Two years ago, i when for a holidays in an island. In a good evening,
i when with my wife to the beach to watch the sunsets. Beside the
beach i saw another couple, who is busy transferring the fish from
their boat to the land. By curious i walk to them and say hi to them.
Me: Hi, nice catch today?
Fisherman: Ya, consider ok, normal day we can even get double of this.
Me: WOW, here at least you have 100kg, if double of this mean you can get 200kg.
Fisherman: Ya (returning a smile to me)
Me: It should give you all a good income.
Fisherman: Consider ok, around 100 bucks to 200 bucks per day.
Me: What? Only 100 bucks? So little? It is not worth then.
Fisherman: With that income, we can have a good life style here.
I
was thinking, maybe he is correct in a small village, what else can
they spend? Only 3 meal per days and some children expenses. 2nd days, i
meet them again sitting below a coconut tree with their 3 children,
having some meal while watching the sunsets.
Me: Hi, today no fishing?
Fisherman: Nope, the raining in the morning cause us not able to fish today.
Me: Have you ever think, to earn more income?
Fisherman: How?
Me: Maybe you can process the fish and make it into can food, then export them to others places.
Fisherman: It is difficult, and why did i need to?
Me: Difficult is difficult, but you can enjoy your life better.
Fisherman: You mean enjoying like sleeping under a coconut tree watching the sunsets with the family?
Me: Ya.
Fisherman:
I not need to work so hard to enjoy the life like that, cause i am
enjoying now. Each years 365 days. While if i go to process the fish and
make it into can food, and export them. I might not able to enjoy my
life.
That simple life philosophy open up my
mind, rich doesn't mean you enjoy your life, but poor doesn't mean they
don't enjoy. Sometime a big circle doesn't bring you to the thing that
you want. It will bring you back to your origin.
It is
always important to know what you want. Working 24 hours a days and 7
days per week also can make you rich, but is this what you want?
Sacrifice your nice car and big house now, buy them later, proceed with
buying few apartment for rental will also make you more rich after few
years.
It is always an art of delay your desire and get rich, is not hardworking and get rich.
Saturday, April 18, 2020
Friday, April 17, 2020
Student & Teacher
Teaching is another important skills in my life, teaching is one of the most effective method to improve my financial knowledge.
As what we know, teacher always had influence directly towards the success of a student or the mind set of a student. But today i will try to jump out from the traditional mindset. Our discussion here today is how a student influence a teacher life.
I will put in my comment on the different type of teaching and the different type of attitude in teaching will effect how many we can earn from the teaching process.
Different type of teaching
Attitude Towards teaching and learning process
Question come when i tell people teacher should learn from student, why?
We are leaving industrial age and jumping into information age. In the information age, our knowledge and education we get from our school would not last more than 5 years, if within 5 years you are not willing to learn and accept new thing will make you live in the stone age. Biggest change in the 2 age is:-
Today we saw a lot of youngster age below 25 had make their 1st million dollar, while there are more adult age above 50 still struggle in their financial, because the education that they receive had been lack far far behind, just like the stone age. Youngster who make million understand that with few clicks on their smart phone will make them million. Their curiosity and willing to accept something new, make their life much easier with the technology and changes around them.
Adult who do not willing to put down their ego and learn something new make their life difficult. The mind set of industrial age keep them set back, they still focus and involve more in politic and waiting for the government to support for their retirement age. Medical and welfare.
In traditional teacher do not have chance to learn from the student, but today we are different, student is the source to effect and create a successful teacher, not only in teaching but also in their personal life. It do not only apply to teacher but it apply to all professional, open up the mind and learn more from the others. Even the boss need to learn from their staff, that is the reason some company prefer fresh graduate, cause they want to learn from the new blood, new idea & new energy to push the team.
As what we know, teacher always had influence directly towards the success of a student or the mind set of a student. But today i will try to jump out from the traditional mindset. Our discussion here today is how a student influence a teacher life.
I will put in my comment on the different type of teaching and the different type of attitude in teaching will effect how many we can earn from the teaching process.
Different type of teaching
- 1 ways teaching
- Example teaching to a 8 years old boy, it is 1 way teaching because 8 years old boy don't give any comment or complicated question.
- In 1 way teaching the student is always ready to learn but teacher is not ready to learn.
- Teacher have the egoism that ready to teach but not ready to learn.
- 2 ways teaching
- Example teaching to a college student, student tend to have independent thinking and have better knowledge in challenge the information that they get from the teacher.
- Teacher will have a lot of chance to get some question or idea that required them to explore for additional information.
- In 2 ways teaching student create chances for the teacher to think and learn something new.
Attitude Towards teaching and learning process
- Open minded is important in the teaching process so that you can jump out from the traditional ways of education.
- Humble is another important attitude towards learning and teaching process, do not let the ego take over.
Question come when i tell people teacher should learn from student, why?
We are leaving industrial age and jumping into information age. In the information age, our knowledge and education we get from our school would not last more than 5 years, if within 5 years you are not willing to learn and accept new thing will make you live in the stone age. Biggest change in the 2 age is:-
- Industrial Age
- Company have the pension that pay for your retirement age
- Study hard, join big company and save as much as you can in the bank (cause bank is paying 12% to 18% interest to the saver)
- Bank loan only to the company, worker loan is from the company, which make them become worker forever
- Media is control by the government
- Worker is staying in the factory and estate
- Government promise a lot of medical and retirement care to the citizens
- Teacher is consider as highest class category citizens, citizens respect their teacher like how they respect the priest and monk
- Information Age
- Company do not required to pay for your retirement age
- Bank paying 0% to 5% interest but inflation rate average around 7% for the develop country
- Individual can easily get loan from the bank, with credit card they can get cash through bank machine. Personal loan approve within 1 hours and so on.
- Boom of .com era create thousand millionaire overnight.
- .com era also create thousand business collapse. (traditional business)
- Media is control by the public, with the technology and convenient of internet access worldwide, the news can spread within minute towards global.
- Money had become a very complicated that cause million having a live harder than industrial age worker
- Government paying their war debt cost the deficit grow bigger and bigger, promise they had in industrial age is realize with adding debt by print more money
- Thousand teacher do not earn enough had to go back to school to teach after 2, 3 years of retirement, they have to work with the salary lower than the normal teacher
Today we saw a lot of youngster age below 25 had make their 1st million dollar, while there are more adult age above 50 still struggle in their financial, because the education that they receive had been lack far far behind, just like the stone age. Youngster who make million understand that with few clicks on their smart phone will make them million. Their curiosity and willing to accept something new, make their life much easier with the technology and changes around them.
Adult who do not willing to put down their ego and learn something new make their life difficult. The mind set of industrial age keep them set back, they still focus and involve more in politic and waiting for the government to support for their retirement age. Medical and welfare.
In traditional teacher do not have chance to learn from the student, but today we are different, student is the source to effect and create a successful teacher, not only in teaching but also in their personal life. It do not only apply to teacher but it apply to all professional, open up the mind and learn more from the others. Even the boss need to learn from their staff, that is the reason some company prefer fresh graduate, cause they want to learn from the new blood, new idea & new energy to push the team.
Limited Resources Yet Wasted!
The most basic thing in every economy is the limited resources,
limited time, limited cash flow, limited natural resources, limited
land, and so on. The main reason of an economy fail is because of the
partial wastage in the resources. It same goes to the individual, we
always have the problem with not enough time, not enough money. The main
problem is because we waste most of them is not because we have lesser
time compare to the others, everyone have 24 hours per days. Not because
you earn lesser than others, on the other ways, you may realize that
the more you earn, the poorer you are. Try to compare your financial
today and 5 years back.
Let me show an example, our country Malaysia petrol RON 95 price RM1.90 today.
What do you think? It is cheap? It is expensive? Is this price alright with everyone in Malaysia? What will you think the suitable price? RM2.50? RM1.90? RM1.20? Assume the cost of the petrol RON 95 is around RM3.00.
If today I say RM2.50 is the correct price, majority of the Malaysian will spit at me or they will open their mouth big and look at me, are you crazy? If I say RM1.20 everyone will hooray!
Let us think in the point of economy, not on others, RM1.20 is just like giving people fish instead of teach them fishing. Everyone will just buy big car, since it is too cheap on petrol. I will think that will total waste and you will learn that, Malaysia will lose maybe 100 schools, 10 hospitals every years because the subsidy will go all to the petrol not others and many public transport company will close down.
It will not only on country economy, what about our individual financial? It will drive individual to put their limited money into purchases of motor vehicle, pay petrol, toll, car insurance and tax. The worst situation to some people is they do not know how to use their car in their advantage, which will be my next topic. Over subsidy will only give the people temporary good living style, but later in the year, people will need to pay the price. Over subsidy will consequence in the increase of the deficit more and more every years. Subsidy in petrol will cause people waste the limited resources, if you move on the road; you will see that most of the car is only driver alone in the car. We don’t fully utilize the resources that been subsidies to us.
What about the price is RM2.50? Let me put some imagination and assume in this situation. What I can see is maybe 10 universities, 10 hospitals every years and more public transport company will go up. Subsidy should go only to those taxi driver, flight company, and rural area for agricultural purpose so on. Put aside on the effect on the global warming. In a capitalist economy, Government should have minimal control over the private sector, but at the same time government can be a profit organization as well, how? By placing price of petrol RM2.50, people themselves will have to source for others transport to their working place, maybe they will not buying car, they will move closer to their working place, they will take car pool with their colleague, or maybe they will take public transport, it will cause increase in the demand of public transport, let the public transport develop by the private sector, at the same time, it decrease the subsidy amount, decrease government deficit, create more job opportunity in transport industry, let the private sector compete among themselves and focus more on training of the driver attitude, also at the same time increase the income of the government through tax. Subsidy can change channel to subsidies petrol only to the rural area, to develop agricultural industry, basic facility in rural area to increase their quality of life and you will see more private capital will be injected into rural area. In the end, you will see how the structure of petrol subsidy can change not only the economy, also may help in other aspect, like when more job opportunity been offer it will improve the criminal rate, improve the people independent and attract more private capital to develop more resources, especially in Malaysia with a lot of undeveloped land and lack of private capital in manufacturing industry. If those study Malaysia economy crash, simply because our share market is mainly support by the foreign investors, every time the foreign investor pull back the fund, the market will go down, just like what happen for the past 2 weeks.
People will still open their mouth big, saying I am government people. No benefit to individual, let us try to analyst. Individual have 2 main limited resources, time and money. How much time you waste in travelling with our own car every day? Rushing here and there trap in traffic, late for appointment. You have 24 hours a day, for kl people, most of us needed to waste at least 10% to 20% of our time on the road. Every individual in kl is force to buy a car; I use the word FORCE because without car you can’t go a lot of place, correct? Now decrease the subsidy might force you to move closer to your working place, but it force you to save more money. If we have a good public transport that can easily access to all area, will you still want to buy a car? Will you still need to buy a car for yourself, another for your wife, another for your son? Need to worry about car stolen, car parking, insurance, tax, petrol, toll and services? Maybe you just need a family car, instead of each person a car. How much money do you think you will save from this scenario? With the money you have you can have your own investment in share market, property, and live style. Again when this money goes back to the market on the capitalization purpose or purchasing power, it will have direct impact on our income and life style.
Whole mindset of the subsidy needs to be change, thinking in the others angle can change the nation. Focus more on our limited resources, stop wasting government subsidy can be one of our contributions to the country “since we can’t change the government decisions”. Above note is basically my idea, do not compare or debate it with any politician in our country.
Let me show an example, our country Malaysia petrol RON 95 price RM1.90 today.
What do you think? It is cheap? It is expensive? Is this price alright with everyone in Malaysia? What will you think the suitable price? RM2.50? RM1.90? RM1.20? Assume the cost of the petrol RON 95 is around RM3.00.
If today I say RM2.50 is the correct price, majority of the Malaysian will spit at me or they will open their mouth big and look at me, are you crazy? If I say RM1.20 everyone will hooray!
Let us think in the point of economy, not on others, RM1.20 is just like giving people fish instead of teach them fishing. Everyone will just buy big car, since it is too cheap on petrol. I will think that will total waste and you will learn that, Malaysia will lose maybe 100 schools, 10 hospitals every years because the subsidy will go all to the petrol not others and many public transport company will close down.
It will not only on country economy, what about our individual financial? It will drive individual to put their limited money into purchases of motor vehicle, pay petrol, toll, car insurance and tax. The worst situation to some people is they do not know how to use their car in their advantage, which will be my next topic. Over subsidy will only give the people temporary good living style, but later in the year, people will need to pay the price. Over subsidy will consequence in the increase of the deficit more and more every years. Subsidy in petrol will cause people waste the limited resources, if you move on the road; you will see that most of the car is only driver alone in the car. We don’t fully utilize the resources that been subsidies to us.
What about the price is RM2.50? Let me put some imagination and assume in this situation. What I can see is maybe 10 universities, 10 hospitals every years and more public transport company will go up. Subsidy should go only to those taxi driver, flight company, and rural area for agricultural purpose so on. Put aside on the effect on the global warming. In a capitalist economy, Government should have minimal control over the private sector, but at the same time government can be a profit organization as well, how? By placing price of petrol RM2.50, people themselves will have to source for others transport to their working place, maybe they will not buying car, they will move closer to their working place, they will take car pool with their colleague, or maybe they will take public transport, it will cause increase in the demand of public transport, let the public transport develop by the private sector, at the same time, it decrease the subsidy amount, decrease government deficit, create more job opportunity in transport industry, let the private sector compete among themselves and focus more on training of the driver attitude, also at the same time increase the income of the government through tax. Subsidy can change channel to subsidies petrol only to the rural area, to develop agricultural industry, basic facility in rural area to increase their quality of life and you will see more private capital will be injected into rural area. In the end, you will see how the structure of petrol subsidy can change not only the economy, also may help in other aspect, like when more job opportunity been offer it will improve the criminal rate, improve the people independent and attract more private capital to develop more resources, especially in Malaysia with a lot of undeveloped land and lack of private capital in manufacturing industry. If those study Malaysia economy crash, simply because our share market is mainly support by the foreign investors, every time the foreign investor pull back the fund, the market will go down, just like what happen for the past 2 weeks.
People will still open their mouth big, saying I am government people. No benefit to individual, let us try to analyst. Individual have 2 main limited resources, time and money. How much time you waste in travelling with our own car every day? Rushing here and there trap in traffic, late for appointment. You have 24 hours a day, for kl people, most of us needed to waste at least 10% to 20% of our time on the road. Every individual in kl is force to buy a car; I use the word FORCE because without car you can’t go a lot of place, correct? Now decrease the subsidy might force you to move closer to your working place, but it force you to save more money. If we have a good public transport that can easily access to all area, will you still want to buy a car? Will you still need to buy a car for yourself, another for your wife, another for your son? Need to worry about car stolen, car parking, insurance, tax, petrol, toll and services? Maybe you just need a family car, instead of each person a car. How much money do you think you will save from this scenario? With the money you have you can have your own investment in share market, property, and live style. Again when this money goes back to the market on the capitalization purpose or purchasing power, it will have direct impact on our income and life style.
Whole mindset of the subsidy needs to be change, thinking in the others angle can change the nation. Focus more on our limited resources, stop wasting government subsidy can be one of our contributions to the country “since we can’t change the government decisions”. Above note is basically my idea, do not compare or debate it with any politician in our country.
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