Personal Finance Blog

Dear Fellow Automated Millionaires,

Straits Times on 13 March 2008, there was an article of people in Singapore is not getting enough coverage for life insurance. I fully agree with that. Initially, I want to change my life insurance policy from $100k whole life (limited premium 25yrs) to a $350k term plan & a $20k limited premium 25yrs whole life. However, after discussing with my Finance Coach, he suggested that I should have S$100K Whole Life (Limited Premium 25years) as a Critical Illness Coverage for old age (> age 65) and if I wanted any more cover, I should get a Level Term plan of S$250K until the age of 65.

Though Term Plan is highly recommended by finance guru David Bach & Suze Ozman (reasons see my previous posts) however, my finance coach asked what if i need to go for kidney dialaysis after 65 *touch wood* (my term is until 65)? Who is going to foot the costly dialaysis bill? And in addition to that, in the textbook for Health Insurance, it is stated in bold red that all people should have CI coverage even in old age... That set me thinking.

Hence, I have decided to leave my whole life limited premium (WL-LP) policy alone. Even though Whole Life protection is much lesser than Term Plan protection (WL $1 to $555 protection vs TP $1 to $2333 protection). So why Whole Life? To me, it is just instead of putting the money into normal bank with interest rate lesser than 1% to an insurance bank with a projected interest rate of 5.25%. This helps me to beat inflation slightly to make sure i get same amount of money protection even 30years later or more :) which is so critical to Wealth Protection in becoming Automated Millionaire.

Everyone (apart from kids) really do need Whole Life with CI rider. Strange as it may seems, at the same time, everyone die at some part of their lives. Hence, if u have gone through paying for a funeral, u would know how freaking expensive it is for a decent funeral, especially a chinese tradition one. The ancestor tablet & urn placing each costs $8k totalling $16k! This excludes the funeral costs. This immediately depleted my children's wealth by at least $30k. Hence, by having a whole life limited premium, i am able to cover for my own funeral expenses without affecting my children wealth.

Well of course if a person is facing budget constraints, he or she could be paying too much of insurance premium. I have a friend who paid S$6K per year for her insurance policies for only S$40K CI coverage! We did a restructuring on her Insurance Coverage and now she would only need to pay S$4K per year for her insurance policies! A SAVINGS of S$2K! Talk about no enough money for daily necessities and investment :) FYI, she now have S$350K of CI coverage.

Hi Fellow Millionaires,

I finished my Tree Seeds aka 1 day action plan - Came out with my Final Draft of my Life Mission! Yeah! Bonus is I helped my girlfriend to fulfill her 1 day action plan too - Find out a reputable Vocal Training School in Singapore! And we came out her 2nd draft of her Life Mission! Amazing! T. Harv Eker said that if we were to complete our 1 day action plan, we are set for 20% success rate towards our 3-5 years vision.

T. Harv Eker also said that why most people never do what they set for to do, because they are setting the rules to lose! Meaning it is too difficult, instead of just 1 or 2 tasks, they set several tasks which would never be completed. Hence, forming a habit of failure. So I have set my rules to win! So that from now on, it is easier to succeed :) 1 step towards my goal is better than thinking about my goal for 1 thousand years! I have set myself the Warrior Way - 1 step at a time!

Hence, I am committed for the Tree Roots - 7 Day Action Plan:

1. Write my blog every 2 days
2. Contact Kae Tyan regarding about borrowing against my Life Insurance
3. Get my OCBC Securities account details
4. Email Success Resources regarding crew
5. Set 1 appt for NHP
6. 2nd Draft of my Vision

And when i finish my 7 Day Action Plan, T. Harv Eker said that i would have a 30% success rate for my 3 - 5 years vision!

Hi Fellow Automated Millionaires,

Most of us are busier than ever. Our lives are full of things to do, places to go, people to meet. All of these in the name of "getting ahead". But there comes a time when we need to question "Is this really success"?

Ask most people what they're looking for, and chances are you'll hear things like: "Inner peace, balance, a chance to relax, and an opportunity to smell the roses". In short, the opposite to the hectic lifestyle that most people seem to be living in right now. As author Stuart Wilde puts it "Life was never meant to be a struggle".

We need to form a new definition for success, one that includes more balance, more time to be with those we love, more time for play, and more time to nurture ourselves. The paradox is that the reason most of us work long and hard is so we can relax, play, and have more time for our loved ones. Yet the more time we spend working, the less time we have to enjoy the other aspects of our lives.

Certainly finances and your career are important, but not at the expense of your health, your inner peace, your family and enjoying your life.

It takes courage to let go of our old struggle habits and create ways to leverage ourselves and delegate many of our tasks. It takes courage to re-examine our values and make our "self", our loved ones and our careers equal priorities. It takes courage to take more time for yourself and maintain true equilibrium in your life.

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To meet T. Harv personally in USA, you may have to spend more than SGD10,000. But now, you can spend 3 full days with him at only SGD188 per person– save SGD9,575. Not only that, you will also receive a set of course materials worth SGD500.

More than 3000 people have taken action to participate in this powerful event and heading towards the path of success – Balanced life. What about you? Still having doubts and not making up your mind?

Typically, how much does you need to invest for a 3-day life changing program? $3, 000, $2, 000 or $1, 000? Not even near there...See, we want to help you make that decision. If you register now, for each ticket, you only invest (SGD188).

This is a Not To Be Missed opportunity! Ask yourself, where else can you get to interact with the teacher "Live in Person" at such a reasonable investment?

In fact, this is crazy and does not make any sense. Opportunity like this do not come by everyday, what you are seeing now is for a very limited time only. So, take action NOW to avoid disappointment.

Secure Your Seats & Grab Your OFFER This Very Minute! Go to http://www.millionairemindasia.com now.

We look forward to seeing you!

Hi Fellow Automated Millionaires,

Attending T Harv Eker's Life Direction Intensive is really one of amazing things i have done in my entire life. I went there with the purpose of finding out what is my Mission and Vision, something what i really wanted and not someone or something planted it on me.

And finally i got out my Purpose of Life aka Mission! I remembered in the past while i was an Assistant Coach of a training company, i was so passionate about the part of serving and helping people to breakthrough, achieveing higher selves, reaching their goals, etc... I lost track of time, was so focus and so committed. Hence, my mission is to enhance the lives of those we touch by helping people reach their goals!

I learnt that even if I can set out a system to manage my money but without living my purpose, I will not be feeling fulfilled. That mission of mine changes all that. (well, i will put on the blog on whats my vision after i come out with the 2nd draft)

I too learnt how to counter my mindfricking. Mindfricking is the No. 1 reason why I have not been able to achieve success in life i always wanted - i kept asking myself is this what i want to do? am i moving at the right directions. am i capable enought? was there enough money to do investment? etc... From now on, I am committed to instead of buying my story, I WILL BUY MY OWN VISION!

I also learnt there is always opportunities out there in the market, but i kept asking myself if this is the RIGHT one for me? which of course until i attended Life Directions, i simply has no clue to it. Oh God, please gimme a clueeee.. NOW, i am armed with the 2 questions that will change all that. Is it in line with my mission? And does it take me forward to my vision? If it was a yes to both question, just doo itttt.... just dooo itt...

Lastly, I know I was sent here for a purpose. This blog didn't happen accidentally. The Universe wants to me share this gift of mine with others :) This is my destiny.

P.S.: If you want to go T Harv Eker course for *FREE*, yes free! As a Ranger of Peak Potentials, I have a way to help you to do that but it must be before 29th Feb 2008. Please email me at This e-mail address is being protected from spambots. You need JavaScript enabled to view it to find out more.