Pages

Sunday, November 10, 2013

Planning Your Money Matters for the Future




Money is the output of what we do physically, if we are going to view it at the viewpoint of a non-investor.

I was once a non-investor and the thought of saving money in a piggy bank or in bank institutions are the only way to save money in the future.

This video taught me on how to prioritise my money in a planned way.  The lesson that I learned are the following:

1. Prioritize the tithing behaviour.  Tithe is a tenth part of  something or a 10% of our money earned through our income.  This part is voluntarily given to a religious organization or to the government like a donation as what we call it.

This is optional, some people don't believe in tithing, so it's still ok to cut it down from the list.

2. Saving for an Emergency Fund - We should save something that is liquid, ready to use cash, in case of emergency such as accident, hospitalization, etc..

3. Retirement Fund - What is life after our retirement?  Do we just sit down on a racking chair, smoke cigar and wait for our chicken to be 45 days old in order for us to eat?  NO, we should get a retirement fund while we are still capable of earning money so we can still continue our life the same as when we were young and able.

4.  Freedom Fund - This is the fund that you are free to use to whichever money making scheme you are interested in investing.  May it be in the mutual fund or to the stock market.

5. Investing in Stocks - The venue where your freedom fund goes.  This will make your money grow when invested in a trading stocks or in a long term investment period.

I think one thing is missing from the list is paying all your debts first.  This is the most important initial step before planning for the step no. 1.

My views on money, after watching this video, has now changed and my priorities as well. 

Follow me to my journey on Success. Let me know how your views had changed after watching the video.  Leave a comment below.

Thursday, September 19, 2013

"Who Moved My Cheese?" Had Affected my Blogging

Gold and diamond was our topic while chatting with my 8-year-old son.  He is interested on how much the gold and diamond cost and where did it came from.

I taught him that gold is mined and bought by grams while diamonds are in carats.  We did some maths when he asked me how much does a gold bar costs. 

Since tomorrow is a school day, he needs to go to sleep early, then we said goodbyes.

The Video That Taught Me The Right Attitude on Blogging
After those conversations, I saw a video posted from a friend in his Facebook wall.  The title is "Who Moved My  Cheese".  Although I read this already in a paperback book version, it's still worth watching.

Don't be deceived by the style of the video, it's animated with four characters in it.  There are two mice, Sniffy and Scurry, and two small people, Hem and Haw.  You may find it boring at first, you need to watch it to the end.

The story is not, I think, for kids, although it might be applicable, but it's more about adults who are searching for ways to venture in other worlds out from their comfort zone, searching for business or money, or change in career.

Watch the video in Youtube or the video link below and I'll explain my views about it, how it changed my blogging career.


This video taught me a lot for my Make Future Income blog.  It changed my everyday views about blogging.  It answered my questions on Why Do I Need to Blog?

For me, blogging is one of my ways to express myself to the world.  It is also a conduit for people who wants to communicate with someone in their own kind, businessman to businessman or engineers to engineers, you know what I mean.

But, this time, as I finished watching the video, here are the lessons that I learned from it that are related to my blogging.  These in particular are the writings of Haw on the walls.

WHAT WOULD YOU DO IF YOU WEREN'T AFRAID?
I'm a conservative person, probably like Haw, wanting to change but was constricted by the negative thoughts of Hem.  My attitude is that I want someone that will tell me first what's on the other side before I do something about it.

But, after Haw went out of his comfort zone, this is the time when he is not afraid anymore.  

I started to post my first blog at exactly 11:30pm on July 30, 2009.  I considered myself a newbie at that time.  It is when I started to realize that there's something out there where I can reach people and earn some income through it.  

The blog started when I saw a friend who ventured to blogging, probably like Haw, and I was like Hem at that time.  I was afraid to come up with a blog.  Why?

1. Afraid of rejection or humiliation from friends. Maybe they will laugh at my posting. 
2. I don't have any idea about the world of blogging.  Afraid that it might hurt me or my career.

Like Haw, I started to go out of my comfort zone, feeling not afraid to blog and the rest was history, I've been posting more than 200 post now, 10 blog sites and counting.

SMELL THE CHEESE OFTEN SO YOU KNOW WHEN IT IS GETTING OLD
Monitoring the progress of my blog is what the saying was all about.  Everyday, I do research about blogging and checking what techniques that might help me improve it.

I constantly monitor my progress with the help of Google Analytics and comparing my blogs to those successful ones.   When a blog is not that successful, I make and experiment with new blogs and monitors its success.

When I smell that my blog is not working, that means it's getting old.  I might change the way I blog or completely delete it and start a new one.  Blogging is a continuous learning.

WHEN YOU STOP BEING AFRAID, YOU FEEL GOOD
With so many blogs on hand and quite a lot of postings, I felt so good.

It took away all my doubts and fear on humiliation.  Good things started to flow when my readers praises me for what I've been posting, which help them a lot. They thanked me for my blog. 

This is what the feeling is all about.  Not afraid of anything to say, in fact, blogging is a free writing.  Who cares if my grammar or the spelling is wrong, as long as people understands it and I was able to help them with their problems.

IMAGINING YOURSELF ENJOYING NEW CHEESE LEADS YOU TO IT
Although I am not earning that much for now, I'm still so happy of what I had achieved. 

The very first earning that I have on my blogs was at $0.05.  Yes, I'm serious, it's my first earning in Google.  I was so happy at that time seeing that figure. 

Where else I can find that money by just doing something in front of my computer?  I don't even find it in my cabinet or anywhere around my house.

During those young years, I imagined myself having 10 or more views per day, it was just my dream.  But now, I gained more than that.  It's amazing how I started from that number to the ones that I have right now.

Imagining is like setting a goal.  So, I imagine myself that at the end of the year, I will be earning from this Make Future Income blog.

WHEN YOU CHANGE WHAT YOU BELIEVE YOU CHANGE WHAT YOU DO
Before I started blogging, my belief is that I can only earn money through selling physical things, the ones that we can touch.

At first, seeing my friends doing their blogs doesn't interest me at all.  Then I started to believe that they really make money out of it and so can I.

I stepped up and made my first blog site, registered in Google AdSense and that's it.  The rest followed and changed my way of finding income.

CHANGE HAPPENS THEY KEEP MOVING THE CHEESE
On 2007, the physical business that I have is not doing well.  It's because they keep moving the cheese, in other words, economy is not stable. This changes happens all the time.

Google AdSense changes their algorithms quite often and it will change the ranking of the sites.  Some of my blogs have been in the lowest rank in terms of search engines and other things.

That is why, I am anticipating the changes.  There are a lot of cheese out there and I need to find them before my cheese in Google runs out.

For the next blog post of Make Future Income, I will post all the cheese that I can find.  Maybe you are the Hem, I will be the Haw for you.  If ever I have some information that I can find, you will be the first to know.

Tuesday, September 17, 2013

Networking Business Online and Offline

Chatting with my two-year-old son is the most rewarding and the best motivation of the day.   His older brother is sleeping because of high fever with a temperature of 37.7degC.  I hope he will be alright tomorrow.

While the washing machine is spinning my clothes, I saw an advertisement in Facebook where the man introduced some kind of an online business.  This I thought is good for my quest of making future income, so I sneaked in.

See the video here in YouTube.

Online Networking Business
Sorry, but I have to say that the video was quite boring it's simply because of the three factors:

1. His voice is so low that he sounds like he is unexcited or exhausted.
2. The presentation is not fast. 
3. The product is not properly presented.  They are focusing only on the networking part and not the quality of their product, which is the most important for the buyer.

When choosing a business that will last longer than your lifetime, you need to have a good product.  It will overcome the high price of that product easily. 

People will still buy Louis Vuitton or Chanel or what have you even if the price can reach to 5 digits, it's because of the good product that they will possess and they know that it will be their good investment.

I've heard from my housemate that they have a client who offers high end bags for rent.  This is a good idea because of the fact that not all people can afford these things.  The only downside of this business model is when some incident happens to the bag, who will cover the cost?

My Offline and Online Business
Networking business, either be online or in real world, is a good business to have.  But, before you go into that business, make sure that you really like the product and take it as your future investment.  

Do not join if you are just aiming for the money.  In fact, it's difficult to offer products that even you will not dare to use.  Be picky when it comes to networking business.

So for now, I will not get the product which they had posted in YouTube.

Few weeks ago, I joined a networking business which is about Travel.  The product attracted me most because it's all about travel.  Almost 8 out of 10 people will say that they love to travel.  In a family of 4, everyone will travel and the good thing is this product will be extended to the family members.

I have my own website where everyone can visit.  I named my website as Alagnam.  You can view it here, but you can not see the member's benefit that it offers.

The only downside of this Travel Business is the option of inviting people or visiting them at their homes for a product presentation. I find it too tiring and costly, it will cost me few dollars for my meal and parking which I think is not worth it. But few of the members took this opportunity and they are now earning dollars in exchange of their time.

Even though I don't do the selling one on one or inviting people, I still can use the product and avail the benefits that it offers, it's because of the Travel platform.  So, that's why I love it.

If you want to learn more, you can contact me at benalagnam@yahoo.com.
Ben Alagnam - MeMovingToCanada