Welcome to the 106th Issue of Weekly e-newsletter by www.HousingLoanSG.com This week I like to share with you "Good Expense vs Bad Expense, what’s the difference?"
Good Expense vs Bad Expense
How do you spend your money? When I ask this question, some people actually had to think a while, because they don’t really keep track of what they spend money on.
Do you want to learn to Spend money and yet get Richer?
The Secret lies in only spending money on good expense and reducing/avoiding bad expense.
What is a Good Expense?
A Good expense is something you spend money on whereby:
1.Chance of recouping what you spent
2.Chance of making more than you spent
3.Improve you whether intellectually, mentally or physically
Last year I spent more than S$20,000 buying books and attending seminars. Was that a Good Expense or bad expense? Well, this year, because of some of the things I learned last year, I’m going to increase my income by at least S$150,000, so I not only “recouped” what I paid S$20,000 but made a 400% returns, and these books/seminars have improved myself intellectually and mentally.
What will the next 5 years be like for you?
Your future will change depending on the Books you read, the Seminars you attend, the People you meet and lastly but Most Importantly, the ACTIONS you take.
If you don’t change anything, guess what your future will be?
The Rich knows the “Secret” of Good Expenses, that is one reason why the Rich get Richer. The average person likes to spend on Bad Expenses, and wonder why are they not getting Richer...
Please go through your current expenditure items using the following 3 criteria and honestly tell yourself what are the Bad Expenses you currently have.
What is a “bad” expense?
- No chance of recouping
- No chance of making more than paid
- Addictive
- Bad whether it’s physically, mentally, intellectually
Now if there is a chance for you to learn from one of my BEST “sifu”, are you going to grab the chance? Last year I paid S$2,400 to attend a 4-day seminar by Mr Lin Wei Xian entitled “(Business) Venture Creation System” and I applied what he taught and created a NEW business which will bring in at least S$100,000 profits this year that is a 4000% returns on the S$2,400 I spent.
On 5, 6 and 7 Sep 2009, you not only have a chance to learn from my sifu Mr Lin Wei Xian (one of the World’s TOP Chinese Trainers) and also
3 other teachers, they are Mr Guo Teng Yi (Mr Lin’s Business Partner and a renowned speaker on Innovation and Creativity);
Ms Wu Juan Yu (Taiwan’s Renowned Trainer on Family and BusinessRelationship)
and lastly myself, Dennis Ng (yup, the only Singaporean speaker in this seminar, the founder of
www.HousingLoanSG.com and the Best Selling Author of “Mastering Your Personal Finance”, the First Bilingual Book on Personal Finance written in Asian context.
I paid S$2,400 for a 4-day Seminar by Mr Lin Wei Xian. This 3 full-day Chinese Seminar only costs S$698, and you can get
Special Price of only S$298 if you register and pay at this url: http://www.AsiaSeminarWorkshop.com/101-2.html S$298 for a 3 full-day Seminar,
or only S$12.42 per hour. (Imagine your children’s tuition might cost S$30 per hour, yet you only pay S$12.42 per hour!)
Reading this newsletter and learning about Good Expense and Bad Expense cannot make you Richer. The missing Link is “Action”, it is only if you take action and start “emulating” what I do, that you will become Richer. I’m a Real Life Example that what I share really works.
Note: above is just my personal opinion. This e-newsletter is not giving you advice.
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Just call us at 6737 8801 or email us at info@HousingLoanSG.com if you're considering to buy a property or refinance your Housing Loan, whether in Singapore or in Australia and you want to make sure you get "pre-approval" of loan before you commit your cash.
Cheers!
Dennis Ng on behalf of
6737 8801 or 6339 9255
Copyright year 2009, LEVERAGE HOLDINGS PTE LTD