Aaron Loh Blog

A Fresh New Look!

noreply@blogger.com (Aaron Loh) — Fri, 27 Jun 2008 05:23:00 +0000

Dear Reader,

This blog will still be available for your reading pleasure. My future postings can be found at www.AaronLoh.com. Please continue to support my site.

Thanks a million!

Cheers
Aaron Loh

BMW : A Performance Machine... Symbol of Quality

noreply@blogger.com (Aaron Loh) — Thu, 19 Jun 2008 15:48:00 +0000

2008 BMW M3 Convertible is so hot. People in countries like South Africa and USA are buying like crazy.

Are You Operating in Default Mode?

noreply@blogger.com (Aaron Loh) — Tue, 10 Jun 2008 14:44:00 +0000

Have you ever done a review of your life at various stages? For example, during childhood time, if you could remember, what were you thinking of most of the time? How about when you were a teenager, what kind of lifestyle were you living. Was it a typical teenage life? Were you happy?

What were you thinking most of the time when you were pursuing paper qualifications such as diploma, degree or even master? Were you very totally focus on completing to be the top student? What was the first thing in your mind when graduation was approaching? Was looking for a good paying job in your top list? Very opposite to that, some will plan for long vacation to various hot destinations. Were you one of them? The day you started work, what were your priorities? Was climbing the corporate ladder a natural thing for you?

If you could relate very intimately what I have mentioned here, it could simply mean that all this time, you were operating in the default mode. 80 percent of people in this world lead a default life. They get a safe job, save money, live below their means, buy a house, buy a car, own a few credit cards, get out of debt, and invest for the long term in a well-diversified portfolio of mutual funds which they have no idea at all. They enjoyed as much as they could during younger days. During schooling days, they focused most of their time on improving their studies. They barely took interest in other things that happened around them, which could have positive or negative impact to them.

While at work, job satisfaction and good salary were priorities. At the same time, you hope that your pension scheme could ensure a wonderful retirement for you. You felt that the government could do more to help your financial situation. Do these start to ring a bell? Look at the peers around you. Do these apply to them? The important question is, were you living such life?

Is it a great life you are leading? Are you proud of what you have achieved to this point in time? Well, if your answer is no, then please read on. Success coach, Tony Robbins said that if you keep doing the same thing, you will achieve the same result. Insanity is when you expect a different result by doing the same thing again and again.

You only live once. So the message that I would like to deliver across is that we should make full use of our time to start doing something very meaningful. It is like leaving behind a legacy. When you look back at your achievements, you would give a well-deserving pat on your back and say, "Great job!"

My Aussie apartment

noreply@blogger.com (Aaron Loh) — Tue, 03 Jun 2008 04:10:00 +0000

It's an investment property I bought last year. It's called Micasa8... located on Swanston Street, Melbourne. The contruction is on-going and is now constructing level 5.

It Pays To Know How Much Is Your Time Worth

noreply@blogger.com (Aaron Loh) — Thu, 29 May 2008 08:06:00 +0000

From the start of your first job till this day, have you ever asked yourself this question, "How much is my time worth?" If your answer is yes, then that's a good start. If not, then it's very highly unlikely that you are making the desirable income that you want.

There are many reasons why an employee work for a particular employer. However, we can't deny that one of the most important reasons is the salary. If your pay is too low, then you might start looking elseswhere for a higher paying job. Well, there's nothing wrong about that. Cost of living keeps rising, so it's nothing unusual to seek for a higher paying job in order to maintain your lifestyle.

Is job hopping really going to help you earn the desired income? Let's take a look at the following example.

A person has switched to a new job which pays him better. We're talking about a 20% pay increase and it sounds really good right? But not too fast yet.

Previous Job: average 44 working hours per week ; salary of $2,500 per month ; $14.20 per hour
New Job: average 55 working hours per week ; salary of $3,000 per month ; $13.64 per hour

A job which offers better renumeration could simply means demanding more of your commitment, hence putting more time at work. If you take the average of working hours per month and divided it by the monthly salary will give you the income per hour. So you are paid this amount for one hour of your time.

Of course, I'm using an example that is not too favourable, but is realistic. It does happen to any man on the street. Based on this example, you may think that you are getting a better salary but actually you are not. You sacrifice more of your precious time and yet being paid lower income per hour. The lesson we could learn from here is to fully realize that the amount of your time is very limited. 24 hours a day same for everyone.

Be wiseful on how you utilize your time. If you are selling your time to get money, make sure you know how much your time is worth because nobody in this planet values your time as much as you do.

Adam Ginsberg Boot Camp Rocks

noreply@blogger.com (Aaron Loh) — Sun, 18 May 2008 14:49:00 +0000

Hi, I'm back.... Fresh from an awesome training course by Adam Ginsberg, the guy who sold USD20 Million on eBay. Please take a look at some pictures which I took during the 3 day course.

the eBay man... Adam Ginsberg
with Gates... he was a great guy

the ever friendly Michael

it's lunch break yeah

Adam helping a participant

Gates busy busy busy

That black figure on the banner, that's me!
My wife was with me too :)

National Achievers Congress 2008

noreply@blogger.com (Aaron Loh) — Fri, 02 May 2008 14:42:00 +0000

T Harv Eker in action

Joe Girard made his entrance to the stage... Grand welcome by the audience...

Joe put up a magnificent act during his presentation

My lovely wife, Caroline

This year's NAC, we were very honoured to see Joe Girard. It had been a long time since he last came to Singapore. Joe was full of energy and a very humourous person in real. The other speakers were equally great. Blair Singer spoke from his heart. He was so genuine. All in all, we had two days of fun filled learning.

Great Lessons From The Apprentice 6

noreply@blogger.com (Aaron Loh) — Tue, 22 Apr 2008 02:56:00 +0000

My wife and I watched the Episode 3 of The Apprentice Season 6. There were great lessons that we learned. This episode taught some vital lessons about quitting, product development, marketing and etc.

Donald Trump divided the Arrow team into two groups: one team led by Aaron and another led by Michelle. Each team created a themed tour for Starline, a company that gives tours of Hollywood on double-decker buses. The team that got the best after-tour rating from customers would win. Aaron's team delivered a much better tour and achieved an 82% approval rating from their tour-takers. Michelle's team got an approval rating of only 58% and suffered a bruising loss.

Situation

James suggested having the Laker Girls sign up tourists for his team's tour. He hit on a strategy that gave his team an early lead.

Lesson

Be inspired and inspiring. When you have a compelling idea that your gut tells you is right, have the courage to sell it.

Situation

James boarded a Starline tour bus and asked tourists what they liked, and didn't like, about the tour they were taking, he engaged in some brilliant, grass-roots market research and learned how to win. Because Michelle and her team never talked to a single customer, they dished up a ho-hum experience to their customers.

Lesson

Talk to your customers! They will tell you what they want. But first, you have to ask.

Situation

This was the best of all. Michelle quitted instead of waiting to be fired. She was being proactive. But by being a quitter!

Lesson

Stay in the game. That's what Mr. Trump was telling her when he said, "You will not be proud . . . never, ever quit." How can you ever succeed in your career if you walk away when things get tough?

Delay of Gratification

noreply@blogger.com (Aaron Loh) — Fri, 11 Apr 2008 06:57:00 +0000

An acquaintance asked me a question, "Why am I not living luxuriously when I can afford it?" It's not that I dislike driving Mercedes Benz or BMW. I would love to own one of my own. It's not that I hate the idea of staying in a posh apartment or condominium facing the sea. My wife and I would love to own one.

My answer would be "Delay of gratification." I realized that most people tend to shower themselves with excellent gifts when they receive decent amount of money from a salary increase, prize money, inheritance and etc. They couldn't resist the temptation of lavishing on luxurious items.

Deferred gratification or delayed gratification is the ability to wait in order to obtain something that one wants. This ability is usually considered to be a personality trait which is important for life success. Daniel Goleman has suggested that it is an important component of emotional intelligence. People who lack this trait are said to need instant gratification and may suffer from poor impulse control.

Robert Kiyosaki, in his teaching stressed the difference between buying an asset and a liability. Asset puts money into our pocket. Liability takes money out of our pocket. As simple as that. So I would rather buy more assets that will put more passive income into my pocket. In doing so, I will build long term passive income to fund what I desire to buy in the future.

So the next time you are having the slightest idea of buying an expensive gift to pamper yourself, think carefully. Do you need it so urgently or can you just turn back and tell yourself "Delay of Gratification." Delay is not a denial.

Do You Need A Perfect Product?

noreply@blogger.com (Aaron Loh) — Mon, 24 Mar 2008 08:03:00 +0000

When you are in business, potentially you can create jobs for people. That's how jobs are created. To many entrepreneurs, job creation is one of the best thing a successful business can offer back to the society. It fuels the economy too. When job ownership goes up, more people will have income which they can spend, hence do good to the economy.

You can choose to start a business on your own or partnership. In fact, there are many ways for you to start a business. You can buy a franchise, take over an existing viable business, network marketing, trading and etc. No matter what business you do, you know you are doing this for good. You truly see the good values of your product and services will benefit others. But do you need to have a product or service that is perfect before you can do business? I don't think so.

Does Microsoft's products have unidentified software bugs? I'm a Windows OS user. I know that this OS can do wonders but yet still have its limitations. Is it a perfect product? I would say no. But is it a good product in general? I would say yes. Did Bill Gates wait for a 100% perfect product before Microsoft start selling? The answer is no. Microsoft will address those limitations of its software in an on-going process. Software patches and updates are released as time goes.

Now, what message am I trying to deliver? What I'm trying to say is that you should not throw the white towel and call it quit if you realize that you have an imperfect product. If you quit just months after starting your business, then it speaks a lot of your limit. You can't handle adversity. As the big boss, you need to stay focus, set your expectation realistically, be patient and find ways to improve your products and services. Remember that you have a team of people working for you. You can't let them down. So the next time if you feel lousy because of such reason, think of the Microsoft's example which I quoted in here and choose to make a difference!

Why Do People Give Up Their Dreams?

noreply@blogger.com (Aaron Loh) — Mon, 17 Mar 2008 15:06:00 +0000

This is a beautiful article that I chance upon.

Fear is the number one reason that people do not live their dreams. Fear holds us back, sometimes paralyzing us, and prevents us from moving forward.But, when you look back at your life, what do you want it to be about? Do you want to say, "I could have" or "I did"? The choice is yours, what words do you want to come out of your mouth?

So how do you move past your fears and live your dreams? Follow these easy steps:

1. Acknowledge that you have dreams. I meet so many people who say that they don't have dreams or they can't remember what they are. You know what your dreams are, you really do. You've just pushed them down so deep that it might take some time to bring them to the surface again. Let them out, you are worth it.

2. Write down your dreams. How can you live your dreams if you can't see what they are? Write them down. Don't judge your dreams or wonder "how?" Just do it!

3. Break your dreams into small steps. All accomplishments in life happen when you take the first step. It doesn't have to be large one. It just has to get you moving. Small steps will get you to your dreams. Until one day, you realize that you are there.

4. Face the barriers that are keeping you from living your dreams. What's keeping you from living your dreams? Not enough money or time? Too many responsibilities? Look for ways to overcome this. There will always be a reason not to do something. It's up to you if you want to give into these reasons or not.

5. Find people who will support you. They should be people who love you and will cheer you on as you move towards your dreams. Tell them how much you love and appreciate them. You do not want to live your dreams by yourself.

6. Pat yourself on the back for your successes. You deserve it! The fun part of living your dreams is the journey. It's the piece that builds character and the piece that you will remember the most.

7. Recognize that fear will not go away. There are times when you will wonder if you have what it takes to fulfill your dreams or if you deserve to live them. Fear is a normal part of human nature. If you can accept that fear will occur during this process then you don't have to spend time worrying what you will do if you do get afraid because you will have this part handled. The only way past fear is through it and not around it. You can do it!

So feel the fear and live your dreams anyway! There are no guarantees, but the rewards are plentiful if you believe in yourself. No one is going to live your dreams for you. It's up to you to create your own life. Why not have that life filled with dreams.

Investment guru says GIC, Temasek will lose money on US banks

noreply@blogger.com (Aaron Loh) — Thu, 06 Mar 2008 04:13:00 +0000

INVESTMENT guru Jim Rogers believes that US bank stocks could fall further and predicts that Singapore's state investors will lose money on their multi-billion dollar investments in Citigroup and Merrill Lynch. 'I'm shorting investment banks on Wall Street,' the long-time commodities bull told reporters on Wednesday at a launch event for ABN AMRO certificates linked to commodities.

'It grieves me to see what Singapore is doing. They are going to lose money,' he added, referring to investments by Government of Singapore Investment Corp and Temasek in Citigroup, Switzerland's UBS and Merrill Lynch.

Mr Rogers, an American who co-founded the Quantum Fund with billionaire George Soros in the 1970s, now lives in Singapore as he wants to raise his four-year-old daughter in an environment where she can learn Mandarin Chinese.

Mr Rogers, who also writes investment books, said Wall Street had to work off 10 years of excesses and predicted that losses linked to risky mortgages will eventually spread to credit card bills, student loans and other debt. -- REUTERS

Warren Buffett says US economy in recession

noreply@blogger.com (Aaron Loh) — Tue, 04 Mar 2008 08:24:00 +0000

Billionaire US investor Warren Buffett said Monday that the American economy was already in a recession, but he also expressed optimism that the economy would rebound strongly in time.

Asked in an interview with the CNBC business television network whether he thought the economy was in a recession, Buffett responded: "I think it's clear. What isn't clear, is how far it goes."

"I see what's going on in terms of the wealth of Americans and how they feel about their houses, I see purchasing power decline, obviously when someone forecloses on a home, the purchasing power of that family is not going to be very much. I see unemployment increasing a little bit," Buffett said.

Be Willing To Do What's Hard

noreply@blogger.com (Aaron Loh) — Tue, 04 Mar 2008 08:12:00 +0000

There are bound to be challenges, discomfort and hardship when you venture into your new business. But if you persist, do the right thing and stay focus, this Universe will reward you abundantly. You will taste the fruit of success, which is indeed very sweet.

With this, I draw your attention to this man who has a never-say-die attitude.

As a boy, he collected garbage and sold rice snacks to put himself through night school. He often went hungry, when even the beggars who were his neighbours had food to eat. He was also shy with girls. When he sold his snacks outside a girls’ school, he would cover his face with a straw hat whenever students walked past.

But he persevered, and won a place at the prestigious Korea University. After graduation, he joined a small firm – Hyundai Construction – as a clerk. His rise up the ranks was meteoric for his time, and he was the firm’s CEO when he was only 36. In the next two decades, he transformed Hyundai Construction into a global company, undertaking building projects in a number of countries. His rags-to-riches story is the stuff of TV soap operas, and indeed Mr Lee Myung Bak’s life was the subject of two Korean television dramas in 1990. he has now become part of Korean folklore.

And last Monday, 25 Feb 2008, he ascended to the highest office in South Korea. He is 66 years old. When he delivered his inaugural speech, he reminded Koreans that dreams do come true.
“A country boy who could not even eat regular meals… became the President of the Republic of Korea,” he said.

Dear friends, don’t let your complacency and comfort zones become your worst foes in life. You only live once.

Become A Great Learner

noreply@blogger.com (Aaron Loh) — Thu, 28 Feb 2008 06:59:00 +0000

Mistakes

noreply@blogger.com (Aaron Loh) — Mon, 25 Feb 2008 08:39:00 +0000

Here's a great inspiration quote thought you'd like.

"People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within." ~ Elizabeth Kubler Ross

Ready to share another tip with you.

There is no doubt that problems affect us, which is actually normal, due to the fact that we have feelings, but, nevertheless, every single hard moment of our lives should make us even stronger. That is why specialists suggest that you should always analyze and meditate on the worse situation you had to deal with, in the course of your life. Try to learn from your mistakes, because they will help you be prepared for the changes or less pleasant situations to come.

Inflation this year could go past 5%

noreply@blogger.com (Aaron Loh) — Mon, 04 Feb 2008 08:06:00 +0000

Prime Minister Lee Hsien Loong cautioned yesterday that inflation in the first half of the year could be high. Speaking at the Chinese New Year Celebrations at Teck Ghee Community Centre, Mr Lee said: 'Last year, inflation was about 2 per cent. This year, it could be 5%, maybe even more. Especially in the first half (of the year), it is going to be high.' Earlier government estimates last November had put inflation at between 4% and 5% for the whole of the first quarter of 2008.

Touching on next week's Budget, he said that while the government would have something to distribute, especially to the poor and the elderly, there is a need to be realistic. For its part, the government will help lower-income families through the Workfare Income Supplement scheme. To date, Mr Lee said $150 million had been paid out in Workfare to 290,000 low-income workers for the month of January alone.

Comments: While the CPI was relatively benign in 1H07, the picture all changed in 2H07. On the back of a 2%-pt hike in the GST in July, food supply disruptions, higher energy costs and others, the CPI rose by a seasonally-adjusted 1.9% qoq in 3Q07 and 1.8% in 4Q07, vs. 2Q07’s +0.6% qoq. Barring a sharp downturn in the global economy,
domestic price pressures are likely to persist, due to short-term supply constraints. Festive demand is also expected to lift food prices and the CPI towards the 5% level in the coming months. The CPI is expected to fall within 4.5-5.5% yoy in 1H08 (GST spikeinduced), before trending down to 1.5-2.5% in 2H08. For 2008 as a whole, the CPI is
expected to be 4%-4.5%.

If the current moderation in crude oil prices continues into 2H08, the CPI may be lower than 4%. While the government does not cap prices to contain CPI increases, it gives rebates to public home owners. Bigger rebates are likely to be proposed in Budget 2008, given its stronger-than-projected fiscal position.

Consumer Price Index in 2007 rose 2.1 per cent

noreply@blogger.com (Aaron Loh) — Mon, 04 Feb 2008 04:30:00 +0000

Dear Readers, previously in my blog I've shared with you the impact of inflation on our life. Lately, the Singapore Department of Statistics had released a new data on inflation.

Compared with 2006, the CPI in 2007 rose by 2.1 per cent. The increase reflected partly the 2 percentage point hike in the Goods and Service Tax (GST) in July 2007.Food prices up by 2.9 per cent in 2007 due to dearer cooked food, fresh vegetables, milk products and fruits.Higher taxi fares, car prices and dearer petrol contributed to the 2.0 per cent increase in transport and communication prices.Health care cost rose by 4.1 per cent, reflecting higher charges for daily ward and medical treatment, specialist services, general medical consultation, dental treatment as well as dearer Chinese herbs.

Here are some advices:

- Spend moderately on food; Cut down on dining out

- Be more health conscious as medical care is not cheap these days

- If you are car owners, plan your travelling by taking the least route

- Find ways to increase your income

- To beat inflation, ensure adequate savings are invested to generate yield of 5% or more

Opportunities In Commodity

noreply@blogger.com (Aaron Loh) — Thu, 31 Jan 2008 05:25:00 +0000

A trip to Indonesia gave me an insight of the agriculture in Indonesia. Commodity prices have been rising steadily in many parts of the world. I believe many Singaporeans felt the same way. An acquaintance with Dr Ta had led me to this opportunity. I look forward to more of such opportunities in the near future.

At the location... few hectares of land had been ploughed in preparing for the plantation
The vehicle which we relied on to reach our destination

Land had been ploughed twice by tractor

A small pond at the location, where the mountain water was gathered
A coffee bush with berries on it
A view on coffee plantation
This grinding machine is used extract the coffee beans from the berries... it's manually powered by handBerries and beans3rd from left: Dr Ta and Kompani Tarigan (Karo village head and assistant to Dr Ta)Jerok trees can be found abundantly... the fruits are widely known as Mandarin oranges. In Singapore, Mandarin oranges are imported from China and Taiwan.Small coffee bushes (4 months old) waiting to be planted at the siteTogether with Dr Ta's assistants

The Law of Income

noreply@blogger.com (Aaron Loh) — Thu, 17 Jan 2008 04:43:00 +0000

If you're in a job or self-employed and you personally have to perform the service, such as providing plumbing service, there is a definite ceiling on your income. Let's face it, there are only so many tasks a plumber can handle in a day. This is a limitation to your income. Never have a ceiling on your income.

The reason most people are broke or not earning adequately is that they don't deliver a lot of value in the eyes of the current marketplace. The important element here is deliver.
The Law of Income: You will be paid in direct proportion to the value you deliver according to the marketplace.

Many people have good ideas, good intentions, even produce good products or services, but either their value is not considered very valuable in today's marketplace, or they just don't deliver enough of it.

Marketing gurus have written volumes on what constitutes value for clients. They can be summarized into one sentence: The client perceives value when the benefit received is believed to be worth more than the money spent.
If you don't deliver a lot, you don't get paid a lot. So what determines your value in the marketplace?

Here are 4 income factors that determine almost the penny how much you will earn:
Demand + Supply + Quality + Quantity = $$$

Demand for your value means how much the marketplace wants it. You must offer a hot product or service which is in high demand.

The supply of your value reflects how much the marketplace already has of your product or service, how much readily available it is elsewhere.When supply is limited, value increases. In real estate, ocean-front property is rare and extremely limited, therefore it is higher in value than property inland. To up your value in business, you must provide something few others have, or do something in a way that no one else does.

A hot product may not be a good product. The quality of your value means how good your products and services are - and just as important - how good you are at your business. The higher the quality, in relation to the price; the higher the value.Here's a motto in business to follow. Do it well or don't do it at all. Make it great or don't make it at all.

The quantity of your value is how much of your product or service you deliver. This is the greatest challenge most people face. You may have an excellent product or service and you may even deliver it to the marketplace, but not in enough quantity.
If you want to get paid the best, be the best!

Millionaire Mind Intensive - Wealth Conditioning Support Program (07 Jan 2008)

noreply@blogger.com (Aaron Loh) — Tue, 08 Jan 2008 14:53:00 +0000

Serene gave a real testimonial on the result of using visualization... The result? She closed plenty of sales in a day!

Our group is making great progress since the start. The journey is not so lonely when you have a bunch of MMI graduates supporting each other for success. At this stage, besides reviewing what we've learned from MMI, the group is active in discussing and building passive business income and passive investment income. In our next session (14 Jan, 7pm), two members will be sharing case studies on newsletter business and high foreign deposit earning.

How To Stay Passive In Business & Still Earns More

noreply@blogger.com (Aaron Loh) — Mon, 07 Jan 2008 04:07:00 +0000

There's a saying in the corporate world: "Don't make yourself irreplaceable. If you can't be replaced, you can't be promoted."

As an entrepreneur, this is still true in its own way. Let's think of "being promoted" as earning more and working less. You can raise your prices, but until you can remove yourself from being directly involved in doing the work that generates the income, there's always going to be a limit to how much you can earn, and it can only increase very slowly.

Passive income, on the other hand, is income that does not require your direct involvement. Some kinds of passive income you may be familiar with include owning rental property, royalties on an invention or creative work, and network marketing. If you want to earn more, work less, and have a decent retirement, you're going to have to start creating income streams that do not require your direct involvement. Whether you're just starting your business, or you've been running it a while, the sooner you start thinking about how you are going to shift your business model to create more passive income, the sooner you can achieve personal and financial freedom.

Let's look at two basic types of passive income, and a third type of income that, while technically not passive, is a key strategy for earning more and working less.

Residual Income ~ A kind of revenue that occurs over time from work done one time. Some examples include:

>An insurance agent who gets commission every year when a customer renews his policy

>A network marketing or direct sales rep's income from her direct customers when they reorder product every month

>An aerobics instructor who produces a video and sells it at the gyms where she teaches

>A marketing consultant who creates a workbook and sells it in e-book format on the Internet

>A photographer who makes his photos available through a stock photography clearinghouse and gets paid a royalty whenever someone buys one of his images

>A restaurant or retail owner who has grown to the point of hiring a trustworthy manager

As you can see, there are many different ways to generate residual income across a wide variety of businesses. It may be recurring income from the same customers, or the sales of a product to new customers. It may require no personal involvement whatsoever, such as an e-book sold on a web site, or it may require some personal interaction, such as the insurance agent calling the customer to remind them about their renewal and ask them if they want to change any of their coverage. Often, it's something that you can delegate to an assistant.Note that this is different from merely recurring income. Recurring income may still require your involvement to earn the income, e.g., a coach or consultant on a monthly retainer, or a caterer who delivers lunch every Monday to the local school board. While this "active recurring income" offers welcome stability, it also tends to tie you down, and you still have limits on your earning capacity based on your own personal production capacity.

Leveraged income ~ A kind of revenue that leverages the work of other people to create income for you. Some examples of leveraged income include:

>An e-book author selling her e-book through affiliates who promote the product

>A network marketer who builds a downline and receives commissions on the sales made by people in his downline

>A general contractor who makes a profit margin on the work done by sub-contractors

>Franchising your business model to other entrepreneurs (the ultimate leveraged income)

Again, there are many different models in many different businesses. The key is that you are making money off of other people's labor, rather than primarily your own. Note that leveraged income may or may not also be residual income. When you combine them, that's even better.

Active Leveraged Income

This is a term I use to describe income that requires your direct participation, but that you can make more money by having more people involved. This generally involves a one-time event, such as:
>A seminar or class

>A conference or convention

>Concerts and dance recitals

>Raves and other parties

Although these require your direct participation, your earning potential is much higher than if someone were just paying you a direct hourly rate. Fill a room with 1,000 people paying $50 each and you can cover your facility cost, promotional cost, and staffing fees and still have a nice chunk of change left over.

Pain & Pleasure As Motivators

noreply@blogger.com (Aaron Loh) — Sat, 05 Jan 2008 09:12:00 +0000

If you have ever tried to quit money splurging, smoking, drinking or to change some major behavior that you have habitually done for many years, you will know how powerful our habits are. The word habit is spelled as H-A-B-I-T. If you erase the 'H', you will still have abit of the habit. Removing the 'A', will left you bit of the habit. Now you see the picture?

Habit is deeply rooted emotions. When our subconscious mind must choose between deeply rooted emotions and logic, emotions will almost always win. Human habits are a tough nut to crack, but like any tasty nut in a hard shell, it is very rewarding to break through the barrier holding you back.

An effective way to reach inside and create new empowering habits or behaviors is to learn why we do what we do, and how much better it would be if we didn't do it!. We simply do not change long held beliefs or behaviors unless we are somehow shocked by how bad our behavior is or we are motivated to change by seeing the benefits or rewards for our new actions.

To make our own personal changes we have to get very clear about what is negative (pain) about the habit and what benefits (pleasures) we will gain by changing. List as many pain and pleasures as possible.By understanding pain and pleasure as motivators, you can act now to change your bad habits. It's one thing to know what to do, but another to do what you know. There are 2 types of habits: Doing and Not Doing.We have to continually reinforce both the pain (creating intense pain if we DON'T change) and the pleasure (creating intense pleasure if we DO change).

The more ways of emphasizing the good and bad associated with the behavior we want to change, the more likely we will continue with the new positive habit. Pain and pleasure are powerful driving forces when we learn to focus them and use them properly.

Millionaire Mind Intensive - Wealth Conditioning Support Program (03 Jan 2008)

noreply@blogger.com (Aaron Loh) — Thu, 03 Jan 2008 16:19:00 +0000

Kenny facilitating the session... He did a great job! MMI graduates listen attentively Samuel giving his share of idea to reduce our expenses... less expenses means we can put more $ into savings and investmentThe group was actively engaged in this brainstorming session

Michael briefing the group

It was an eventful evening for all the members. Ideas kept flowing in.

Millionaire Mind Intensive - Wealth Conditioning Support Program

noreply@blogger.com (Aaron Loh) — Fri, 28 Dec 2007 04:34:00 +0000

Taking some light refreshments before the session starts

Joseph making his point clear

Despite being in the festive holiday season, a few of us from the Millionaire Mind Intensive seminar still managed to come together for a great revision. Conditioning is essential to ensure that we constantly build positive habits that support our wealth creation. Brainstorming of passive income ideas got everyone excited. In the end, some of us did plan to work on a particular idea which may be a huge success. Looking forward to the next event.