It seems options trading has stolen the limelight for this website, it’s not surprising since I update the options trading section more often than the affiliate marketing section. I haven’t been dabbling much on it since I’ve spent most of my nights on options. It was easy to just buy low, sell high compared to affiliate marketing which has all sorts of factors that determines the sales. The highest commission I’ve made so far this year is in April and since then it has stopped performing. That was just one of the affiliate programs that I concentrated on. Since I’ve figured out the part on how to make capital gains, it’s time to work on my passive income…

I’m working on a new project which deals with generic phamaceutical drugs, my pharma merchant is currently concentrating on generic viagra but they are slowly introducing more generic drugs (cholestrol, diet pill, etc). I bought some keyword targetted articles for $1 each from Chris who had hired writers for his previous pharmaceutical website, he’s stopped promoting his pharmacy site because his merchant stopped selling to US residents. Before the discontinuance of the US market, he made $400 a week from his pharma site alone. I guess, partly, I didn’t buy these articles alone… it came with some lessons I could learn from him. Compared to others, he doesn’t mind sharing his internet marketing wisdom.

I worked on a template for my own pharma site which merges the merchant’s template codes with WordPress. I spent about 2 to 3 days working on the codes and figuring out which does what (because I’m not very good with PHP) and I’m very satisfied with the final site. Having wordpress as a partial backbone of the website will help with search engine optimization since pinging is extremely useful to inform the search engines of new content and to encourage the search engines’ spiders to crawl my website. Currently, I’m just waiting for Chris to come online to give me more pointers after reviewing my website.

Interestingly, he told me that having sites with the same articles are not duplicate content as long as the template is different. This is something opposite of what I’ve heard on most SEO forums. Here are some stuff which I found interesting about him:

- He uses all white hat techniques
- He hires people to write articles and his blogs (I wish I have the money to do that)
- He put himself through college with the money he made from the internet
- He works for an online casino, also something to do with search engine marketing
- He’s going to do a demonstration on PPC (Pay-per-click) advertising using $2500 on Google Adwords promoting affiliate programs that sell physical products.

“Wanted: The Richest Man on the Planet”

I’ve just created another blog called “Headlines of the Rich” which will serve you the latest news about some of the famous rich people like Bill Gates, Warren Buffet, Oprah Winfrey, Donald Trump etc. I’m still building up the list, but if you think I’ve missed out someone, please comment!

The blog is here: http://headlinesoftherich.staywealthy.com

When it comes to investing, the most important question is not how much the return is or how much the risk is but how much money can you afford to lose?

I’m not being negative here, this is a very down-to-earth question. It hurts me to hear about people who took out a second mortgage on their home to buy a hot-tip stock only to lose all of it. Sure, if you did this and it all works out, you’ll be a very rich man but what if it doesn’t? You will not only put your life in poverty, but also your family’s. Think about your children or grandchildren who will have to pay your debt if you can’t pay it off when you are alive. This is not called investing, it’s called betting your life. Don’t ever, ever kid yourself that you will never lose money.

Investing is to be done with extra money. EXTRA. If all the funds in your account is needed to pay for your food and accomodation, then it’s simple… do not invest. However, if you want to invest but have no extra funds, then start saving a portion of your income every month for that purpose.

Investing is a gamble to some extent and money in the stock exchange changes hand very often. The key point to consider is that money changes hands from a dumb investor to a smart investor. What sets this two types of investor apart is: one picks stocks that fit their criteria, tracks, monitor it and consider the possibility of losing; the other chooses a stock blindly based on what others are buying or based on gut feeling that it’ll be a sure-win. If the money always end up in the smart investors’ hand, then what’s so hard about doing a little homework?

To sum it up:
1) Use money that you can afford to lose
2) Start saving money to invest if you don’t have money you can afford to lose
3) Read books about investing and personal finance
4) Play with virtual trading/stock market simulation before you use real money to trade or invest.

Discover how the financial board game, Cashflow 101, can show you the ways of the rich and the habits of the poor and middle-class.

Click here to claim your own set of Cashflow 101

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Cashflow 101 Board Game
Cashflow 101 e-game
Cashflow 202 e-game

About two weeks ago, I attended a 2-day seminar called “National Achievers’ Congress 2006″. During the two-day seminar, 7 speakers from around the world enlighten us with their experience and knowledge in their area of expertise. The two main speakers were Jim Rohn and Dolf De Roos.

Speakers at the congress from left to right:
Jim Rohn, Dolf De Roos, Scott Friedman, James Skinner, Ron Kaufman, Tom Hua, Brett McFall

The knowledge which they have imparted to me is absolutely priceless. I have never read any of Jim Rohn’s book, but I know he’s a famous business philosopher and author of several best-sellers. I find him a man of wisdom, the stories he shared about his experiences were mind-blowing. When he was in his mid twenties, he was broke until he had to lie to a brownie girl guide selling cookies because he didn’t have the money to buy from her. That was a life-changing experience for him because he decided to change and never feel that way ever again. I found a video on youtube.com of Jim Rohn sharing his experience with personal development revealing valuable essentials to becoming wealthy in mind and body. Click here to watch the video.

Dolf De Roos is a real estate investor and also one of the author of the Rich Dad’s Advisor Series, I thought his book “Real Estate Riches” was a total bore and he’d probably be a boring speaker too. Turns out I was wrong, he was incredible! It’s very obvious that he knows his stuff well, I’m re-reading the book now that I’ve seen him talk. He’s a little guy who talks with confidence. After he gave a few of his financing strategies, a few people questioned his strategy saying it’s impossible in Malaysia. He was a bit pissed and said something along the lines of “Fine! You are just proving yourselves right by arguing with me!”. Soon after that, a few students or readers from the audience went up to the microphone to give their success story. I think most of the skeptical audience changed their perception after the students gave their testimonials.

The other speakers are Scott Friedman, James Skinner, Ron Kaufman, Tom Hua and Brett McFall. Scott talked about using humour in everyday life, the tips he gave are unique:

Tip #1: Celebrate the first stress of the day
Tip #2: Profanity with a twist
- He suggested to list all of the profane words and number them. So whenever you start swearing, you’d say the number instead of the words e.g. “Shut the 8 up, you 2 5. I can’t stand your 1-ing 4!”
Tip #3: Call your own home answering machine
- When you have a bad day, call home and let your answering machine pick up and rant away.

I like tip #3, if only I had an answering machine….

James Skinner’s topic was “Lessons I Learn from Moving a Billion Dollars”, at first he started talking about how wealth has something to do with metaphysics blah blah blah and used our local accent. I thought he sounded weird. Then midway he said he wasn’t insulting us with his accent since he’s stayed in Singapore for some time, it has become a habit (Singaporean English (Singlish) accent is pretty similar to Malaysian English (Manglish)). However, the next half of the talk, the accent disappear. Anyway, it wasn’t till the last half of the talk that got interesting. He emphasized money is actually just an idea, he told us a story about a person who quit his business because of lousy partners and was laid back about his finances even though he was in trouble. Instead of worrying about his finances, he saw a nice mansion on a magazine which he wants to own and called the dealer to ask for the price. The mansion was more than a million dollars and he paid downpayment by mortgaging his mother’s house. Then he started looking for ways to pay for this house and saw a big piece of land in the city area and proceeded to look for the owner. He negotiated a free option on the land and sold it to pay for his mansion. Fiction or not, I don’t know but his talk about money was extremely enlightening. I wish I can give you a better picture of what he said, he was challenging my mentality most of the time.

Ron was very entertaining, but I thought his concepts about customer service is pretty common. I have never read his books, perhaps the speech duration was too short for him to elaborate.

I think Brett and Tom Hua’s session was the worst, because they were doing purely sales pitch. I felt very disappointed because I was looking forward to their topics about online business. I guess it’d be hard to talk about the technicals to the crowd, since the audience aren’t all tech-savvy. Not all is lost though, they did give a few ideas that I’d like to give a try.

A video from “Excelling in the New Millennium: Personal Development”, Jim Rohn shares his experience with personal development revealing valuable essentials to becoming wealthy in mind and body. I attended the National Achievers Congress 2006 on the 15th and 16th of May, Jim Rohn was one of the speakers. He’s remarkable!

To watch the video without lag, press the play button then click pause. Wait until the progress bar turns all grey. Click play.

Last month, I told you I’ll have my $1000 profits and more back in no time. Well, I gained it all back on the first week of May with TXT! It made a whopping 90% return! Markets were down most of the days but TXT managed to do well consistently.

Balance after exit trades made in May: $3,525.38 (+59.78%)

* After commissions, SEC fees, interest earned, non-resident alien withholding

Total profit for the month: +120.92%
Average profit for the month: +30.23%

In mid-May, I attended a 2-day seminar and one of the speakers is Jim Rohn. I’ve summarized what he said in this article from the notes I’ve taken during his talk:

Jim Rohn’s Vision of the 21st Century

“More valuable than the money you make, is the person you become”

In the 21st Century, the improvements in technology has created unprecedented opportunity but has also bring in keen competition and the key is to be READY for these unusual opportunities and competition that will arise.

Ideas to be ready:
1) Learn more than one skill. Learning more than one skill not only gives you security in the future but also helps open more fortune.

2) Find good people. “If you search, you’ll find”. Doors of opportunity only open for those who knocks.

3) Getting people to work together. Getting people to work together pays big money. If 2 or 3 agrees on a common purpose, NOTHING is impossible.

4) Rewarding people for the small steps. Be so busy giving recognition that you don’t need it for yourself.

5) Affecting people with your words. There are 2 types of light: Insight and communication. Train, teach and learn to inspire others by helping others to see better than they are.

6) Learning more than one language. Give it as a gift to your children.

The Greatest Economic Formula is to give value to the marketplace. Value means product or service that people wants, but most importantly value means what you become. Find a way to serve as many people as possible.

“Our income primarily determines on our philosophy, not the economy.”

“Formal education gets you a job, self-education gets you rich.”

In mid-May, I attended a 2-day seminar and one of the speakers is Jim Rohn. I’ve summarized what he said in this article from the notes I’ve taken during his talk:

Jim Rohn’s Vision of the 21st Century

“More valuable than the money you make, is the person you become”

In the 21st Century, the improvements in technology has created unprecedented opportunity but has also bring in keen competition and the key is to be READY for these unusual opportunities and competition that will arise.

Ideas to be ready:
1) Learn more than one skill. Learning more than one skill not only gives you security in the future but also helps open more fortune.

2) Find good people. “If you search, you’ll find”. Doors of opportunity only open for those who knocks.

3) Getting people to work together. Getting people to work together pays big money. If 2 or 3 agrees on a common purpose, NOTHING is impossible.

4) Rewarding people for the small steps. Be so busy giving recognition that you don’t need it for yourself.

5) Affecting people with your words. There are 2 types of light: Insight and communication. Train, teach and learn to inspire others by helping others to see better than they are.

6) Learning more than one language. Give it as a gift to your children.

The Greatest Economic Formula is to give value to the marketplace. Value means product or service that people wants, but most importantly value means what you become. Find a way to serve as many people as possible.

“Our income primarily determines on our philosophy, not the economy.”

“Formal education gets you a job, self-education gets you rich.”

/**
* This php snippet displays content of a specified type, with teasers,
* from certain taxonomy term.
* Sorted by date of creation, most recent first.
* Works with nodes of the flexinode type too.
* To change the length of the list, change $listlength.
* To change the taxomony term, change $taxo_id.
* To change the type of content listed, change the $content_type.
* Tested with Drupal 4.6.3
*/
$listlength="130";
$taxo_id = "1,2,8"; /* comma seperated list */
$content_type = 'story';
$result1 = pager_query("SELECT n.nid, n.created FROM {node} n INNER JOIN {term_node} tn ON n.nid = tn.nid WHERE n.type = '$content_type' AND tn.tid in ($taxo_id) AND n.status = 1 ORDER BY n.created DESC", $listlength);
while ($node = db_fetch_object($result1)) {
$output .= node_view(node_load(array('nid' => $node->nid)), 1);
}
print $output;
?>