Cyza Sector » Rambling

7 Methods to Choose to be Rich

zaki — Thu, 01 Mar 2012 16:52:32 +0000

Everybody wants to be rich!!! But do we have the strength and the right attitude to be filthy rich? Everybody wants to have an extra income to pay for study loans, car loans, house loans, credit card debts, have a better live and enjoy a vacation on a beautiful island. There are various ways to accumulate wealth but behind them, there are many obstacles we need to overcome. It all depends on our mental strength and perseverance. Here are some of my own experiences and some tips/comments on generating wealth:

(1) I used to do some direct selling when I was studying. I sold phone cards, air line tickets, calligraphy art and some others which I barely remember. The money was good and I enjoy managing the business.

(2) After graduating, I got a job and my younger brother introduced me to a great opportunity on earning 5 figures income a month. It was a multi level marketing (MLM) or direct selling business (Passive Income). Being green, I was excited and joint him, learned the business and expanded my organization together with my girlfriend (now, she’s my beloved wife). We spent a lot of time and invested a lot of money on the education and training programs/seminars in order to build the business. We met tonnes of people, prospecting one after another. However, after getting married, our down-lines falls apart and the group slowly collapse! We were so disappointed and frustrated. After that, I joined another company, with the same ambition, to be financially free. But, it did not last. Until now, I’ve joint more than 10 MLM companies but i failed to do the business. At this moment, I realized that, I’m not fated to do this kind of business. Presently, whoever approached me for this type of business, I have to be completely honest with them that I’m no longer interested. I don’t fancy meeting up with people and explaining some business plan or products. No…Not anymore….

(3) Then I noticed one more way of being financially free. But, I guess, it’s already too late for me. I wish I was introduced to it at the moment after I graduated. Being an insurance agent/financial planner is a good career which can lead to great wealth. I saw many youngsters becoming a part time insurance agent/financial planner while still studying and working. They don’t have to spend any money, instead they enjoy the commissions and benefits plus bonus from collecting their customers insurance premiums. This career requires us to do aggressive prospecting, just like doing MLM business, which I do not prefer now.

(4) Robert Kiyosaki and his property success opened my mind for a real estate business. It is a very exciting and expensive industry. I learned and read a lot to be able to be rich from the property business. However, I don’t have the financial fire power to kick start my realty empire. Perhaps, later, after accumulating an adequate financial ability, I may be blessed with the opportunity to join the property market, I hope so.

(5) Bored of “Just Obeying Boss” (JOB) and limited monthly salary, I always consider starting my own business. I occasionally chat with some close friend at work about the possibility of starting our own business. But, what type of business? Do we have the capital to run the business? Are we mentally strong to develop and grow the business? As a university graduate, what will people say if I open a car wash center or a small trading business? Am I capable to work long hours until late night to sustain and ensure the survival of my own business? If the business is not doing well, how am I going to feed my family and pay my staffs salary? Those questions always haunted me and I know I’m not capable of facing those challenge. There are too much risks and commitment! Is it worth it for me?

(6) What about the potential of internet business? There are some people who tasted the glory and success of their internet business. This type of virtual business won’t require us to deal directly with a lot of people. However, having zero IT and internet background (accept for browsing website and reading emails), I need to learn all the tricks and secrets to succeed in it. I read somewhere that having an internet business, patience must be our prime trait. Internet business will grow very slow but surely speed up later with some hard work and dedication. It has an exponential growth effect. There are a lot of internet businesses to try: affiliate marketing, selling your own product online, developing a successful website providing certain niche product or service, selling some space for advertisement, running a blog like this and some others. Presently, I’m running a number of blogs and websites (I’m still developing the websites). I hope I can do some on-line affiliate marketing as well and soon have my own unique product to sell. I need to continuously learn and be updated with current softwares, techniques and approaches available. It can be very rewarding. I hope I can earn a descent income from it.

The good side about internet business: I can stay at home or conduct the business anywhere as long as there’s internet line, business operation world wide 24-7, flexible time, no need to deal, persuade or involve directly with people like MLM or insurance/financial planning business.

Some tough side of internet business: Really require hard work in front of the monitor or laptop, you strain and stress your eyes, a lot of stuff to learn (especially for non-IT people like me), some commitment will be there if you run a newsletter or a blog where loyal readers wait to read your content, we have to compete with millions and millions of site and blogs in the net, income generation is low initially but will grow with consistent effort (it’s a matter of time).

(7) Last but not least, stock investment. This is one area I’m beginning to try my luck in. I’m educating myself by reading books, surfing related sites as well as discussion with experience colleagues and brokers. A friend of mine began investing in the stock market last year with initial investment of MYR7,000. A year later, he has accumulated MYR70,000! His achievement has inspired me to indulge in the business. I’ve injected MYR2,000 and I’m going to allocate another MYR3,000 next week. My target is to gain net profit of at least MYR500 minimum monthly. In a year, that will be at least MYR6,000. Well, That’s just minimum, I’m hoping to get more than that. I know it’s a very risky step but I’m willing to take the challenge.

Conclusion: Those 7 ways are just part of various methods to become rich in this world. They are just based on my opinion and experience. Hopefully, you can learn and benefit from it and feel free to explore other ways to become financially free.

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Get BlackBerry Bold 9900 Smartphone with 1Malaysia Book Voucher

cyza — Thu, 02 Feb 2012 11:23:27 +0000

I just collected the 1Malaysia Book Voucher few days ago and today, while having an early breakfast at Ruby Cafe (in my faculty) + reading Harian Metro with my other half, I stumbled upon the cartoon below. It is interesting, funny, sarcastic and meaningful. What if such situation really happen in our country?

I bet, a bunch of students will rush to the nearest book store and exchange the RM200 book voucher with the new Blackberry Bold 9900 (the model is mentioned for example purpose only). Imagine MPH bookstore or Badan Book Store or whatever book store launched such a spectacular offer!

But, don’t ever dream of this to happen…haha… This is just a joke! If you have the 1Malaysia Book Voucher, please use them wisely. Buy books that are going to be useful for you and your self development. I plan to buy a self or personal development book myself. Also don’t forget to bring your matric card or student identification card when using this voucher.

If there is a book shop that can trade the voucher with a cool BlackBerry Bold 9900 like this, who can resist? The cartoon was taken from today's Harian Metro.

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Is the target for Cyza Sector Realistic?

cyza — Sat, 28 Jan 2012 13:56:31 +0000

As I’m writing this entry, I only have another 22 minutes remaining to stay online using the pin that was provided to my wife (as a participant in a workshop in this hotel). At the same time, it is half time clash of the FA cup battle between Manchester United and Liverpool. Currently it is 1-1.

I have the luxury of time to think about my career and online business while monitoring my kids in the swimming pool. I managed to maintain something like USD300-400 per months in 2010 from my blogs. All has been achieved via my part time blogging activities. It’s not that much compared with other champions out there, but for me, it is a pocket money to buy stuffs. The problem then is the drop of income in 2011. I wonder why? What happen? This is what I have been analyzing. I don’t want 2012 to repeat the income misery of 2011. The year 2012 should be better and I have set certain online targets for me to achieve.

I haven’t written down all those target officially yet. However, the rough idea is in my head. Maybe I can share one of the target which is related to this blog. The rest I will reveal progressively. Is it too much or illogical if I say I want to target to earn $1000 per month from this blog alone? I plan to achieve this in January 2013.

What do you think?

OK, gotta continue watch the football match. See ya later tomorrow…

Update: Oh! What a sad day. Manchester United lost to The Reds. It’s OK. Life goes on…

Guess What Is This & What Does It Mean?

cyza — Wed, 25 Jan 2012 11:50:46 +0000

I’m quit busy to day and I don’t have all the time in the world to blog….haha… Early in the morning there was already some sort of faculty award event and then I have to make a battle against myself to to some research work. Well, you know after 4 days of Chinese New Year break, it is not easy to start work with full momentum. Actually I don’t want to say that I’m busy, but that’s the actual fact. So, just to fulfill my personal quota of the day, it is my honour to show something to you guys today. Check out the photo which I snapped just now from my Samsung Galaxy ~~Note~~ Ace just now.

What do you think it is? What does it mean to me? What does it mean to you? Some of you may already know what this picture indicate. Some of you will smile and some will be confuse… haha… I don’t care…just say it loud what do you think it is.

By the way, dont’ forget to blog for this blog “Cyza Sector” in the World Blogger and Social Media Awards 2012. So far Cyza Sector has received 10 votes!!! Wow… I’m really touched and I would like to thanks all of you who have kindly voted for my blog. Please let me know. I can return you the favour too.

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Vote Me for Upcomming Blogger of the Year Award 2012

cyza — Sun, 22 Jan 2012 13:03:04 +0000

I got to know about this from Earncent just now and I think why don’t I try my luck. I’m not targeting to be awarded but I just want to get the blogosphere exposure. I think it would be useful for my semi-professional blogging career. Hence, I registered myself in the Social Media Week first to vote for earncent (titan), then asked a favour from a friend to nominate Cyza Sector in one of the categories.

What does this mean to Cyza Sector?

It is a real honour if you vote my blog – “Cyza Sector“. It will also boost my motivation to blog and serve better quality content. I know this is a personal blog mixed with various stuffs from tech review to own chanting. I strongly believe if you vote me, I can also improve my Alexa rank and other rank as well. It will also expose me to new potential readers. I would like to make new friends via this blog.

Status so far…

So far, I have zero vote. I’m not that popular yet and I was just nominated. I hope some of you can be kind enough to vote for me. It means a lot to me.

How to vote Cyza Sector?

1. Visit Social Media Site: World Blogger and Social Media Awards 2012
2. If you click the above link, you’ll be directed to the page where Cyza Sector is nominated.
3. However, before you can vote, you need to register yourself first. This will take less than a minute and you need to verify your registration.
4. Then, please click to the “Upcoming Blogger of The Year” category.
5. Search for Cyza Sector (http://cyza.us) blog.
6. Click “vote”.

Thanks for voting Cyza Sector. I really appreciate your kind effort very much.

Cyza Sector » Rambling

7 Methods to Choose to be Rich

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