Showing posts with label Personal Finance. Show all posts
Showing posts with label Personal Finance. Show all posts

Saturday, December 01, 2007

Smart Investment Talk by Money Problems Solved (

Attended a networking event held at the Regent Hotel.

The Advertisement:

*Find out how You can earn 3% interest on Your finances every month!

* Learn the best-kept secrets on Futures, Indices and Options Trading!

*Find out how you can Generate a FOUR FIGURE passive income within 2-3months, with just $40 !

"Money Problems Solved is a group of individuals like you and I, founded in Singapore in September 2007 upon a book of the same title that was written in 1992. MoneyPS members are interested in finance, property, and investments at the personal level, the family level, and also, the business level. Members are able to network and cross-sell their products and services through our meetings and soon, worldwide,through our upcoming web portal. Purchasers of the MoneyPS book automatically become members of the club. We also raise funds for charities including the Willing Hearts Foundation and Unicef through the sales of the book. Currently, we have over 7000 members, and 120 active members in Singapore of varying professions, experiences and backgrounds."

The Programme:

MoneyPS is founded by Lance Frederick Shaw, an Australian residing in Singapore. Lance presented the programme to the audience.

Purchase a book "Thrifty and Drifty", which is a colouring book with simplified finance and investment information. Even kids can read this book. Price = 20 Euro. Once a member, you can purchase the book at a lower price and resell it to referrals.

After book purchase, you may choose to invest a sum of money with MoneyPS, minimum S$1000. The programme guarantees a minimum interest rate of 3% per month even though it had reached 17% in some months. The investments are managed by traders. Therefore, you typically do not need to do anything with it.

There is also a MLM feature in this programme. For your direct referrals, you can earn a commission value equal to 50% of interests earned from the referral. For the second level and third level, you can earn 10% of interests.

Other than profits from investment, MoneyPS is also capitalising on the vast database of customers to derive an additional income. This is possible because customers have to indicate that they permit the company to use their information before they could purchase the book online.

How to start?
1. Log on to and buy a book with Referral ID: 8919
2. You will receive your own ID via an email from the Administrators.

For investments,
You would need to sign a loan agreement with Lance Shaw, with him promising to return you 3% returns monthly. Upon signing the agreement, you will have a 7-day cooling period.

Sunday, April 29, 2007

Income = Value x Time x Scalability


Why are handphones more expensive than others? Because of the difference in functions and the difference in the value that is added on to the users.

Whether you want it or not, everyone carries an invisible price tag. This is also what some calls the perceived value of oneself.

To increase income, we need to constantly increase our value by upgrading ourselves to adapt to the new environment. Only through increasing our value can we then deserve more than what we are earning at present.


The next factor that contributes to income is the time used on value-adding activities.

"If you fail to plan, you plan to fail"

Take some time at the end of each day to plan what you need to accomplish and rank the activities according to the importance. By doing so, you add value effectively and efficiently.


Does a heart surgeon or a pop artiste create more value to the individual person? It's definitely the heart surgeon who saves lives. But why does a pop artiste earn much more than a heart surgeon? The answer lies in Scalability.

To illustrate the point on scalability: A pop artiste is able to reach out to hundreds and thousands at one time whereas a heart surgeon can only be operating on one person at a time.

The Multiplication Factor

Failure to input any factor result in Value x 0 x Scalability = 0.

Monday, January 08, 2007

Financial Literacy is a Life Knowledge

Financial Literacy is one of the most important survival knowledge that one needs to know, and this is increasingly so. It is not a subject for the rich or for the poor, its for everybody.

According to Rich Dad's Prophecy, Robert Kiyosaki stated that financial education is crucial for every individual. While you might be investing, you are not necessarily an investor. You might have entrusted a 3rd party to help you invest, but without the essential knowledge, you will not be getting the most out of an investment.

Many people belong to the category I call "sheeps". When one goes into investing, the whole flock follows. When you ask them if they know the profile of the company that they are investing in, they might give you a blank stare and tell you that their agent told them it was a good buy. While some may have earned from investments blindly, others do not.

I have some friends who are earning a hefty sum of money every month. They are spending more and more because they are not keeping track with their personal finance. Splurging on luxorious liabilities will create a drag in one's financial health.

Financial Literacy has not been emphasised in schools. I believe that children should be equipped with basic financial literacy so as to be prepared for a better future ahead. And there is a lot more to go on spreading financial knowledge...