The iPhone 4

You can't always just earn money or save money but not spend money! You have to be smart about saving, you have to be smart about spending too!

I have recently bought an iPhone 4 and it is only cost me less than $300 while the original price are $859!

How I did it?

I have a 3GS before and decided to give it to my friend's brother! in return I am using my friends phone which is a 3G phone, and at the same time I am trying to sell that 3G phone for him!

Found a buyer that willing to paid $300 for it! and my friend paid me $260 for my 3GS phone! in total I received $560!

I found the phone online ( similar like eBay ) and bargain with the seller and  he agree to sell it to me for $850

Do the calculation people :)

My new toy!

The Patient

Sometime it is just so frustrating, everything I do just doesn't seem working, like I am stuck in a big black hole and going nowhere! That is why I haven't been bother to update or even sign on to my blog lately; because I just can't bear it, take a note that I might be frustrated but it doesn't mean I am giving up.

Two week ago I went to Bunnings Warehouse and got myself some nice looking rock and seeds, instead of looking for thing to buy and resell; I thought I might as well just make it.

For almost 10 days I have been taking really good care of my little P$ANT and give them plenty of water and sun, but nothing seem happened at all, at first I thought I fail, the seed just die on me! But 4 days later ( that following 4 days I just didn't pay much attention to that anymore ), I suddenly saw some green coming out! I was surprise with joy.

Lesson that I have learn for doing that: plant your seed well and you will get your reward! All you need is a little faith and patient! Yay ~ I am back in business!

The interest rate

You work hard for your money, so in return your money should work hard for you too! But how?

Well, you need to do your homework and the easiest way to let your money work hard for you is to put it in a bank that offer high interest rate!

Institution Product Maximum Interest Rate p.a. Standard Variable Rate p.a. Pay Anyone¹ 24/7 Phone Support² UBank USaver 6.51% 6.01% Y Y ANZ Online Saver 4.50% 4.50% Y Y Bank of Queensland WebSavings Account 0.01% 0.01% Y ($0.65 fees) N Bankwest Smart eSaver 6.00% 4.50% N N Bankwest TeleNet Saver 6.15% 4.50% N N Commonwealth Bank NetBank Saver 6.00% 4.50% N Y ING DIRECT Savings Maximiser 6.25% 4.90% N Y Macquarie Bank Macquarie Cash XL 4.50% 4.50% Y N RaboDirect High Interest Savings Account 6.40% 5.00% -- -- St George Bank Directsaver Account 6.15% 4.60% N Y Suncorp Bank Everyday Options Sub-Acc 4.75% 4.75% Y Y Westpac eSaver 6.00% 4.25% N Y nab iSaver 6.00% 4.25% N Y

Information accurate as at 17 September 2010. Source: CANSTAR CANNEX 


You don't have to be royal to your bank! Whoever offer you the highest rate just go for it. I was with ING before but now I am UBank customer. They even provide you a saving calculator that will show you the period of year you need to save to reach your goal.

So - what are you waiting for? Does your bank let your hard earn money work hard for you? If the answer is no...you know what to do!

The update...Again

September quick update:

Nokia phone holder $20
Vase $3
Necklace $10
Bracelet $8 X 3 = $24
Amethyst Cluster $13
Wallet $10
Business plan $20

Total money made by selling my junk  $1,239

Not too bad huh ~

Note: You might be wondering what  is the business plan, actually that is my "homework" ,

Lesson: If you know how to market your product well, you will get a sale no matter what you sell! So be creative! =)

The Secret

"The Secret" is the first book I ever finish reading, and I even watch the DVD too.

 

This is the first cheque I wrote to myself in 2009, "hoping" I will be able to make a million dollars at the beginning of 2010, it sort of my 2009 new year resolution. 

It seems like just yesterday that I wrote the cheque, but now it is nearly the end of 2010! I am not even 2% close to my goal!

That doesn't mean I am ever going to give up, today I have rewrite my cheque! This time I will make sure on 31/08/2011, I will have a million dollars in my bank account.

Believe in yourself! Be yourself!

                            

The Calculation

To be able to make a million dollars in a year time:

$ 1,000,000 / 365 days = $2739.73 a day = $114.16 an hour 

A CEO of a big international company might make that much of money a year, but how many CEO is there out there? Even a high pay lawyer or a doctor that earn more than $100 an hour won’t be making a million dollars a year because they won’t be working 24 hours a day.

It seems much easier for me to fly to the moon than to make a million dollars in a year time – mission impossible!!

Time length to make a million dollars for me:

• Example 1: If I make $20 an hour (Less in real life *sigh*)

$1,000,000 / $20 = 50,000 hours

I work 40 hours a week = 1250 week

There is 52 week a year = 24 years (So it will be more than 24 years for me to be having a million dollars)

Note: example one is just pure income which exclude tax, bill, and expenses.

• Example 2: If I am able to save $1,800 a month (For some people, it is their full paid)

$1,000,000 / $1800 = 555.56 month = 46.3 Years

46.3 Years?!?!?!?!!!!!!! I don’t even know if I will still be alive by then, even if I am; what am I going to spent it on - Medication or hospital bill??

That is the reason why working for other people will never get you anywhere. 

What am I suppose to do now or what can I do to make a million dollars in a year time?

Ever think of a method call “doubling your money”?

If you have $100, can you turn that to $200, from $200 to $400, from $400 to $800 and so on until you hit a million dollars? It will only take you about 15 times to make $1,638,400; does it sound much better than 24 years or even 46.3 years?

How?

Well, if I know the answer, I will be the happiest man alive, but I will never give up, lot of research and never stop trying, I am sure it will get you there.

Quick update:

- Old toy $10

- Hair dryer $10

Total money made by selling my junk: Total $1,139