Time Vs Money

Time and money are both a very unique entity. Both are easy to spend, and we are unknowingly burning them like nobody business.

Time and money both have a very special relationship together. They are both unknowingly related to each other. Ever heard people saying: "I have the time, but I don't have the money" or "I have the money, but I don't have the time". We unconsciously link both entity together whether you realize or not.

From the above example, we can see that both time and money is actually dependent on each other. Or we can said that both are interchangeable.

You can actually spend more on the other in order to save another.

In the internet marketing world, we always hear people saying go out source if you don't know the particular item, for example SEO. This is indeed true, because is not possible for us to know every single thing.

So, you will tend to spend more money for a SEO service in order to save your time, so that you can get more campaigns done.

Or you can choose to spend more time to learn how to do SEO yourself, and save some money out of your pocket.

You see, both are actually interchangeable.

When you are trying to venture into the internet marketing world and you want to try to make money from this online thingy, you need to realize that this is a number game.

You either have to have the capital to play the game, or you need to have the time to spend to learn up the related knowledge.

Those whining folks out there will not know how much needed to sow in order to become successful in the future. The successful ones already been through and learnt the lesson. Time or money, you need to choose one.

For me, I've traded the knowledge with both time and money. There is no rule on how to balance the both entity. But moderation and not to overburden is the key I would say.

If you want to be successful, invest the money and also the time. Find a mentor that can help you by leveraging their knowledge. By that way, you may save time and also some money.

Time vs Money. If you don't have all the money in the world, how have you been spending you time if time is the only asset you have?

Convertri campaign - earnings overview

Convertri has been launched on 26th July 2016 and the life time access has been closed. If you are not sure what is Convertri, check out my previous post. Simply put, Convertri is a funnel builder that is similar to ClickFunnels.

So why I choose this product to promote? Well, for a simple reason. Because this is a mid-ticket product and the price of the product is $297 with 50% commission during launch period. Also, this product will become ever-green later on after the launch and anyone who buy through my affiliate link I get to earn commission as well. And since it will become competition to ClickFunnels, this would be a great product no doubt.

My strategy would be to do 3 websites and try to rank it up to search engine. After applying the Fiverr and SourceMarket gigs, I'm able to rank on 1st page of Google just 1 week before Convertri launch. Then I got access to the review copy of Convertri, and I've made demonstration videos to direct traffic back to my websites. All in all I'm trying a few methods to try to get traffic to my websites.

The 3 websites are:
http://convertrireviewbonus.review
http://convertriprice.review
http://convertribonus.review

Even though in the end I'm not earning a lot, but with 1 single sale I've already cover all my cost.

Commission from Convertri sale = $148.50
Fiverr = $31.50
SourceMarket = $42.00
Earning = $148.50 - $31.50 - $42.00 = $75.00

Not a bad day huh? That's all I wanted to share. Catch up on the next post.
Cheers!


Remember to browse to my website: http://kphuah.com

Masters of Success - Cayden Chang - Value Investing

Masters of Success - is a conference held on Kuala Lumpur from 15-17 July 2016. It was a whole day event and various speakers are present to share their knowledge with the audiences. I've a chance to join the conference for 2 days, which is on 16-17 July 2016. So let me share with you what the speakers shared and also what I've learnt throughout the session.

Let me give you a little bit of background of the speaker:
Cayden Chang - Founder of Mind Kinesis Value Investing Academy & Professional Value Investing Trainer, and runs the FIRST and ONLY Value Investing Programme that is ENDORSED and RECOMMENDED by Mary Buffett, the Internationally Acclaimed Author and Speaker of how Billionaire Warren Buffett invests. 

Value Investing is exactly what Cayden used to turn his life around. Since major loss of savings, he decided to not invest based on speculation. The method he started using back then to generate over a million dollars in net worth is called Value Investing. What really helped him most was generating passive income. Once you have the feeling that you can support yourself and family passively, a giant burden gets lifted off your shoulders. It's like you no longer have to tie yourself to things that don't make you happy. You can "break free" from the boring things that you think you have to do to earn an income.

During Cayden's session, he shared with us the secret about Warren Buffett's investing strategies that he uses to make millions of dollars passively using only 15 mins a day, how to distinguish which stocks are on sales using a proven technique (As easy as ABC) that identifies undervalued stocks that are worth more than what they appear to the public, how anyone can evaluate companies like a professional using a simplified technique which only requires you 10 mins, how anyone can receive a quarterly cheque from your stocks on top of your capital appreciation consistently, and last but not least to discover the simple technique of how you can generate additional income from your stocks by renting it out for a fixed amount of time.

So, what is the most important investment in your life? Well, that is the LESSON#1: Invest in ourself. In this context, we are talking about knowledge. We should be investing into getting the knowledge in order to achieve a better future for our life. So there are a few steps that Cayden is suggesting.

1. Gain the knowledge - by all means get as much knowledge as possible on the topic of your interest, be it investing, trading, cooking, teaching, sewing, or any niche that you prefer.
2. Accumulate enough capital or cash - every business or investment start with some amount of capital, there is no argument about this, there is no free lunch out there.
3. Willing to spend the time - all types of investment or business will need the willingness to spend the time on it. It can be spending time to learn, cultivate, practice, or mastering a skill - all that need time.
4. Put the knowledge into action - this is a typical step that is most important, result come from the actions that you took. Don't become NATO (no action talk only).

Then, there is the LESSON#2: Learn from mentors. Why? Because they already been there and done it. Don't waste the time and try yourself. Learn from someone that is already been through the process and then we can learn faster. I understand we all have the ego to want to be expert saying we learn ourselves and show how superior we are to others. But let's faced it, how fast you can learn from mistakes? Do you have the time and money to spend on to fail multiple times before you get the right recipe? And the mentor in this case, we have to choose those that still working on that particular topic or niche. Not those outdated professor that never been through the "real" case study.

So after the 2 lessons, Cayden shared more golden nuggets.

He asked us to focus on these 4 items in any investment or business.

1. Proven System
2. Easy
3. Minimal Time
4. Little Capital

This will make sure you lower your risk and also help you to achieve your goal faster.

Cayden talked about value investing already exists long time ago. The book called "The Intelligent Investor" by Benjamin Graham - we call him the "father of value investing" already talked about value investing in the 20s. He recommend we read the book and get to essence from it.

Next, Cayden mentioned about passive income. What are sources of income that is consider passive? Well, there are a few.

1. Capital appreciation stocks
2. Dividends
3. Selling options (cash flow options strategy)

Last but not least, he introduced the "ABC" system.

A - Assess --> meaning find a good company to invest

B - Buy --> using a VIA calculator to make sure we buy at lowest price (cheap)

C - Cash --> cash flow options strategy

In summary, Cayden as the only value investing trainer in Asia, he showed to us the important of value investment. Like how other guru or expert in the industry, they never forget about value investing. I've understand the importance of value investment on ourself and having the correct mindset for achieving financial freedom. There is no one system that you don't need to put effort in order to achieve financial goal, and there is no free lunch. All that are traded by your investment in knowledge, time and effort. And if you put that into actions, you will eventually on the right path to achieve your financial goal and success. It may take you another 1 month, 1 year, 5 years, or 10 years. But all the effort should be persistent and it will never become a waste if you are investing into yourself.

A great talk by Cayden indeed. Chat soon, bye.

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