How Tze 浩知

“If you are selling a product that really doesn’t provide much value (even, though, you make some nice profit selling it) then you are NOT making someone’s life better. And, ultimately, your business will lose you just don’t realize it yet. If you are selling some program or money making system that doesn’t really work or only 1 out of 1,000 people (if they’re lucky) make money with it then you are NOT making someone’s life better. If you are sending out emails to your list that are mainly just promotions for other products then you are NOT making someone’s life better. If you’re too focused on making YOUR life better with the money you will make from your business, the odds are good that you aren’t making people’s lives better with what you do. And the ironic part is, this will keep you from making a lot of money. Your business must be built around truly making people’s lives better or you are, ultimately, doomed to fail online. Write that down. NOW.” - John Reese

You'll never win the game if you don't know the rules of the game you are playing / being played. How the Fractional Reserve Banking "Money Multiplier" Works Under a 5% "Fractional Reserve" requirement, most banks can loan out twenty times the amount of their actual capitalisation . This amounts to money that is not theirs. For argument's sake, let's just say that you go to your bank with a $5,000 deposit. All the rest of your money has gone out in taxes, and you want to buy a $105,000 house. The bank asks you for the property title (mortgage) and your personal guarantee to secure the deal. The bank uses these instruments and your $5,000 deposit as security in order to borrow the extra $100,000 either from the central bank or offshore bankers. The bank pays the old house owner $105,000, which consists of $100,000 borrowed by the bank (see below), and the $5,000 you deposited with the bank. You move into your new house. Over the course of the next yea...

金鱼缸是用来养金鱼的。 如果要养一支鲨鱼，用金鱼缸是不可能的： 怎么进去 ？ 鲨鱼的体积与活动度，只有大海才容纳得下。

This interesting story, told by Leonard Merrick, is written in simple, beautiful English. I hope you would like it. Two strangers meet in a café. Outside, a hurdy-gurdy is playing an old-time popular song. A tear trickles down the face of one of the two strangers. "What's the trouble? Sad memories?" "Yes." "Do you mind telling me about it?" "Not at all . . . Many years ago I met a beautiful young lady at this very same café. And on that occasion, we heard this very same song . . . I fell in love with the lady . . . And now, whenever I hear this song, my heart is oppressed with sorrow, and the tears come to my eyes." "Poor fellow, so she jilted you." "No, my friend, she married me."

High net worth individuals exposed Generally, only the high net worth individuals, who are serviced by private banking consultants flying in from Singapore, would have had opportunities to invest in sophisticated products which are issued by the American financial institutions to raise funds to finance their own activities. According to industry officials, thanks to the tight restrictions by the Securities Commission (SC) and Bank Negara Malaysia (BNM), the retail investors have limited access to the sophisticated structured products. “Due to the stringent regulation by BNM and SC, sophisticated structured products and investment tools such as derivatives or bonds that are linked to foreign companies are not made available to retail investors,” said an official who is a wealth management consultant. “The high net worth individuals would have got expsoure to such products through their investment accounts overseas and also from their private wealth management consultants,” said the offi...

First fear, then loathing, toward Wall Street Crisis sparks anger over executive salaries, lax regulation For Ebels, who lives in Falmouth, Mich., it’s also especially galling that people like him, who are already suffering from the weak economy, will now end up footing the bill for these chief executives’ mistakes. “ All (the bailout has) done is transfer all the indiscretions of all these people onto the shoulders of the taxpayers ,” he said. ...... As Americans digest a dizzying series of events that has left Wall Street shaken to its core, the mood on Main Street is shifting from fear to loathing. They are angry that government regulators did not do enough to prevent this — and protect them — in the first place. They are upset the government is proposing billions of dollars in bailouts for Wall Street, even as many regular Americans are struggling to hang onto their homes and pay their bills. They also are livid that massive financial firms in which they trusted took wild risks an...

How Long Till You Earn Your First Million? If you know that Hollywood's top stars can earn $20 million per film and that the average time to shoot a movie is six months, you won't be surprised to see that their paychecks make the average person's income look minuscule in comparison. In fact, if these celebrities worked standard 8-hour workdays, it would take them less than seven days to earn $1 million. In all likelihood, the little people -- aren't making that kind of money. In fact, it will take some people their entire careers to cross the million-dollar mark even once. Here are 30 jobs with earnings anywhere from below minimum wage to six-figure salaries and how long it would take to earn $1 million in terms of hours, eight-hour workdays and years: http://msn.careerbuilder.com/custom/msn/careeradvice/viewarticle.aspx?articleid=1425&;SiteId=cbmsnsl41425&;sc_extcmp=JS_1425_spotlight&GT1=23000&cbRecursionCnt=1&cbsid=c4db081b8c444352aff263cd895ce53b-...

http://articles.moneycentral.msn.com/RetirementandWills/EscapeTheRatRace/JustHowRichIsRichReally.aspx How to define wealth In short, how you -- and I mean you, personally -- determine what constitutes wealth depends on your expectations. A million bucks, wisely invested, will yield an income of about $40,000 a year, if you follow the financial planning rule of thumb that says you can only draw income equal to 4% of your assets (a must if you're not working and want to be sure your money lasts as long as you do). That's comfortable, but hardly rich. Carole started out saying she really didn't want to be rich. But when I pressed her to clarify what her desired not-really-rich lifestyle would look like, she ticked off the following: A two-bedroom home in downtown Manhattan. A car (and a garage to go with it). Between $200,000 and $500,000 in savings. $500,000 in her retirement accounts (which is about 10x what she has now). A couple of getaways per year. " So although I ...

The perfect storm of a global recession The probability is growing that the global economy - not just the US - will experience a serious recession. This looming global recession is being fed by several factors: the collapse of housing bubbles in the US, UK, Spain, Ireland and other euro zone members; punctured credit bubbles where money and credit were too easy for too long; the severe credit and liquidity crunch following the US mortgage crisis; the negative wealth and investment effects of falling stock markets (already down by more than 20% globally); the global effects via trade links of the recession in the US (which still counts for about 30% of global gross domestic product); the US dollar's weakness, which reduces American trading partners' competitiveness; and the stagflationary effects of high oil and commodity prices, which are forcing central banks to increase interest rates to fight inflation at a time when there are severe downside risks to growth and financial s...

Some info catched my eyes: 16th Sept 2008 About $700 billion evaporated from retirement plans, government pension funds and other investment portfolios. On Tuesday, the Federal Reserve pumped an additional $70 billion into the financial system to help ease credit stresses http://www.tribune-democrat.com/local/local_story_259235622.html or search "About $700 billion evaporates from retirement plans" in Google for other sources. What happens if you begin taking a financial advisor's advice at 25 and at age 65 you find out your financial advisor was giving you bad advice? You can't take your ruined financial life back to the financial advisor like you can take your broken car back to the mechanic. http://howtze.blogspot.com/2008/07/mechanics-and-financial-advisors.html That is one of the reason why mutual funds are slow http://www.corporatejourney2u.com/howtze/ht_mutualfundsareslow.html * This does not mean mutual funds are not good investment. For most people, mutual f...

Madagascar 2

“eBay 是大海里的鲨鱼，淘宝则是长江里的鳄鱼，鳄鱼在大海里与鲨鱼搏斗，结果可想而知。 但我们把鲨鱼引到长江里来，在长江真正的老大是鳄鱼。” 阿里巴巴创办人马云分析自己能打败 eBay 为自傲地陈述。

At some point in our lives, most of us have borrowed too much. If you're in over your head, don't despair. But make no mistake: You must learn to live on what you earn. First, stop making excuses about why you're in debt. Don't blame the credit card companies or your parents. Put that energy into reducing your debt. (See " Solving money problems .") http://articles.moneycentral.msn.com/SavingandDebt/ManageDebt/Your5MinuteGuideToManagingDebt.aspx