Control

Arguably the most impt word in Kiyosaki's, and any financial, books is CONTROL. Well...control over what? Mostly over the autonomy and decision-making over an entity/investment.

Today this concept struck me twice. Firstly by an insurance agent who tried to get me to invest in some international forex unit trust - which mainly trades in bonds and gain based on interest differentials between countries. End of the day, I simply can't know what those guys called fund managers will do with my money...so I doubt I'll go into that even if I have the cash.

Quite happy today. Cos I was doing some calculations and projections of my income and account balances by the time I enter uni...which is about 3 mths away. And I found that having a job allows me some control over how much stays in my bank account and the ability to look at and involve myself in investments proper. The question is...how do I switch from earning 1.5k now to just 700+ depending on tuition fees during my uni days?

I've decided that I need to change my income distribution strategy. And so effective April 1, my tuition income will no longer be a 50% investment fund, 30% expenditure acc, 20% UNIs; but a 60% investment fund, 30% expenditure acc, 10% charity pool. This is to incorporate my recent thought of giving back into my actual money management. Projected amount which I'll be able to give to those who need it more would be around 500 per annum. Sure hope it can increase in future.

Today Firman doesn't seem so comfortable with the nice concepts of retiring young and rich. Think he must have grown desperate so he is looking for some job security and cash from jobs now. Honestly I can't fully understand his viewpoint. But I'm sure I'll do the same. We'll work it thru somehow, and I feel it is already time we start doing what we've been talking and experimenting about. I suppose we'll learn the real stuff if we start trading and investing "live."

Hope everyone is learning, earning and having fun!