Showing posts with label simplelife. Show all posts
Showing posts with label simplelife. Show all posts

Simple life


simple-life
Hey girls....

simple-life
You wanna this....

simplelife
Ask him, when he's done...

Is this simple life proposition possible?

Kerja terus sampai mati


Jikalau tak mahu, save, save, save, invest, invest, invest. >> Compounding magic!

kerja-terus-sampai-mati
Klik pada gambar untuk besarkan imej

Kerana.....


So learn, Rules of 72.

Most successful dividend investors

Dividend investing is as sexy as watching paint dry on the wall. Defining an entry criteria that selects quality dividend stocks with rising dividends over time and then patiently reinvesting these dividends while sitting on your hands is not exciting. While active traders have a plethora of hedge fund managers on the covers of Forbes magazine there are not many well-publicized successful dividend investors. Even value investing has its own superstars – Ben Graham and Warren Buffett.

I did some research and uncovered several successful dividend investors, whose stories provide reassurance that the traits of successful dividend investing I outlined in a previous post are indeed accurate.

The first investor is Anne Scheiber, who turned a $5,000 investment in 1944 into $22 million by the time of her death at the age of 101 in 1995. Anne Scheiber worked as an IRS auditor for 23 years, never earning more than $3150/year. The one important lesson she learned auditing tax returns was that the surest way to become rich in America is by accumulating stocks. She accumulated stocks in brand name companies she understood and then reinvested dividends for decades. She never sold, in order to avoid paying taxes and commissions. She also never sold even during the 1972-1974 bear market as well as the 1987 market crash because she had high conviction in her stocks picks. She also held a diversified portfolio of almost 100 individual securities in brand names such as Coca-Cola (KO), PepsiCo (PEP), Bristol-Myers (BMY), Schering Plough (acquired by Pfizer in 2009). She read annual reports with the same inquisitive mind she audited tax returns during her tenure at the IRS and also attended annual shareholders meetings. Anne Scheiber did her own research on stocks, and was focusing her attention on strong franchises which have the opportunity to increase earnings and pay higher dividends over time.

In her later years she reinvested her dividends into tax free municipal bonds, which is why her portfolio had a 30% allocation to fixed income at the time of her death. At the time of her death, her portfolio was throwing off $750,000 in dividend and interest income annually. She donated her whole fortune to Yeshiva University, even though she never attended it herself.

The second investor is Grace Groner, who turned a small $180 investment in 1935 into $7 million by the time of her death in 2010. Ms Groner, who worked as a secretary at Abbott Laboratories for 43 years invested $180 in 3 shares of Abbott Laboratories (ABT) in 1935. She then simply reinvested the dividends for the next 75 years. She never sold, but just held on to her shares.

She was frugal, having grown up in the depression era, and was the classical millionaire next door type of person who was not interested in keeping up with the Joneses. Grace Groner left her entire fortune to her Alma Mater. Her $7 million donation is generating approximately $250,000 in annual dividend income.

The reason why dividend investors are not highly publicized is because dividend investing is not sexy enough to be featured in the financial mainstream media. In addition to that, it is not profitable for Wall Street to sell you into the idea that ordinary investors can invest on their own. Compare this to mutual funds, annuities and other products which generate billions in commissions for Wall Street, despite the fact that they might not be in the best interest of small investors.


The third dividend investor is Warren Buffett, the Oracle of Omaha himself. In a previous article I have outlined the reasoning behind my belief that Buffett is a closet dividend investor. He explicitly noted in his 2009 letter that "the best businesses by far for owners continue to be those that have high returns on capital and that require little incremental investment to grow". His investment in See's Candy is the best example of that.

Some of Buffett's best companies/stock that he has owned such as Geico, Coca Cola , See's Candy are exactly the types of investments mentioned above. He has mentioned that at Berkshire he tries to stick with businesses whose profit picture for decades to come seems reasonably predictable. Per Buffett the best businesses by far for owners continue to be those that have high returns on capital and that require little incremental investment to grow. In addition, his 2011 letter discussed his dividend income from all of Berkshire Hathaway investments, including his prediction that Coca Cola dividends will keep on increasing, based on the pattern of historical dividend increases.

In this article I outlined three dividend investors, who managed to turn small investments into cash machines that generated large amounts of dividends. They were able to accomplish this through identifying quality dividend growth companies at attractive valuations, patiently reinvesting distributions and in two out of three cases maintaining a diversified portfolio of stocks. These are the lessons that all investors could profit from.

Taken from: http://www.dividendgrowthinvestor.com/2012/06/most-successful-dividend-investors-of.html

dividend-investor
bursa-dividend.blogspot.com

80 20 rules


Can you understand what it is? 
If not, ask google, yahoo, bing.
Understand this, you'll get simplelife.







All images belong to its rightful owner, let me know if I cant borrow.

Rat race

I'm off this track... good luck to my friend who are still on the track!

simplelife

rat_race

For sure, if you don't stop racing, you will die in the race. I've seen people slum on the money while counting business proceeds and unfortunately was no longer with me. Ask ourself, is that what we want?

p/s: My friends may want to check these BOOKS.

Be nice to an old lady

simplelife
This is not Mary...

Why? Yea we should be nice to all people, not just old lady. Because they may be one that will leave you something. Yes to simplelife! The power of "spent little and lived in a basic Manhattan apartment" and "lived modestly and volunteered at a hospital and schools" I guess she had a very meaningful life!
Rest in peace, Mary McConnell Bailey!

NEW YORK: A shy New York woman whom no one took to be wealthy left a shockingly happy surprise when she died: US$20mil in donations to the city's libraries and main park.
Mary McConnell Bailey lived modestly and volunteered at a hospital and schools, before dying at 88 last year, the New York Post newspaper reported Tuesday.
Now, the Post says, it emerges that the New York Public Library and Central Park Conservancy recently received checks from her estate worth US$10mil a piece.
"You would have never known" she was rich, the Post quoted her former best friend and neighbour, Lizanne Stoll, as saying. "When we went to lunch, it was usually Dutch," she said, meaning everyone paid for themselves.
The library's top donations official told the newspaper he'd met the unassuming Bailey often, but couldn't remember her voice. "That's how soft-spoken she was."
According to the Post, Bailey came from a wealthy family and moved to New York in the 1940s, then inherited a fortune. However, she spent little and lived in a basic Manhattan apartment. - AFP 

I just wanna a simple life



More people are walking away from wealth and embracing a simple lifestyle, among them the son of a billionaire.
IT’S time for New Year resolutions again – when the ‘enough of the rat race – I’m burnt out’ groan is oft-repeated and Malaysians sigh about not having the courage to leave stable, conventional jobs to follow their hearts.
However, for those who have taken the leap for the simple life, there’s no turning back as they ditch their branded suits and hi-tech gadgets, dictated by needs not wants.
While the choices may seem radical to some, those who have done it report happier and more contented lives. Indeed, snubbing materialism for a more meaningful life is more common these days than you think.
Perhaps the most prolific is Ven Siripanyo, the son of T. Ananda Krishnan, Malaysia’s second richest man with an estimated wealth of US$9.9bil (RM30bil) according to Forbes’ latest list of wealthiest people.
The Buddhist monk who grew up in London, walked away from his father’s multimedia empire at age 18 after he was ordained in Thailand. In a YouTube video posted on a Buddhist website, Ven Siripanyo, sharing his early experiences, says “the most valuable thing we can do is to make our minds peaceful.”
His father, nicknamed AK, is the man behind two telecommunication companies Maxis Communications and Measat Broadcast Network Systems (Astro) and three communication satellites orbiting the earth.
Like Ven Siripanyo, electrical engineer-turned-businessman Kenny Ng, 51, too walked away from the concrete jungle five years ago, uprooting his family from Penang to embrace life as an organic farmer in Chenderiang, Perak.
“My engineering business was profitable but it was a hectic lifestyle filled with constant pressure,” he shares.
“My wife and I were looking forward to changing our lifestyle, having been influenced by Dr Lai Chiu-Nan, the founder of the ‘Lapis Lazuli Light’ philosophy of a simple life.
“Now, we enjoy ourselves every day as we have more time for each other and the nature that surrounds us. Life is good. I believe I’ve made the right decision. I’ve not bought new clothing for myself in the last seven years and am still using a Nokia 1280 handphone which I guess is obsolete now,” he laughs.
His two daughters, who are pursuing their tertiary education, are equally supportive.
“I have some reserve put aside for their education and my wife and I do not need much,” says Ng, a caving enthusiast whose conviction on sustainable living brought him back to the basics.
After volunteering at an organic exhibition, he was hooked. Convinced that answering his new calling was a noble thing to do, Ng sold his engineering and trading company in 2007 to buy a 1.4ha plot of land in Chenderiang where he started his Green Wish Vegi Garden.
A vegetarian, Ng started with zero farming knowledge. He never even tried growing a potted plant in his garden!
Working on a farm is hard labour but for Ng, it’s double the effort because he started farming from scratch. Besides producing organic vegetables and fruits, Ng also runs eco-farm tours and homestays to raise public awareness on sustainable living.
He says there aren’t many challenges in farming as he is not ambitious about making a profit. “I’m just aiming for a financially sustainable farm.”
Like Ng, lecturer Rozana Hamid Merican, 38, dreams of one day owning a sustainable organic farm which would house an interfaith and learning centre.
“I cannot just be learning and teaching about sustainability and faith and not live by it,” she says.
The former lawyer remembers shocking and disappointing her father with her decision to leave the legal profession.
“It was difficult to walk away because standing up against injustices and inequality was very much what I wanted to do from a young age. When I finally made it, there was a sense of disconnectedness.
“Those in the legal fraternity were selling me the idea of intellectual property law as it was the ‘in thing’ and where the money was. It took me a while and a lot of courage to quit because my parents had paid for my legal education which I knew took a toll on them, plus I had slogged hard for my Certificate of Legal Practice,” she recalls.
Scared and confused, not knowing what to do next, she worried about her depleting savings but decided to leave it to fate. Her mother was always supportive and her father came around eventually.
“My friends are a mixed bags of marbles – some of them still think I’m a loser but my close friends were supportive and believed in me,” she shares.
A double masters holder, Rozana is currently pursuing her doctorate.
“I’m more focused on the things that matter – the bigger picture. And I’m slowly letting go of things that I don’t need and channelling my energy into sustainable living and understanding the essence of Islam which is love, compassion, justice and equality. Materialism is something that I’m slowly but surely removing from my life,” she says.
Rozana insists that her values have not changed despite the different lifestyle. Trading in her suits for simple cotton tops, sarongs and slippers, she often rides a rickety old bicycle on errands.
“I’m still the same but with little extras now which I attribute to the blessings of experiences, learning, people, animals, plants and everything around me.
“I’ve never been a person who puts money, luxury and branded stuff as goals. There’s not been a moment of regret for me. I am happy and I don’t look back at the past because it’s gone,” she says matter-of-fact.
The only material luxury she holds on to these days are her smartphone and a second hand compact luxury sportscar.
She says her 19-year-old Honda Integra was purchased at a very reasonable price and served her purpose when she worked as a lawyer.
“I was travelling quite a bit on the highways then and the car’s road handling is good,” she shrugs.
For Penang-born journalist Sharon Cheah, leaving her full-time job in Singapore after being with the Business Times for nine years, was necessary for her “family, a bit of sanity and to regain some sense of balance”.
Feeling burnt out, she decided to pack up and return home. At the end of her three-month resignation notice period, the company proposed a part-time arrangement for Cheah to write from Penang which she accepted. The new arrangement allowed her to work on her pet project – a travelogue that was left on the backburner for “far too long”.
Cheah, 43, embarked on the legwork for the travelogue in 2007 covering thousands of kilometres by car, train and plane through the country’s 13 states. She had initially intended to complete her book within a year while holding down a full-time job. One year eventually stretched to five before the 231-page travelogue was published some five months ago.
“It (journalism) sounds glamorous, but there are pressure cooker moments (which was every week). It’s a rat race for sure in Singapore – work dominated much of my time. I now have a bit more leeway over my time which is something I’m grateful for and am now very used to.
“Switching to the part-time arrangement allowed me to really focus on writing ‘Malaysia Bagus! Travels Through My Homeland’.
“Writing isn’t lucrative at all, except for a lucky few, so one really has to have a passion for it. (But) it was a goal I’d set for myself and I was so indebted to all those who’d helped me that I would be forever guilty if I didn’t complete the book,” says Cheah, who now leads a simpler life with a “bit more (personal) time but also less money”.
She says one can’t compare the ‘then and now’ quality of life as it’s all about adjusting and trade offs but laments not being able to volunteer as often for Habitat for Humanity.
“I don’t like travelling for the sake of it. I usually pick a country I haven’t been to before, and then organise a team of people to go and build a house there under the auspices of Habitat for Humanity.
“It costs the same as if I went on a holiday but I haven’t been on a Habitat for Humanity trip since 2009,” she says.
Vihara Buddha Gotama abbot Ven Dhammavuddho (Mahathera), 65, had just been promoted by the Public Works Department when he decided to renounce all worldly possessions.
The Universiti Malaya engineering graduate worked in the civil service for 12 years until he had saved up enough to make sure that his parents had a home to live in and were taken care of.
“I didn’t just wake up one day and decide to be a monk. I stumbled upon Buddhism at age 29, and it was like a jigsaw puzzle coming together. I knew then that I wanted to be a monk but it was only six years later that I fulfilled my life’s purpose because it was frightening to think that I would have to give up not just everything I own but also all worldly pleasures I was used to as a bachelor,” he says.
Though he was the youngest of eight siblings, Ven Dhammavuddho was the first to graduate. Understandably, his parents had great expectations and he was especially close to his mother.
“When I told my mother of my intention to be a monk, she told me to wait until her death. My father was shocked – his eyes were red as tears welled up. He could not understand why someone with a bright future would just give it all up,” he recalls.
He admits it wasn’t easy. One day you are somebody holding a respected post, and the next you are a nobody relying on the goodwill of others for something as basic as food. But the decision is one that he is now at peace with.
“I don’t see giving up my engineering job to be a monk as a sacrifice at all especially when I see friends my age still struggling to discover the meaning of life.
“As an engineer, I was contented in a worldly sense but inside, I was still searching. Now I’ve found my purpose in life,” he shares.
In 1998, he founded a 6ha forest monastery in Temoh, Perak. He notes that these days, dharma talks and meditation sessions are seeing younger attendees.
“More youngsters are seeking answers as opposed to a mainly older crowd previously. But listening is one thing, letting go is another.
“Ultimately, regardless of which religion you embrace, it’s about striking a balance between worldly duties and spiritual pursuits.
“Be careful that you are not too caught up in the rat race until you are too busy to ask yourself what’s important in life,” the abbot who has written several books advises.
He warns of the danger of leading a “careless life” as worldly things are fleeting and in the end, it’s the wealth inside that matters.
“Most of us live for ourselves but life’s greatest joy can only come from acts that benefit others”.
Source: thestar

Things An Identity Thief Won't Tell You

Former identity thieves confess the tactics they use to scam you.

Check your bank and credit card balances
at least once a week.
I can do a lot of damage in the 30 days between statements.

Credit cards have an embedded chip
and require a PIN, which makes them a lot harder to hack. Here, I can duplicate the magnetic stripe technology with a $50 machine.

If a bill doesn’t show up when it’s supposed to
, don’t breathe a sigh of relief.
Start to wonder if your mail has been stolen.

You throw away the darnedest things—preapproved credit card applications
, old bills, expired credit cards, checking account deposit slips, and crumpled-up job or loan applications with all your personal information.

If you see something that looks like it doesn’t belong on the ATM
or sticks out from the card slot, walk away. That’s the skimmer I attached to capture your card information and PIN.

Love that new credit card that showed up in your mailbox
. If I can’t talk someone at your bank into activating it (and I usually can), I write down the number and put it back. After you’ve activated the card, I start using it.

From Reader's Digest Magazine

The starting point

Everything on this earth got a start point. So this is it!

What they say...

Silver