Archive for February, 2008

Thinking Like An Investor

Saturday, February 9th, 2008 by Alan Yu

I saw a clip from the Larry King show that had a panel of money gurus on it and were addressing the fears of a recession in the US. Now apparently there is some kind of plan down there to give families say an extra $600 a year that is going to take place in hopes that people will spend it to reinvigorate the economy.

For the most part, they were cynical on how it is only $600 which won’t do much and that in terms of a recession they viewed this time as a great event if you’re an investor as it should be time to buy with prices being low. They then dived into how people have to change their way of thinking when it comes to money as generally if you are stuck with that workers mentality when it comes to money then not surprisingly times like these will be bad for you.

The general message is very true I thought as it does have a lot to do about mindset when it comes to money. The only thing I was a little bit iffy about was the notion that $600 can’t do much. Maybe I am just one of those Internet age people, but you can definitely do a lot with $600 if you really want to. Heck, with the Internet there are so many things you can do even with no money to try and generate an income.

Even thinking of it from a more traditional view, I even see things such as people say holding their own simple speed dating events which costs them very little to do while being able to generate a profit fairly quickly. Good old fashion entrepreneurial spirit mixed with passion and ambition I guess you can say.

I guess like with the $600, even with that it comes down to mindset as you shouldn’t limit yourself to only one type of thing that you can do. Example, if I was only thinking more traditional investments such as stocks and real estate then of course that figure sounds like nothing. Expand your way of thinking. This might sound strange, but another example would be to take that $600 and invest it in yourself to become more knowledgeable as a person. Your newly acquired knowledge can end up generating great returns for you.

Celebrity Apprentice - Episode 6

Friday, February 8th, 2008 by Alan Yu

This episode started off with some soap opera-like drama. Omarosa at first was acting as if she was the epitome of integrity and success in life it seems. She began to attack Piers Morgan for his actions previously and even implied that Lennox Lewis was “just as dirty.” After a few exchange of words, Omarosa arrogantly walks by Piers and pours her drink on his head.

A short while after, Stephen Baldwin mentions that he wants to resign from the show as a result of Piers. Just my opinion, but you don’t need to be an expert to be able to see right through that as it looked like it had more to do about being caught in a lie/contradiction with Piers being a cop out excuse. Ultimately, Baldwin spoke with Trump about wanting to resign and instead Trump mentioned he should just go to Empresario instead which was the end result. Funny thing was Baldwin mention that he had to speak at a Church and as result he wouldn’t be fully involved in the task.

The task this time around was to create a “living window” display that would feature mattresses designed by the renowned designer Vera Wang and teams will be judged by creativity, brand imaging and entertainment value as judged by herself and Bob Sherman who is the president of the company Serta. The project manager for Hydra was Lennox Lewis and for Empresario it was Omarosa.

Empresario’s direction was to focus on a “perfect marriage” theme which was definitely a more conservative route of the happy bride and groom presented in a dazzling heart warming way. Hydra decided to go with a more creative route revolving around the thought of “The world’s greatest romance deserves the world’s greatest mattress” and created a symbolic visual of Cleopatra and Mark Anthony as a couple with a modern day twist. Again, it was Trace Adkins that came up with the idea for Hydra and it is quite amusing to see how he is so quiet yet ends up coming up with all these brilliant ideas.

I couldn’t stop laughing at the events that took place on Team Hydra’s side. Essentially, Lennox Lewis’ management style was that for every decision and direction for the project he would do it in a team voting style as oppose to him making a decision. It was a very disciplined management style I guess you can say. He was getting ridiculed by his teammates for it and the funny thing was everyone, including himself, were just having so much fun with it. I guess the music they had playing in the background made it even more comical.

In the end, Team Hydra ended up winning as their presentation was more creative and was focused in expanding Vera Wang’s brand out of just bridal themes. Lennox Lewis then got $20,000 for his charity the Muhammad Ali Center. Piers Morgan made a comment after and told Omarosa “Well, Bad luck. Bad luck next time huh?”

In the boardroom it came down to Omarosa, Marilu Henner and Nely Galan. It seemed like with those choices Trump was pre-meditated in getting rid of Nely for past incidents. It then got kind of fiery as Nelan Galan called Trump out on that and tried to defend herself such as back in the episode when Gene Simmons was fired on how people respect her enough not to bring her in which should say a lot.

It looked like she had crushed Trump a little bit there as he had no immediate answer. In a normal circumstance, all the things she said were pretty solid though in my view. If you think about it, it is kind of hypocritical in some way to use that past issue against her and yet for some reason a person like Omaraso, who probably has the worst history and lost twice as a project manager so far, seems to be hopping along still. Regardless though, Nely was fired. Just to show how agitated Trump was, he ended up saying “get the hell out of here”.

Should past issues play a big role? From my personal experiences it is generally a yes. This episode had to do a lot about character and integrity. While the show was leaning more towards an entertainment side of things I thought, it is so important in life in general to be able to find people who share that level of honesty and integrity to associate with. Like they say, history is there so we can learn from it.

Chinese New Year

Thursday, February 7th, 2008 by Alan Yu

Today is Chinese New Years with this year being the year of the rat. I was just reading this article in the paper where Feng Shui experts were predicting what the outcomes of this year would be. The highlights were that there is going to be a lot of world tension and natural disasters. On top of that, there is supposed to be a lot of sexual scandals.

It wasn’t exactly a positive article I guess you can say for the new years. I personally think it is nice to keep in mind in terms of a point of view, but it is kind of way out there to start making decisions solely on things of this nature. It’s kind of like astrology I guess. When people tell me that I fit the exact mold of a Pisces as proof that it is like the law, it just make me think “Let me introduce you to this guy who was born under that sign too who’s hobbies seem to be being promiscuous and at the same time hurts and lies about others to get ahead in life.”

In terms of business and money, people usually spend a lot of money consulting with people such as fortune tellers. I personally treat a new years as an extra push to get you to start doing anything that you procrastinated to do which could have impacted your life a lot. That’s definitely the case for me as in some ways I think I have been extremely over preparing in taking action on a specific event and the thought that it is a new year sure makes you want to do it now.

Chinese new years usually means red envelopes too where unmarried people are given money. That’s always nice as an unexpected form of income to say save or invest. You just shouldn’t forget to return the deed when you are in the position to do that in the future. Gung hay fat choy.

Finite Amount of Money

Wednesday, February 6th, 2008 by Alan Yu

I was just told this observation where when it comes to managing money and teaching younger people as well as some older people about it, one of the key reasons why one would tend to mismanage their funds is that they don’t fully grasp the concept that you can run out of money.

Sounds kind of strange when you think about it huh? In a broader perspective I guess that makes sense. For example, nowadays when one runs out of money there are so many options to still get what you want such as through credit or even borrowing from others.

This must be one of the simpler things to learn though if it is an issue in one’s financial situation as I’m sure even things like having to buy certain grocery items with an X amount of dollars would help lot.

Subliminal Advertising

Tuesday, February 5th, 2008 by Alan Yu

I was passed this video today that was trying to prove about how anyone is able to fall to subliminal advertising. I don’t know if I can honestly say that I have ever spent money as a result of a subliminal message. It sure makes me wonder how much money people spend on average as a result of it though. This was the video: