*INCREASE YOUR FINANCIAL IQ
*GUIDE TO INVESTING
Catatan pagi ini sangat menarik di dalam newsfeed. Sangat menyegarkan apabila mengetahui rakan kita ini hanya seorang gadis muda berusia 22 tahun. Pendidikan hanya SPM disebabkan kesusahan yang dialami oleh keluarganya. Bekerja dengan gaji RM1500.00 sebulan. Sebelum memutuskan untuk berniaga kecil-kecilan menjalankan Perkhidmatan "Pedicure". Namun begitu INCOMEnya lebih banyak daripada kebanyakkan graduan dan pemegang Ijazah hari ini. Berpendapatan 5 angka dan yang pasti pendapatan ini semakin meningkat.
Lebih menarik kupasan gadis muda ini mengenai asas kepada MAKROEKONOMI. Daripada seorang yang "zero knowladge" tentang Ekonomi. Beliau kini memahami PUSINGAN EKONOMI dengan baik sebelum memulakan PELABURAH HARTANAH yang pertama..
Memahami APA ITU - WANG, Bagaimana WANG Berfungsi, Kesan INFLASI keatas Nilai MATAWANG, CURRENCY, Peranan EMAS, Bagaimana PEMINJAM & PEMBERI PINJAM merancakkan EKONOMI, HUTANG BAIK & HUTANG TIDAK BAIK, CAGARAN, KESAN LEBIHAN PERBELANJAAN KE ATAS EKONOMI, INFLASI, PERCUKAIAN, KADAR FAEDAH, INSTRUMENT KAWALAN dan sebagainya
The best part ialah "Bagaimana beliau menyedari PELABURAN HARTANAH" mengimbangkan kejatuhan NILAI MATAWANG pada masa hadapan dan Bagaimana INFLASI bekerja meningkatkan harga HARTANAH"
MIRACLE DOES HAPPEN IN LIFE
A message i acknowledged and credit to : YY W____
You will never ever ever imagine a 22 year old young girl can write such a statement to me after just reading 3 books and watch 3 videos i shared to her.
She is only a SPM graduate, family doesnt have extra education money to support her to pursue her higher education, so she gotta start working. However, she knows by working she can only make RM1500-1800/month as a basic skill employee. With that amount of paycheque she knew she couldnt support her family coz she has younger sibblings to support as well on their household expenses. So she bravely quit her job and manage to raised and borrow some money from friends opened her mini mani/padicure business.
By now it should be her 3rd year of business operation. Although it is a small scale service sector business however you may be IMPRESSED that she is making a "5 FIGURE" business profit "MONTHLY". A 22 year old without a degree or diploma is self making 5 figure income monthly. I really dont know how those highely educated professionals will feel after reading this. I know i have to share this to all of you here.
I am very very proud of you YY Wong. Sincerely, you not only left me a deep impression when we met however you also amazed me with your intelligent and the ability to absorb as well as elaborate back to me precisely in detail what i taught you. You really pick things up very very fast at this age, while many others at your age are still in school enjoying life spending daddy mummy's money. I am very very very sure u will achieve what you want later in your life because you are on a faster pace on everything you are doing compare to other people that i know of who are older than you.
P/S ::: THE MESSAGE BELOW IS WHAT SHE SENT TO ME TODAY.
"Hi JL, Happy belated birthday to you! Wish your dreams come true and stay happy always!
Hmm... How you feel that I had a bad experience before? Let's exchange secret. Teach me how can I start my first property investment. Ahahaha. Just joking. I'm sincerely hope can be friend with you.
So sorry for taking so long time to finished all these videos. For a person with totally zero knowledge in real estate, it's really important to take some time to understand all these. Below are some feedbacks from me. If there's any mistake please correct me..
I was shocked after i watched all these videos. Unbelievable. I have never ever thought of how the economy works. And i thought there are no difference between money and credit. Now i know credit is the most important part of the economy. And credit is so easy to create. When borrowers promise to repay, and lenders believe them, credit is created. That seems simple but credit is tricky. Because if you dont know how to use your credits well, it will become debts. Debt is because it allows us to consume more than we produce when we acquire it and it forces us to consume less than we produce when we pay it back. But then, learn how to use debts, it will become good debts. So why credit so important? Because when a borrower receives credit, he is able to increase their spending. And since spending drives the economy. This is because one person's spending is another person's income. And i learn a creditworthy borrower must has two things. The ability to repay and collateral if can't repay. The banks won't need you to show your face. Money is when we settle transactions with. But credit can just create out of thin air with an asset and a liability. So in an economy with credit, i can increase my spending by borrowing. But, credit is bad when it finances over-consumption that cant be paid back. However, its good when it efficiently allocates resources and produces income so i can pay back the debt.
Now i know what makes inflation. When the amount of spending and incomes grow faster than the production of good. When prices rise, we call this inflation. And the central bank doesn't want too much inflation, so seeing prices rise, it raises interest rates. When people spend less, prices go down, we call this deflation. And the central bank will lower interest rates to cause everything to pick up again. This cycle is controlled primarily by the central bank. It's a vicious cycle. And i just realise that the central bank actuslly got the power to print money at anytime. They control people eat or dont eat. Who control the money who control the world. The central bank can print money but it can only buy financial assets. The central government can buy goods and services and put money in the hands of the people but it can't print money. So in order to stimulate the economy, the two must cooperate. The key is to avoid printing too much money and causing unacceptably high inflation. At last i get is, income needs grow faster than debt grows. It was so incredible that money is just a little part in the whole economy.
I still remember when the first time i met with you. You said money is just a tool for you. At that time i thought for rich people as you sure can say like that. But after i watched all these videos, it totally change my mind. Money is a trading tool that stores the economic energy that is my time and freedom whereas currencies leak them away. True wealth is time and freedom. So fiat currencies are based solely on confidence and always return to their intrinsic value of zero. I have learn the relationship between gold and money and their history. Governments dont like gold because it imposes restraint. So don't keep money, because it does not store value over time as inflation incline.
Intead, buy assets like real estate that stores value over time with it rental yield. Now i know how 7 stages of empire going works and i can differentiate Gold standard and gold. If we have gold standards, we're going to get scammed again and again. Governments never stop printing more currency. Therefore, prices keep on going up. Not because they stuff that we trying to buy is changing. What has changed is the currency purchases less and less. Rising prices are a symptom of an expanding currency supply.
The greatest part i have learn is how the banking system works. It's unbelievable that my money in bank just left maybe 10% or lesser. An initial deposit of just one hundred dollars can create up to one thousand dollars of bank credit. This is where the vast majority of our currency supply comes from. And this is where inflation comes from. The true definition of inflation is an expansion of the currency supply. These money are nothing but just numbers that the banks type into their computers, eventhough these bank credit numbers are very different from base currency number, because they only exist in computers, they are still currency. Now those numbers represent our blood, sweat, tears, labor, ideas and talent. We are what gives the currency its value. This is where the system begins to rob everyone on a massive scale. Our entire monetary system is nothing but a form of legalized theft. And the result is there's never enough currency to pay the debt. By this means, government may secretly and unobserved, confiscate the wealth of the people, and not one man in a million will detect the theft.
And at last. Finally i know the tax we paid gone to where. Step1 Government creates glorified IOU. Step2 IOU are swapped to create currency. And the currency at the Treasury which is really just a supply of numbers. Step3 The government spends the numbers on promises politic works. Step4 Banks multiply the numbers by banking system. Step5 Where our numbers are taxed who then turns our numbers over to the Treasury, so the Treasury can pay the principal plus the interest on bonds. Step6 The debt ceiling delusion. And finally step7 The secret owners take their cut. It is a form of enslavement. Bond is a promise to make us pay tax in the future. This part was very complex and make me to watch it again and again to undertand it well. Finally, i do it.
Thanks JL. All these videos allow me to learn a lot and it really changed my mind. Now i know wealth will never be destroyed. It is merely transferred and that means that on the opposite side every crisis there is an opportunity. All i have to do is to educate myself. Education on the history of money, education on finance, education on how the global economy works, education on how all of these guys at the central bankers, the stock market. I believe that if im holding paper assets and paper currencies i have that one direction. But if im holding physical assets, i bet the opposite direction.
So is there any miracle will happen on me?
Thanks for your time and effort to read all this. I never think that only videos will change my mind, my life. And I felt in love with all these financial knowledge. Thanks very much JL. And last request. Can I have the photo we took that day? I just hope can keep it as a memory and I promise I won't share it out or send to anyone else. I appreciate if you can Anyway! Thanks! Hope there's a beautiful magic will happen on me"
Written by : YY W____
- End -
PART 2, to be continue......... 1 months later by YY.
JL™
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