Part 1: If I Can Turn The Clock Backward !!!
Harry
members who wish and badly wanted to be a millionaire.
Just imagine I can turn the clock back to the day that I just
graduated from my College/University.
I clearly remembered I was offered a Job as a Trainee at Petroleum
Nasional. I was given a salary of 700 a month. It was so wonderful
to be offered a job before I even finish my last examination paper.
It was a very proud moment to me and my family. A young executive in
the Nasional Oil Company.
All these memories should have been much better if I should have the
Millionaire Dream embedded in me or my system.
I was a happy go lucky type. I was in love and what in my mind was my
love to this pretty lady that I first sighted at a Beach in Pantai
Merdeka. I forgot that love is not the only thing in life. Money is
the one that I should also be in love with.
To be frank, I should have put money first then the next is she ??
What I am trying to say is that I should laid my financial planning
first why waiting for her to be at my side.
I am not compaining but I should be better off if I took the trouble
to plan my financial destiny.
Yes like I want to be a Millionaire when I am 30 years old. But I did
not. Yes of course I am when I was 40 !!!
The thing to learn here is immediately after U start your first job
prepare a plan to be a Millionaire.
1) Go to a book store and buy some books that describe to U how to be
a millionaire. Read them and mark the pages that are usefull for your
planning. Finish reading them and select the good one as your
reference (like a money/millionaire dictionary). Make sure U do not
loose them and make it part of your life.
2) Buy a good workbook and start doing your planning. This is
something like doing a thesis in your college but this time on how I
want to be a millionaire but 30 years old. If U have a computer at
home or your office, spend some free time to create this working paper
and safe them in a private section. U print them and if needed modify
them from time to time.
3) Look around for a Mentor. The simplest is to look around for a
friend in your office or neighbours who is successful and befriend
him. What is important is to learn from him how he make the extra
money to fill his piggy bank (saving). Get his advise on a regular
basis and ask his help to give the lead on how to be a millionaire
using his version. U may have more then one mentor. If U do just
compare their methods of making the money and copy the one that U
think can benefit U.
4) U need to monitor your income again expenses every month. U cannot
spend more then U earn. There is no need to your coffee at starbuck
but mamak shop is okay.
5) U need to set a strick rule on saving. Remember U must save at
least 10 - 20% of your monthly income into a saving system that gives
you the highest interest. Good example is to open an account at PNB
or Bank Simpanan Nasional or Bank Rakyat. U must vow not to touch
this saving unless U wanted to used it for an investment to pay for
the downpayment of your first new house.
6) U must open a folder to keep all your personal data, contract with
your employer, salary slip, salary adjustments, letter of commondation
and so forth in a folder that U can easily duplicate for any future
use.
7) U must open a bank account at a bank that your Mentors is operating
his account. Get him to introduce you to the Bank Manager and not the
executive. Get to know him personally and jot down anything important
about him. Copy them into your diary. Remember he might be the one
who will help in making U a millionaire.
8) Once U are being introduced to him U have a opportunity to
befriend him or perhap look up at him as one of your new mentor. Meet
him once a while and make him like U as if U are his brother. Go out
with him if there is an opportunity. Make him like U and tell him
about your self and your desire to own your own house . (Do not tell
him that U wanted to be a millionaire yet). Ask him how to take a
bank loan to buy your first house. Get the forms and particulars
ready before you reach your six month term with your Company.
9) Go back to meet your employer or the Human Resource Manager and ask
him/her for a letter to confirm that U are employed by the Company and
your salary. Tell Him/her it is for U to buy a house. Get this letter
ready on the 5 months of your new job.
10) In the meantime U need to start looking around for yoru first
house. It should not be too far and within 30 minutes away by train
or bus is good enought. The price must be within your loan
elligability and can be easily approved by the Banker's Mentor. If U
are smart enought look at any houses for Auction during that period
and get your friend to join U to view the unit.
11) Once everything is in place, go for it. Get your first house in
place on the 6th month of your job. Yes you have begun to be a
millionaire y friend. U are great and better then any body else in
your office or you kampung. U have your own house which will multiply
it worth every year.
12) Now U have a house. So what is next? Simple just think carefully
hove to buy one more within the next six month !!! Try me and
challange yourself that U can do it ....
Will continue in Part 2.........