The above is the title of a book authored by Mark Victor Hansen and Robert G Allen. I found it in the library. If I have came across this title in a book shop, I don’t think I will ever bother to buy it because I will think it is nothing more than a marketing ploy to sell books. However, since it was in the library, which is funded by my own tax money, I see no harm in borrowing and reading it.
The result is, I am amazed by its contents. This book has real and practical contents, which I sincerely believe are able to help its readers to make a lot of money in a relative short time. I am not a stranger to positive thinking. In fact, this blog is filled with positive contents. I believe that in order to be rich materially, we have to be rich spiritually. This means we need to learn to think and talk positive. Only then will the material riches come into our lives.
How about getting rich fast? Sounds like a scam to me. However, I have changed and renewed my mind after reading this book. Getting the first million dollars within a year (or 90 days as suggested in the book) is entirely probable and possible if we know how. In this book, I learned how to focus my heart and mind on getting rich. After that, it comes with suggestions on practical ways to make money. So, I am not going to think positive until a bag of money drops from the sky.
It is also filled with many examples on real people had done it. One of the most powerful examples is in the testimony of the 2006 Nobel Peace Laureate Dr Muhammad Yunus. He won the prize for his efforts in lending money to the poorest women Bangladesh to start their businesses. He started his “bank” with $26 and it grew it into $2 billion capital.
He lent to the poor and illiterate women with neither collateral nor written contracts. His only requirement for his borrowers is, each of them must form a support group of 5 or 6. The groups are to meet regularly to brainstorm and support each other. As a result, he enjoyed a repayment rate is 98%. This means 98% of the women who borrowed from him are able to repay the loans. It was a great success by any standard.
What is the secret here? It is interesting to note that those women were illiterate and never attended any training courses on how to start business. Dr Yunus did not teach them anything because he believed they will be intimidated by new knowledge. The only way they learn is from their peers in their support groups.
The basic idea here is, those women may be poor and illiterate but they are not dumb. They have some skills of their own like weaving, cooking, sewing and planting. So, they started their own business using the skills and talents they already have. Formal learning and training is not required here.
So, if those women who do not know ABC can do it, why not me? Please note that the authors had never said learning is not important. Learning is a continuous process and it should not be an excuse for doing nothing. Whatever skills or talent you have right now, you can use them to build your own business and make your millions. If you are interested, I strongly suggest you get this book.
After reading this book, I am even more committed to make my first million. In fact, I have a head start already. I intend to press forward to make my dreams come true.
In the real estate category, I have purchased a studio unit in a prime area in Manila through a no-money-down scheme. In this deal, I only need to pay 1% of the property price every month until the completion of the project and thereafter I will have to pay up the balance. I am looking forward for the price to double so that I can flip it for a bundle of cash. When that happens, I will have the capital to acquire more properties to build up my real estate empire.
Apart from that, I am have been trading currencies. I did not do very well at first. I have tried automated trading but unfortunately, the results are not good either. A few weeks ago, I have got an idea to create my own trading strategy, which has been working well so far. This strategy has 3 characteristics that I like very much. They are:
2. Low loss and high reward to loss ratio.
My strategy is very simple because I like simplicity. After all I am an engineer. In this strategy, I do not need any form of indicators nor any complex calculations. All I need is 2 horizontal lines and I will be able calculate my entry and exit positions. Not only that, I only have to “work” for less than 5 minutes in every 24 hours, 5 days a week. How much more simpler can it get?
It has low loss and high reward to loss ratio because I don’t like to lose a lot of money. I have been trading long enough to know that there can never be any strategy that offers 100% wins. There are bound to be losses but I want to keep them small and I want the profits to be larger than the loss. This strategy comes with this feature because I created it this way.
It is also non-directional because I hate the idea of trying to predict the direction of the market. I want to make money no matter where the market moves, up or down. I designed this feature into my strategy and I love it.
What is next? I intend to trade using this strategy and fine tune it for maybe a year. Then, I can leverage on it like selling a book on it, setting up a trading school or even a hedge fund. The income of my trades can be used in acquiring more properties.
Thirdly, I have bought a trading strategy that has similar features. It is non-directional, has lower loss and higher reward to risk ratio compared to my strategy. I have made some profits using this strategy yesterday. The only drawback is, positions can only be entered at 0800 GMT. In Singapore, this will be 4pm. So this is not a problem for those living in Asia, Europe and Africa. Only those in North and South America will have problems using this strategy.
I will continue to trade this strategy along with my own. When I am fully convinced on its reliability, I will start to market it for commissions.
These are my million dollar plans. The world is beautiful. I am glad I am alive.