My Lore

Lessons learned from my life experience  

These may not apply to anyone. Different people have different needs and inspiration. I drew upon these lessons based on my exposures and life experience. My five cents opinions. 

Throughout my life I have always believe in working toward a goal to achieve what I want. As such, I have followed the 3Ps.

Patience, prudence and persistence

Patience in waiting for the results.
Prudence in my decision making.
Persistence in purusing my goals.

Mind-set

The first step to financial independence is Mind-Set. This is in my view the most important element for achieving financial independence. Our traditional schools do not teach us that, we have been taught the traditional path of studying to get qualification and obtain a job thereafter. But the problem is, it is also a ticket that put us into the rat race track and for most of the time it was a path of no return. They taught us to get in but never a solution to get out. So, it is up to the individual to find a suitable path out of the track. The mind-set has to undergoes the first changes to begin that step. 

This is especially true for those who happened to had a big windfall but lose it within years. Suddenly they are rich, but they do not have the correct mind-set to handle the money. 

Discipline

Mastered the skills of wealth management as soon as possible. Learn the differences between spending and savings. A few cents may not seem a lot, but added up in volume over the years it could meant a lot. 

This also involved disciplines to recognise the difference between essential and non-essential stuffs when it comes to spending. It is ok to spend on pampering yourself after a day of hard works but don’t overdo it. And above all, don’t give in to ‘Pride’. I know it is cool to show off, but after the fire die down and you are left alone in the cold with nothing but a hollow vanity. 

Learn our strength and weakness

No man is born perfect. We all have our own weakness and strength. The earlier we discovered it, the less likely we will make too many mistakes. It is not easy to admit our faults. But when we finally learn to accept our mistakes, we will be able to move on. Life is too short; no point wasting the time pointing at who and where is at faults. Just move on.

Understand our risk level. This will let us know how far we can go. There is no better thing than a peace of mind.

And above all, learn to control your emotion when It comes to investments. It is easy enough to make mistake when all logic and reason goes out of the brain.

Study!

No matter in which career field we are in, we must read and study to get familiar with the financial terms and concepts. Understand the differences about passive income and fixed income. Understand how the currency and money flow in the human world. Understand the existing systems of the world order and the many platforms where passive income are made.

Explore!

Explore your life! Action speaks more than a thousand words. Experience brings wisdoms and knowledge. Talk is empty. Ones could win an argument in theory but only when the theory is being put into practice then ones would know whether it works or not.

Open-Minded

Be open-minded. Explore new ideas and methods. Experience and judge it for ourselves. Closed-minded is as good as status-quo for your life.

Have some quality friends

When you in the outside world, your friends are your treasures. Whether a friend who can laugh together with you or like-minded people who can help you, as long as you feel comfortable and at ease when they are around. These are the good ones who can keep you positive. 

You should be able to know the right ones. Just ask your heart. If you are feeling stress and drain after dealing with one, you would know better than to engage with that friend ever again.  

Remember your dreams

Life is not just about working. Our life need to have a purpose, know what we want for our life. In times of doubts and failures, our goals will be our reviver and constant reminder in our life why are we still trying even after so much falls and failures.   
 

Have dreams. Even a simple one. 

‘During one of my toughest periods in my third employment job where I suffered discrimination and abuses, I often dreamed to myself looking forward for a cup of Mocha at Coffee Bean at Orchard Road over the weekend. It was a simple dream, but it somewhat served to maintain my sanity working in such disruptive environment. It may seem childish. But sometime a simple cup of coffee can help kindle the troubled heart from sinking into the deepest pit of negatively.’