First of all, I aren't allowed to work tomorrow(well, later today really)! My management is concerned about paying people twice their normal wage rate. Instead, they wouldn't mind if I did more OT during normal days at 1.5times earnings. In fact, I wouldn't mind doing hours tomorrow and have them counted at 1.5times...the important thing is I would rather not give up my income just because it is a holiday. Sigh...that's the downside of being "temp." In any case, I'll be going back on Saturday for maybe 8 hours of OT, to clear alot of the backlog I face in my department.
Finally got to play the e-game version of Cashflow 101 designed by Kiyosaki. Brought a laptop to work today and played the game when it was breaktime. Haha...and I got my colleague Hui Xian involved. And her friend who works in the same office asked for a copy of the game! Wonder if it's too boring for them though...honestly, does financial stuff bore people? Or am I limiting my mind by thinking that way?
No answer to that qsn now...but at least I kickstarted the process of making the econs board game. My gf was really encouraging and told me that I should test run it in junior colleges in the different 3 tiers and refine the game. Then...here's the good part...sell it to MOE! (Oh, that stands for Ministry of Education)
Haha...anyway...I've gotta get the game (well-)designed first. See ya guys, have fun over the Good Friday holidays!
Thursday, 5 April 2007
Tuesday, 3 April 2007
Disappointments...
Just slight ones though. Yesterday I skipped lunch to loan the Rich Dad's Cashflow 101 and 202 financial game CDs from Firman. And I thought I could play them at home on my family's laptop. Haha...and guess what? The laptop wasn't there!
Well, it is now apparent my father does need a laptop. And I suppose it be beneficial to be able to do work on the go instead of only completing computer-based work at home on our slow PC.
Which means I do have to fork out some 2k to buy my new laptop. Woah...that's more than 60% of my projected Uni Savings account.
In any case, I should hunt for more income streams then, so that I can sustain myself during my studies.
Oh...and so I am now delayed by another day in creating my economic board game. But I'm pretty sure I'll get to play the game tonight and start learning how to be rich! Haha...yeah!
I'll post a review of the game when I've played it...5times or more. In fact, on the recommendations of Kiyosaki, I intend to play the game for 10 times and teach the game to 3 other people. Achievable? you bet!
Ohya, one other interesting conversation that I had yesterday was with Micheal. He owns a customised-fishtank-building biz that has a shopfront in Park Mall, level B1. The essence of it, I guess, is to read between the lines for Business Times, because journalists can't legally write stuff which could be viewed as "inflammatory". And so my new phase of newspaper reading begins...
Well, it is now apparent my father does need a laptop. And I suppose it be beneficial to be able to do work on the go instead of only completing computer-based work at home on our slow PC.
Which means I do have to fork out some 2k to buy my new laptop. Woah...that's more than 60% of my projected Uni Savings account.
In any case, I should hunt for more income streams then, so that I can sustain myself during my studies.
Oh...and so I am now delayed by another day in creating my economic board game. But I'm pretty sure I'll get to play the game tonight and start learning how to be rich! Haha...yeah!
I'll post a review of the game when I've played it...5times or more. In fact, on the recommendations of Kiyosaki, I intend to play the game for 10 times and teach the game to 3 other people. Achievable? you bet!
Ohya, one other interesting conversation that I had yesterday was with Micheal. He owns a customised-fishtank-building biz that has a shopfront in Park Mall, level B1. The essence of it, I guess, is to read between the lines for Business Times, because journalists can't legally write stuff which could be viewed as "inflammatory". And so my new phase of newspaper reading begins...
Monday, 2 April 2007
A winning trade
Amidst all my losing predictions that the G/U would come down sooner or later, since it is just a couple hundred pips away from the strong resistance level of 2.0000, I finally did something right!
Not that mistakes are bad, but as a swing trade, I still am waiting for the chance to short G/U again. In any case, one learns most from mistakes, not the successes.
This success, however, is when I longed G/U because it broke out of the consolidation range of 1.9552 to 1.9685. The daily charts also showed a upward trend since couple of weeks back. So I figured if it breaks out of its consolidation, I would long it, and I did.
The long position was opened at 6.30am on 02/04 and I closed it at 10.30pm on the same day. Pips gained was 103.
Upon reflection, having seen it is an upward trend, I would not have place an order to short should the support for consolidation range @ 1.9685 was breached. But would say the same thing when similar circumstances present themself in future?
Not that mistakes are bad, but as a swing trade, I still am waiting for the chance to short G/U again. In any case, one learns most from mistakes, not the successes.
This success, however, is when I longed G/U because it broke out of the consolidation range of 1.9552 to 1.9685. The daily charts also showed a upward trend since couple of weeks back. So I figured if it breaks out of its consolidation, I would long it, and I did.
The long position was opened at 6.30am on 02/04 and I closed it at 10.30pm on the same day. Pips gained was 103.
Upon reflection, having seen it is an upward trend, I would not have place an order to short should the support for consolidation range @ 1.9685 was breached. But would say the same thing when similar circumstances present themself in future?
Sunday, 1 April 2007
Developments
I tried getting some sort of inspiration or direction to get my board game design started today. But I made no progress. Firstly, the library near my house has not a single book on how to create a board game. Can't blame the library for that, since I don't think anyone commonly thinks of many board games.
And so I retreated to a quiet corner in the building where the lib is located - Woodlands Civics Centre - and tried to figure out how should the game start. And I simply was bogged down with the many details I had to handle.
Was waiting for my gf then...to finish teaching piano...and she advised me to start the designing from how the game is played. Not right at the start. That kinda makes sense...since if I know how I want the game to progress...I'll know what I need players to have right at the start.
Some other sort of progress was reached with my gf...who today confirmed with me that she wanted to invest in the forex fund I am in. Well...but still I'm the "manager" here...bringing and handling all th cash...Hopefully I can get my gf to read "Rich Woman" and inspire her to greater financial awakening.
And so I retreated to a quiet corner in the building where the lib is located - Woodlands Civics Centre - and tried to figure out how should the game start. And I simply was bogged down with the many details I had to handle.
Was waiting for my gf then...to finish teaching piano...and she advised me to start the designing from how the game is played. Not right at the start. That kinda makes sense...since if I know how I want the game to progress...I'll know what I need players to have right at the start.
Some other sort of progress was reached with my gf...who today confirmed with me that she wanted to invest in the forex fund I am in. Well...but still I'm the "manager" here...bringing and handling all th cash...Hopefully I can get my gf to read "Rich Woman" and inspire her to greater financial awakening.
Thursday, 29 March 2007
Creativity
At this point in time I am beginning to wonder how did Kiyosaki develop his board game...
Did he work from scratch based on the experience he had playing monopoly and his key financial strategies & understanding? From scratch? How? Well, that's a good question to ask, since questions can lead to answers, of course not without a search. I do believe it's possible...or might there be alternatives on the market. Let me run a quick search.
That wasn't quite quick. I took at least 15 mins reading up on The Game of Life and its background. Didn't exactly find what I intend to design which is geared towards education and the academic understanding and application of economic principles.
Gotta start work for today. Probably will think about the general layout and framework of the game later during my breaks.
I can't help but wonder if anyone who test-play the game if I asked them to.
Did he work from scratch based on the experience he had playing monopoly and his key financial strategies & understanding? From scratch? How? Well, that's a good question to ask, since questions can lead to answers, of course not without a search. I do believe it's possible...or might there be alternatives on the market. Let me run a quick search.
That wasn't quite quick. I took at least 15 mins reading up on The Game of Life and its background. Didn't exactly find what I intend to design which is geared towards education and the academic understanding and application of economic principles.
Gotta start work for today. Probably will think about the general layout and framework of the game later during my breaks.
I can't help but wonder if anyone who test-play the game if I asked them to.
Wednesday, 28 March 2007
The joy of sharing
Haha...sounds like Christmas came later by 3 months...instead of sharing in December, I actually did it last night!
One was with my colleague. We talked abit of our financial futures and how his interest in managing his own portfolio and getting his freedom after reading RDPD. And he said something which I think is very reflective of the book: No, it's not "I can't get enough" but "It's not enough" in terms of how to go about doing things after getting all raved up and excited about seeing a "rich man's world." And so I showed him a book I borrowed from Shirin - Rich Woman - by Kim, Kiyosaki's wife. There's one particular chapter I like which is about finally turning ideas and words and excitement into purpose and plan. Well, I've done some "quiet time" on that yesterday and determined I need a monthly cashflow of Singapore Dollars 5500 after I grad from university.
But for now my vehicle is forex for capital gains. I haven't envisioned myself doing cashflow investments...but I guess I'll have to get there cos that is true freedom. Even trading is considered sort of active income since you have to actively trade ya know!
Haha...and well...the second incident is meeting Lionel, my understudy in camp, online. Told him about my idea of building a game around economics concept, and he said he would buy it from me if it is good! Imagine that! I've my first potential customer without even asking! Haha...anyway...my purpose is to make learning economics principles easy and fun...not to sell...
Well...we continued to talk and Lionel mentioned that he hardly can understand what the financial books and terms are about. And I think we came to a rough conclusion that we have to meet...and so I told him that I'm free Monday and Friday evenings and Saturday and Sunday mornings. He suggested Saturday morning...and I realised I might have OT on my job...so...I suggested 6.30am. I was thinking...most people will say it's crazy to meet so early...and so it's kinda a test to see if he is really interested and motivated.
I'm darn glad my dear bro passed the "test" and proved his determination. Haha, congrats Lionel(if you are reading this)! Just realised I'm not familiar with equities at all, so I better send him a msg to caution him.
And so, everyone, continue having fun learning!
One was with my colleague. We talked abit of our financial futures and how his interest in managing his own portfolio and getting his freedom after reading RDPD. And he said something which I think is very reflective of the book: No, it's not "I can't get enough" but "It's not enough" in terms of how to go about doing things after getting all raved up and excited about seeing a "rich man's world." And so I showed him a book I borrowed from Shirin - Rich Woman - by Kim, Kiyosaki's wife. There's one particular chapter I like which is about finally turning ideas and words and excitement into purpose and plan. Well, I've done some "quiet time" on that yesterday and determined I need a monthly cashflow of Singapore Dollars 5500 after I grad from university.
But for now my vehicle is forex for capital gains. I haven't envisioned myself doing cashflow investments...but I guess I'll have to get there cos that is true freedom. Even trading is considered sort of active income since you have to actively trade ya know!
Haha...and well...the second incident is meeting Lionel, my understudy in camp, online. Told him about my idea of building a game around economics concept, and he said he would buy it from me if it is good! Imagine that! I've my first potential customer without even asking! Haha...anyway...my purpose is to make learning economics principles easy and fun...not to sell...
Well...we continued to talk and Lionel mentioned that he hardly can understand what the financial books and terms are about. And I think we came to a rough conclusion that we have to meet...and so I told him that I'm free Monday and Friday evenings and Saturday and Sunday mornings. He suggested Saturday morning...and I realised I might have OT on my job...so...I suggested 6.30am. I was thinking...most people will say it's crazy to meet so early...and so it's kinda a test to see if he is really interested and motivated.
I'm darn glad my dear bro passed the "test" and proved his determination. Haha, congrats Lionel(if you are reading this)! Just realised I'm not familiar with equities at all, so I better send him a msg to caution him.
And so, everyone, continue having fun learning!
Tuesday, 27 March 2007
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!
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!
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