Entrepreneurship is...

NOT
- a written course that you can take
- a roadmap to success
- obtaining venture capital
- writing detailed business plans
- a Phd in entrepreneurship
- a career path

IS
- being a contrarian
- belief you will succeed no matter who says what
- action over lip service
- the creation of value (over money)
- saving of time (over money)
- pain reduction (over money)
- solving of problems (over money)
- making the world a better place (over money)
- a lifetime of commitment to your ideals (over money)

In other words, entrepreneurship is a mindset.

Thinking about time

I think. A lot. I don't think that's bad. I simply can't stand not thinking. About the future, the past, the present. I dislike talking about crap, small talk and wasting time. I prefer doing things, talking is a waste of time! If people talk less and did more, the world will be a better place. Many people spend their lives floating away their time. Doing absolutely nothing other than their job, with no aims, no dreams, nothing. That's none of my business, but I find that absolutely tragic.

People always think the "next generation" after them is always better. Oh really, in what way? Lifestyle? No, it's just different. Finance wise? No we're becoming poorer if you take into consideration inflation. If you don't put energy into your children or society, entropy results. It's like this. Poor kid becomes rich through hard work. Rich kid now has a family, transforms into rich dad and provides everything for his children because he "really loves them". Children have no concept of hard work, money, etc and think everything "falls from the sky", having the benefit of born into a rich family. Children never learn the concepts or understand what working is from their parents. Rich dad passes away, leaving children will all the money. Children will inevitably squander all that money, and so the cycle repeats.

Look around you, you can see this is at work. Many children from rich families have absolutely no concept of money or hard work because they think, hey if my parents die, I can have all this money, so really why do I need to think about finances? This is extremely evident in western society. I wouldn't say it is the same for Asian countries because the mentality is very different with saving an important habit in almost every family. Western society thinks social benefits are an obligation, that they deserve it. Heck no wonder they are getting poorer. Managing money is much more important than receiving it.

Millionaire mindset or winning a million dollars? You decide.

At my age, I realise time is more valuable than anything. We're all given limited time on Earth, but unlimited everything else. Time flies, literally. For me anyway. See.. in life we don't really run out of anything, except time. Everyone can be a millionaire, with enough time. Time is more valuable than anything else. Everyone gets the same amount of time in a day.

Spend time wisely.

Finances and the US economy

I haven't written in this blog a while so I thought I'll do an update. Financially this has been my best half year ever in terms of my business. I had thought the present economic environment posed a challenge to my business but I was wrong and underestimated either the consumer and/or myself. Obviously I am not counting my chickens before they hatch, as the year end has not been reached yet, but the previous 7 months have been outstanding in terms of profits. Will the next 6 months be the same? I highly doubt so as I have a gut feeling the US stock market will crash within the next 6 months due to the amount of ridiculous awful decisions the US government is making. If I were an American I would march up to congress and demand that all the politicians except Ron Paul, resign immediately. What the heck is the government thinking bailing out Fannie Mae and Freddie Mac ?? Every American household now owes at least $400,000, an amount increasing day by day. If you are an American you need to own gold and silver now as the one surest way of protecting your wealth, if you do not do this you will absolutely be finished when the dollar collapses. And I mean zero, kaput. Get out of stocks now before it's too late. The stock market is still far far off from a bottom. The analysts from Wall Street have been calling a bottom since the beginning of the year. If you'd listen to them you would've been losing a lot of money and that's just from the beginning of the year till now. I feel the US government should allow the economy to collapse and then rebuild, which will inevitably happen. There is so much credit and excess which needs to be gotten rid of. If a house is worth 400K, giving people more money will not make them want to spend that money on the house! The prices have to go back down to reasonable levels before people will consider buying them again. People are so scared of losing money but the fact is that money never existed to begin with, it's all numbers and inflation. If everyone each had a house was worth 400K and each house rose to 500K, did everyone make 100K? Are people "richer"? No, because everyone's house has the same value to begin with. You are only wealthier than everyone else if everyone else does not have the same amount of money as you do. The more there is of something, the less value that something is. So what if the economy collapses and people lose money? Money... there is so much money in the world, it is literally unlimited. Which is why I do not believe in working for cheap. If you make yourself cheap you are just saying to others, my only competitive advantage is that I am cheap so you should hire me. I believe in doing things right the first time and charging a premium for that. Afterall if I do a good job once, it's cheaper than hiring someone else and getting them to do it multiple times, after which it will probably be more expensive anyway! You should always set a high standard and charge whatever you think it's fair, but definitely not on the cheap. It's good to be competitive but if cost is all you can compete then you're going to go nowhere up. My software is the most expensive of its kind in the world. I do not compete on price, I compete on quality and having happy customers. Who cares about competition when I am constantly competing with myself?