Tuesday, November 11, 2008

wealth during recession

Ok people, today as i was chatting with my fren, this topic came up "Wealth Coaching".



What is Wealth Coaching ?



First of all, we must know what is Wealth. Wealth is often described as
a great quantity or store of money, valuable possessions, property, or other riches.




From here we know that, apart from cash. We got to possess other form of riches that are of great values. This, we can refer to properties, stocks, businesses, jewelleries or even collectible art pieces and luxury watches.



When all of these adds up to your personal savings, its your wealth.



Most of the time when we were being taught back in school is to know the way of getting a salaried job.



I am still one of these blue collar worker right up till today. But this is going to change.



Over the last few months, as the world economies fallen into darkest ages. The same arena was being played in my mind over my personal life, my personal wealth.



No doubt, over the last few years, I got married, have a baby, bought an apartment. Things were going great on my personal lifestyle. I cannot be more than happy.



Still, deep down within, i am not satisfied in my current career. Working 8hours a day for the wrong people in the wrong job that i am so good at. I was certainly not happy. But this is the same job that has provided me with a stable income over the last 1.5yrs. Earlier this month, things changed. My salary was delayed for 3days.



You may be wondering, what can this 3 days made an impact to my life ? To be honest, nothing changed to my lifestyle or my family living. But it affected my mind. Suddenly, i seemed to have matured overnight. Many questions went through my mind.



WHAT IF I DIDNT RECEIVE MY STABLE MONTHLY SALARY ?



That must not happen. I have a wife, a baby, and a house full of instalments to feed and pay.

Not to add on the already deepen pocket, i still got many credit cards with zero interests payments to be made and personal loans to be service.



NO NO NO...it must not happen.



I had never once defaulted my monthly payment. Not a single time. My salary is enough for us to pay all of these. And we still can manage to keep a tiny meagre sum as savings.



So, whats the problem ?



SECURITY !!! Thats the problem. I never felt as insecure ever. Throughout my 8yrs of working career, this is the 2nd recession.



I was living in denial telling myself it wont affect me. I am not that unlucky. It has not reach Singapore yet. Wrong. Just today. My best friend working in my company was sacked with immediate effect. and i suspect this is not the end, its likely to me the first round.



Looking back, I know our educational system has fail to teach us the way to wealth accumulation. I am also too stupid to stop learning. I had not pick up new skills outside my industry for many years.

LIVING COMFORT - yes, again and again if you had read through many books,
you must have understand what is LIVING COMFORT.

It is the comfortability of our current lifestyle that is holding us back from making these dreams come true. We wanted security, comfort and riches last.

IS IT RIGHT ?

no, thats not the sequence we are dreaming of. So, what is the seqeunce ?

RICHES , COMFORT , SECURITY !

now that we are using our brains to start thinking and analysing in long term benefits.
This is the sequence we want. THIS is the seqeunce towards FINANCIAL FREEDOM.

HOW CAN WE CHANGE OUR SEQEUNCE ???

I decided. This is the part that is going to change my life.

This is the part that is going to CHANGE YOUR LIFE !

the start of my WEALTH ACCUMULATING !

all my readers, if you are keen to know more about my method or exchange your ideas and thoughts.
please feel free to email me seasweth@gmail.com

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