Saturday, September 27, 2008
1. want to buy a lamborgini for my brother
2. House for my mom, and personal assistent for her 24 hours a day.
3. a personal nurse for my grandpa, and a chef and house keeper for my grandma
and a gardener for her with a big back yard full of flowers. Also a Slot machine for my grandma that changes every month so she doesn't get tired of playing the same one and of course with a lot of money in it and she wins the slots every once in a while.
4. a bigger ring for my fiancee and future wife. and a aston martin dbs
5. a personal tennis couch for my cousin angela, and anything she wants it's usually video games she's such a good kid.
nothing for me and I'm a pretty moderate guy in chinese there is a word it's called man zhu, it means satisfied little things make me happy and I'm pretty satisfied with my life. though I always want to be first that's why I thrive and hustle.
Sunday, July 20, 2008
Recently we've hired a office assistant/operations coordinator for the nightclub I work for. We've gotten really busy and are developing new ways to promote our venue, and needed more staff to accommodate this new endeavor. The person I hired turned out to be someone that worked out great for us. You know honestly when you hire someone you can never tell during the interview process what he/she will be like during a work day. You cannot judge a persons ethics on work or their ability to adapt to things with a 5 minute interview. But in most cases that's what it is a first impression makes a huge difference in the interview process. I look for certain things while I interview someone to judge the quality of work they will do for us. You know you've hired well when you don't understand how you got by the day without them their to help.
1. personality- I usually see if they are upbeat, and if they are they too over the top with it. Because even though they are great for the interview it might get on your nerves after awhile.
2. appearance- even though I hate to admit, looks are very important to me, it they do not fit the mold or the appearance of what your looking for it just won't work. ( mind you I'm not the typical or expectational either. I'm 6ft about 195 pounds I've let myself go but I want to hire people that I feel as though fit the mold of the Hollywood standard) This is what I look at first before I even interview someone, I know it's shallow but I can't help it I think of the venue and the people we want to attract and that's how I hire.
3. work ethic- sometimes a resume can show you if this person has been at a job for a long time, or has worked for a long period of time over all. Places they have worked is important as well. Now if the person just has the appearance and he/she work ethnic is not up to par, they will be out of this establishment quickly that's why the nightclub scene has such a high turnover ratio in staff. Usually you hire people who think it is one way and find out the club scene isn't what they see on TV. They can also be actors, doing a side job and once they get a TV serious or movie they are out of the rotation. If a person works hard takes his/her job seriously doesn't' complain to much and doesn't mind the weird hours that person is a keeper. Note: you have to make sure a persons resume is valid and not something they just punched up to make themselves look good. bottom on this a persons work ethic shows after the first 3 week, and after the first year of work.
4. smarts- when I say this it's very general but what I mean is being smart isn't just doing things by the book, or know what the cubic squared of 1 billion is. It's a combination of street and knowledge and having common sense. You want to hire someone that can go inside and out the box, and but at least know what this box is and can understand the box as well. I hate to say it but from my experience some people have it other just don't. I don't know if it's a learned quality because I feel as though it was innate in me. Sure my experiences in life have change me into the person I am and has molded me in some views that people at a management level think but it hasn't change a lot of my instinct decision making. So that's why some people make it and some people don't.
5. humble- I know people might debate about this because others might say someone who is vain or materialistic understands the Hollywood scene better. I beg to differ on that one, being humble doesn't me you aren't the best, or that you are not as good. It means you know who you are and can appreciate other people as well without seeming to over the top.
6. eager to learn- someone who wants to learn your trade rather then just doing for the money will work harder for you. With money after awhile every job becomes a duty but if your eager to still learn you are benefiting yourself with something other then just money. It's better to be taught how to obtain water then just to get water from others. That's why internships pay nothing but what you can obtain after the knowledge and connections of a internship will benefit you years later. Take learning seriously. I am constantly trying to learn from others, only that way can I better myself on what I do.
If you can't see why these things shouldn't be what you judge a employee by, let me know what you think they should be judged on or better yet it's probably cause you've never owned or managed something. Now was that humble I'm not quite sure.
Tuesday, July 1, 2008
I've really not had any time to keep up with friends and family, just loved ones overall. Lately I've just been wanting to win the Lotto and sit back in Monte Carlo. But anything you want isn't easy to obtain, I need to get back into the groove of things again. Reading usually helps me maintain my sanity and also gives me new ideas about work and money. I'll try to finish a new book this month and see how I feel. I just need to sell my first item on Ebay to understand how it's done then I can do it on a regular basis. Wish me luck.
Saturday, May 10, 2008
Tuesday, April 29, 2008
When you get into a market first decide if you want to make a quality product or move on a quantity product it will save you a little time and know how to contact the right people to do want you want to do.
Tuesday, April 22, 2008
Sunday, April 20, 2008
On a side note now that I blog more I feel as though I'm actually practising my writing skills, and that isn't at all a bad thing either.
Saturday, April 12, 2008
Update Myspace- my experiment of trying to add people from myspace to refer to my blogsite has not yet taken off. Myspace has really locked down on their adding policies it's quite time consuming to add person by person unlike before. I also get a lot of spam myspacers but they aren't the type that will direct into your blogsite. This month I'm thinking about using a add bot for myspace not sure if it's legal or not but the program adds people from myspace for you.
Facebook continually is good but I feel as though it's just most of my friends reading up on what I'm doing but still it generates a good amount of unique visitors. My good friend Success2Success has has brought 7 readers to my site. You can always count on his site being the most well written and informative site about investing in real estate and being a entrepreneur.
here is what my Adsense and Analytics look like for my first month.
93 Absolute Unique Visitors
1.63 Average Pageviews
00:03:07 Time on Site
73.24% Bounce Rate
29.10% New Visits
I'm far from making a living blogging and I realize since the start I've slacked off a bit but who knows this is a new venture it takes time and I won't give up on it just yet. For next month I'm going to write a article a day or at least 5 articles a week. Also add more people to myspace for my blog site. Also I'm going to join MyBlogLog.com which is a resource for bloggers.
Wednesday, April 9, 2008
My mother in her twenties went to Sydney University to do her undergrad, she told me while going to school she had to work two jobs( waitress in a restaurant, house sitter) to put herself through school and also send money back for me. After that she moved to LA and got her masters from UCLA. She was a curator for the natural history museum and had a short stint in TV promotions. In her late 30's she started her own television company from scratch on very little funding. At times she was the editor, broadcaster and writer before she got any kind of staff. I can still remember her working in the den of our old apartment editing tapes she would be there when I slept and still at the same spot when i went to school. Through it all I've seen her lead conventions, I've seen her give presentations at board meetings with industry executives where she was the only woman in the room. She in my mind has always been a powerful woman. Her television company lasted 15 years, before a long fought out litigation case with her partners where she lost all her money. But to see her rise was a wonderful experience and one day I hope to bring her back into that light again. Below are some of the things my family and especially my mother has taught me.
1. Knowledge is like a vitamin bottle, if you never take off the cap how can you get what you need.
2. Always buy the most expensive item you can find because it usually means its the best, assuming you can't do research on it.
3.Finish one thing before you start doing another thing.
4.Never embarrass your enemies or give them only one choice to live because when it comes to that they will fight back and fight harder. Always give you enemies a way to get out gracefully.
5.It doesn't matter if you read a thousand books or walk a thousand miles you learn the same knowledge.
6.Only way to learn is to travel and find out what other people are doing.
There are so many more I can mention and when I have more time I'll write about what her teachings means to me. For now you can read up and hopefully one of these can help you realized or open something in your life or business.
Saturday, March 29, 2008
How does one go from selling one product to selling millions of products? How does one go from one reader to millions of readers? There must be a tipping point to this if you want to follow the book it's fine but here is another theory. Let me tell you about the 100th Monkey effect, and how it can help you attain greatness.
The story goes that in 1952 Japanese Scientist were studying the macaques(type of monkey) on the island of Koshima. The scientist were observing the monkeys eating habits, which consisted of the monkeys picking up sweat potato's from the beach and eating them. The monkeys would pick the sweat potato from the root, and eat the clean half tossing out the dirty root half. This you can imagine was a waste of the potato and also more time consuming because the monkeys had to search and pick more to fill up their bellies. One day while observing the macaques a research noticed that one sole monkey began to wash the potato in the a near by stream. The researchers were puzzled maybe the monkey saw the researchers do it to their food. The monkey after washing the potato in the stream ate the whole potato because it was clean from root to tip. The monkey could for the first time eat the whole potato instead of having to discard the dirty portion. One would think this was a break through and monkeys would embrace this everywhere, but this is where it gets interesting.
At first the sole monkey who discovered the washing technique of the potato was ostracized by the older monkeys. He was no longer able to be in the group, the older monkeys would hit him if he tried to rejoin the group. But the sole monkey still washed his potato in the stream, he ate more and had more time for other things. Slowly the younger monkeys started to imitate the sole monkey and they began to eat more in less time as well. It still wasn't done by all monkeys, until one day the researchers noticed that when the 100th monkey decided to wash the potato that it became wide spread. Hence the 100th Monkey effect, the number 100 seems to be the key for your product, your daily viewers, whatever it maybe to take off into greatness. For my blog to truly become great and become widespread I'd have to have 100 daily viewers a day. That should be my goal and that's the key for my blog to take off.
Thursday, March 27, 2008
I've pondered this question before if saving money is actually a way of investing. You can look it both ways. Some people believe if your really investing there is risk but when you save there shouldn't be risk. That brings me to the Roth IRA, if you don't know what it is your missing out on the best investment of your life. A Roth IRA is a retirement savings accountant, the basics is this.
1. You are taxed for the amount you put in but not taxed when you withdrawn you Roth IRA account.
2. You can invest your ROTH IRA money in stocks, real estate, mutual funds, or savings accounts like a CD. You will not be taxed on the money on withdraw at starting at 59 1/2.
3. You can deposit up to $5000 as of 2008, it was $4000 before 2008.
4. You can deposit the money in the account and watch it grow even if you hit the ceiling at a later date.
a. Lets say at 25 years old you are not making $101,000 ( which most of us are not making), and you start depositing in your Roth IRA the full amount of $5000 dollars a year for five years. On the fifth year you make more then the maximum and ineligible to deposit anymore money in your Roth IRA account. Your Roth account will still grow, and when you take it out at 60 years of age, you will have $481,000 dollars tax free from your five year of deposit when you were 25 years old. That’s a great return on your money. Here is a basic calculator for your Roth IRA account(make sure you put zero for the taxes).
5. You can take money out to buy your first home, tax free up to $10,000.
6. You can also take out money to fund your children education tax free.
1. you cannot deposit more then you make, lets say you made $3000 during the year on side jobs. You cannot deposit $5000 dollars in your Roth IRA.
2. There is a ceiling for the amount of money you make as well. If you make more then $101,000 dollars a year you are not eligible. Unless you file jointly that ceiling is $159,000 if you file with your spouse.
So whether you think the Roth IRA is a savings or a investment, the benefits definitely out weigh your drawbacks. Here is a great article to learn more about the Roth IRA, and how to open a Roth IRA.
Today I had the scare of my life!! I started the day feeling kinda sick and tired. I should of known something was going to happen. So I got dressed ready for work like usual. Driving to work I was feeling stressed, I was wondering how the heck was I going to make it through the night I was so tired and I felt as though I was getting sick. When I arrived I parked and walked to the elevator. Pushed the button, then waited with about 4 other people next to the elevators. One elevator opened up but the up and down lights didn't go off, I was kinda apprehensive about it but decided to go cause I didn't want to walk. We all got in, as the doors closed the scare became a reality.
I've watched movies where people get stuck in the elevator and can't get out, I never thought it would happen to me. As me and the 4 other people got in and pressed the floors we needed to stop the doors closed. As the elevator began to go up, it was grinding along like when you start scraping metal to concrete. It opened up on the next floor then another person came in. As the doors closed this time, the elevator went up grinding away then suddenly fell a floor. As the 5 of us gathered ourselves from the scare, I realized it wasn't over. The elevator was teetering up and down, it felt like we were on a bungee cord. I pushed the emergency call button, the response was quick. I called out and told them that we just dropped a floor and was teetering in the elevator. One of the people in the elevator mentioned that if we fall it'd be 4 floors down. Suddenly I realized how quick your life can change and it can be over. It seemed like a lifetime but as we started to panic the elevator teetered again and the doors opened. I called security to check on the elevator to make sure no one else stepped into it.
Even though it was a scare, I realized something. One when a life threatening ordeal happens to you your cold is gone, you wide awake again. Everything seems to smell better and taste better. So I want to say maybe everything is just in the head cause now I feel great I don't feel sick or tired anymore shows you how much the mind has to play in our everyday life. It is said we only use 10% of our brain capacity wonder what an extra percent will do for you life.
Tuesday, March 25, 2008
April 7th will be one month into my 2 year experiment, I'm excited to give you guys a glimps of what has transpired during this month, and give you guys a projection of the following month.
Saturday, March 22, 2008
Many of you have seen this cat, it's called Maneki Neko(also known as Money Cat). The reason I'm writing about this is because even though I believe in hard work I also believe in a bit of luck. So for my site I wanted to put up a Money Cat to welcome everyone to make lots of money. Also here is an interesting story I've picked up from the web about how Money Cat came along.
One day, a wealthy and important man was caught in a storm while hunting and he took refuge under a big tree near the temple. While he waited for the storm to pass, the man noticed a cat beckoning him to come inside the temple gate. This was so startling that he left the shelter of the tree to have a closer look at this unusual cat. At that moment, the tree was struck by lighting.
As a result, the wealthy man became friends with the poor priest, and the temple became prosperous. The priest and his cat never went hungry again.
When Tama died he was buried in the Goutokuji Temple's cat cemetery with respect and love, and the Maneki Neko was made in honor of him. A Maneki Neko in your place of business, your home or on your website is said to bring in good luck and visitors.
Maneki Neko is Japanese for "beckoning cat." The message he's holding says "Please come in. You are welcome!" and he is beckoning you with his paw . (In Japan, the gesture of beckoning is pretty much the reverse of the gesture used in the West.)
Example: You are selling a product online, we'll use lingerie for instance. 10 customers buy your lingerie item, instead of searching for new customers. You find another item and sell that item again to them at a discount for a limited time only. Lets say half buy your second item, right there in a instance you have a new audience and sold your second item. Still confused? It took me about 10 reading to figure it out.
Caveman Example: Bob, Shawn, Jim, Ann buys your lingerie at $10 dollars. After the sale instead of finding new customers which means more marketing or waiting around. You find another item or have one already one in place, lets take stockings at 5 dollars but give them a 10% discount which makes the product $4.50. Now if half of the group bought the second item, you just made a back-end sale(and a profit of $9 dollars extra) to the same customers without spending anytime or effort.
You can use the back-end sale for anything, people use this tactic for bring readers back to their blogs as well. Come back tomorrow for what an Inside Sign means.
Friday, March 21, 2008
Wednesday, March 19, 2008
I've dealt with this effect before, when our workers knowing that management is measuring their productivity or when we say we are going to monitor their work by watching them, they always seem to do more rather then less. Let's take the example of a bar, tell the bartenders you will monitor how much they ring up in alcohol per customer in the venue. Tell them you will document this to review at a later date on performance, across the board I bet you will have increase revenue and productivity. Sometimes just telling someone that they will be monitored on performance will do the trick being that Hawthorne Effect is psychological. Try it pertaining to your industry and reap the benefits of it for at least a little while.
Tuesday, March 18, 2008
The one thing I can't figure out is how to get the credits or ad your widget on another persons page yet. That to me is still a mystery, I'll give it another shot today and see if I can figure out the specifics of Entrecard. I checked through Google Analytics I get one or two hits from the website so it's definitely worth the time to get to Entrecard more. I've also had five people drop their card on my Entrecard site but I don't know how I'm suppose to approve it yet or even if that's what I'm suppose to do. Anyone have any suggestions or more info on the site leave a comment to fill us in.
Saturday, March 15, 2008
(Fortune Magazine) -- Brad Duke, 34, a manager for five Gold's Gym franchises in Idaho, pocketed a lump sum of $85 million after winning a $220 million Powerball jackpot in 2005. He spent the first month of his new life assembling a team of financial advisers. His goal: to use his winnings to become a billionaire. Here's what Duke has done with his money so far.
On the right side is the percentage of investment from the 85 million
1. $45 million: Safe, low-risk investments such as municipal bonds 53%
2. $35 million: Aggressive investments like oil and gas and real estate 41%
3. $1.3 million: A family foundation 1.5%
4. $63,000: A trip to Tahiti with 17 friends .0007%
5. $125,000: Mortgage retired on his 1,400-square-foot house .0014%
6. $18,000: Student-loan repayment .0002%
7. $65,000: New bicycles, including a $12,000 BMC road bike .0008%
8. $14,500: A used black VW Jetta .0002%
9. $12,000: Annual gift to each family member .0001%
So I broke down what Brad Dukes is investing in through percentages and using 10,000 dollars as a base for investments. I wanted to see what I can invest in and how much I have for leisure, car, vacation trip, gift to family. If he wants to use this system to become a billionaire, then I can use this system to make 100,000 dollars.
1. $5100 dollars in safe long term stocks like municipal bonds, mutual funds
2. $3900 high risk stocks oil, gas, real estate
3. $147 for family foundation
4. $7 to take a trip with family, friends
5. $14 for mortgage
6. $2 to pay back to student loan
7. $2 to buy a car
8. $1 to give to family
9. $8 for myself to buy whatever
so general is invest all you have use nothing for yourself and you can make it happen I think I can be a financial adviser. Brad of course has more money for leisure , friend , and family but it just shows if you want more then what you have you need to invest in real estate or stocks. Also quick note of how he said he won the lotto he has a lotto numbering system, if you want to learn more about that go to Fortune to read up on it.
Friday, March 14, 2008
Ok back to the topic I really need to keep on track more. So I searched the web more and clicked numerous links to online business who will help you form a LLC for you. The average price was around $150 dollars, what they don't tell you is that that their fee doesn't hold the cost it needs to form the actual LLC which can be anywhere from a few extra hundred dollars to about $1000 or so. Then I found the perfect website if you have questions about forming your own LLC, the site is called MyNewCompany. When you get there click start my new company then it will take their instant quote section. Once your there click the button that says LLC, once you done that click the state you reside or the state you want your LLC registered in. Then presto everything comes up with a price next to it. What I found out was in California the state I'm in they charge you a franchise tax for any new companies filings.
California imposes an $800 Franchise Tax on all newly formed LLC's. This tax is due approximately 4 months after your LLC is formed (all California entities have to pay this tax, foreign and domestic). The appropriate Tax documents will be included with your order. NOTE: LLC's cannot obtain a California state Contractor's license; if you need this license, you will need to form a Corporation.NOTE: LLC's cannot obtain a California Real Estate Broker's license; if you need this license, you will need to form a Corporation.
so this is what I have to pay if I did the LLC myself.
$800 dollars franchise tax
$79 dollars state filing fee
$20 stamps and gas (for sending files and driving)
$25 Tax Id (so you can open an business account at a bank) also called FEIN.
$924 to form LLC myself
what I paid to form one with my accountant
that's a difference of
Not to mention that time is valuable to me and all this stuff would take more then I probable would like to spend I'd rather just use my accountant again. But if you want to save around 300 dollars you should do it yourself. Maybe in your state it might cost less. I remember reading on John Chow that he only paid $500 dollars doing it himself but he lives in Canada.
Wednesday, March 12, 2008
1. After signing up for blogspot at the end of your process it will ask you if you want to sign up for AdSense click yes. Fill out the appropriate info and they will send you a email.
2. when you verification email comes click the link and it will approve you in a few days mine took 5 days.
3. After you received your approval mail click the AdSense link which takes you to your account, go through and customize a ad. It will give you a choice on color and size. at the end they will give you a code. take your mouse highlight the code right click and copy the code.
4. log into blogspot again hit customize. Then hit layout. Hit add element. a window will pop up hit either html or AdSense. now paste the code in the HTML and in a day you should have your adds.
this blog is all confusing I"m going to have to structure it bit in a day or so.
Tuesday, March 11, 2008
I could remember going to Beijing in the 80's it almost felt like it was my little secret place, with all the traditional sites and the people were less about money and more about living. Now I feel like China is more about living for money which in a way sad but that's how all countries are nowadays and for China to be one of the leaders it needs to be about the money.
I can't wait for the 2008 olympics in Beijing, I'm curious to see how it well effect Beijing and China overall. When I was in Beijing in 2007 I saw a lot of new laws being passed, they were blasting out commercials on cortesy and how to represent the city to visitors. I want to see if people change. I heard from a few of my Korean friends that after the Seoul Olympics people acted different to each other there was more love. One can only hope.
Monday, March 10, 2008
Saturday, March 8, 2008
Friday, March 7, 2008
I was introduced to blogging by my good friend Mitch Matsuno you can find him under success2success when I figure out how to link his name to the site I will do so. He sent me a email about JohnChow.com awhile go. Mitch is usually really good about always finding new and creative ways to make money so I take his words and recommendations seriously. But honestly the email about John Chow was buried in the massive amount of emails I get everyday because I was busy with work and having my fiancee here. It wasn't until my trip up to SF to visit Mitch and my fiancees family that Mitch explained to me what JohnChow.com was then I remembered reading an article in Entrepreneur magazine about him, he was the guy who made money blogging online and teaching others how to do it as well. John Chow now is making 27 thousand dollars a month blogging, and his motto is everyone can do it too with a little work of course.
So here I am blogging, trying to see if me an average guy who doesn't know much about design or the Internet can make money blogging. I feel like if I can do it then anyone can because I am the true newbie part of the computer illiterate. This is an experiment for 2 years to see if I can catch enough interest with this website to make a buck. I will give every single detail to how I did it. Actually if I don't make money at least you can always point to my site and say well that's where he messed up or that's why he couldn't do it. So with this I start my experiment wish me luck.