I would really like to share with everyone the power of sharing and the power of synergy. Some of you may have noticed my face appearing in alot more ads as usual. In fact, many of the ads my face appears in are the ads of ERC (Entrepreneur’s Resource Centre) which runs leading entrepreneurship programs (both Diploma and Degree).
Well, the reason this is happening is because AKLTG and ERC recently had a strategic alliance where we are now promoting each other’s courses and programs. For example ERC’s Diploma in Entreprise Development has incorporated my ‘Patterns of Excellence Program as one of its core modules. ERC’s Diploma in Wealth Management has incorporated my Wealth Academy as one of its core modules. As such, Whenever ERC sells their Diploma programs, they are effectively sellings seats in my seminars! These additional students that come to me as a result of ERC’s diploma program easily adds an extra $1 million + in revenue to AKLTG.
At the same time, I actively promote ERC’s diploma programs whenever I run previews for my Wealth Academy and Patterns of Excellence Programs, adding to their revenue as well. In addition, by leveraging on my brand name, ERC gets to further build their already strong credibility and are able to reach out to the studnet’s segment which they are new in.
The funny thing is that before I met up with the founder Andy Ong (who happens to also be a super high achiever, self made millionaire and author of 7 books), we saw each other as indirect competitors. In additon, he had the impression that I was an egotistical asshole and I too was told that he was an egotistical asshole.
So we had bad impression with each other before we met, which is one of the reasons we never ever attempted to get together. We found out later it was a mutual acquaintance who painted this totally inaccurate picture we had of each other. Turns out, Andy is really a nice guy…and has the same vision, values and srive as me (we found out is was the mutual acquaintance who was the real asshole who played us both out). I guess one big lesson to learn is that we should never form generalizations of other people (no matter what others say) until we really get to meet them ourselves.
After just one round of golf, we really hit it off and decided to forge this alliance which has proven a super big win-win for both parties. Although, we have to now share the profits of our participants with each other, the resultant comined marketing effort has resulted in the pie growing even BIGGER for both of us. The result? higher profits for both parties.
I have always believed that it is important to share. Some of you may not know this, but I only own 50% of AKLTG and I only own 30%-50% of all my other 7 companies (all consolidated into 3 main holding companies). In fact, I came up with ALL THE INVESTMENT money and gave away free shares to my partners. Some people think I am stupid as I would be earning less profits by giving away shares.
However, I have learnt in life that when you give shares to good partners, they will add so much value to your company that they will grow the original pie so many fold that you will find that everyone earns more and benefits more in the end. The reason I see so many businessmen remaining as one-man shows and never being able to expand their businesses is because they are so afraid of sharing their ideas, shares and profits.
So although they hold 100% of the shares, it is 100% of a very small pie. However, because I gave away 50% of my company to great partners, they have increased my pie to 100th fold so that 100% of this super pie is much much more than 100% of a tiny pie.
I always like to give the example of Bill Gates and Microsoft. Bill Gates is the richest man in the world. Yet, does he own 100% of Microsoft? No! He started out owning only 50% and now, he owns less than 20% of the company. In fact, out of the 10 riches men in the world, 3 of them (i.e. Bill Gates, Steve Balmer & Paul Allen) come from the SAME company, Mircosoft! I always say, it is always better to own 10% of a $100 million company than 100% of nothing!
Whenever I run my Wealth Academy programs, the biggets fear I hear from my participants in their business development proces is ,’ what if I share my ideas with people like investors, partners, friends and they STEAL IT?’ Well, let me say that IDEAS are CHEAP and FREE. If you never share your ideas and network with the right people, keeping that idea to yourself is worth nothing. You have to have the confidence to share your ideas, get feedback, get people on yoru team and turn that idea into reality. Wealth = 1% inspiration and 99% perspiration.
The trouble I find with the Asian (Especially Chinese culture) is a very selfish one. Traditionally, when a Chinese family discovers a new secret, they tend to want to ‘KEEP IT IN THE FAMILY ONLY’ and ‘KEEP IT AS A SECRET’, only to be passed down from one generation to the next. However, American’s mentality is very different. When an American discovers a new idea/investion/secret, they will go all out and share it with everyone and earns millions of dollars in royalty payments! This is probably why most of the world’s inventions were developed by the Chinese but made famous and cmmerically exploited by the Ang Mohs
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Saturday, February 20, 2010
Wednesday, February 10, 2010
Does it Take Luck to Succeed and Make it Rich?
Many people have always posted this question to me. ‘Do you feel that luck played apart in your success?’ ‘Are some people just luckier than others?” Does it take good luck to succeed?’
Well, I believe that there are two kinds of luck, ‘gambling luck’ and ‘business luck’. I have noticed that there are some people who are just born with ‘gambling luck’. These are the guys who are the ones who keeping striking the 4D (like my father in law) and who keep winning whenever they gamble. I for one, have got no gambling luck at all. Everytime I play Chor Tie Tee (I don’t know what is the correct spelling), I keep losing. Everytime I gamble at the casio for fun (Jackpot or Craps), I ALWAYS end up losing.
However, I noticed that there are some of my friends who just keep winning at cards. So, I must admit that some people are just born with this DUMB LUCK. In fact, when I was in the army and out on missions, I would always gamble with my sergeants (I was a Platoon commander) Chor Tie Tee. Everytime, I would always lose. Some of my sergeants would win sometimes and lose sometimes.
But there was this particular sergeant who kept winning for every single mission we went to. In my Ad agency, I used to employ a production manager who kept winning 4D (he won 7 times in 3 years) and even won a car in a lucky draw. But you know what? None, of these guys are rich or successful. So don’t envy them. In fact, these DUMB LUCK people tend to spend whatever they have as soon as they enjoy their windfall and end up broke again.
Although I have no ‘Gambler’s luck’, I have another kind of luck that i must say has been responsible for me making my millions. It is what I call ‘Business Luck’. The best part of it is that business luck is not something the heavens bestow upon you…it is something that you can MAKE YOURSELF. I find that the harder you work on what you are passionate about, the better business luck you have. Gambling luck requires no hard work. Business luck requires lots of hard work for it to surface.
So what is ‘Business Luck’? Business luck is the OFFSPRING generated when OPPORTUNITY meets PREPARATION. In other words, BUSINESS LUCK = OPPORTUNITY + PREPARATION. So, to have business luck, you must have lots of opportunities and be prepared to take advantage of those opportunities.
Now, many people complain that they have no LOBANG! That is hokkien slang meaning they have no opportunities. You know why? It is because they don’t take any action. They don’t go out and network. They don’t read latest news. They don’t track trends in the market. They don’t listen and keep a lookout. I believe that oportunities to make money are there EVERY SINGLE DAY! It is only when you take massive action do they appear to you. But, let me tell you a secret! Opportunities never look like opportunities.
Opportunities ALWAYS come disguised as PROBLEMS!!! Those who have the millionaire mindset see opportunities, while the average person only sees the problems.
The bottom line is that you have to look for opportunities in problems. In fact, whenever something looks like an opportunity, it is often just a SCAM. I am sure you have received emails from Nigeria where this son of a Sultan Abibaboo claims to have US$250m and they need your help to get the money out of the country and they will pay you 10%! If something is too good to be true, it ALWAYS IS.
But being able to see the opportunity is NOT GOOD ENOUGH. You must, be PREPARED to take advanrtage of the opportunity in order to generate LUCK! For example, I was able to take advantage of Osim low price because I had the financial training to know what their true intrinsic value was (Osim’s true value was $1.80). True enough, when market sntiment improved (it always does eventually), the prices moved towards its intrinsic value, allowing me to sell and make a nice profit. When I saw the opportunity that there were many parents who did not know how to help their achieivng kids, I was able to capitalize on the opportunity because of my knowldge and training in accelerated learning and NLP.
So, my advice is to constantly build your knowledge base and skill set. Learn about how to invest, learn about business etc… So when the next opportunity comes, you are prepared to pounce on it and make your luck happen!
Well, I believe that there are two kinds of luck, ‘gambling luck’ and ‘business luck’. I have noticed that there are some people who are just born with ‘gambling luck’. These are the guys who are the ones who keeping striking the 4D (like my father in law) and who keep winning whenever they gamble. I for one, have got no gambling luck at all. Everytime I play Chor Tie Tee (I don’t know what is the correct spelling), I keep losing. Everytime I gamble at the casio for fun (Jackpot or Craps), I ALWAYS end up losing.
However, I noticed that there are some of my friends who just keep winning at cards. So, I must admit that some people are just born with this DUMB LUCK. In fact, when I was in the army and out on missions, I would always gamble with my sergeants (I was a Platoon commander) Chor Tie Tee. Everytime, I would always lose. Some of my sergeants would win sometimes and lose sometimes.
But there was this particular sergeant who kept winning for every single mission we went to. In my Ad agency, I used to employ a production manager who kept winning 4D (he won 7 times in 3 years) and even won a car in a lucky draw. But you know what? None, of these guys are rich or successful. So don’t envy them. In fact, these DUMB LUCK people tend to spend whatever they have as soon as they enjoy their windfall and end up broke again.
Although I have no ‘Gambler’s luck’, I have another kind of luck that i must say has been responsible for me making my millions. It is what I call ‘Business Luck’. The best part of it is that business luck is not something the heavens bestow upon you…it is something that you can MAKE YOURSELF. I find that the harder you work on what you are passionate about, the better business luck you have. Gambling luck requires no hard work. Business luck requires lots of hard work for it to surface.
So what is ‘Business Luck’? Business luck is the OFFSPRING generated when OPPORTUNITY meets PREPARATION. In other words, BUSINESS LUCK = OPPORTUNITY + PREPARATION. So, to have business luck, you must have lots of opportunities and be prepared to take advantage of those opportunities.
Now, many people complain that they have no LOBANG! That is hokkien slang meaning they have no opportunities. You know why? It is because they don’t take any action. They don’t go out and network. They don’t read latest news. They don’t track trends in the market. They don’t listen and keep a lookout. I believe that oportunities to make money are there EVERY SINGLE DAY! It is only when you take massive action do they appear to you. But, let me tell you a secret! Opportunities never look like opportunities.
Opportunities ALWAYS come disguised as PROBLEMS!!! Those who have the millionaire mindset see opportunities, while the average person only sees the problems.
The bottom line is that you have to look for opportunities in problems. In fact, whenever something looks like an opportunity, it is often just a SCAM. I am sure you have received emails from Nigeria where this son of a Sultan Abibaboo claims to have US$250m and they need your help to get the money out of the country and they will pay you 10%! If something is too good to be true, it ALWAYS IS.
But being able to see the opportunity is NOT GOOD ENOUGH. You must, be PREPARED to take advanrtage of the opportunity in order to generate LUCK! For example, I was able to take advantage of Osim low price because I had the financial training to know what their true intrinsic value was (Osim’s true value was $1.80). True enough, when market sntiment improved (it always does eventually), the prices moved towards its intrinsic value, allowing me to sell and make a nice profit. When I saw the opportunity that there were many parents who did not know how to help their achieivng kids, I was able to capitalize on the opportunity because of my knowldge and training in accelerated learning and NLP.
So, my advice is to constantly build your knowledge base and skill set. Learn about how to invest, learn about business etc… So when the next opportunity comes, you are prepared to pounce on it and make your luck happen!
Thursday, February 4, 2010
Should I Take Charge of My Life Or Should I Let God Take Charge of It?
Recently I had a participant of mine say that he felt that my teachings contradicted his religious beliefs.
He said that his religion advocated that he should let God choose his destiny and lead his life. Whereas in my seminars, I teach people to take charge of their own lives and their own destinies. I teach people not to leave their life to chance but to have a plan for their future. I teach people to make full use of their potential and live life to the fullest. I always say that if you don’t have a plan for your life, then someone else (like your boss or friends) will have a plan for you. And you will probably fall into somebody else’s plan. (And I don’t think other people have anything good planned for you).
Because of his strong belief and faith in God, he says that he does not feel the need to set goals or to take charge of his life. God will give him the answers ‘one day’. And all the bad stuff that is happening to him is God’s will and beyond his control, so there is nothing he can do about it.
First of all, let me first say that I myself am a very firm believer of God and believe alot in the power of faith. In fact, I have found that the more successful and wealth I have become, the more spiritual I have become as well. When I was young, I never believed that God existed. I thought that since it was not something scientifically proven nor something I could see, it was probably all made up in people’ minds. However, through the years, I have become a VERY firm believer in God for a few reasons. First, as I started to think about the complexity of the universe, nature and the human body, it dawned on me that there was NO WAY that everything could have happened by chance (e.g. the fact that every single cell/organ/tissue in the human body performs a specific function working together in a symbiotic relationship). Everything that we take for granted, from the intricate veins of a leaf to the ventricles in the human heart had to be designed by a creator.
The second reason is that when I look back at my life and reflect on all the events that have led up to now, it seems too coincidental that things have happened by chance. Everything (even the awful painful stuff) seems to have happened for a particular reason. For example, if I had never had screwed up my PSLE and ended up at the bottom of my school, I would never have found the need to learn about NLP and about the Psychology of Success. If I had never learnt about NLP, then I would not be as successful as I am today .I would never have been able to write all my books and created my life changing programmes and I would not be able to help thouands of people every year change their lives. It seems that this is my purpose and my mission from God and that everything that has happened was part of a divine plan.
Well, then doesn’t this contradict my own teachings about taking charge of one’s life and planning your own destiny? Absolutely NOT. In fact, it is totally in alignment. Let me explain.
See, I believe that God is a force that exists in all our hearts and within every single cell of our body. He is not some old man with a white beard sitting on a throne one billion light years above the clouds. As such, God works THROUGH you. Every positive thought, idea an inspiration you have is a message from God. Some people hear the message and act on it, others just ignore it. When you feel passionate and excited about something (like I am with teaching and speaking), it is God’s way of telling you that this is your purpose and mission in life. Again, some people hear this calling and act on it. Many others ignore and deny their passions, and end up in a job they hate, simply because they feel that they have ‘No choice’. Do they really have ‘no choice’ or are they simply letting their fear consume them and abandoning their faith? I believe that the greatest power our creator has given us is the power to choose. And every choice we make shapes our destiny. So, if God is in you and God works though you, then when I talk about thinking about your passion and designing your life around your passion, it really means that you are letting God lead you, through you. When you set your goals and live with passion, you are living in alignment with what God put you here for. God takes charge of your life by you taking charge of your life.
For example, I wrote all 360 pages of my book ‘Secrets of self made millionaires’ to change people’s lives, And I set the goal to be one of the best speakers in the world. But you know what? It was really God’s words that wrote the book and God’s will that I became a speaker. His message came through my feelings, intuitions and thoughts. It was really God’s plan, but I wrote it. He created me with this mission and this is my purpose for living.
In fact, why have I suddenly turned on this computer at 1.00am on a Friday morning and why am I typing all these thoughts down when I should be sleeping. Is this all happening by chance? Or is it God directing me to send this message for all of you to read? Something to really reflect on.
Unfortunately, I have seen so many people mis-intepret the meaning of ‘letting God take charge of your life’. They think that it means that they should not plan, but wait for something to plan it for them. Do they expect that one night while they are sleeping that an angel will appear in a ray of light and tell them that they should quit the job they hate and pursue their dreams? Will a booming voice from the skies tell them to start an online business or to invest in stock Options? don’t think so. Duh! I feel that many people who say this to themselves are just using it as an excuse to avoid responsibility for anything. They are simply living in fear and using God as their excuse.
In fact, I believe that by being lazy and not doing anything about it, you are doing God a disservice. You are not making use of the power and assets you have been given. You are not fulfilling your purse and mission on earth. See I believe that all of us were born to make a positive difference in the world. So, by not doing anything meaningful with your life, it is just as bad as harming the world. You are wasting this precious life you have been given! Although I am not a Christian, but I remember a very powerful story in the bible (I got an A1 for Bible knowledge in school by the way). In the parable of the talents, Jesus teaches about the need for all of us to use our God given talents. In this parable, a master had to go away on a long trip and wanted his servants to look after his property while he was gone. To the first servant, he gave 5 talents. Through his hard work, the servant doubled his talents to TEN. To the second servant the master gave 2 talents, This second servant also worked hard and doubled the two talents, To the third servant, the master gave one talent, For fear of losing his only talent, this servant buried it and hid it, When the master returned and found that he had done so, he called him a LAZY and WICKED servant and took his only talent and gave it to the servant who had TEN. So, if you sit on your ass and do NOTHING with the god given passion and potential you have been given, then everything you have will be taken away from you and be given to those have achieved wealth and success.
He said that his religion advocated that he should let God choose his destiny and lead his life. Whereas in my seminars, I teach people to take charge of their own lives and their own destinies. I teach people not to leave their life to chance but to have a plan for their future. I teach people to make full use of their potential and live life to the fullest. I always say that if you don’t have a plan for your life, then someone else (like your boss or friends) will have a plan for you. And you will probably fall into somebody else’s plan. (And I don’t think other people have anything good planned for you).
Because of his strong belief and faith in God, he says that he does not feel the need to set goals or to take charge of his life. God will give him the answers ‘one day’. And all the bad stuff that is happening to him is God’s will and beyond his control, so there is nothing he can do about it.
First of all, let me first say that I myself am a very firm believer of God and believe alot in the power of faith. In fact, I have found that the more successful and wealth I have become, the more spiritual I have become as well. When I was young, I never believed that God existed. I thought that since it was not something scientifically proven nor something I could see, it was probably all made up in people’ minds. However, through the years, I have become a VERY firm believer in God for a few reasons. First, as I started to think about the complexity of the universe, nature and the human body, it dawned on me that there was NO WAY that everything could have happened by chance (e.g. the fact that every single cell/organ/tissue in the human body performs a specific function working together in a symbiotic relationship). Everything that we take for granted, from the intricate veins of a leaf to the ventricles in the human heart had to be designed by a creator.
The second reason is that when I look back at my life and reflect on all the events that have led up to now, it seems too coincidental that things have happened by chance. Everything (even the awful painful stuff) seems to have happened for a particular reason. For example, if I had never had screwed up my PSLE and ended up at the bottom of my school, I would never have found the need to learn about NLP and about the Psychology of Success. If I had never learnt about NLP, then I would not be as successful as I am today .I would never have been able to write all my books and created my life changing programmes and I would not be able to help thouands of people every year change their lives. It seems that this is my purpose and my mission from God and that everything that has happened was part of a divine plan.
Well, then doesn’t this contradict my own teachings about taking charge of one’s life and planning your own destiny? Absolutely NOT. In fact, it is totally in alignment. Let me explain.
See, I believe that God is a force that exists in all our hearts and within every single cell of our body. He is not some old man with a white beard sitting on a throne one billion light years above the clouds. As such, God works THROUGH you. Every positive thought, idea an inspiration you have is a message from God. Some people hear the message and act on it, others just ignore it. When you feel passionate and excited about something (like I am with teaching and speaking), it is God’s way of telling you that this is your purpose and mission in life. Again, some people hear this calling and act on it. Many others ignore and deny their passions, and end up in a job they hate, simply because they feel that they have ‘No choice’. Do they really have ‘no choice’ or are they simply letting their fear consume them and abandoning their faith? I believe that the greatest power our creator has given us is the power to choose. And every choice we make shapes our destiny. So, if God is in you and God works though you, then when I talk about thinking about your passion and designing your life around your passion, it really means that you are letting God lead you, through you. When you set your goals and live with passion, you are living in alignment with what God put you here for. God takes charge of your life by you taking charge of your life.
For example, I wrote all 360 pages of my book ‘Secrets of self made millionaires’ to change people’s lives, And I set the goal to be one of the best speakers in the world. But you know what? It was really God’s words that wrote the book and God’s will that I became a speaker. His message came through my feelings, intuitions and thoughts. It was really God’s plan, but I wrote it. He created me with this mission and this is my purpose for living.
In fact, why have I suddenly turned on this computer at 1.00am on a Friday morning and why am I typing all these thoughts down when I should be sleeping. Is this all happening by chance? Or is it God directing me to send this message for all of you to read? Something to really reflect on.
Unfortunately, I have seen so many people mis-intepret the meaning of ‘letting God take charge of your life’. They think that it means that they should not plan, but wait for something to plan it for them. Do they expect that one night while they are sleeping that an angel will appear in a ray of light and tell them that they should quit the job they hate and pursue their dreams? Will a booming voice from the skies tell them to start an online business or to invest in stock Options? don’t think so. Duh! I feel that many people who say this to themselves are just using it as an excuse to avoid responsibility for anything. They are simply living in fear and using God as their excuse.
In fact, I believe that by being lazy and not doing anything about it, you are doing God a disservice. You are not making use of the power and assets you have been given. You are not fulfilling your purse and mission on earth. See I believe that all of us were born to make a positive difference in the world. So, by not doing anything meaningful with your life, it is just as bad as harming the world. You are wasting this precious life you have been given! Although I am not a Christian, but I remember a very powerful story in the bible (I got an A1 for Bible knowledge in school by the way). In the parable of the talents, Jesus teaches about the need for all of us to use our God given talents. In this parable, a master had to go away on a long trip and wanted his servants to look after his property while he was gone. To the first servant, he gave 5 talents. Through his hard work, the servant doubled his talents to TEN. To the second servant the master gave 2 talents, This second servant also worked hard and doubled the two talents, To the third servant, the master gave one talent, For fear of losing his only talent, this servant buried it and hid it, When the master returned and found that he had done so, he called him a LAZY and WICKED servant and took his only talent and gave it to the servant who had TEN. So, if you sit on your ass and do NOTHING with the god given passion and potential you have been given, then everything you have will be taken away from you and be given to those have achieved wealth and success.
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