Sunday, went to Fattasha's sis Wedding with my 1st & 2nd sis.
Congrats Kak Ayu and her life partner!
May your marriage be a wonderful blessed!
=)
Then went home.
Haiz, my weekends are so bored w/o Irwan.
Irwan can sometimes make my life difficult yet easy.
Because whenever I'm bored, he's try his best to be there.
Now, he's not there.
Busy mah.. asyik off handphone je, sebab nak save batt.
So it's no used for me to sms him anyway.
Next weekends, the same thing.
He will only come back on the night before Hari Raya Haji.
Awww..so sad.
I spend my Saturday full of boredom.
I killed the time staring at the tv screen instead of the programs,
and of course,
surf the internet for nothing.
I wonder how Abang & Putri stayed in the house
for 24 hours, everyday w/o getting insane.
Eh, wait they get insane sometimes..running around the house.
And sometimes they stared at the ceiling for hours *psst! im overemphazing*
However, my sis borrowed for me this book:
One of the Rich Dad's book by Robert T.KiyosakiI first heard of this famous author when my O.P. faci showed the class a his video about Financial Literacy. I then search about this author on the net and about his best-selling books, "Rich Dad, Poor Dad" in which I will be reading on it once I find that book in the library. Anyway, one of his famous book above is interesting, I finished it up in just one day. But guess what? ABANG ATE a few pages from the book! And it's a library book!
I placed the book beside me before I went to sleep. I woke up when I heard someone tearing up a paper. I was super shocked when I saw Abang ripping the pages with his tiger teeth and powerful claws. I wanted to really smacked his face because he is insane! Haha, but I did not do that anyway. I fix the teared pieces of paper together using a scotch tape and I found out there are still holes in the book. Perhaps, Abang must have digest it.
Back to the book, these are the some lessons which I could remember:
1. Financial Statement is what the bankers wants, not our school's report card. If you want to loan from the bank $, you need to have a Financial Statement. I still do not know what it is and I need to find out about it further.
2. It's good to make mistakes when you learn from it, don't blame anyone and improve on it. Those who fear to make mistakes are losers.
3. Seek financial freedoom over financial security. Because security is an illusion.
4. People have always been criticized. Those who haven't been criticized are just not normal.
5. Create investment. It's an asset.
And etc..etc..etc..
After I finished reading this book, I though of planning to do the 5th point - Create investment. For example, I bought a house for $10,000 but I rent it to someone monthly at $250 for unlimited years. Have you ever get tired when you get your income but you still have to pay your liability (Eg: bills, tax, installments). However, once I rent the house to someone else, then I'll have an asset. These assets will pay off my bills. Even I have stopped working, I still have money in my hand because of the $250 I received from my tenants. Or you divide the house, selling each room for $250. You'll make more money.
Take the easiest example: RP's hostel where 8 foreign students live in the same house for $200 each. 8 student = $ 1600. The person who owns the entire building is actually building his asset.
I actually planned to buy a small house but I rent it to someone else, especially to the foreign workers who comfirm needs it.
*Asset = Money come in to your pocket.
*Liability = Money come out from your pocket.
Carmelia actually want to buy a 7-evelen store which cost $30,000. She said, she wants to recruit people to work for her. So that she do not need to worry about her life financially.
Well, I planned to set up a pushcard shop selling muslimah accessories and clothes and the rent is about $2,000 - $4,000 /month depending on the places. I used to work for my 'dream pushcard business' as a part-timer, working on one of the weekend, for about $200/month. And my full-time cellogue get $800/month. Total of $1000 for just these 2 employees. I sometimes calculate the monthly total sales. During festive season, it can jumped up to $10,000 and for usual days, the minimum is $5,000.
My employer, who is a housewife is earning $4,000 to $10,00 per month. She is not working but she got thousands of dollars every month!
Sometimes, when I was working there, I wish I owned that pushcart. That is the reason why I wanted to set it up one day. If the business is good, I will set up more pushcarts and then set up a store in a mall.
People would asked, "What if the business fails?" "What if the economy crash?" and other negative thoughts of what-ifs. As Rich Dad says, "Loser is the one can't afford to lose."
Rich Dad is right when he said the school teaches students to be good academically but they don't teach us to be financially literate. This is what I need to find out how to be financially literate. Because sometimes,the graduates will ponder, "What's the used to studying what we learn in school but do not applied them in our job."
That's when financial literacy takes in place. How to make our money work for us. Nevertheless, never neglect your studies because w/o it you wont understand the financial literacy.
Ok, I type so long la.
My fingers need a break.
Salam,
Rohani
I placed the book beside me before I went to sleep. I woke up when I heard someone tearing up a paper. I was super shocked when I saw Abang ripping the pages with his tiger teeth and powerful claws. I wanted to really smacked his face because he is insane! Haha, but I did not do that anyway. I fix the teared pieces of paper together using a scotch tape and I found out there are still holes in the book. Perhaps, Abang must have digest it.
Back to the book, these are the some lessons which I could remember:
1. Financial Statement is what the bankers wants, not our school's report card. If you want to loan from the bank $, you need to have a Financial Statement. I still do not know what it is and I need to find out about it further.
2. It's good to make mistakes when you learn from it, don't blame anyone and improve on it. Those who fear to make mistakes are losers.
3. Seek financial freedoom over financial security. Because security is an illusion.
4. People have always been criticized. Those who haven't been criticized are just not normal.
5. Create investment. It's an asset.
And etc..etc..etc..
After I finished reading this book, I though of planning to do the 5th point - Create investment. For example, I bought a house for $10,000 but I rent it to someone monthly at $250 for unlimited years. Have you ever get tired when you get your income but you still have to pay your liability (Eg: bills, tax, installments). However, once I rent the house to someone else, then I'll have an asset. These assets will pay off my bills. Even I have stopped working, I still have money in my hand because of the $250 I received from my tenants. Or you divide the house, selling each room for $250. You'll make more money.
Take the easiest example: RP's hostel where 8 foreign students live in the same house for $200 each. 8 student = $ 1600. The person who owns the entire building is actually building his asset.
I actually planned to buy a small house but I rent it to someone else, especially to the foreign workers who comfirm needs it.
*Asset = Money come in to your pocket.
*Liability = Money come out from your pocket.
Carmelia actually want to buy a 7-evelen store which cost $30,000. She said, she wants to recruit people to work for her. So that she do not need to worry about her life financially.
Well, I planned to set up a pushcard shop selling muslimah accessories and clothes and the rent is about $2,000 - $4,000 /month depending on the places. I used to work for my 'dream pushcard business' as a part-timer, working on one of the weekend, for about $200/month. And my full-time cellogue get $800/month. Total of $1000 for just these 2 employees. I sometimes calculate the monthly total sales. During festive season, it can jumped up to $10,000 and for usual days, the minimum is $5,000.
My employer, who is a housewife is earning $4,000 to $10,00 per month. She is not working but she got thousands of dollars every month!
Sometimes, when I was working there, I wish I owned that pushcart. That is the reason why I wanted to set it up one day. If the business is good, I will set up more pushcarts and then set up a store in a mall.
People would asked, "What if the business fails?" "What if the economy crash?" and other negative thoughts of what-ifs. As Rich Dad says, "Loser is the one can't afford to lose."
Rich Dad is right when he said the school teaches students to be good academically but they don't teach us to be financially literate. This is what I need to find out how to be financially literate. Because sometimes,the graduates will ponder, "What's the used to studying what we learn in school but do not applied them in our job."
That's when financial literacy takes in place. How to make our money work for us. Nevertheless, never neglect your studies because w/o it you wont understand the financial literacy.
Ok, I type so long la.
My fingers need a break.
Salam,
Rohani
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