Hi, my name is Joshua Cheong, a dude living on a tiny island at the heart of south-east asia, Singapore. I was a typical average guy. I studied hard, I didn’t mind working on monthly wage for a job as an engineer or a scientist. In fact that was my goal for my life, until reality hit me when I started working part time after I graduated from Junior College. Don’t get me wrong, I think working is necessary. However if working is the ultimate goal, life would seem very bleak.
Strangely, I was always thinking differently when I was young with regards to money. I always believed in spending your money on assets instead of liabilities. I always believed that if a problem or service can be replaced by automation, it makes sense to automate the operations. Little did I know that this concepts would resonate with me, making me determined to become a part time passive income business man.
The first self-help information that came to me was “the Secret”. I felt that although it had good information on visualization and desire, it did not give concrete steps and a plan. Later I acquired an audio book version of Think and Grow Rich. It radically changed me, and was a significant influence during the late of 2009 before A-Levels.
Many of you may have heard or read the books by Robert Kiyosaki, books such as: Rich Dad, Poor Dad, as well as Retire Young, Retire Rich. When I read the books, the concepts of leverage, cash quadrant, financial literacy began to speak to me through the books. I began to realize that it was actually feasible to execute an automated business. In fact, I realize that all successful and huge business empires had self-executing systems that ensures their growth and sustainability by hiring or constructing management systems or talents.
Later I read the book: the Four Hour Work Week. This book emphasized the importance of automating your business or work. Making $40,000 at the Bahamas beach is certainly more enjoyable than making $500,000 at a cubicle in Wall Street. I agree entirely.
Another teaching that change me was from Frank Kern’s Core Influence 1 & 2. It taught me to define my perfect day, find my core identity and make a concrete action plan to make my lifestyle congruent with my core identity.
Lastly, I learned the Secrets of the Millionare Mind from Harv T. Eker. He taught the importance of redefining your context (reaffirming Robert Kiyosaki’s advice) through declarations that I say out loud at least once a week. Strangely, these declarations gave me motivation to execute my plans instead of thinking about them. One of his advice was continuous education which I identified with as I have exposed my mind to these many concepts.
I continue to strive to learn more and hopefully report my results. Thanks!