About Mey
 
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Would You Borrow Money To Invest?

Would You Borrow Money To Invest?

It’s Mey here on a breezy Wednesday evening, had a nice evening with our financial planner and also worked out at the gym, and now winding down with tonight’s blog Would You Borrow Money To Invest?

…this is a controversial topic…

…and I think it just DEPENDS on the rate of the loan and also what the investment is…

…I recently had a talk with my mentor in Real Estate, and he advised that an investor with CASH wouldn’t go in on a real estate investment unless the return was AT LEAST 8%…

…so that means if you are borrowing to go in, then you need to offset the rate of your loan…

…let’s say that you have access to a credit line at 6%, which is roughly the current going rate…

…well, in order to make your 8%, you need to find something that is a STABLE 14% return…

…so it just depends…

…if you can find an investment like that, then yes, it would make sense to borrow to invest…
About Mey
 
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Do You Lend Money To Your Friends?

Do You Lend Money To Your Friends?

Mey here on a breezy cool Tuesday evening, to boys went grocery shopping and left me to speed blog about today’s HOT topic – Do You Lend Money To Your Friends?

…I did a scope (live video on the Periscope app) today and asked this question, and got a lot of interesting responses…

…one lady had lent money to her brother, and was still waiting for him to pay her back…

…she said he was going through hard times…

…and that HE’S ALWAYS going through hard times…

…another live viewer from Vermont said that they never lend money to friends, if it’s under $100 they just give them the money…

…said it’s not worth the emotional hassle…

…tell me about it!

…some people are good about paying back money and some just are not at all!

…what happens when someone stops paying you back and they still owe you money?
Budgeting
 
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How Much Money Do You Spend on Entertainment?

How Much Money Do You Spend on Entertainment?

…Mey here in Kissaten Cafe How Much Money Do You Spend on Entertainment?

…really, do you spend more per month on meals, movies, drinking, tips and fun THAN on savings?

…do you budget your money and even know how much you spend?

…I was listening today to The Law of Success In Sixteen Lessons by Napoleon Hilland he had so many examples of people spending between 1/3 to more than their salary…

…one young man was embezzling money from his insurance commissions to buy alcohol and ended up going to jail…

…do you think it’s important to limit spending on Entertainment?

…how much would you spend?

…what is the ideal percent we should be spending on Entertainment?
Bitcoin
 
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Bitcoin – Get your Questions Answered About Digital Money

Bitcoin – Get your Questions Answered About Digital Money

…do you know what Bitcoin is?

…are you interested in finding out how to make money with Bitcoin?

…or how it is different from US Dollars and other currencies?

…how about risks and benefits?

…well, this interview with Ghen-ki Tseng, a bitcoin investor that I know, and my brother, find out answers to all of your questions now in less than 15 minutes!
About Mey
 
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How Can You Get Your Spouse To Support You In Your Financial Freedom?

How Can You Get Your Spouse To Support You In Your Financial Freedom?

…this is Mey here with a very important question – How Can You Get Your Spouse To Support You In Your Financial Freedom?

…I’m going to tell you first hand, it is not always easy…

…sure, of course they want you to be financially free, and themselves as well, however, they also want you to take care of the kids, do the housework, work a full time job and so on…

…sometimes they are tired as well with their job and they don’t feel like supporting you because they don’t have the energy…

…so what do you do?
Cash Flow
 
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Business Cash Flow – Is Your Business Healthy?

Business Cash Flow – Is Your Business Healthy?

…I was in a training this afternoon at my Bank and it was all on Business Cash Flow…

…it was really interesting to see how businesses handle their accounting, and how to interpret their financial statements and tax returns…

What Makes Healthy Cash Flow?

…and what makes a business healthy…

…like blood circulating through a body, the sign of a businesses health is the cash flow…

…our instructor said that Cash Is King, and cash is what a business will use to pay back their loan…

…so in order to figure out the cash flow, we had to take the Net Income and then add in things that are taken out for tax purposes (amortization, depreciation…) to get a company’s true cash flow…

…also need to subtract out various expenses…
Exercises
 
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What is Your Vision of Financial Freedom?

What is Your Vision of Financial Freedom?

…it’s important to visualize what financial freedom means to you…

…it’s the first step to attaining it!

…if you are like me then you spend your time outdoors a lot, at the beach, hiking, biking, surfing, swimming and running…

…also, I like participating in sporting events like races…

…I also like just relaxing with my family at home in the evenings, watching Agape or a movie, playing with our son Jordan…

…I also really love my one hour of blogging and growing my business, and my weekly masterminds on how to serve more and more people…

…my idea of financial freedom also is time to myself reading, listening to audios, watching tutorials and learning new things on personal development, investing, business and internet marketing…

…occasionally we go out and visit other places (though I love Hawaii so much, I like staying here!)…

…I also like home cooking, it just tastes better and is better so I would rotate cooking with my Mom and friends who like to cook…
…what is your vision of financial freedom?

…what will you be doing?

…where will you live?

…would you live by the beach like us, or in the mountains, or in the praries?

…what is your vision?