Wisdom of Rich Dad

In conjunction with World Children’s Day, Hartamas Shopping Centre (HSC) and Yuber, which provides child training services, organised the Kids Marketplace recently to encourage the entrepreneurial spirit in youths.

The highlights at Kids Marketplace included the Kids Entrepreneurship contest, Cashflow 101 for Kids Challenge, workshops by Yuber and a green bazaar.

A total of 39 teams comprising 78  youngsters participated in the Kids Entrepreneurship contest for the chance to win holiday packages, Yuber scholarships and the grand prize of an Asus Notebook.

Participants  who were grouped under the junior (aged 8-12) and senior (aged 13-18) categories competed for the Best Display, Most Creative and the Most Promising Young Entrepreneur Awards.

The Most Promising Young Entrepreneur, in particular, were judged based on creativity and leadership skills, as well as the ability to make the most profit from an undertaking.

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What do the rich and famous have in common that others are missing?

Dr. Denis Waitley, shares the answer from his broad knowledge in self-development, high performance and personal success that he has gained from helping Super bowl, Olympic Champions, NASA astronauts, the US Army, foreign governments as well as educators and youth groups around the world.

Waitley, the bestselling author of The Psychology of Winning and The Seeds of Greatness, says the secret behind the successes of famous names such as Steven Spielberg, Walt Disney, and even William Shakespeare is passion.

He saves some other examples:

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The Four Steps to Building Your Personal Brand

Step 1: Think of yourself as an “embedded entrepreneur.” Embedded entrepreneurs have a different mindset; they come up with new solutions to company problems and new ideas to fuel future growth. They understand what makes them unique and use that insight to navigate a profitable and fulfilling path within their company and over the course of their career.

Step 2: Develop an understanding of your talents and strengths — and those of your current or potential boss. Find what you’re naturally good at so you can develop your strengths regardless of what field or position you’re in. Then develop an understanding of your “consumer’s” talents and strengths — those of your current boss or the hiring managers within your industry, for example.

Step 3: Determine the positive aspects of the environment you and your consumer share. For example, an organization’s environment could be a can-do attitude, a specific expertise, or a relentless pursuit of creativity. Understanding your talents, your consumer’s talents, and your shared environment is crucial to building your brand, because your talents must mesh with and make sense within your environment if you are to be effective.

Step 4: Articulate your Purpose, Point of View, and Principles (the “Three Ps”). They are guides to how you will deliver your brand using the appropriate tactics.

In his book The Coming Jobs War, Gallup Chairman Jim Clifton makes the bold claim that political and business leaders pay far too much attention to innovation and far too little to cultivating talented entrepreneurs. They’ve got it backward, Clifton says. To create jobs, leaders must understand that great, thriving business people matter far more than great ideas, which are a dime a dozen.

Because of his extreme optimism, his unstoppable determination, and his incredible energy, Wayne Huizenga is able to build hugely successful enterprises.

One of my favorite entrepreneurs is Wayne Huizenga. He has had, in my opinion, three humble business ideas in his career.

When he was a garbage collection manager, he decided to build his own trash collecting business. That was a bad idea because the world didn’t need another trash collection company. Trash gets picked up pretty well. But nevertheless, he built his own trash collection business. And he turned it into a great multibillion-dollar worldwide organization, a Fortune 500 company, and a leader in environmental sustainability that was profitable and valuable to its customers, a great place to work, and an international powerhouse. You have heard of it: Waste Management, Inc.

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If you’ve stumbled across this site, then you’re probably interested in how to be financially successful. However, it is worth bearing in mind that being successful within this field does not simply involve ‘getting rich’. Often, it is more a case of ‘staying rich’ – something which can occasionally prove to be a more difficult prospect. Here are a few top tips for how to help you manage your money, once you’ve made it.

Think carefully about the areas in which you are happy to spend your hard earned cash. Even if you do not feel the need to worry about the money which you are spending, it can still be a good idea to work out a budget. This will mean that you will need to consider where you are currently spending your money, like on credit cards found on lovemoney.com and may cause you to re-evaluate your spending. This can be a great way to keep track of where your money is going.

You may also want to think about making investments. This is a great way to make sure than you see a return on any financial savings which you may have. These days, you can buy and sell stocks and shares via the internet, whilst checking your emails or playing games online. Alternatively, you could think about purchasing bonds, or putting your savings into a high-interest ISA.

Lastly, it is important to remain pro-active if you want to carry on earning at your current rate. Think about how you can make your money go further in terms of your business. If you’ve had a taste of success, then it’s important not to simply sit back and become complacent. Remain focused and dedicated if you want to continue to enjoy financial rewards in the long run

Considering retirement savings when you are twenty-something is a concept that seems so far into the future, it is almost unreal. Most twenty-somethings are busy finishing school, paying off student loans or saving for a little slice of the American Dream.

Especially today, when college is expensive, jobs aren’t that easy to come by and most Americans are worrying about keeping their head above water, the last thing most young people are worrying about is saving for retirement.

The Scary Truth About Generation Y and Retirement

Generation Y is a general term used to define the group of people in society under 30, who are just entering the workforce and starting to pave their way towards a career.

Every generation has a different view on work, life and the world. This view is often largely molded by the environment and society.

According to CNBC, more than 50% of those in Generation Y have not started to save for their retirement. It seems that while this generation does know the importance of saving money and is very aware of the state of the economy, this fact has not changed the general view on saving for retirement. Many young adults are of the opinion that they can start saving later in life so they won’t worry about it now.

We live in an age of immediate gratification. The immediacy of everything from music to cash has created a generation that lives for now, rather than prepares for later. While this philosophy on life is one view, it can be dangerous when it comes to planning and saving, specifically for retirement.

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