AUGUST 2014 PLANNING

Tomorrow will be the beginning of Aug 2014. My plan for this month will be to brainstorm income streaming producing idea/system and apply a few of the best system to achieve my financial freedom ultimate goal of $50000 HKD per month. I will base my reference on the Millionaire Bible which I have created with source from three book I had read on JULY 2014. In order to achieve my financial goal. There is four key components or part that come into play. They are 1) Investment Cash, 2) Assets, 3) Monthly paycheck contribution to investment, 4) Capital gain deal. All these 4 component work like a cycle to produce my goal. The arrow indicate the flow of cash.

10 years of Stock Market Trading and Investing

After trading and investing in stock market for ten plus years, trying option, stock,Forex, CBBC. I have so far a NET LOSS if 73000 Hong Kong Dollars. It seem frustrating and almost a failure to have a net loss after ten year of experience in the Market.But as Tony Robbin say there is No Failure in Life, there is only Outcome. I treat this net loss as outcome not failure. Today I declare my will to profit from the Stock market. With net loss position to net profit. I should change my approach to the market. I need to focus on a good system and keep working on it. I will definitely include stock market as part of my wealth creation plan to achieve my passive income Goal of 50000 HKD per month. Article by Macao Millionaire Doctor www.macaomillionairedoctor.blogspot.com

2014 JULY Goal completed.

I have completed my goal for JULY which is to read three book. One Minute Millionaire, Multiple stream of income, Nothing Down. I have just finished reading Nothing down for the 2000 by Robert Allen. And I have also finished composing my Millionaire bible which is the keynote from all these three books. One of the chapter in the Nothing Down book is to Cage the Alligator property. Alligator property is the author nickname for all the cash flow negative property. He got a good method to CAGES the Alligator which is to prevent having Alligator Property. C- Cut down the purchase price. A- Ask for more rent, G-Give more toward down payment, E- Eliminate more expense. S- Structure the mortgage payments. Article by Macao Millionaire doctor

Road to Wealth-- It is Simple but not Easy

Road to Wealth-- It is simple but not easy I have just finished reading Multiple stream of Income by Robert Allen. It sort of sum up 10 very practical income streams for every one who want to acquire an extra income stream. Below is the 8 Main income streams I can recall 1. Stock investing in Index Fund long term 2. Invest in Mutual fund with the Best 10 year performance 3. Stock option (writing cover call or option trading) 4. Real estate buy and hold (nothing down deals) 5. Buying foreclosure 6. Network marketing 7. Licencing IP 8. Internet Artice by Macao Millionaire Doctor

2014 JULY Progress Update

So far I have finished reading One Minute Millionaire and now I am half way reading the Multiple Stream of Income. If this progress continue, I should be able to finish reading the remaining one and a half book at the end of this month.

Article by Macao Millionaire Doctor
www.macaomillionairedoctor.blogspot.com

Current Plan 2014 JULY

In order to achieve my GOAL as above. I need to an organized plan. Although I do have some Assets to start with, I am still no where need my ultimate goal of $50,000/Mth. To achieve my nearest Sub-Goal of $10,000/Mth on 2015/05/07. I still have 10 months to work on it. Plan for this month JULY, I am going to complete my Millionaire Bible, which are the summary from Three different books I am going to read this month. They are One Minute Millionaire, Nothing Down and Multiple Stream of Income -- all of them are Author by Robert Allen. On August, I will brain storm money making system and idea base on this Millionaire Bible. On Sep, I will start operating my chosen system to achieve all my Goals.

Article by Macao Millionaire Doctor
www.macaomillionairedoctor.blogspot.com

Approaching Millionaire Mentor

Today  I have the opportunity to approach a Millionaire UK property developer. So how I know this guy, cut the long story short. I current hold to hotel unit investment property in UK. Both these units are develop by the same developer. A few days ago, I got an email from this developer saying there is a Q&A session in Macau for current investor. So I went there today initially to check on how my hotel investment is going with this developer as he also managed the hotel himself via a elected operator like Quality Inn, Best Western, Holiday Inn ... etc. After learning from him my Hotel investment seem to be going great. I ask him directly will he mind having me as partner, mentoring me under his wing to learn his rope. Initially he is still trying to sell me some of his retail investment. But I have told him frankly that I would love to develop these future Hotel unit with you. If there is anything I can do for him so that he can make me part of his team. He didn't seem to accept my offer but he did not reject it directly either. I guess he just try to be nice with his investor. I have offer to have dinner or meal with him when he is dropping by in Macau or Hong Kong. This is the first mentor I have approach for success. He did not seem to take my offer. I will keep moving, keep looking for mentor.

This article is written by Macao Millionaire Doctor

Beginner on the ROAD TO WEALTH

This is going to been the beginning of my ROAD to WEALTH. I setup this blog today to show my sincere passion to be Rich. To tell you a bit about my background, I am a medical doctor working in Macau. As a doctor , I might have a big paid check. But I know this pay check is not going to make me rich. And therefore, I need to mind my own business. To grow my Asset column. My GOAL is have achieve Passive income of $50000 Hong Kong Dollars per month on the YEAR 2019/05/07. And in my future post, I am going to update my progress in achieving this GOAL!!!