URGENT: SBL Exam Guidance for Dec 2018 Exams

EVERY SUCCESS IN YOUR DECEMBER 2018 EXAMS

Change is the only constant.

Kasturi Core lecturing team has now moved to 2 new locations.

Please see my facebook  click HERE for urgent SBL exam guidance as speaking and mixing with marking team members really provide insight on how to generate optimum score and ...PASS.

ALSO have sent AAA exam answers for your optimum preparation. 

https://www.facebook.com/MarcusOng88

83% PASS RATE vs 51% World's Pass Rate : ACCA-Oxford Brookes Graduates!

Heartiest Congratulations! 

Talented you all are.

Full time office professionals, yet have the time to research and submit projects to Oxford Brookes - ACCA University Degree. Amazing determination.

Proud of your Achievement.

Your determination has surpassed the World's Pass Rate at 51% vs my 83% pass rates.

Quick! Apply for Multi Nationals for Finance position with an eye out for Business Development Manager positions. Gives you the First Mover Advantage over others who receive their ACCA Results soon.

It is very challenging to submit a Research Project, let alone working, spouse and children to take care.

Yet, you all made it.

Well Done!

Mentoring support services since 2003, at Oxford Brookes-ACCA collaborating inception with hundreds of graduates I have supported.

You need to choose Approved Mentors by Oxford Brookes. I have to take a vigorous Entrance exams and scored 90% for it.  I know, I know... it should be 100% but time is of essence. Just want to get the certification from OXB.

If you like more information on the Mentoring Services, I could be reached at

marcus_ong88@hotmail.com 

or see my Social Media pages at

https://www.facebook.com/MarcusOng88

https://www.instagram.com/marcusong8/

WHY (LOWER) MIDDLE CLASS CANNOT GET RICH?

- relevant to careful entrepreneurs and wealth planners.

Also visit FACEBOOK : Unmistakable Marcus Ong




Pic 01: Trap in your OWN home, locked by loans

The majority of middle-class wealth is locked up in unproductive assets or assets that only become available upon retirement or death…(Pic 01)

   

 Pic 02: Little fund for fantastic investments. 

 Pic 03: insufficient fund to own wonderful businesses like Apple, Facebook, Amazon, NetFlix, Google.

Few families [have] the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals. (Pic 02 and 03)

The limitation on middle-class wealth isn’t just the total net worth of each family; it’s also how their wealth is allocated: The vast majority of most middle-class family wealth is locked up in the family home or retirement funds…

The majority of the wealth held by the bottom 90% of households is in the family home, i.e. the principal residence. Other major assets held include life insurance policies, pension accounts and deposits (savings).

What characterizes the family home, insurance policies and pension/retirement accounts? The wealth is largely locked up in these asset classes.

Yes, the family can borrow against these assets, but then interest accrues and the wealth is siphoned off by the loans. Early withdrawals from retirement funds trigger punishing penalties.

In effect, this wealth is in a lockbox and unavailable for deployment in other assets.

Majority income earners fund their house-occupied installments and car installments which accounts for majority of 60% to 80% of their Net Pay. This leaves little or no income opportunity to invest in Revenue Generating Assets such as Stock Market, Properties to rent out or Business ventures. 

Take 2 Scenarios of Adam and Benjamin. Both are married with 1 child. Their spouses are working too with combined income RM12,000 per month.

TABLE 1

Adam - Buys and Stay in House	Column1
Investing in Home Occupied Asset	Monthly Cashflow
Combined Income	RM12,000
Tax and Pension contribution	-RM1,800
Loan: House/Condoimium worth $600,000  Installements	-RM5,500
Loan: Honda Civic worth 120,000 Installements	-RM1,800
Food and Utilities	-RM2,500
Net fund for Investment	RM400
Year Cash savings	RM4,800
20 years Net Present Value	RM67,200
Invest in Stock Exchange over the 20 years period assuming 6% Returns	RM49,862
TOTAL RETURNS	RM117,062
House at Present Value	RM600,000
Total Wealth	RM717,062

 TABLE 2

Benjamin - Rents an Apartment	Column1
Investing in Revenue Generating Asset	Monthly Cashflow
Combined Income	RM12,000
Tax and Pension contribution	-RM1,800
Rents an Apartment	-RM1,500
Loan: Honda Civic worth 120,000 Installements	-RM1,800
Food and Utilities	-RM2,500
Net fund for Investment	RM4,400
Year Cash savings	RM52,800
20 years Net Present Value	RM739,200
Invest in Stock Exchange over the 20 years period assuming 6% Returns	RM548,486
	RM1,287,686

Table 1 above shows Adam has only net savings of RM400 per month. After 20 years, he only has RM117,000 available investment fund and  family's wealth is RM717,000.

Contrasts with 

Table 2, Benjamin rents a nice condominium. This frees up resources to invest over 20 years amounting to 739,000 which is regularly invested in Business Income Generating activities.

 

Column1	Column2
Difference in wealth between Benjamin and Adam
Adam	RM717,062
Benjamin	RM1,287,686
Difference	RM570,624
Benjamin is wealthier than Adam by almost 80%	79.6%

 Verdict: Table 3 shows that Benjamin has almost 80% more wealth than Adam, a vast difference of over RM570,000.

Compare these lockboxes and limitations with the top 1% in society, which owns the bulk of business equity or Stock Market assets. Business equity means ownership of businesses; ownership of shares in corporations (stocks) is classified as ownership of financial securities…

 

 Pic 04: Why the rich gets richer? Read the above book. Very educational and transformational to your life.

      

The mean value of business Stock Market Shares are concentrated in the top 10% of families… while the value of the biz equity held by the bottom 90% has flat-lined. (pic 04)

Assets either produce income (i.e., they are productive assets) or they don’t (i.e., they are unproductive assets). Businesses either produce net income or they become insolvent and close down. Family homes typically don’t produce any income (unless the owners rent out rooms), and whatever income life insurance and retirement funds produce is unavailable.

 

 Pic 06: Seriously? Wealthy when approaching the grave?

This is the key difference between financial-elite wealth and middle-class wealth: the majority of middle-class wealth is locked up in unproductive assets or assets that only become available upon retirement or death - You are only wealthy when approaching death? Is that good planning? See Pic 06

The income flowing to family-owned businesses can be spent, of course, but it can also be reinvested, piling up additional income streams that then generate even more income to reinvest.

No wonder wealth is increasingly concentrated in the hands of the top 5%: those who own productive assets have the means to acquire more productive assets because they own income streams they can direct and use in the here and now without all the limitations imposed on the primary assets held by the middle class.

KEY SUMMARY 

1. Don't let your fixed income get locked in non-revenues generating assets. Rent an apartment. 

2. Educate yourself on how to set up business and invest in Stock market which is a form of owning businesses

3. Don't limit yourself and be contented with Fixed Income salaries for the next 30 years. You won't have enough to retire

the most important lesson: 

4. Seek out business opportunities that doesn't eat up your investable fund. Seek intellectual and marketable knowledge and generates income. 

 

 Most important lesson - Pic 07: Invest in Revenue generating activities. 

Donald Trump once said that if he loses everything ie bankrupt, he will venture into network marketing. 

Seek out world class company to partner with to do your business with little or no financial risks. 

What are they? 

You can contact me at marcus_ong88@hotmail.com to find out. 

 Source:
Charles Hugh Smith, 2017

"I am not a salesperson." Really?

- related to working professionals who are in a hurry to increase their income. 

In my earlier article (CLICK HERE) , I mention the importance to strategically position yourself to opportunistically generate more income including passive income.

To succeed Billionaires advised that you need this critical quality . Click HERE

Why should I be a salesperson? Too many Chartered Accountants are inward company focused. This is high risk approach as they are not increasing their personal value to company and not increasing their own income. HUGE MISTAKE!

However, many will say the above title . Let me debunk this myth and show you that you are truly expert salesperson.

Common objection- “I am not a salesperson!”

This is an objection I can personally relate to, as I have never been in sales. Yet, I personally witnessed many professionals and ordinary people become top sales people because of ONE Quality. It is the same quality that you practice everyday, unknowingly.

 
Pic 01: Are you a salesperson with Friends, Families, Business Contacts and Social Contacts (FFBC)? 


I’m not a salesperson
“Terrific! I’m not looking for salespeople! I’ve never been in sales before. I’m simply looking for passionate people, who when they love something they’ll share. We make recommendations every day for things that we love, though we never get paid for it.

 

 Pic 02: Job interview, what do you say?

When you go for job interviews, do you sell your skills? How do you project yourself? Likely you mention your experience, personal qualities on industriousness and perhaps qualifications.





Pic 03: Want to go movie?

    



When you want to convince friends to a movie, don't you sell the attributes of movie? The director, storyline, actors or the appeal of special effects. I am a Star Wars gig, I cannot stop telling you what the next movie is going to be. Will I be paid a commission?

Pic 04: Do I need to explain above?

When you see a potential marriage mate, don't you sell yourself? You put your best behaviour - being a gentleman, kind, thoughtful.

Pic 05: Where is the best Roast Duck in town? 

3 days ago, a long time friend asked me to recommend a good restaurant. I did. You know what? He went with 17 friends to the place. Was I paid a commission by the restaurant? Yet I am a salesperson. 

Really, we are salespeople everyday except for one important missing ingredient. We are not paid commission when we promote a restaurant, movie, company or shopping website. That is really unfair.

I nearly fell off my chair when I discovered in USA Stock Exchange a company that encourages you to recommend their biotechnology and for it, the company has todate paid out US12.6billion! That is TWELVE Petronas Twin Towers & KLCC Mall. 

------

--

Pic 06: Can you imagine, a world leading biotechnology that already paid out TWELVE Petronas Towers and KLCC worth of commissions? There are more to come.

   
Yes, there is money on the table. Do you want to be paid by recommending its world leading biotechnology?  Or continue to be unpaid salesperson for other organisations? Well, the choice is really for us to think about, doesn't it.

So are you a salesperson? Of course you are! 

Just need to direct your salesperson habit to profitable passive income. Anyone buying IPhone X?

Pic 07: Why are you not buying IPhone X? You gotta to be mad not to.get this baby...(state selling points why your friends must buy it) 

There you go again...sales person talk.

Feel free to comment or inquire how you can generate multiple sources of income.

Stock Market Goes to the Moon - Should you invest in Stock Market?

Consistently, I encourage Chartered Accountants to be more entrepreneurial. Go beyond budgetting, forecasting, compliance accounting, tax submission work. To add value to company, hence your own income potential is to look for new investments.

 

Dow Jones in USA is at record high, over 23,000 index points. Yet, billionaire Warren Buffett with estimated worth USD73billion predicted it will go up another 4,000%. Insane?

 

Well, you need to look from his perspective in USA open and transparent level playing field economy. USA is home to over 70% of world's Largest companies like Walmart, Dell, Amazon, Home Depot, Reeboks and the list goes on.

Should you invest in stocks? Emphatically YES! But timing and required capital is needed.

Where to find businesses to build your capital?

What are the strongest qualities of a successful entrepreneur?

Look out in my next article.

To your Profitable Future, 
Marcus

+++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

Warren Buffett Predicting Dow 1,000,000 May Not Be So Insane

 

It would be hard to argue against anything Warren Buffett espouses on investing and markets. The legendary investor always has some sage advice and wisdom to pass along. Recently he said he thought the Dow industrials would reach 1 million in value in about 100 years. The Dow is at about 22,000 now.

Seems wild and outrageous, but on a compound basis it's really not farfetched, and actually might be too low! This prediction assumes about a 4.7% annualized rate of return, yet the industrials can probably do somewhat better than that.

"Whenever I hear people talk pessimistically about this country, I think they're out of their mind," Buffett said Tuesday in New York at a party celebrating the 100^th anniversary of Forbes magazine.
He pointed out the Dow was at 81 a century ago. It was first created in the late 1890s to represent a basket of 30 big American companies.

He noted that since Forbes created its first list of the 400 richest Americans in 1982 -- Buffett was worth just $250 million then -- some 1,500 different people have been included.

All with one thing in common.

"You don't see any short sellers," he said, according to Reuters.

Over 100 years, there are so many obstacles to overcome, but his point here is to stay with the markets, as they will rise over time. And while not many of us reading this today will be around if this comes true, milestones (even wild ones) are fun to discuss and wrangle over.

If there is one person whom we could believe in, it would probably be Warren Buffett. Let's take away from this his enthusiasm for investing in U.S. businesses, the finest and best in the world. Let's hope the generations that follow heed the advice to invest and stay invested, as these markets are tremendous wealth creators -- if you stay the course, like Buffett.

Source: https://www.thestreet.com/story/14317048/1/dow-1-million-in-100-years-maybe-buffett-s-forecast-isn-t-so-crazy.html