J. Paul Getty made his 1st billion in USD abt 80 yrs ago. To put it in perspective, Singapore's GDP was a mere 1 billion USD around 1971, 41 yrs ago.
I hv talked abt making money cuz it's a prerequisite in getting the chio pussies u want, everything else being equal.
Fortunately, only little money is needed to BY chio SYTs from China, hahaha. Really no need to be another J. Paul Getty.
I'm a simple man w/ simple needs. I go for what I want but my greed is always well under control. I'll keep my current lao po (my 1st BAO-ee) until she gets married. I'll hv another perhaps 1-3 younger gals (at least 18) on the side, on short-term BYs, usually "imported" directly from PRC. Some of these gals only dare to come together.
More importantly, I'm improving myself, improving others, improving everything around me, in every way, every day...
I'm keenly aware of the fact that To have a body is to suffer. - Bodhidharma.
I therefore live in the eternal present moment, moment to moment...n I'll gladly accept anything n everything, including death, even if it occurs the very next moment. Is there a better, happier n more rational way to live? Pls tell me n teach me.
Noted, Bro Warbird, on the patience part. Thank you for the advice.
He is rite bro.
Be patient.
Dun just get A job, but, get THE job
__________________ The Choices We Make, Dictate The Life We Lead!!! The 4 Golden Rules in life:
1) 不要欺骗自己
2) 不要出卖自己
3) 不要背叛自己
4) 不要对不起自己
是你的，就是你的。
不是你的，不要抢！
人之所以快乐，不是因为得到的多、而是因为计较的少 Officially Retired From The Nite Scene
Your positive thoughts n emotions and focused actions will definitely bring u what u r seeking.
"A man who is a master of patience is master of everything else."
Become a MASTER of life, bro.
Best,
Bro WB
Hi bros,
Perhaps u should get a good position now, save up at least 6-month buffer, then u can go into business on your own. You could partner w/ someone or raise capital from investors...
While you're employed by someone else, dun sit idle; instead, u should actively prepare urself n get ready to become self-employed in a business of ur own choosing.
But whatever u do, read How To Be Rich by J. Paul Getty, read it at least 3 times. Then read it again every 3 months. He was named the richest man in the world by Fortune in the 50s.
Here is a recent article on the legendary businessman/investor:
The Great Minds of the Market: Getty's Grit and Glory
by Carl Delfeld, Investment U Senior Analyst
Thursday, May 24, 2012
Carl Delfeld
Upon seeing the first chapter entitled How I Made My First Billion, I knew I had a winning book in my hands...
J. Paul Getty's book, How to Be Rich, was recommended by Mark Ford in a recent column. In fact, he advised that even if you've already read it, read it again.
So I promptly ordered it and read it twice in one week.
What a fantastic book. Getty's life story alone is inspiring, but what makes it special is his blunt and personal advice.
Getty was fortunate to have oil and common sense in his blood in equal proportions.
His father was a successful businessman who moved west to become a wildcatter in the rough and tumble Oklahoma oil boom. J. Paul grew up around the business doing the tough and gritty work at the wellhead before striking out on his own.
With no capital at all, the first deal for this independent wildcatter gave him a 15% share of the profits. Then his father grubstaked him, taking 70% of the profits while the Oxford-educated son worked right next to the roustabouts with his battered car serving as his office.
By the age of 24, he became a millionaire. His next move was to explore for oil in California where his success expanded into property and stocks.
What makes this book different is that it isn't just about how to get rich, but how to live a full and rich life. In Getty's view, the key is to be a non-conformist, to be independent and willing to challenge conventional wisdom.
After reading the first chapter, I had a tremendous urge to jump out of my chair and dig for oil in my backyard. (I settled on just planting a tree.)
Taking on Getty's Life Lessons
The Getty story pulsates with activity, nerve and initiative. Here's my take on Getty's life lessons and how they can be applied to become a more successful investor and businessperson.
Be stealthy - Getty won his first oil property in a competitive bid for only $500 by using a bank as his proxy, thereby scaring away independent competitors.
Separate fact from opinion - Getty always tried to dig deep for facts and challenge "expert" opinions. He was one of the few wildcatters who studied and used geological data to make decisions.
Be independent - Getty loved being an independent wildcatter outwitting the big boys. It's hard to imagine him sitting in a cubicle, or any office, for that matter.
Look ahead and learn from mistakes - Getty was way ahead of his time in seeing great growth opportunities in international markets. Half a dozen times in his book, he literally kicks the reader to look beyond America's borders. And Getty doesn't pass the buck, but admits his blunders. One beauty was to pass on a bargain-basement opportunity to gain a foothold in the oil-rich Middle East in the 1930s only to pay $12 million for a Saudi concession in 1946. (Still a great move.)
Be patient, but take risks in down markets by finding quality values - Getty was a master in taking advantage of great stock values in depressed and crisis markets. Much of his great fortune can be traced back to the 1930s when he scooped up resource stocks and properties at bargain prices.
Finally, Getty chose his targets carefully and had the courage of conviction to jump in when others were scared to death. He put it this way:
"The big profits go to the intelligent, careful and patient investor, not to the restless and overeager speculator... The seasoned investor buys stocks when they are low, holds them for the long-pull rise and takes in between dips and slumps in his stride."
All great lessons and reminders to investors and businessmen of any skill level...
Good Investing,
Carl Delfeld
BTW, "patience" was mentioned twice in this brief article.
I know not everyone wants or needs to be the richest man in the world, but becoming independently wealthy should be quite easy, if one is to follow Getty's advice n take focused action.
I 1st read Getty's book on 10 March, 1995. I hv read it only several times since. It's time for me to read it again n again...
Cheers!
Bro WB
Bro WB, read the book a few times too, but difficult to practise in Singapore ley and certainly no oil fields to dig in Singapore, starting a business is tough in Singapore although I had set up a few years of emergency cash. Recently having some difficulties in work and may be forced to transfer or leave, sigh...wondernig what course of action to take.
Noted, Bro Warbird, on the patience part. Thank you for the advice.
You're most welcome, bro.
Quote:
Originally Posted by DO_YOU_BJ
He is rite bro.
Be patient.
Dun just get A job, but, get THE job
Mr. Chairman,
I'm confident that bro chengzong will get THE job.
Quote:
Originally Posted by MoralEpitome
Bro WB, read the book a few times too, but difficult to practise in Singapore ley and certainly no oil fields to dig in Singapore, starting a business is tough in Singapore although I had set up a few years of emergency cash. Recently having some difficulties in work and may be forced to transfer or leave, sigh...wondernig what course of action to take.
Hi bro ME,
There r always business opportunities here in SG.
Getty's book is only THE primer. If u r interested in business, read up on entrepreneurship n business management, etc. My interest is investing, so the next two books I read were The Intelligent investor n Security Analysis, both by Benjamin Graham...
Cheers!
Quote:
Originally Posted by chenzong
My sympathies, bro, having been through this (forced to leave). Perhaps it is time to dust out the CV?
I hv experienced the same hardship in my younger yrs. One time I personally sent my CV to over 150 institutions in Gotham country! Leave no stone unturned, bro.
My sympathies, bro, having been through this (forced to leave). Perhaps it is time to dust out the CV?
Yeah Bro, this is why I always set aside some cash to tide over a year or so in case such things happen, and secondly always try to keep yourself relevant and up to date with current market situation and I wish you good luck in finding the job you want....as for those headhunters they are just out to earn comm. from you and may not always have your best interests at heart.
I'm confident that bro chengzong will get THE job.
Hi bro ME,
There r always business opportunities here in SG.
Getty's book is only THE primer. If u r interested in business, read up on entrepreneurship n business management, etc. My interest is investing, so the next two books I read were The Intelligent investor n Security Analysis, both by Benjamin Graham...
Cheers!
I hv experienced the same hardship in my younger yrs. One time I personally sent my CV to over 150 institutions in Gotham country! Leave no stone unturned, bro.
Cheers!
Bro WB
Yes WB Bro, I guess opportunities also seek those seeking for it, like my fren just opened a money lending business and even pawnshop can be listed on catalist in singapore!
Since everyone is off-track here... Hope bros can help me with a dilemma. I'm in. Recently approached by a headhunter and did the requisite audition. I was a fresh grad and lucky enough to be picked in a graduate programme for a profitable and resilient MNC. Starting pay was pretty good but industry going through some restructuring and consolidation, and I don't see my pay prospects moving up north very much in the next 2-3 years. I earn a pretty ok income, but now despite my lousier gpa (hiring firm wants deans listers and first class honors blah blah I never liked studying but acceptable grades la), I've been invited for an interview. I have a nice set of colleagues and my boss has good plans for me and from my expanding work scope i know he's trying to fast-track me; but I can't help but think I can make more outside. Now in my heart Ive set a target salary, but even if they meet it I have my doubts still. I feel like I'd have let my bosses and hirers down if I move so early. And the new job is challenging and prospects are great if I shine and it's a super brand name which will look damn pretty on my CV (incidentally my current employer is also very well-respected in a similiar industry).
Have any of my senior bros encountered this before? To bring some relevance to the table, I've got pretty good rapport with my colleagues and reporting line up to global management, and I think it will be easier for me to keep the current job (which I'm doing pretty ok in) than to move to the super fast paced and reputedly heartless firm which is hiring. I'm thinking far ahead because damn these people got 5 rounds of interviews, which requires technical skills I don't have yet and will need to pick up.
But really if push comes to shove I am quite lost. I can't ask my seniors because I know they want to keep me and it's all hush hush and sensitive at this point (hiring firm is a good client of ours though not under my team). In this environment it's really easy to lose a job. Internally I'm slated for management track but I'm working damn hard and I don't feel fairly compensated and my bosses' hands are tied. I know this because I actually threw a tantrum and fit and my bosses coaxed me and had long discussions and let me be that way till I cooled off. Which I appreciate also, seeing how I'm still young and hot-tempered and really haven't earned the right to bitch. I'm not yet 30, and I haven't stayed 2 years with my first employer.
Any advice will be much appreciated..
__________________
don't pm me to exchange points. only pm me if you have good lobang, my points can give you for free
Since everyone is off-track here... Hope bros can help me with a dilemma. I'm in. Recently approached by a headhunter and did the requisite audition. I was a fresh grad and lucky enough to be picked in a graduate programme for a profitable and resilient MNC. Starting pay was pretty good but industry going through some restructuring and consolidation, and I don't see my pay prospects moving up north very much in the next 2-3 years. I earn a pretty ok income, but now despite my lousier gpa (hiring firm wants deans listers and first class honors blah blah I never liked studying but acceptable grades la), I've been invited for an interview. I have a nice set of colleagues and my boss has good plans for me and from my expanding work scope i know he's trying to fast-track me; but I can't help but think I can make more outside. Now in my heart Ive set a target salary, but even if they meet it I have my doubts still. I feel like I'd have let my bosses and hirers down if I move so early. And the new job is challenging and prospects are great if I shine and it's a super brand name which will look damn pretty on my CV (incidentally my current employer is also very well-respected in a similiar industry).
Have any of my senior bros encountered this before? To bring some relevance to the table, I've got pretty good rapport with my colleagues and reporting line up to global management, and I think it will be easier for me to keep the current job (which I'm doing pretty ok in) than to move to the super fast paced and reputedly heartless firm which is hiring. I'm thinking far ahead because damn these people got 5 rounds of interviews, which requires technical skills I don't have yet and will need to pick up.
But really if push comes to shove I am quite lost. I can't ask my seniors because I know they want to keep me and it's all hush hush and sensitive at this point (hiring firm is a good client of ours though not under my team). In this environment it's really easy to lose a job. Internally I'm slated for management track but I'm working damn hard and I don't feel fairly compensated and my bosses' hands are tied. I know this because I actually threw a tantrum and fit and my bosses coaxed me and had long discussions and let me be that way till I cooled off. Which I appreciate also, seeing how I'm still young and hot-tempered and really haven't earned the right to bitch. I'm not yet 30, and I haven't stayed 2 years with my first employer.
Any advice will be much appreciated..
Everything in life is about risks.
"The Grass is always greener on the other side."
So some say.
At the end of the day, it's all but a job.
I wouldn't be too bothered about it if i were u, since ur status will still be only an expandable employee earning the money to make those up there have larger pockets.
Think more only when u become an employer when u grow older.
__________________ The Choices We Make, Dictate The Life We Lead!!! The 4 Golden Rules in life:
1) 不要欺骗自己
2) 不要出卖自己
3) 不要背叛自己
4) 不要对不起自己
是你的，就是你的。
不是你的，不要抢！
人之所以快乐，不是因为得到的多、而是因为计较的少 Officially Retired From The Nite Scene
Everything in life is about risks.
"The Grass is always greener on the other side."
So some say.
At the end of the day, it's all but a job.
I wouldn't be too bothered about it if i were u, since ur status will still be only an expandable employee earning the money to make those up there have larger pockets.
Think more only when u become an employer when u grow older.
Thanks for your advice to the future me. I do hope to be self employed, as is the tradition in my family for 3 generations, but I believe spending a few years grinding in the corporate world, meeting more people and having a company pay my real world tuition is better than running around like a headless chicken with little contacts and experience. There are also kinks in my personality and approach to work out.
Unfortunately I've not yet had the privilege of experiencing your combination of luck and skill (i gather you've been very successful), and so a 50% pay hike is quite crucial at this juncture of my life. Not so much the money but the recognition from the market that I'm worth more.
Expendability is one of my key concerns, and where I currently work I am less expendable than with the potential hirer. The work I do is appreciated, which is always good. That only further contributes to my confusion now though.
__________________
don't pm me to exchange points. only pm me if you have good lobang, my points can give you for free
Thanks for your advice to the future me. I do hope to be self employed, as is the tradition in my family for 3 generations, but I believe spending a few years grinding in the corporate world, meeting more people and having a company pay my real world tuition is better than running around like a headless chicken with little contacts and experience. There are also kinks in my personality and approach to work out.
Unfortunately I've not yet had the privilege of experiencing your combination of luck and skill (i gather you've been very successful), and so a 50% pay hike is quite crucial at this juncture of my life. Not so much the money but the recognition from the market that I'm worth more.
Expendability is one of my key concerns, and where I currently work I am less expendable than with the potential hirer. The work I do is appreciated, which is always good. That only further contributes to my confusion now though.
The answer u seek is already in the 1st para of ur reply to me haha.
Go for it, one who travels far n wide is exposed thus view become more macro so does tots.
One who stays put sees nothing but the immediate world around him like a frog in a well n brains forever micro like may who post in this forum.
Moving across companies n country boundaries, thus the simple comparison of a locally educated n an overseas grad!
2 diff mindsets altogether.
Of cos, job hop not included in this conv
__________________ The Choices We Make, Dictate The Life We Lead!!! The 4 Golden Rules in life:
1) 不要欺骗自己
2) 不要出卖自己
3) 不要背叛自己
4) 不要对不起自己
是你的，就是你的。
不是你的，不要抢！
人之所以快乐，不是因为得到的多、而是因为计较的少 Officially Retired From The Nite Scene
The answer u seek is already in the 1st para of ur reply to me haha.
Go for it, one who travels far n wide is exposed thus view become more macro so does tots.
One who stays put sees nothing but the immediate world around him like a frog in a well n brains forever micro like may who post in this forum.
Moving across companies n country boundaries, thus the simple comparison of a locally educated n an overseas grad!
2 diff mindsets altogether.
Of cos, job hop not included in this conv
damn it, I should have seek career advice from you instead of hfj advice...hahaha....
30-05-2012, 11:19 AM
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