Money Smart

I caught up with an old friend today .... and she told me that her parents have just gone bankrupt. The bank has repossessed her parents' houses, company and cars ... just because they could not meet the repayments , due to mismanagement of money. Today also ... Kanye West, there were articles written on him which mentioned that he has a lot of debt. He might be serious .. but he might not be serious ... How does it relate to my way of saving money exactly? I wear plain, inexpensive and non fashionable clothes and accessories. People definitely look down on me, at times and most especially when I stand next to other people with better clothes, bags and shoes. But ... Warren Buffet always said, "Only when the tide goes out do you discover who's been swimming naked ." That and my goal ... made me stick to my goal - to save as much money as possible. It did not mean that I don't face any challenges It did not mean th...

Visualization is a very powerful tool that enables you to attain your goal. What you focus on, you attract. Many very successful people practised visualization. A very popular example is Jim Carrey. Jim Carrey in his Oprah Winfrey’s interview (The Oprah Winfrey, 17 February 1997) was presented by Oprah as one of “one of our greatest teachers”. In the interview, Jim Carrey told Oprah Winfrey that before he was successful, he used to visualize having directors interested (work interest) in him, he visualized that people that he respects like his works, he visualized that things (good things) work for him. He also wrote a cheque for himself for $10 million for acting services rendered, which he dated for Thanksgiving 1995. He carried the cheque everyday in his wallet. And according to him, just before the date on the cheque he wrote, he got the $10 million. At the end of the show, Oprah said, “Visualization works if you works hard.”  You must work towar...

Travel during off peak period . That means, travel outside of public holiday periods or school holiday periods. Scour groupon or scoupon for bargain deals. During off-peak periods, there will be a lot of good deals for travelling (accommodation, flight or package of accommodation and flights). Use budget airlines. Some flying tricks : To save accommodation money arrive at the hotel before check in time (around 5 - 6 am) , explore the city a little, with luggage “checked in” at the concierge (5 star hotels normally accept this) & check in at check in time (normally between 10 am to 2 pm). In comparison, if you arrive at 10pm at night, you pay for a hotel for 1 whole day but you only utilize the hotel for a few hours and just for sleeping. Sleep during the flight and be right awake on the city . Don’t waste money and time sleeping in your city of destination (unless that’s what you want). Bring meals from home , if no meals are not provided by the airlines. ...