"

    笑脸, 不能开店

    "The value of a smile

    It costs nothing, but creates much.

    It enriches those who receive, without impoverishing those who give.

    It happens in a flash and the memory of it sometimes lasts forever.

    None are so rich they can get along without it, and none so poor but are richer for its benefits.

    It creates happiness in the home, fosters good will in a business, and is the countersign of friends.

    It is rest to the weary, daylight to the discouraged, sunshine to the sad, and Nature's best antidote for trouble.

    Yet it cannot be bought, begged, borrowed, or stolen, for it is given away.

    Nobody needs a smile so much as those who have none left to give"



    Remember that a person's name is to that person the sweetest and most important sound in any language.


    People are so proud of their names that they strive to perpetuate them at any cost.

    Most people don't remember names, for the simple reason that they don't take the time and energy necessary to concentrate and repeat and fix names indelibly in their minds. They make excuses for themselves; they are too busy.

    Half the time we are introduced to a stranger, we chat a few minutes and can't even remember his or her name by the time we say good bye.

    We should be aware of the magic contained in a name and realised that this single item is wholly and completely owned by the person with whom we are dealing... and nobody else.

    The name sets the individual apart; it makes him or her unique among all others. The information we are imparting or the request we are making takes on special importance when we approach the situation with the name of the individual.



    Be a good listener. Encourage others to talk about themselves


    "Few human beings are proof against implied flattery of rapt attention"

    Even the most violent critic, will frequently soften and be subdued in the presences of a patient, sympathetic listener - a listener who will be silent while the irate fault finder dilates like a king cobra and spews poison out of his system.

    If you want to know how to make people shun you and laugh at you behind your back and even despise you, here is the recipe:

    • Never listen to anyone for long
    • Talk incessantly about yourself.
    • If you have an idea while the other person is talking, don't wait for him or her to finish, bust right in and interrupt in the middle of a sentence
    To be interesting, be interested. Ask questions that other persons will enjoy answering. Encourage them to talk about themselves and their accomplishments.

    A person's toothache means more to that person than a famine in China which kills a million people.

    A boil on one's neck interests one more than forty earthquakes in Africa



    Talk in terms of the other person's interest

    The royal road to a person's heart is to talk about the things he or she treasure most.


    Make the other person feel important - and do it sincerely

    Always make the other person feel important.

    "Do unto others as you would others do unto you."

    You want the approval of those with whom you come in contact. You want recognition of your true worth. You want a feeling that you are important in your little world. You don't want to listen to cheap, insincere flattery, but you do crave sincere appreciation. You want your friends and associates to be "hearty in their approbation and lavish in their praise."

    All of us want that.

    Little phrases such as "I'm sorry to trouble you," "Would you be so kind as to --?" "Won't you please?" "Would you mind?" "Thank you" - Little courtesies like these oil the cogs of the monotonous grind of everyday life - and incidentally, they are the hallmark of good breeding.

    The life of many person could probably be changed if only someone would make him feel important.

    The unravished truth is that almost all the people you meet feel themselves superior to you in some way, and a sure way to their hearts is to let them realise in some subtle way that you realise their importance, and recognise it sincerely.

    The pathetic part of it is that frequently those who have the least justification for a feeling of achievement bolster up their egos by a show of tumult and conceit which is truly nauseating.

    "Talk to people about themselves and they will listen for hours."

    Fundamental Techniques In Handling People


    Don't Criticize, Condemn or Complain.


    "ANY fool can criticize, condemn and complain - and most fools do."

    "A great man shows his greatness, by the way he treat little men"

    "Criticism is futile because it puts a person on defensive and usually makes him strive to justify himself."

    "Criticism is futile because it wounds a person's precious pride, hurts his sense of importance, and arouses resentment."

    Instead of condemning people, let's try to understand them. Let's try to figure out why they do what they do. That's a lot more profitable and intriguing than criticism; and it breeds sympathy, tolerance and kindness.


    Give honest and sincere appreciation.


    There is only one way to get anybody to do anything. And that is by making the other person want to do it.

    The only way I can get you to do anything is by giving you what you want.

    The deepest urge in human nature is the desire to be important.

    "There is nothing else that so kills the ambitions of a person as criticisms from superiors."

    Appreciation is sincere; Flattery is insincere.

    "Flattery is telling the other person precisely what he thinks about himself"

    Hurting people not only does not change them it is never called for.

    Arouse in the other person an eager want

    THE only way on Earth to influence people is to talk about what they want and show them how to get it.


    Arouse in the other person an eager want. He who can do this has the whole world with him. He who cannot walks a lonely way.

    If there is anyone secret of success, it lies in the ability to get the other person's point of view and see things from that person's angle as well as from your own.


    "Self-expression is the dominant necessity of human nature"

    "When we have a brilliant idea, instead of making others think its ours, why not let them cook and stir the idea themselves. They will then regard it as their own; they will like it and maybe eat a couple of helpings of it."

    My New Book

    I'm writing a picture book targeted at children and teenagers from age of 6 to 12 years old. This book's aim is to educated the young people on the subject of money. This book will be published June 2009, so watch out for it.

    I've been working on the draft for some time now, gathering my research materials and making notes from books I've read. I've decided to come out with my brand of theory about money.

    Amateurish and over-ambitious as I might have sounded, my declaration itself served more purpose than mere self-boosting of ego. Think about it this way, my vow of publishing a book will motivate me to go ahead with the hard work required to put together a quality reading material as my honor is at staked here.

    Even if my book doesn't sell, I can get so much more than mere profits. The hundreds of hours going through notes and articles, time and thought put into the book will enhance my knowledge of the money world, it will also force me to read up on a lot more materials than I'm currently exposing myself to. I'll grow more in terms of knowledge than financially. So I see no harm in writing my book, only endless benefits. The money made is a bonus.

    The name of the book will be called MoneyThology - My First Big Book Of Money. I'm intending to write a whole series of 10 books, each book will cover various aspects of the financial world.

    It's a picture book, with illustrations and words, so I'll also have to work on the graphics and aesthetics aspect of the book. I'm a graphics person, pictures excite me more than words. For readers who don't know about the current diploma that I'm pursuing(I didn't include this info anywhere on this blog as I do not want to be known as someone with that profession, its merely on interest that I took up the course, more on this topic in future), I'm dappling in the digital media. In elaborated terms, I'm studying about the new digital forms of communicative art.

    I'm going to translate the wisdom that dozens of authors have passed on to me into pictures. Picture books on money targeting children are painfully little or even non-existence. I shopped around in the children section of a book store, most of the books do not teach children about money. There were dinosaur mini encyclopedias, phonics, science experiments, human body fact books, and lots of fiction and fairy tales.

    Money is a subject that cannot be classified into age groups. You can have a 56 years old who doesn't know as much a 23 years old. It's a subject about being aware, the earlier you are aware of money, the more likely you'll do well in this subject. There's no right or wrong in money. This is proven by the age-old economists whom tried to devise the perfect money policy that lasts forever, non of them ever have their theories implemented forever.

    Money is a subject that is ever changing, its something that the more you are exposed, the more likely you'll understand and integrate it into your own understanding. Money works best the way you understand it. If your understanding of money is that it comes from hard labour, it most certainly will dictate how the rest of your life will be like.

    Here's the big secret, no matter how hard you try, you can never escape from money. Its evolution has come to a point where the disappearance of money will throw us all into chaos. So instead of avoiding it, why not try to understand what it can do for you. This way, you'll have a great ally instead of a fearsome master.

    Now back to the book I'm writing. As I've mentioned, I'm writing a series of 10 books. I've highlighted a few topics that I'll be including in my book, the content is not really out but I've a rough idea what I want to do.

    Here are some pointers that I've noted down that I want to write about

    Fact based contents
    • The origin of money(e.g. from barter to gold pegged)
    • The evolution of money(e.g. from gold pegged to today's currency)
    • Laws concerning money(e.g. banking loan rate, investment laws protecting the investors)
    • Different careers and their contribution to the economy
    • Various economists and a look into their life and policies, their impact on the world
    • Profiles of successful people and their characteristics
    • Various investment vehicles in the financial world
    Analogy based contents
    • Concept that anyone with an income can amass wealth
    • Concept that the right mindset can determine success
    • Illustrates that the friends around us will determine our future
    • Illustrates that time management is important
    • Demonstrates the importance of having goals
    Now here's what so exciting about my book. I'm creating a fictional world. It has always been my childhood fantasy to create my own world. This time round it's bigger and more purposeful. Instead of magical worlds where there are angels, demons, dragons or monsters, this world will be the perfect utopia where the concept of money can be better illustrated.

    Here's why. In the real world, we have something called the undetermined fate, we cannot see pass the choices we do not understand, therefore, we cannot foresee our future. In this world, I abolished the law that gave power to fate. I abolished the thing called luck and thus no such thing as accidents. I bestowed upon my people equal amount of time that they can spend. I ruled that opportunities are equal for all, so in my world, you can never find a lottery booth or gambling den, everyone's probability of wining is the same, so there's no point trying out your luck. The scenarios given in my book is based on these rules, so its safe to assume that you as a citizen of my world(Moneyland) will live and die at the age of 100, will suffer no bad luck as to die in an accident. It is totally up to you to decide how to spend your life.

    My aim? Not to conjure up fantasy, my aim is to reflect upon my readers, how similar Moneyland can be to the real world. In our world, there can be no accidents if you think about it carefully, everthing happened for a reason, caused by an effect.Time is ours to spend so you cannot blame anyone except yourself if you have no time.

    Basically, time and opportunity is not what's stopping you from becoming rich, some other magic is at work, and you can find out what it is.