Ryan Ho's Entrepreneurship Blog

Conception is the act of conceiving, the state of being conceived, to form an idea of something, it is the fusion of gametes to produce new organism of the same species.

The word conception comes from the word concept which is an idea which was either passed to us via learning or what we picked up as we grow and learn from experience.

The most common concept, idea about wealth and success is that “Money is the root of all evil”. I am sure most people would have heard of this concept at least once in their lives.

Like I said in previous blog entry, money is a double edge sword, and it is and can be anything except evil.

The root of evil comes not from money but comes directly from the beholder of money also known as the person who desires for great wealth, fast cash, quick cash, instant cash that contributes to this concept of money is the root of all evil, but those who think that money is evil didn’t even at once look around themselves and understand the many different uses of money in the society and all over the world.

Money being used to commit crimes is just a small minority uses compared to the businessmen, entrepreneurs use of money for other purposes.

Money is conceived by many different channels, and we definitely can grow our money with the right choice of vehicles chosen, and the most discussed and widely used way is not the best way which is to throw and trust your hard earn money to the banks, insurances and let them do what they want with your money in return for peanuts.

You should instead grow your money; invest in instruments which can help you grow your money. By investing in a person, property, or business, the person, asset or business will be the vehicle that will help you grow your money, in a way giving birth to more money like a money tree with ripe

That is the real definition of growing your money, instead of buy and spending your income, which typically goes like this “pay bills, spend & enjoy, save the remaining” on a monthly basis.

Instead it should be “pay off bills, invest a portion, save a portion for raining days than spend the remaining to entertainment”.

I am sure this is so simple for anybody to apply that no body will need to even pay or engage a financial or wealth manger to help you with money management.

It is actually a extremely simple common knowledge that poor thinking people often complicate things and ask questions that only complicate and worsen any simple problem thus thinking it is extremely difficult.

If that’s the issue you are having now, go read up on Singapore history, do our forefathers after WWII have problems with starting their own street business in Chinatown and in other areas?

Learn from history and ask your elders, stick to the basics and it will save you lots of money.

You do not need to be intelligent to grow your money; you just need basic common sense.

Keep it simple, and love what you are doing, this way you will succeed.

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Money can be anything that is accepted as a payment for goods, services and repayment of debts. It can be in gold, silver, or other metal pieces of convenient form stamped by public authority and issued as a medium of exchange and a measure value.

It is tool, a double edge weapon, which both the rich and poor people use for different purposes.

Rich, wealthy and successful people use it to benefit more people via charity, sponsorship, and philanthropy purposes, and not forgetting by being generous, it also helps to reduce the tax payment thus businesses never fails to donate and do their part for charity. There are so much advantages to doing charity.

Poor people on the other hand use money as a weapon, to put themselves only to more harm via what everybody knows of the lack of financial knowledge and proper financial management. It is more about understanding the basics of money management, the returns on investment which differentiates the wealthy and the poor.

Wealthy invest while poor spend their money.

Invest for growth, using money as a seed, fertilizer to grow more money trees via business acquisitions etc.

Spending money only increase the debts, liabilities and more financial woes to surface with time and encouraging of bad habits.

You don’t need to pay school fees to learn how to manage money, you just need to think right and start from the basics and go in the right direction and get the right coaching from mentors who will give you more examples on how to increase your wealth.

Coaching is only applicable to successful businessmen and not financial wealth managers who are employees who are not trained to do so, even if they are trained by banks, they are just trained to use money to roll money, but they are not trained in using little or no money to grow money.

So if you want to grow your money tree to be strong and healthy, find yourself a coach and learn from them. If you are a cheapo like me previously, just stay tune to my blog or website for more examples and understand the difference in thinking which should be able to help you get a better idea of money management without paying a single cent.

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Abandon is to leave completely; forsake utterly; dessert; to give up, discontinue and withdraw from. Most of will naturally come to think of abandon ship. It is a natural instinct of survival.

It is the most decisive decision which everyone will have to make in order for survival, especially when lives are at risk. No body will want to sink down together with the ship.

In marriage, divorce happens when either one of the party refused to give in or change the negative habit example gambling, thus most wives leave the family for a better life on her own outside resulting in broken family.

In business, partners will abandon each other in times of trouble. That is when business fall into pieces. Companies will fire any unproductive or under performing employees to reduce overheads. It is not harsh, it is just the natural law of survival, thus unemployment issue is always there in every single country without fail.

Survival is about the sacrifice of a person for the purpose of allowing more people to survive thus abandonment is always happening around us.

In the rich and poor example, especially in families, rich, wealthy and successful people isolate and distant themselves from their poor unproductive family members purely for survival, and it is not at all cruel. It’s just facts.

In the process of entrepreneurship, such people already have tried their ways to convince, and encourage their close ones to change and work hand in hand together with them, but if they always end up in disagreement and unhappiness, there is no way both parties can come to a conclusion especially when it comes to financial planning and budgeting issue, thus poor and rich will always have a clear line separating them, because of the clear distinct difference in financial knowledge and understanding.

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Foundation is the basis or groundwork of anything.

To learn to walk and run, we first have to learn to crawl and balance by standing on our own two feet.

To speak a variety of language and dialects, we first have to understand how to talk and communicate.

To do business, we have to learn accountancy which is a advanced mathematics derived from basic mathematics of add, subtract, multiply and divide so as to calculate profit and loss.

For good health, we first have to ensure our body constitution is in good health with the help of traditional Chinese medicine via herbs therapy.

Building a building requires a strong solid foundation, the portion of building’s structure that transfer the weight if the building into the ground strata so as to remain strong.

Healthy relationship between family, relatives and friends requires a strong foundation of trust and bonding too, which is cultivated and built since young by celebration events and gatherings.

Like wise, marriage and boy-girl relationship is all about emotions handling which is needed in everything which we do, in presentation of business, family communication, health, and the passion for language learning. The love for learning and doing anything keeps us moving forward and always improving for more.

Driving a car requires the basic understanding of both theory and practical knowledge and experience too.

Like a tree in nature, it starts small, grows deeper as it grows taller from a small tree to a strong tree sufficient to stand and withhold itself against strong winds with its deep roots spread all over thus it is not easy to uproot a tree.

Whatever we do, we need to stick to the basic foundation, so never ever belittle the minor details which is a necessity to start the learning curve. It is the catalyst to success.

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Disdain is to look upon or treat with contempt, despise or scorn a feeling of contempt for anything regarded as unworthy.

It is not a pleasant state of mind to look down on something, somebody or ourselves. People who do embrace disdain, are the people who are complaining of no money, money not enough, get a job work hard and get paid; those kind of mentality are what makes the majority of the population.

On the other hand, the successful and wealthy people accept themselves, and have admiration for even more successful individuals wanting to be like them, thus the rich always hangs around with one another while the poor does the same also.

People, who look down on themselves and others, are not helping themselves and instead is dragging themselves gradually into poverty social circle, restricting themselves of each of our own rightful wealth and success.

Every single one of us are winners and champions, the moment we were given lives in the womb, we were already champions because we beat the other millions of sperm and thus life was formed.

Success is not determined by birth, family, social status. If you seek success, it will be yours eventually if you work hard and are committed to doing so.

We should not listen to non-constructive comments and hang around with people who are not helping each other to improve ourselves. We should hang around with people who are honest, straight-forward with feedbacks so we can learn and improve everyday and every second.

Average people of the majority is contented with living in a unrealistic world thus they only think of study hard, work hard and get paid, depriving themselves of the possibility of success.

Think and act like a champion, and one day, you will emerge as a champion in your own niche with passion as your fuel to success.

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Pets are animals which are kept by man for companionship. There are different kinds of animals being kept all over the world depending on the law of respective countries.

In Singapore, pets are limited to non-endangered or life threatening pets; example sharks and snakes are prohibited pets. The locals these days no longer treat and view pets like they do in the past.

Previously, dogs were bought for the intention of guarding a home, which has slowly being replaced by security devices and dogs have since lost its purpose and dog owners are increasing getting owned by the dogs rather than they own the dogs.

Look around the neighbourhood and observe those people who walk their dogs, some clean up their dog’s ass and use the tissue to wipe it, while others use the shopping cart which housewives used to push the pet dogs around instead of them walking.

The other thing is when pet owners walk their pet dogs, some owners will actually be lead by the pet dogs themselves and let the dogs lead the owner and that speaks one point, people are increasing getting used to be lead without the ability to lead and take charge of their own lives.

Rearing and breeding pets should be kept for companion purpose but not to keep them allowing them to climb over the owner’s head controlling the owners instead.

Choosing the right people to work with is important in business, so if you don’t know what you are looking for in a partner, start off by looking and observe how pet owners take their dogs out for a walk, it will give you a clearer picture of what you want and what you do not want. It will not give you all the criteria for choosing a partner, but at least it starts you off with some basic factors to look at.

It is about exercising your control and rights.

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Gambling is the wagering of money or something of material value on an event or with an uncertain outcome with the primary intent of winning additional money and/or material goods. It is the play of any game of chance for money or other stakes and to take a chance on either a venture or risk towards success.  It can be any matter or thing involving risk or hazardous uncertainty.

By adopting gambling, it is to engage in a reckless or hazardous behavior and in the process of doing so, affecting their close family members and people living near them.

It is only today that I talked to my mom that I understand their thinking. They think that they are investing rather than gambling. Investing in a new hope on a daily basis, resetting their losses on investments with each new investment, purposely does not want to know and record how much they start to ‘invest’ in gambling activities.

The wealthy and successful businessmen will factor in their total losses on investments and proceed onto another business venture if the business is not doing well, but the poor does exactly opposite, ignoring their losses, keep pumping in money with the slightest hope of recouping their daily investments.

Gamblers are investing in the wrong area which leads them to poverty, it is the poor who are digging their own grave and adding more restrictive chains binding themselves to poverty instead of wealth and success.

Lottery, 4D, TOTO, horse racing and even casinos are the traps businesses set for their own company and business profits increasing their own wealth at the expense of the already poor people.

Gamblers often say “small bets will not matter much” but the issue is not placing a small bet, but to be completely blind to striking a balance in their own financial statements which requires basic accounting knowledge. It is like wanting to work to bring the bread home and striking a balance between family and work time. People who are addicted to gambling purposely blind themselves to greed and worship money rather than being hardworking to learn the tested proven ways to increase their own respective pot of own gold in terms of hard earned savings in hope for a decent retirement without worries.

Just look at the track record of winners from gambling history, is there anybody across the world who as being featured in the news to strike the jack-pot winning millions and is able to increase their pot of gold instead of gambling it away bits by bits? Are they able to increase their own wealth without any external help of professional successful businessmen, no gamblers to date since the day gambling was invented has made it possible?

The answer is obviously clear cut and straight forward, gambling will not make anybody rich, instead it is the gambling operators that are successful and wealthy from, it is a simple predator versus prey whereby the gambling operators set multiple traps within the gambling den and the casino with more chances of recouping their losses and highlight how much the highest ‘lucky’ winner has won to date to encourage gamblers to spend more.

Like business whereby nine out of ten businesses will fail ten years down the road, gambling is identical if not the results don’t need to take ten years, in fact just one year will see the results with nine out of ten gamblers losing money than profiting from gambling.

If you who is reading this article right now, agrees and wants to increase your chances of winnings with the factors you can control to reduce your risk of losses, contact me right now and I will show, lead and guide you on how to grow your money into wealth.

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Consideration is the evaluation of facts and benefits keeping in mind of something.

It is the process of weighing the difference effects and consequences to something before, during and after the decision has being made. Thinking about the results, if it will produce positive or negative impact, who are the affected parties, who will benefit, who is the main targeted market who directly benefit from the decision.

The poor, takes lots of time to come up with a decision, without first knowing what they want, how they will judge and access anything when the time calls for a decision to be made. First thing that comes to the mind of the poor is “let me go home and think” which not only isn’t productive, efficient and it will further delay the growth in all aspects. When poor people goes back to think, the people they talk to are people who knows nothing, and when a ignorant person ask another ignorant person, the answer after the decision is nothing thus hindering their own success and growth.

The wealthy and successful people have their own way of consideration and will set a date line for all decisions to be made with the exception of when the project/proposal will implicate the whole business, employees, than no time limit will be set. The general consideration factors typically hang around these few.

Projected return on investments, target market, strategy to penetrate into the market, what are the risk and rewards to themselves, the employees and the company/business. Will it be possible to expand business into a new area to increase profits and slowly build an empire, who is the partners they will be working with, do they have the clean past track record, their respective style of doing business, how they treat their partners after a successful project, if they turn their backs around them and run off.

Wealthy and successful individuals have their own respective consideration factors to think first before making any decision. The higher appointment you hold in the business, the deeper your consideration needs to go under to areas which will be overlooked.

When it comes to making a decision, they are fast, efficient in this aspect while the poor takes their time, drag this drag that, thinking the opportunity will wait for them living a their own made believe world.

People who go from rags to riches will understand this time, timing which is why all self-made millionaires and billionaires keep increasing their wealth as compared to businesses whereby it is handed down from generation to the next.

People who are already successful born in a silver spoon might not necessarily understand the essence of it because they have the power (money) to do things from the start.

If you don’t know what to consider, ask the person who introduce it to you, they can help and assist you in making an informed decisions with them knowing the differences among their competitors.

The more time you think without discussing and asking questions and keeping those questions to yourself, the higher your chances are of failure. Wealthy and successful people are not afraid to ask, it is only when they start asking, they learn something new and thus more windows of wealth accumulation will be opened up to them.

If you don’t know, start asking. Be humble, but never be modest. Give credits where it is due.

“The more you learn, the more you realize how much you don’t know” – Donald J.Trump

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Substitution is to take the place of a person or an item, to replace the place of something by having a substitute.

Using substitute is a negative habit or mindset thinking that a replacement is just as good, false conscious self-denial thoughts to our mind, replacing inferior quality or less worthy brands for the original brand.

Substitution only happens and is embraced by poor minded people who can accept anything as long as they have something. Wealthy mindset people will however reject and only accept the best they can find without allowing any room for quality drop in terms of service, product or packaging.

Look at the poor, they trying to buy electronic gadgets, latest multi-purpose handphone with camera and mobile computer built in functions wasting their money, keeping up with the fashion fad making themselves only poorer and saving less and less with each increasing month as new products are launched into the market. With new products, poor are getting poorer buying liabilities and not assets.

Look at the wealthy successful people. They purchase property, never sells it, instead they rent it out, collect rents, buy new properties, mortgage it for new property and repaying the mortgage to keep their properties. They sell only assets such as units in a building and not the ownership of the building which they still own the rights to. With a leasehold period, there’s a expiry date to the transaction, so the owner can resell the unit again when the lease term stated in the contract is due. Wealthy people build wealth; they never sell it away making others rich, they just make themselves and help people who help them get rich.

If you want to be wealthy and successful, stop accepting substitution for replacement, insist on the original, and some day you will find yourself to seek for items, assets which you never once looked at.

Learning to say ‘NO’ is a start, mastering the skill of selectively rejection by saying ‘NO’ is the mastery of skill to a wealthy mindset.

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Leverage is the use of a lever for advantage over something by using lesser effort. It is to use a small initial investment to gain a high advantage in relation to one’s investment, and to reduce one’s own liability for any loss. It is creates a win-win situation for both parties. If it’s a group investment, it will benefit all of the participants and getting a fair compensation at both sides.

Wealthy people always leverage do helping their partners to earn more wealth together, but the rich people always and only will use people exploiting them for maximal advantage for their person gains.

To succeed and generate wealth instead of money, hang around and get to network with people who are most willing to help people who are willing to be help. Gentle reminder, to succeed and hang around with such people, if you have any hidden agenda or want to steal their business secrets and strategies, you will be plucked out before you know it, people especially them have high level of sensitivity when it comes to deciding who to work with and select at business partners.

Even I thanks to years of exploring and doing direct sales have acquired the high level filtering process of choosing people, what more can you expect from people who have being there, done that?

To have win-win situation, don’t doubt with people who you work with. If you doubt them, don’t bother to even try working with them.

Seek to form alliance and network with people who will guide and lead you by hand and not to exploit and make use of one another cutting and killing each other.

用人不疑，疑人不用。

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