2016 is over. Today is the first day of 2017. So exciting!
My daughter and I decided to learn something today from a great Malaysian guy who is traveling the world teaching people how to make money online and his name is Peng Joon.
Personally I have listened to Peng Joon live in Malaysia but now I want my daughter to learn eventhough she is 11 years young. As we always say, it is better for our children to be exposed at a young age than start to learn about money only when they work.
So, we played a short video from Peng Joon about making money online and we learn some important practical points.
1. Now business is about The Information Business. In other words, you and I can sale information. Peng Joon started by selling PDF books about online games, even games that he never played and does not know how to play. Hmm...Interesting!
2. Anyone Can Do It! We learned that we don't have to be the expert in a particular subject but we can use the knowledge and skills of the experts. In other words, we focus on marketing those trending ideas and products and marketing is a learned skills. Anyone can learn marketing skills. My daughter agrees.
3. Insane Margins. Developing online business is as simple as having a laptop and internet. That is how Peng Joon puts it and he is right. You can work from the comfort of your home or Starbucks. Oops no coffee for children:)
The information for sale has no price tag. It all depends on how much value we put into the information and that leads to insane margins. I hope we got this right.
4. Automated income. Once you set your products and information online the whole world has access to it. Imagine that when you go to sleep in a particular country, people are just waking up in another country in other time zones. That is awesome. Even if you have a retail shop in a major shopping mall, your shopping hours are limited to shopping mall hours. But that is not the case for online shopping.
5. No Limit. Peng Joon pointed out that there is no limit to the amount you can earn online. Sounds great but of course there is work involved.
What is important is that it can be done. Many people are already making good income online and it looks like it is our turn. My daghter agrees. Do you?
This is how an 11 years young girl, Odelia, answer the question.
"There are many reasons to why money is important. These are three reasons why money is important.
Number one, you can buy things that benefit you in life, for example, water, food and clothes.
Number two, you can buy transportation, like a car or a motorbike.
Number three, you can also buy stuff that aren't really necessary but you like it like dogs, cats, hamsters and etc.
Money can really be beneficial to our well being."
This is a cute one. Feivel is only 4 years old and his answer is simple; "Good". Enjoy:)
While doing some reading online, guess what I found out about the rate of bankruptcy in Malaysia. Below is taken from New Straits Times article on November 17, 2015.
KUALA LUMPUR: Approximately 22,663 Malaysians under the age of 35 were declared bankrupt from 2011 to Sept 2015.
Read More : http://www.nst.com.my/news/2015/11/112007/almost-23000-young-msians-declared-bankrupt-within-five-years?d=1
This is serious. What could be the main reason for bankruptcy? Most probably, the youth are not trained and educated on money management. The education system does not teach on this important subject. Most of the parents do not talk to their children about money management.
It is time to change.
"Is money important?" was one of the questions we asked the students between the ages of 8 to 16 years old in a private school in Malaysia. Out of 200 students, almost half raised their hands in agreement that money is not important.
Remember, these are students from a private school. The parents definitely need to pay for their education. So how come they think that money is not important?
Because money is not a subject of discussion at home and at school.
So the big question is, when are these students going to learn about the value of money? When are they going to learn about managing money and being a smart consumer?
We strongly believe that the earlier they learn the better. Look at our society. Youngster are getting in credit cards debts and they are stuck in it.
Anyway, after spending about three hours talking to the students, we saw that their thinking started to change.
We emphasized that money is important but what is even more important is what we do with the money. Money is not the end in itself, money is just a tool!
We started conducting LifeSeries workshops 2 years ago but we decided to keep a low profile. I am glad to finally made the move to start the series at a new level of commitment. One of the main reason for this good move is the fact that Coach Olivia has become part of the team.
Olivia comes with a great experience. She practiced as a litigation lawyer for 7 years and then joined the banking industry for 8 years. Yet, she started having this dream of training and imparting life practical knowledge and skills to the young generations.
Olivia noticed something during her career when interviewing young people for a job, Many of them had good academic results but they had no life skills. Many had no interpersonal skills. Many had no problem solution skills. Many had no direction in life. Many were just jumping from one job to another. This bothered her especially looking at her own daughter and son growing up. She started thinking that must be a better way to impart life skills like creativity, character building, communication, leadership and even money management to young generations.
That is how, LifeSeries was born. Thank God for the vision that God gave to Olivia.