D+245

I stopped blogging for nearly a month of blogging in my attempt to adapt back to my "working for somebody" life at RWS.

As my previous post suggested, i had officially joined back the Universal Studios family and I'm happy to be there as it adds monetary income into my pockets.

However, having worked for nearly a month, It took me long enough but to finally got back to my rich mentality. I know it sounds confusing but i guess there is always a danger of falling into the rat race when somebodies starts work and getting paid for their effort.

I've shared this sentence in alot of my post that Rich people don't work for money, They let money work for them! True or true? TRUE!

So, having acquired my rich thinking, i now find reinforced mindset by reminding myself everyday of "HOW MUCH I HATE WORKING FOR SOMEBODY" feeling. In short, I will remind myself everyday that I WORK TO EXPERIENCE HOW MUCH IT SUCKS TO WORK HARD FOR SOMEBODY'S COMPANY!

For this issue, I'm particularly glad that i have always experience working jobs, being paid at the 'low' salary and that i was able to endure the hardship and long hours of effort put into the job. All this lead me to realize that working and being paid by the hour isn't going to be the answer to my financial question.

Although in my previous post, I was pretty beaten down by the feeling of "NO MONEY" due to being unemployed, my current situation puts me into a trouble that i do NOT want to commit 5 days a week to work for somebody's else! I knew the line to draw between having my stomach fed and being "slightly bettter off" with let's say a $1000 a month for working 5 days a week! I know it sounds confusing here but what i wanted to say is that i should work to an extent that i own both TIME AND sufficient MONEY so that i can concentrate on what's going to be working out for me in the longer term, which is investing/trading.

In Robert Kiyosaki's book, he told that he worked for free at his Rich dad's store in his attempt to experience that exact teaching of RICH PEOPLE DON"T WORK FOR MONEY!

And so, I guess mine experience wasn't far from his. Now, Do you have any similar experience? Or are you thinking that i am dumb to even reject the prospect of working more hours for more money?

When i shared my experience above, i find that i am truly a lucky boy. Had i gotten a higher job like some of the kids that joined RWS in my training group, I might not even have this kind of thoughts and feelings as i have now. So here's an example of why i felt this way. But before that, I know that this is going to open a lot of debates so i am going to suggest that you skip this if you find that i'm totally bull-shitting.

Imagine a 16 year old boy, having left secondary school and wants to start his first part-time job, Should he go for the higher paid ones or the lower paid ones? Which option would you had chosen?

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I Believe 9 out of 10 people would have chosen the higher paying job based on the thinking that "since you are going to be putting in the same long hours in work, why not be paid more?" I had experienced that stage of life and frankly, i knew how it felt then.

So, My personal life experience had gone the OTHER way. I chosen a job that paid me $800 a month as a waiter then. This is equivalent to maybe $3.50 an hour i believe. And even in my secondary school days, I guess being paid $3.50 is considered low! During that time, People compared those who are paid low as "working in MacDonald" since i heard from those working in there that the company pay $3.80 an hour!

But human natures love what people known as the Comfort zone. I.e. Since I'm already working at this place and that I'm comfortable with my work load and everything, I guess it's okay if i don't get the higher paying job. And so i had stayed on with lower paid jobs ever since.

But I'm not trying to tell everybody my personal life here cause i know it'll make you sleep. What my point here is, Had i chosen what most people had chosen which is to go for the higher paid job, or had a higher starting pay job as my first job, i believe my life and thinking would have changed.

I asked myself, If i had gotten a $7 an hour job at the age of 16 yrs old, What would my thinking be then? What would be yours?

For me, I'll probably feel that the market is full of opportunities and that an $7 an hour job would make me so much better off at that point of time. Imagine being able to watch movies and buying all the things that you want at a easier rate as compared to $3.50 an hour! It's 2 TIMES the pay!

But what i missed out in that job would probably be the lesson that even Robert Kiyosaki could had missed too, which is NOT to see the teachings that the RICH DO NOT WORK FOR MONEY!

The teaching that i experience by heart is: "Being paid more will never solve a person's financial problem!" True or true? TRUE!

So, If you're currently working and is being paid considerably 'high' in your expectations, I hope that you are also able to at least stand in my shoes and hopefully be able to see where I'm coming from.

Moving on to the Stock Market.

There is going to be a 2nd t3b gathering this year at the end of the month. And i believe that this gathering is going to be the signal that we should be preparing for the bear market.

30 July 2010, it is the date that most Singapore companies are ending their quarter and in 2Q10, the figures are going to tell a lot in the shaping of which direction the stock market would go.

With all the global issues like Countries debt going around, we are going to get a clearer picture when the results were realized. Remember in 1Q10, the stocks were Bullish then before Greece announced that they need the help of the World bank in repaying the bonds due this year.

Keeping that in mind, Most analyst are predicting that the figures announced would most probably disappoint and that having short position would be greatly beneficial if you are IN the market before the tide arrives.

So, what decision will you make? What is your opinion on what's going to come? If you are going to position yourself, This coming monday would be the start.

I shall end today's post with the sentence i mentioned umpteen times here:

"RICH PEOPLE DON"T WORK FOR MONEY!"