Investing in Paper Assets

Majority of us, the main and only source of income is our job. Am I correct? In this case, we rely on the first type of asset: ourselves. Our physical self, that includes our strength and mental competence as in a sense "hired" by our employer for a certain salary per month or commission of the sales we make. The type of income that this asset produces is active income because it requires us to actively work for the money that we get.

If we are younger, this asset may increase the income it produces by working overtime, taking on jobs or sidelines that could augment our income. Of course, getting promoted in our jobs would also lead to bigger earnings through an increased salary.

However, our capabilities decline as the years go by. Why? We all know that our capabilities to do overtime work and other sidelines and our chances of getting promoted become less and less as our body grows older and approaches retirement age.

How Do You Want To Deal With Your Problems?

A blind boy sat on the steps of a building with a hat by his feet. He held up a sign which said: "I am blind, please help." There were only a few coins in the hat.

A man was walking by. He took a few coins from his pocket and dropped them into the hat. He then took the sign, turned it around, and wrote some words.

He put the sign back so that everyone who walked by would see the new words.

Soon the hat began to fill up. A lot more people were giving money to the blind boy.

That afternoon, the man who had changed the sign came to see how things were. The boy recognized his footsteps and asked, " Were you the one who changed my sign this morning? What did you write? "

Defining Assets and Liabilities

Define assets?

In Webster dictionary definition, an asset is a useful or valuable quality or anything of material value or usefulness that is owned by a person or company.

Such as?
What you own: House, vacant lot, house and lot, buildings, cash, automobiles, computers, office equipments

Define liabilities?

My Money Management Habit

Who loves to buy things? Who loves to spend money? I do! Do you spend on your needs or do you spend more on your wants? What do you spend the most? New gadgets? Trendy clothes? Or all goes for paying the bills? Then after extravagantly spending all you want, how do you feel? Happy? Guilty? Broke? Am I right?

Then I hope you will learn today. This is my Money Management Habit.

Before, what I do after receiving my income is to pay all for my expenses and the remaining amount is my savings. This practice shows formula number 1.

The Fern and The Bamboo

One day I decided to quit...

I quit my job, my relationship, my spirituality...

I wanted to quit my life. I went to the woods to have one last talk with God.

"God", I said. "Can you give me one good reason not to quit?"

His answer surprised me.

"Look around", He said. "Do you see the fern and the bamboo?".

"Yes", I replied.

"When I planted the fern and the bamboo seeds, I took very good care of them. I gave them light. I gave them water."

At Taiwan: National Palace Museum

Our first visit on our first day in Taiwan, the National Palace Museum.

Inside the train, on our way to the National Palace Museum

At Taiwan: Lao Shan Temple

Here's our fist stop visit on our second day at Lao Shan Temple in Taiwan.