What is your net worth ?

I am at the airport now waiting for my flight to Singapore.

Last night, I did a presentation in Malaysia to 150 people on acquiring businesses and property with no money down. It is an interesting topic that attracted a wide audience. There are those that come and learn and also skeptics who think it is a myth. I shared with them my experiences on how I have acquired businesses and properties with no money or little money. Most of the ideas that I shared are not what ordinary people do. Successful people don't do ordinary things too.

At the end of the talk, I also encouraged them to attend the Financial Mastery seminar on this coming 12-13 May. This seminar is based on the teachings of Robert Kiyosaki.

At the end of the presentation, 25 people rushed to sign up for the seminar. During the question and answer time, one participant asked me what my net worth is. This is the first time someone has asked me this question. It is a very interesting question. Most people do not know how much they are worth. They do not take time to do an audit of themselves. There is also another group of people who are too afraid to know their net worth because they do not want to know the truth. The truth will hurt. They are the escapists. These two groups normally do not plan their finances and their lives. If you do not plan, you will very likely not go anywhere.

Your worth is not necessarily measured in the area of money. To the people who love you, you are priceless. To God, your parents, your children, your friends, you are priceless.
You are not necessarily measured by how much money you have made but how you have contributed to people’s lives. For example, if you provide financial help to a child from a poor family to help him finish his education, he will never forget your kindness.

No one really cares if you have millions for just yourself. If you give to the world your time and money, your net worth will be measured by your legacy.

For the next few months, I will be working on listing one of my businesses. I will be sharing with you the progress. It is hard work but very interesting.

You are invited to comment on my blogs.

Thank you, Richard

powerpoint for "no Money Down"

Hello everyone, here is the powerpoint for my "buying properties and business with no money down" go to www.srpl.net and click on the Financial Mastery picture as shown on the next space.

All the best.

Richard

How can an ordinary person made a million in one day ....

I made a million in one day. In fact in 2004, I did that 3 times. Recently was another example.

Last week we did a Internet marketing program in Singapore. In the program, Stephen Pierce asked me how much should he price his backend product? He wanted to sell his product at US $10,000. There were 3 different suggestions from the team. June, our database manager from Malaysia, suggested we price it in Malaysia Ringget at RM 10,000 - equivalent to S $4,300 or US $2,687. One Singapore staff suggested we should price it in Singapore dollars at S $10,000 equivalent to RM 23,000 or US $6250.

I spoke to Stephen Pierce. His offer was very very compelling. I am confident that he can sell it higher. So I voted to price his product at US $10,000 or equivalent to RM 40,000 or S $16,500.

In the end, Stephen sold 50 products at US$10,000 each and grossed US$500,000 or equivalent to RM 2,000,000 or S$825,000 in just 1 hour.

If we had priced it at June's suggestion of RM 10,000 (US$2,687), we would have sold only RM 500,000 and make less money by an amount of RM 1,500,000. (US$400,000) This is more than what 85% of Malaysians would make in their whole working life.

Is Stephen Pierce just lucky that he made an extra RM1,500,000 or US$400,000 without spending a single cent or effort more? NO, I don't believe luck has anything to do with it.

I believe that he can make a million a day because of his belief in himself and his self-esteem. Its funny how self-esteem works. If you have high self-esteem and believe in yourself, you get paid more. How much money you have in your bank account can be a reflection of your self-esteem too. It may not be too scientific but I think it is pretty accurate.

You realise that it does not take more effort to make more money than little money. In this case, just by believing in yourself you make more money.

You deserve to be successful. Have confidence in yourself. You can do it.

Intellectual Property - almost stolen but all is well now

It was 9.15pm and I was in the Hyatt Hotel about 30 min, when Andy (my project leader for Clemen’s option trading) called me. He said Dr Clemen had stopped his seminar abruptly.

The reason was that there were 2 “competitors” in the room. These people also teach option trading and charge at very small fee. He did not want to carry on because he did not want them to “steal” his materials.

I knew Dr Clemen Chiang several years ago when he attended the Anthony Robbins seminar which was organised by Success Resources. He then went on to develop his interest in option trading and he became the leading authority in share and option trading in this part of the world, and regularly featured in newspaper, TV, radio and leading magazines. His passion went on to earn him a doctorate degree in financial strategy.

Last year he organized the world's first option trading championship and it was supported by the Chicago Exchange, New York exchange etc. What impresses me about Clemen is his drive, enthusiasm, energy and his passion. When you see him speak on the stage, you will feel the energy electrify the room. He is very disciplined and focused which is the key success factor for all financial traders.

"Stealing" of Intellectual Property is very common in Indonesia and China. It is also common in other developed countries as well whereby someone goes to attend a seminar by a world class speaker and then goes back to start teaching the material without acknowledgment or permission. They charge a much discounted fee and teach diluted content usually missing the key essence. What the world class speakers took years to develop was stolen and sold cheap. Many of the public will be cheated.

The current situation affected Clemen so much that he was emotionally not able to give his best. That is why he dismissed the class 2 hours early. He felt that he has the inclination to withhold his knowledge from the real participants with these “stealers” in the room. I could understand how he felt. I called the two “competitors” aside and requested that they take their money back and not turn up any more. There was no drama. One of them in fact is willing to sign a non disclosure and undertaking letter. The other is begging me to let him in the class too. They were really nice but I declined.

Clemen was happy. I am sure he will give his best tomorrow. My day ended at 1 am in the morning. I got to get up early the next day for a conference call with Jay Abraham.

Oh, before I go to bed, let me check the SkyQuestCom sales report from the PreEnroller system.

Wow .. a 300% increase in sales. Fantastic. Awesome .. You should check out the SkyQuestCom Product and the Preenroller. Now I go ZzzzZzzzz.

http://www.SkyQuestCom.com
http://www.PreEnroller.com