Tuesday, 28 June 2011

Top 5 Tips to Build Wealth and Success

taken from Yahoo Finance...

Warren Buffett is worth $45 billion. That wealth isn't only a factor of savvy investing and good business — the "Oracle of Omaha" is also known as a penny pincher. Buffett still lives in the same Omaha, Neb., home he bought in 1958 for $31,500.

Follow his frugal formula, and you too may wind up with a lot more money than you ever dreamed.

This week Financially Fit covers five tips to build wealth and success.

1. Live Below Your Means.
Being wealthy isn't just a product of your salary or investment prowess; it's learning how to save.

"We can make a lot of money, you can make a little bit of money, but the second you spend all the money is when people get into trouble. Saving is the key to preserving your wealth," says Ed Butowsky, managing partner of Chapwood Capital Investment Management, a firm that manages money for wealthy individuals.

As many Americans realized during the booming real estate market, just because you think you can afford something doesn't mean you should buy it. Keeping an eye on your bottom line will pay dividends over the long term.

*msk tabung sehari singgit pon menyimpan gak kan...*

2. Bounce Back From Defeat
With nearly 15 million workers unemployed right now in the U.S., it's easy to get discouraged. Don't! Most successful and wealthy people have overcome obstacles and failure along the way. Steve Jobs was ousted from Apple when he was 30. Today, he's a billionaire and a legend. Plus, after getting fired, he created another billion-dollar media company, Pixar.

"Bouncing back from defeat is something all great achievers have. They have this undying belief good things will happen and will continue to happen," says Butowsky.

Take Michael Jordan. "His airness" was cut from his high school basketball team. Motivated by the rejection, Jordan became a star the next season. The rest is history.

*usaha tangga kejayaan....jgn putus asa!!*

3. Self-Promote
Regardless of the profession, the rich and successful tend to have a strong sense of self-worth — key to skillfully navigating an upward career path. Mark Hurd, who was ousted as CEO of Hewlett-Packard in August, couldn't be kept down for long. Using his business skills and connections, in September, Hurd was named president of Oracle. (Hurd and Oracle founder Larry Ellison are known to be close friends.)

*skill to sell urself.....ni kena blaja lg...blom fully acquired..*

4. Have Street Smarts
Bernie Madoff lived the high life for decades, scamming unsuspecting clients, with a money-making formula that proved too good to be true. Only afterward did we learn that with a little due diligence, most clients could have easily uncovered the fraud.

But it's not only the swindlers and the con men you have to watch out for. Many times, friends and family take advantage of the rich. Whether it's a handout or an investment idea, Butowsky advises his high net worth clients that in most cases, it's wisest to just say "no." The best way to do that: have someone else do it for you.

"You need to really set up a wall between you and your family," he advises. "If you don't want to give them (family or friends) money ... saying no is probably a good idea."

*need to becareful guys!!*

5. Buy Cheap
The rich can afford to splurge, but that doesn't mean they do.

John Paulson, a billionaire hedge fund manager, bought his Hamptons "dream house at a bargain basement price," according to Greg Zuckerman, author of the Paulson-based book, "The Greatest Trade Ever." The story has it that Paulson eyed the home while it was in foreclosure. Finally, on a rain-soaked day, he purchased the home on the Southampton town hall steps. He was the only bidder.

On New York City's Upper East Side, Michael's— The Consignment Shop for Women— has been a bargain-hunting destination for more than 60 years. "We have a good percentage of women who can afford to shop on Madison Avenue but really like the idea of saving that money," says proprietor Tammy Gates.

From Chanel to Gucci and Louis Vuitton, the store specializes in high-end designer merchandise for a reasonable price. Speaking of her clientele, Gates says, "they're wealthy for a reason. They recognize that bargains keep people wealthy. Paying top dollar when you don't have to doesn't make sense."

*dis one, mo man tai....yeah, i admit...im a cheapskate...*__* *

Tuesday, 7 June 2011

Feeling like a teenager....

Beloved hubby downloaded a Korean series for me....Marry me Mary/Mary stayed out all night.... i didnt asked him to...juz dat i prepared a list of the korean series dat i would like to watch in my leisure time....n put in on his desktop.....a good way of hinting i suppose =P...tenkiu very much my honey bunnie.....


Dis drama is exactly wat i would be daydreaming of ten years ago when i was a teenager....revolving a secret,forced marriage, but to a handsome lad...initially he's a jerk...but as u go on, he's not bad after all....so at first u hate him, then later on u'll fall in love with him....the thrill is of coz at the secrecy part where u need to becareful dat no one knows ur married, esp to dis guy...for watever reason there is....hihihi, guess i watched too much drama or read too many malay romance novels =P....

Anyhow, dis drama has a similar storyline.....but the extra bonus is the male lead is soooooooooo kawaiiiii....yeah, too much like a lady....i can imagine hubby shaking his head in disbelief....too jambuu for him =P...but its a drama, u need to feast ur eyes right....n the supporting male lead is good looking as well...hence, for the first time ever, i hv the problem of choosing who do i support...Who would u choose?

Mu-Gyul (Jang Geun-Suk) is the lead vocalist and guitarist for a rock band. He is chic and lives a carefree bohemian lifestyle. He doesn't talk much and only wants to make music. Mu-Gyul doesn't care about success. He also suffers trauma with his mother and, because of this, becomes tired of the women he dates and leaves them. Mu-Gyul is a bad guy to women. When it appears Mu-Gyul will never get married a once-in-a-lifetime opportunity comes about. He meets Mary, money becomes involved and a 100 days of marriage ensues. During this time, Mu-Gyul not knowing the meaning of family, surprisingly falls in love with Mary who is combative, loyal, and spunky. Mu-Gyul finds himself becoming a rival of Jung-In for Mary's love.

Jung-In (Kim Jae-Wook) is the president of music company JI Entertainment producing a music drama. Jung-In was born into a wealthy family and has never lacked money. Jung-In is also good looking and has good manners. Because of this, Jung-In appears to be highly eligible bachelor for marriage. But, Jung-In also has a cold side - he doesn't like becoming too close to people. His weakest point is that he can never say no to his father. He enters into a 100 day fake marriage with Mary and soon falls in love with Mary. Jung-In also comes across Mu-Gyul who will help fulfill Jung-In's dream in the music world. Mu-Gyul will also become a rival for Jung-In over Marry.

I want both of them....huwaaaaarrrgghhhh........

P/s : dis is my way of letting some steam off...after a hard day at work n having to keep up wit lil girl....juz like the university days....syiok, syiok!!

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