Declaration: "I Produce Excellent Working Income"

You must be wondering what this topic has to do with value investing. It has everything to do with it because it is the basis of everything.

If you dun have a steady income, you will not have the capital to start investing and all these learnings will amount to nothing. As you can't start something, your interest will fade off soon and you will think that value investing is not for you.

Besides it will take a while for your investment to grow and give you the dividends, while you still have a income to maintain your current expenses.

By the way, you are supposed to re-invest the dividend, so that it will give the compounded interest effect and brings you more and more money.

Sounds right?! Then what are you waiting for, start to save and start investing NOW!! It's NOW OR NEVER. Happy INVESTING!!

Assessment of Companies

A good book to read to find out more how to assess a company's management is Philip A. Fisher's "Common Stocks and Uncommon Profits". It gave a very detailed description how to go about doing scatterbug. However it is written in not too easy to read English, so for me, it really takes me a while to digest the information and I'm still struggling to complete the book.

Nonetheless from the first few chapters that I managed to complete, I have gained much insights.

Lucky for you, my coach has produced some short videos to provide you with some glimpse into how we should be assess company. The following is the video for your viewing.

Video Link: http://www.youtube.com/watch?v=xM2EikxybkU&feature=related

Importance of MasterMind Team

This term was first introduced after our MIP course. During the course, we are divided to groups to participate in the game. When the course ended, we told that this would be the group for us to have our MasterMind Meeting with.

I did not really take it seriously and find it a chore initially. Nonetheless, I took my role as leader of the group seriously and faithfully ensure that we have our regular meeting.

Then after reading Napoleon Hill's "Think and Grow Rich", it changed my mind. He stressed the importance of having a MasterMind Meeting, how it will help to grow yourself and the team. By having a team of like-minded people around you, you passed on the good supportive energy when you can share and learn more through each other.

Now I looked forward to my MasterMind Meeting even more and I want to set up other MasterMind Meeting group to learn how to make more money.

What is Financial Freedom??

So what is Financial Freedom?? Does everyone has a good understanding of these words? I doubt many people actually know the real meaning. If they do, their happiness level should be high, just like the people in Bhutan.

So what is Financial Freedom? Is it just being debt free or does it mean you dun have to work hard for it?

NO!!!

Being debt free, just simply mean you have no debt but you still have to work for your daily expenses and basic necessities like food etc, unless you are telling me that you can survive just by breathing in air.

There is also nothing in this world that is gaining something without doing anything. You have to work hard initially, but once you have the proper mechanism running, you dun have to run it everyday and you just sit back to relax.

So what do you have to do to get Financial Freedom??

Create your own passive income streams!! To have your money works hard for you and makes you money even when you are sleeping or doing nothing. There are just so many ways that you can do it. For example, rental from your house, dividends from your stocks holding etc... These are just some examples and there are many many more ways.

The main point is passive income streams does not need you to be working hard for it from 9 to 5. Money just works hard for you, if you know how to do it. When you are financial free, you work because you choose to and not because you have to.

Experience in Millionaire Investor Program

The experience in the program that I have attended - The Millionaire Investor Program (in short "MIP") is the most rewarding and it's worth every cents paid to attend this program.

During the whole 3 days program, we learnt more about ourselves via game, why we invest the way we are and how we are being affected by the market. The fact that there are real prize money (pooled from participants' money)involved makes the game all the more realistic. The realisation has a great effect on how I view the market movements and how I do my investment.

Then there are practical example of how to do the analysis of the company, as we look at real-life example of companies, template to key in numbers to calculate ratios and what each ratios meant.

Even though people may say that information given can be searched online, but through the game, observation of people and in retrospect how I have reacted, points out areas that I should take note when I'm doing my investment. To me, this realisation is prizeless and worth every cents paid.

Another benefits from MIP is that I get to know people who shared the same goal, willing to share and committed to the MasterMind Meeting to carry on the passion of value investing. MIP is just the beginning of a long journey to the learning of value investing.

Through this program, I regained the confidence that I too can achieve my financial freedom and I believe so strongly to this that I'm making sure this is the very first education that my kids will receive from me.

The Beginning of My Journey to Value Investing

For many years, I have always wanted to learn how to analyse a company to invest in their stock. I have read many books about Warren Buffett and his value investing, but they never shown me what is their analysing techniques. Although there are so many programs out there that seem to teach you those techniques but I'm never quite sure if they really works and the stakes are high as their course fees can be quite high.

Then by chance I came across a secondary school mate in facebook and I quickly learnt that he has been pretty successful using value investing for his portfolio. As if in the intervention by the universe, I also learnt that he is conducting course for value investing with his business partner, who is also my facebook friend.

Immediately I decided to go for the preview and right at the preview, I decided that this was the course that I would take and the rest were history.

After the 3 days course, I never felt so good and I even felt a sense of relief for I have make the right choice to take up this course and for the fact that I know the direction to which I shall move ahead with my newly acquired investment skills.

As days move by, things just get better and better. It makes marvel at the way how the universe works to bring the things you want in life. If you are clear with what you want and ask for it, the universe will works its way to bring that to you. I'm truly grateful for all that I have now and I look forward to the many more great things to come.