Reflection on a personal job responsibility

Principles:

1. Realise development opportunities in current job situations for potential future growth
2. Create a simple system - which is wholly and securely owned by yourself
3. It should be duplicable
4. And your job is simply to be the co-ordinator like a conductor in an orchestra!
5. Leverage - what can I do so that my products and services are available even when I sleep?

Reading quickly on "SpeedWealth" by Harv Eker, it got me on how I can be developing these skill sets through a particular job responsibility that I have.

Many people tend to think of this particular job responsibility as being dead-end, mainly because it is more an issue of maintaining a human capital system in a stable environment, rather than that of creating an exciting brand-new endeavour that requires constant progress and updates.

I personally realise it's an opportunity of organising chaos (that it was in before I took over) and a chance to create a system for it which is replicable and which can potentially run even without me.

Being able to have it run without you? That means you're dispensable! Why is that desirable? ... you may ask.

It's desirable in business because it represents simple transposition (a duplication) of the system in a new environment with minor tweaks (basically employing modular/atomistic thinking in the field of computer engineering or philosophy)

Being the co-ordinator, it also means the opportunity for being on the system, not in the system - allowing passive income to be generated, without it being limited to the extent that you can personally handle. And it offers the gratifying option of selling the business.

All these are good thoughts to keep on the backburner on the process of creating and maintaining a business, and these skills I'm contented to know that I'm practising through my current job responsibility.

Before we come to these though, we must first think about identifying and prioritising business opportunities...

Interesting read on buying a HDB flat

In doing research on buying a HDB property, I came across this particular blog entry, on an individual's experience in buying her HDB home.

Filled with personal insights from experiences, inferred implications on income and timing requirements and things to take note of in working with the stat board as a whole, it's an interesting and insightful read for people looking into their first property with HDB.

An Individual's Experience with HDB

Important Note

Do note that aside from the main blog entries (which are entirely the author's own subjective opinion), other comments are the opinions of other individuals whom the author (more often than not) has little or no knowledge of and access to.

Some people may abuse the comments section for their own gain - to spread speculative rumours in order for the market to go their (personally profitable) way. So read everything with discernment and judgement.

The author does not take responsibility for the results of any individual who takes action based on what they have read on this blog.

About the Author

She starts this site with little - no means of job-independent income, no self-employment skills and as a financial idiot to boot. She hopes to use the long term memory of the internet not only as a record of all her experiences with the changing financial environment, but also to engage and be of mutual encouragement with other individuals on this important topic in order to grow in discernment, knowledge and understanding.

Aiming to grow in financial-savviness, in wealth and happiness along with her readers, she's planning her way to financial freedom - along with you. ;)

About this Site

This site aims to chronicle one ordinary girl's experiences, analysis and reflections on financial news, instruments and processes in order to support her life long goal to be financially savvy and independent. She had started this site as a babe and newb, with the intention in growing in her knowledge and understanding on finances, so all thoughtful responses, comments and insights will be welcome!

Started on the 17th September 2008 (Wed), a few things triggered the start of this blog:

i) Joining the throng of people liquidating my family members' AIA insurance policies that day.

Having taken the day off and burning that whole day waiting to be served, I spent the day reflecting on the world's financial situation. (US banks appear to be going down! Lehman Brothers had just filed for bankruptcy! AIG is on the brink until saved by Federal's 85bil loan! Merill Lynch bought over!) My determination to understand financial instruments, avoid queuing AGAIN in a similar situation and to take control of my own financial situation crystallised in a site that will serve as a repository of my thoughts and experiences. (Side note: Queue number of 1286 at 10a.m (They were serving queue number 1038 when I got the ticket), we were served at last at 5:40p.m... and I'm the lucky one. Hundreds more had to be served the next day... )

ii) My dear losing his job in a US financial audit firm, partly due to the same volatile US market.
More the reason to take control of our financial future!

iii) My long term dream of working part time from home
Probably due to my job nature, I am in contact with our nation's children and am saddened by their current state - insecure, restless and self-centred. I hope to have the choice of working from home in the future and to be more in control of the care of my children.

All these led the the beginnings of this site.... recorded here:

As my personal financial journey is journalled here, my prayer is that you will also be blessed in reading, in discussing and sharing strategies. May our journey to freedom begin!