My Durian Life

Sunday, May 28, 2017

How to Multiply Your Time

This video has good insights about we can have more time in doing more important things in life.

How To Multiply Your Time | Rory Vaden

The Focus Funnel

For all the tasks on hand, let it go through the following filter.

1. Eliminate

2. Automate

3. Delegate

4. Do it now or later?

5. Do it now, or go back to step 1.

Reference:
http://roryvaden.com/blog/the-focus-funnel/

What is ROTI

ROTI = Return of Time Investment / Return On Time Invested

To measure ROTI, you can use the below formula as a guideline:

ROTI = Profit / Time

The higher it is, the better the ROTI.

To maximize the time spent in any activity, you should calculate the ROTI.

There no such thing as time management, there is only self management.

Rory Vaden

Reference:
http://www.agile-ux.com/2009/01/09/return-on-time-invested-a-roti-for-your-meetings/
https://thesalesblog.com/2012/07/30/return-on-time-invested/
http://www.fastlaneentrepreneurs.com/2010/roti-return-on-time-invested/
http://roryvaden.com/blog/the-6th-realization-of-rich-people/
http://johnmeese.com/roti/
https://www.linkedin.com/pulse/whats-your-roti-return-time-invested-jim-bohn-ph-d-
http://www.investopedia.com/articles/basics/10/guide-to-calculating-roi.asp

1. Give Thanks to God.

2. Read Scripture

3. Read a Good Book
- Read in the car during traffic jam

4. Good Breakfast

5. Exercise
- Take the stairs at work from Monday to Friday

6. Plan the Day

7. Execute Value Added Tasks

Reference:
http://roryvaden.com/blog/

The Buffalo Running Towards the Storm

A lot of us know that the national bird of United States of America is the bald eagle.

But not many of us know that the national mammal of United States of America is the American bison.

One of the characteristic of the American bison (it's a buffalo) is that it runs towards the storm when the storm comes, thus reducing the effort to fight towards the storm.

It is a smart animal.

Reference:
https://en.wikipedia.org/wiki/List_of_national_animals
http://www.roryvaden.com/#

Thursday, May 25, 2017

Should I Buy Car?

Should we buy car?
How do we know that our investment is a good one?

Is it an asset or liability?

There are a few aspects that we need to consider when we want to purchase a car:

Installment - RM400
Maintenance - RM300
Petrol - RM300
Insurance - RM600 per year (about RM50 per month)
Road Tax - RM90 per year
Parking - RM100 per month
Tol - RM50 per month
Accessories - RM5 per month
Car Wash - RM10 per month

Averagely, you may need to allocate RM1000 per month for a car.
It's a huge commitment that one need to bear once you own a car.
A wise person will calculate properly whether he/she has the capability to maintain the car.

You need to consider the purpose and your ability to own the car.

Another thing to consider is how the car loan installment will affect your DSR that eventually affect your credit score to get a house loan.

A rule of thumb for the loan installment is that it will not exceed 10% of your monthly nett income.

Listen to the podcast below from BFM.

http://www.bfm.my/buku-tiga-lima-pembelian-kereta.html

Sypnosis:
Pada masa kini, kereta dianggap sebagai satu keperluan wajib untuk memudahkan pergerakan kita. Tetapi, dari sudut kewangan, adakah ianya boleh dianggap sebagai satu pelaburan yang bijak? Sekiranya sememangnya perlu kita memiliki kereta, apakah yang boleh kita lakukan untuk memastikan pembelian kita itu cermat dan padan dengan status kewangan kita? Buku Tiga Lima cuba mencari jalan terbaik untuk sampai ke destinasi tersebut.