Thursday, May 21, 2009
Be Still and Know That He Is GOD
STILL by Hillsong United
Hide me now
Under Your wings
Cover me
Within Your mighty hand
When the oceans rise and thunders roar
I will soar with You above the storm
Father you are King over the flood
I will be still and know You are God
Find rest my soul
In Christ alone
Know His power
In quietness and trust
When the oceans rise and thunders roar
I will soar with You above the storm
Father You are king over the flood
I will be still and know You are God
Thursday, April 02, 2009
Testimony From A Happy Client
March 31st, 2009
IPP Financial Advisers Pte Ltd
Mr. Stephen Mok
78 Shenton Way #10-01
Singapore 079120
Dear Stephen
I just had to write to thank you for your outstanding advice and service. In the USA, I had always taken complete control over my healthcare coverage and did not seek anyone’s advice. When I contacted you for insurance, I was shopping for price. You gave me a good price but insisted I upgrade to full hospitalization because I had a family now and should no longer ‘self insure’. As you recall, I fought you on this decision. Well, you convinced my wife and once you had her, you convinced me.
Six months later, when our daughter Anna fell from the monkey bars and broke both bones in her arm, we took her to the best private hospital and got her the best Mayo Clinic trained hand and wrist specialist. Today you cannot even see where the pins were put in and her arm… it’s perfect. That was a $14,000 bill we would have paid if we had not listened to you.
This February, 3 years later, I ripped out my
THANK YOU! THANK YOU! THANK YOU!
You could have taken the ‘easy sale’ but you went the extra mile to convince us we needed more coverage. We are so blessed you did that for us. In the dictionary under the word “Professional”, they should put your picture.
God bless you Stephen. You are a financial angel with wings of wisdom.
Your friend for life,
Michael Podolinsky CSP
PS: Your big gift for Anna after her accident and your personal visit and gift to me in the hospital was most appreciated and above and beyond the call of duty.
Friday, January 30, 2009
Secrets of the Millionaire Mind Money Management Method
"Secrets of the Millionaire Mind" MONEY MANAGEMENT METHOD by T. Harv Eker
Wealth Principle 1: The habit of managing your money is more important than the amount
Wealth Principle 2: Either you control money or it will control you.
Wealth Principle 3: Until you can handle what you have got, you won't get any more!
Financial Freedom Account 10%
Open a separate bank account designated your Financial Freedom Account.
Put 10% of every dollar you receive (after taxes) into this fund.
This is for investments and buying / creating passive income streams
The job of this account is to build a golden goose that lays golden eggs called passive income.
It is NEVER, NEVER, NEVER spent, only invested.
When you retire, you get to spend the income(eggs), never the principal(goose).
In this way, it keeps growing and you will never go broke!
Create a Financial freedom Jar at home & deposit money into it everyday (create a savings habit)
Play Account 10%
One of the biggest secrets to managing money is balance.
On one side you need to save as much money as possible so that you can invest it & make more money.
On the other side, you need to put another 10% into a play account, because we are holistic in nature.
You will not feel guilty when you spend and not feel fulfilled when you save.
This play account is to nurture or pamper yourself with luxury.
It rewards you and makes managing money a lot more fun and strengthens your "receiving" muscle.
Long Term Savings for Spending Account Account 10%
Impulsive buying is one of our weaknesses that many of us have experienced with regret.
Whenever we see a great advertisement of a great holiday getaway, we are tempted to go for it.
The problem is that we did not set a budget for it in the first place.
You need to put aside another 10% into this LTSS account just for you to spend in future.
This account is for you to buy a big ticket item like a new kitchen, wardrobe, a new car, a family holiday.
Education Account 10%
Education is often neglected even though we know deep down inside that we must grow all the time.
Upgrading our skills and knowledge should not be left to employers sending their employees for courses.
We must take responsibility for our own personal development by setting aside funds just for it.
Save 10% of your income into this Education Fund to pay for self improvement programs.
This is for your personal development account for buying books, CDs, DVDs, attend seminars
Give Account 10%
"Givers gain" philosophy
You will feel much better when you give money away to those who need it most.
Giving 10% or more shows you trust God for his providence and is a barometer of your faith.
This is for you to give away for charity, the poor in your area, your tithes and offerings.
Necessities Account 50%
Most people spend all the income on necessities and luxuries. Leaving little for the other 5 accounts.
Capping our necessities to 50% will create a balanced money management habit.
This account is to pay for mortgage, insurance policies, family expenses
Poor people think it is all about income, they believe you have to earn a fortune to get rich but the fact is if you manage your money following this program, you can become financially free on a relatively small income. If you mis-manage your money, you won't become financially free, even on a huge income.
Wealth Principle 1: The habit of managing your money is more important than the amount
Wealth Principle 2: Either you control money or it will control you.
Wealth Principle 3: Until you can handle what you have got, you won't get any more!
Financial Freedom Account 10%
Open a separate bank account designated your Financial Freedom Account.
Put 10% of every dollar you receive (after taxes) into this fund.
This is for investments and buying / creating passive income streams
The job of this account is to build a golden goose that lays golden eggs called passive income.
It is NEVER, NEVER, NEVER spent, only invested.
When you retire, you get to spend the income(eggs), never the principal(goose).
In this way, it keeps growing and you will never go broke!
Create a Financial freedom Jar at home & deposit money into it everyday (create a savings habit)
Play Account 10%
One of the biggest secrets to managing money is balance.
On one side you need to save as much money as possible so that you can invest it & make more money.
On the other side, you need to put another 10% into a play account, because we are holistic in nature.
You will not feel guilty when you spend and not feel fulfilled when you save.
This play account is to nurture or pamper yourself with luxury.
It rewards you and makes managing money a lot more fun and strengthens your "receiving" muscle.
Long Term Savings for Spending Account Account 10%
Impulsive buying is one of our weaknesses that many of us have experienced with regret.
Whenever we see a great advertisement of a great holiday getaway, we are tempted to go for it.
The problem is that we did not set a budget for it in the first place.
You need to put aside another 10% into this LTSS account just for you to spend in future.
This account is for you to buy a big ticket item like a new kitchen, wardrobe, a new car, a family holiday.
Education Account 10%
Education is often neglected even though we know deep down inside that we must grow all the time.
Upgrading our skills and knowledge should not be left to employers sending their employees for courses.
We must take responsibility for our own personal development by setting aside funds just for it.
Save 10% of your income into this Education Fund to pay for self improvement programs.
This is for your personal development account for buying books, CDs, DVDs, attend seminars
Give Account 10%
"Givers gain" philosophy
You will feel much better when you give money away to those who need it most.
Giving 10% or more shows you trust God for his providence and is a barometer of your faith.
This is for you to give away for charity, the poor in your area, your tithes and offerings.
Necessities Account 50%
Most people spend all the income on necessities and luxuries. Leaving little for the other 5 accounts.
Capping our necessities to 50% will create a balanced money management habit.
This account is to pay for mortgage, insurance policies, family expenses
Poor people think it is all about income, they believe you have to earn a fortune to get rich but the fact is if you manage your money following this program, you can become financially free on a relatively small income. If you mis-manage your money, you won't become financially free, even on a huge income.
Saturday, December 20, 2008
Millionaire Mindset You Can Have!
Many of us would love to have more money in their bank accounts. Yes?
Everytime we update our bank savings account book, we look at the balance amount with a blank expression. I believe many of us are not too happy with what we have just seen. Not enough zeros behind numbers we just saw in the bank book. Yes?
Whatever reasons you are tempted to give does not matter. You reap what you sowed, that's what most people are taught. Have you ever wondered why you sowed so little even though you "knew" that you had to sow more in the beginning?
The answer lies in our value systems deep down in our souls!
When our values do not match with what we intended to do, for example, that is to be RICH, to be a millionaire by age 40... we will never be one!
What is your deep down values? Do you despise, frown upon, dislike or hate the rich and their possessions? Do you stop others from thinking or dreaming about getting rich too?
Some people equate rich people as greedy people, rich people as corrupted people, people who pulled strings to get to where they were. Rich, is a negative word in their dictionaries.
These people will NEVER be rich. "FULL STOP".
If you want to learn how to be rich, read "Secrets of the Millionaire Mind" book authored by T. Harv Eker. Check out his website at http://www.millionairemindbook.com/ for a great transformation in the way you think.
Once you have decided to be RICH, give me a call at 9001-1082 and I will help you plan for your financial security and success! Yes?
Everytime we update our bank savings account book, we look at the balance amount with a blank expression. I believe many of us are not too happy with what we have just seen. Not enough zeros behind numbers we just saw in the bank book. Yes?
Whatever reasons you are tempted to give does not matter. You reap what you sowed, that's what most people are taught. Have you ever wondered why you sowed so little even though you "knew" that you had to sow more in the beginning?
The answer lies in our value systems deep down in our souls!
When our values do not match with what we intended to do, for example, that is to be RICH, to be a millionaire by age 40... we will never be one!
What is your deep down values? Do you despise, frown upon, dislike or hate the rich and their possessions? Do you stop others from thinking or dreaming about getting rich too?
Some people equate rich people as greedy people, rich people as corrupted people, people who pulled strings to get to where they were. Rich, is a negative word in their dictionaries.
These people will NEVER be rich. "FULL STOP".
If you want to learn how to be rich, read "Secrets of the Millionaire Mind" book authored by T. Harv Eker. Check out his website at http://www.millionairemindbook.com/ for a great transformation in the way you think.
Once you have decided to be RICH, give me a call at 9001-1082 and I will help you plan for your financial security and success! Yes?
Monday, December 01, 2008
Wealth Protection - How Much Is Enough?
Many times, we read about "other" people getting murdered, dying from accidents, dying from natural causes, committing suicide, sudden unexplained deaths at home and abroad, killed by terrorists and dying from major illnesses.
Has it ever occured to you that one day, that "other" person will be YOU? Other people also think that other people, not them, will be next to go. So who will be the next to die?
The Greek Philosopher, PLATO, once said: "There is no certainty than the certainty of death and there is no uncertainty than the moment and timing of death."
Death is certain but when will it happen? No one knows!
When that happens, are we prepared mentally, spiritually and financially?
Here I will address the FINANCIAL issues since we know for sure one day we will die...)
1) Upon death, we have to set aside enough funds for the family expenses and savings to last till our youngest child is independent financially. 25 years old is a good goal to set. You may want more if the child is not mentally capable to take care of itself.
2) But what if we don't die immediately, what if we are disabled after an illness or by a freak traffic accident? You may have to get an income that will take care of at least 75% of your monthly income till your intended retirement age. Most people can still get on with their lives after a reduction of 25% of their income by giving up some of their luxuries.
3) But what if we fall terribly sick and need lots of medical attention, both in and out of hospital? We need a good hospitalisation expenses reimbursement plan plus get an amount of money that can provide us with 3 years of our annual income as most people can't live past the third year. If you get past the third year, you will need another year or two to get back into the main stream society by taking enrichment courses or upgrade your skills. Another lump sum of 2 to 3 times your annual income will take care of any immediate expenses that you need to get out of the country to recuperate or spend it in any way you deem necessary to help you recover as soon as possible.
Remember, it is not the person who lies in the coffin who suffers BUT the surviving loved ones who will suffer if there is not enough financial provision. A traditional Chinese funeral can cost more than $30,000 in Singapore! Mourners will say "yes" to funeral directors when they are emotionally unstable. They want the best for the deceased.
So, if you think you want to do something now while you are alive, why not give me a call to discuss how a financial plan can prevent these miserable moments in your family.
Do you still want to provide the best for your loved ones when you are no longer around?
I can be reached at 9001-1082 if your answer is "YES"
Has it ever occured to you that one day, that "other" person will be YOU? Other people also think that other people, not them, will be next to go. So who will be the next to die?
The Greek Philosopher, PLATO, once said: "There is no certainty than the certainty of death and there is no uncertainty than the moment and timing of death."
Death is certain but when will it happen? No one knows!
When that happens, are we prepared mentally, spiritually and financially?
Here I will address the FINANCIAL issues since we know for sure one day we will die...)
1) Upon death, we have to set aside enough funds for the family expenses and savings to last till our youngest child is independent financially. 25 years old is a good goal to set. You may want more if the child is not mentally capable to take care of itself.
2) But what if we don't die immediately, what if we are disabled after an illness or by a freak traffic accident? You may have to get an income that will take care of at least 75% of your monthly income till your intended retirement age. Most people can still get on with their lives after a reduction of 25% of their income by giving up some of their luxuries.
3) But what if we fall terribly sick and need lots of medical attention, both in and out of hospital? We need a good hospitalisation expenses reimbursement plan plus get an amount of money that can provide us with 3 years of our annual income as most people can't live past the third year. If you get past the third year, you will need another year or two to get back into the main stream society by taking enrichment courses or upgrade your skills. Another lump sum of 2 to 3 times your annual income will take care of any immediate expenses that you need to get out of the country to recuperate or spend it in any way you deem necessary to help you recover as soon as possible.
Remember, it is not the person who lies in the coffin who suffers BUT the surviving loved ones who will suffer if there is not enough financial provision. A traditional Chinese funeral can cost more than $30,000 in Singapore! Mourners will say "yes" to funeral directors when they are emotionally unstable. They want the best for the deceased.
So, if you think you want to do something now while you are alive, why not give me a call to discuss how a financial plan can prevent these miserable moments in your family.
Do you still want to provide the best for your loved ones when you are no longer around?
I can be reached at 9001-1082 if your answer is "YES"
Wednesday, November 19, 2008
Friday, November 14, 2008
Wednesday, November 12, 2008
IPP Investment Commentary
IPP Investment Digest
Weekly roundup of headline news.
For the week ending 9 Nov 2008
Equity Markets: The US indices perked up on Fri after two sessions of loss, following the US Presidential election. European indices also edged higher on Fri on news of rate cuts, after sharp drops on Thu. Some of Asia’s indices closed the week up, with STI, Hang Seng and Nikkei moving up 3.86%, 1.97% and 0.07% respectively.
Commodities: Crude oil prices remain low on pressure of Opec’s rising spare capacity by 1.6m barrels a day, and recession fears. Crude oil Nov contract (Nymex Nov West Texas Intermediate) at one point fell to $60.16 a barrel. Gold often seen as an inflation hedge also saw low prices as inflation risk abate. Currencies: US$ weakened (-2.45%) against £ over the week, while gaining marginal strength against the € (+0.83%) and ¥ (+0.13%). S$ weakened by 0.60% against the US$ over the week.
Economy: IMF forecasts growth to be -0.3% and -0.2% in advanced economies and Japan for 2009. China, widely counted on to sustain global growth is forecast to grow at 8.5% in 2009. US reported Oct job loss to be at 240,000, economists had forecasted loss at 200,000. US unemployment in Oct was 6.5%.
Interest Rate: Bank of England cut interest rate by 150 bps to 3% - lowest level in 50 years. Swiss National Bank and ECB both cut interest rate by 50 bps to 2% and 3.25% respectively. Reserve Bank of Australia cut interest rate by 75 bps to 5.25%, with more cuts expected. LIBOR rates have come down versus a month ago, with 3-month, 6-month and 1-year rates at 2.71%, 2.97% and 3.17% respectively (as at 5 Nov).
Banks/IMF: IMF approved a US$15.7 bn loan for Hungary, the approval makes US$6.3 bn immediately available and the remainder will be available in five installments subject to quarterly reviews.
Corporates: Toyota Motor reported Q2 net profits that fell 69% and warned of possibility of zero profits in 2H. Ford Motor cuts salaried expense by another 10%, further to a 15% cut earlier in the year. Goldman Sachs cut 3,000 jobs, while Fidelity Investments plan to cut 1,290 jobs. Mattel announced 1,000 job cuts worldwide. DBS is expected to cut 900 jobs; its Q3 net profit of S$379m is sharply lower on a year-on-year basis (S$610m last year).
Politics: US elected its first African American President (44th), letting the Democrats take lead in the White House beginning next Jan. Three terrorists, who set off bombs in Bali in 2002, killing hundreds of people, were executed in Indonesia.
This material is prepared by IPP Investment Division (IPP) and is provided for information purposes only. IPP does not warrant the
adequacy or completeness of such information. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for
any loss arising whether directly or indirectly as a result of you acting on this information. Reference to specific securities (if any) is
included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same.
Weekly roundup of headline news.
For the week ending 9 Nov 2008
Equity Markets: The US indices perked up on Fri after two sessions of loss, following the US Presidential election. European indices also edged higher on Fri on news of rate cuts, after sharp drops on Thu. Some of Asia’s indices closed the week up, with STI, Hang Seng and Nikkei moving up 3.86%, 1.97% and 0.07% respectively.
Commodities: Crude oil prices remain low on pressure of Opec’s rising spare capacity by 1.6m barrels a day, and recession fears. Crude oil Nov contract (Nymex Nov West Texas Intermediate) at one point fell to $60.16 a barrel. Gold often seen as an inflation hedge also saw low prices as inflation risk abate. Currencies: US$ weakened (-2.45%) against £ over the week, while gaining marginal strength against the € (+0.83%) and ¥ (+0.13%). S$ weakened by 0.60% against the US$ over the week.
Economy: IMF forecasts growth to be -0.3% and -0.2% in advanced economies and Japan for 2009. China, widely counted on to sustain global growth is forecast to grow at 8.5% in 2009. US reported Oct job loss to be at 240,000, economists had forecasted loss at 200,000. US unemployment in Oct was 6.5%.
Interest Rate: Bank of England cut interest rate by 150 bps to 3% - lowest level in 50 years. Swiss National Bank and ECB both cut interest rate by 50 bps to 2% and 3.25% respectively. Reserve Bank of Australia cut interest rate by 75 bps to 5.25%, with more cuts expected. LIBOR rates have come down versus a month ago, with 3-month, 6-month and 1-year rates at 2.71%, 2.97% and 3.17% respectively (as at 5 Nov).
Banks/IMF: IMF approved a US$15.7 bn loan for Hungary, the approval makes US$6.3 bn immediately available and the remainder will be available in five installments subject to quarterly reviews.
Corporates: Toyota Motor reported Q2 net profits that fell 69% and warned of possibility of zero profits in 2H. Ford Motor cuts salaried expense by another 10%, further to a 15% cut earlier in the year. Goldman Sachs cut 3,000 jobs, while Fidelity Investments plan to cut 1,290 jobs. Mattel announced 1,000 job cuts worldwide. DBS is expected to cut 900 jobs; its Q3 net profit of S$379m is sharply lower on a year-on-year basis (S$610m last year).
Politics: US elected its first African American President (44th), letting the Democrats take lead in the White House beginning next Jan. Three terrorists, who set off bombs in Bali in 2002, killing hundreds of people, were executed in Indonesia.
This material is prepared by IPP Investment Division (IPP) and is provided for information purposes only. IPP does not warrant the
adequacy or completeness of such information. Accordingly, no warranty whatsoever is given and no liability whatsoever is accepted for
any loss arising whether directly or indirectly as a result of you acting on this information. Reference to specific securities (if any) is
included for the purpose of illustration only and should not be construed as a recommendation to buy or sell the same.
Friday, October 31, 2008
Happy Weekend, Everyone!
Jesus said: "COME TO ME, ALL YOU WHO LABOR AND ARE HEAVY LADEN, AND I WILL GIVE YOU REST. TAKE MY YOKE UPON YOU AND LEARN FROM ME, FOR I AM GENTLE AND LOWLY IN HEART, AND YOU WILL FIND REST FOR YOUR SOULS. FOR MY YOKE IS EASY AND MY BURDEN IS LIGHT."
( MATTHEW 11:28-30 *NKJV )
THE LORD UPHOLDS ALL WHO FALL, AND RAISES UP ALL WHO ARE BOWED DOWN.
( PSALMS 145:14 )
CAST YOUR CARES ON THE LORD AND HE WILL SUSTAIN YOU; HE WILL NEVER LET THE RIGHTEOUS FALL. After all; GOD IS OUR REFUGE AND STRENGTH, A VERY PRESENT HELP IN TROUBLE.
( PSALMS 55:12 ) & ( PSALMS 46:1 )
BLESSED IS THE MAN WHO PERSEVERES UNDER TRIAL, BECAUSE WHEN HE HAS STOOD THE TEST, HE WILL RECEIVE THE CROWN OF LIFE THAT GOD HAS PROMISED TO THOSE WHO LOVE HIM.
CAST YOUR CARES ON THE LORD AND HE WILL SUSTAIN YOU; HE WILL NEVER LET THE RIGHTEOUS FALL. After all; GOD IS OUR REFUGE AND STRENGTH, A VERY PRESENT HELP IN TROUBLE.
( PSALMS 55:12 ) & ( PSALMS 46:1 )
BLESSED IS THE MAN WHO PERSEVERES UNDER TRIAL, BECAUSE WHEN HE HAS STOOD THE TEST, HE WILL RECEIVE THE CROWN OF LIFE THAT GOD HAS PROMISED TO THOSE WHO LOVE HIM.
( JAMES 1:12 )
PRAISE BE TO THE GOD AND FATHER OF OUR LORD JESUS CHRIST, THE FATHER OF COMPASSION AND THE GOD OF ALL COMFORT, WHO COMFORTS US IN ALL OUR TROUBLES.
( 2 CORINTHIANS 1:3-4 )
PRAISE BE TO THE GOD AND FATHER OF OUR LORD JESUS CHRIST, THE FATHER OF COMPASSION AND THE GOD OF ALL COMFORT, WHO COMFORTS US IN ALL OUR TROUBLES.
( 2 CORINTHIANS 1:3-4 )
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