My Trading Adventure

Becoming Rich : Step 1

CP TEH
Publish date: Sat, 11 Feb 2012, 07:41 AM
CP TEH
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All the writings in this weblog are mainly for PLEASURE reading purposes. I am in NO position to recommend a call(BUY/SELL). Please check with those know-hows before you make a decision. Yes, I am just a learner, with only five years experiences in KLSE. So, please BEAR with me.
The first and perhaps most important step to becoming rich is believing that it's possible. This may seem trivial to some but rest asssured it is vital in the pursuit and attainment of wealth. Those that can't see themselves with lots of money will never ever make the neccessary effort to acquire it.

TEH : Yes, you need to believe that others can do it(legally), you can too. It is a personal challenge to ourselves. We do things due to circumstances and we better believe in what we are doing!! If I m to say I want to be rich, it sounds like I am money-minded? Honestly, I have been doing many things NOT out of love of money but due to living ... love living very much. If I am to play bowling, might as well learn to play it well and practise on my games. If I am going to go into stock-markets, might as well learn not to 'lose money' first. And since I am teaching trading now, might as well teach it well, improve in my sharing ... acquire more knowledge and teach effectively!! And since these could generate me some income ... might as well grow it and taking the step to be ... financially free!!


I was at a dinner party the other day and was speaking to a guy about his life . He mentioned how he went from one low-paying job to another with nothing to show for it. His wife stays at home with their 3 small children and he expressed the difficulty in making ends meet. As the conversation progressed it became abundantly clear why he was in that position with no hope of ever becoming financially free.

TEH : Yeah ... I could identify that ... I was holding to my 'low-paying' job in KK about 6 years ago when my first son was born!! It is so difficult to meet ends, by end of month ... every dollars being calculated and as my boy growing, the needs grow too. I just know that I could not be able to sustain the situation ... luckily with tuition-classes increased, I have somehow managed(with debt in credit-cards growing too!!). Yes ... marriage and kids taken lots out of us, financially. If you are surrounded with NORMAL non-literated-financial people for too long, you THOUGHT it is NORMAL to stay on low-paying job and everyone is financially tight anyway!! You just don't realise it ... !! Change that mindset, and you will be able to change your living, financially speaking.


 "Rich people are dishonest and crooked" were his exact words. I asked him why he held that belief. "You can't make all that money by being an honest person". I was stunned! I had trouble understanding the thought process involved in reaching that erroneous conclusion.

TEH :

Nevertheless, it explained why he will never be rich; he doesn't see himself as being a dishonest bad person. For this reason he will never seek out opportunites to increase income or learn a skill in his spare time that might come useful in making more money. He will spend his free time playing games and watching tv.

TEH :

Yesterday I bumped into his wife and she mentioned how excited she was that they found a house for very cheap. I asked her "what's cheap?". She said "only $1250 a month". It took me a few seconds to realize that she was talking about renting.

TEH :


We have different standards and expectations. They expect to rent and live paycheck to paycheck, I expect to buy and be financially independant. My aim is not to stop until that goal is realized.

TEH :

 Taken from : http://www.1richzone.com/2009/06/becoming-rich-step-1_24.html

TEH
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Discussions
1 person likes this. Showing 6 of 6 comments

Fat Cat Tim Buddy

why dont you just tell people to read rich dad poor dad?

2012-02-11 08:02

Peter Lee

u r great bro teh

2012-02-11 08:36

Jake

Financial freedom and independence starts when one DETERMINES to become financially free and independent. Both the heart and mind must be willing...

2012-02-11 14:54

Jake

Brother Teh, being financially free is not necessarily the same as being financially independent, is it? What you think? Care to start a discussion on this topic?

2012-02-11 14:57

cmlooi

I agree with Fat Cat. Since he likes to play games, tell him to buy "Cash Flow 101" game and play it with his kids. That way it will make hime realise something he's been missing. Don't just smile and say bye-bye.

2012-02-11 23:41

cpteh

HI all ... I did wrote it MANY times to read RDPD, but perhaps most here are my new readers? I did wrote how I started after reading RDPD. Why do I like to play games? I do not think so I like games, but yes ... monopoly might be the first board game I will play with my son. I m playing chess with him at the moment. Thanks, Peter. And for Jake, yup ... I will like to elaboarate but too ... busy at the moment? That could wait ...

2012-02-12 08:53

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