Monday 11 April 2011

$1million or $1...?

YES, today I am going to talk about the world's most recognisable 5-letters word: MONEY!

Let's face it, money is very important in the current world! I know it can't buy you happiness, but with sufficient money, you will definitely be able to enjoy much more freedom and has one less element to worry about in life. Sadly, that's the fact that no one can do about it.

So, I thought I am going to be a little bit educational today. My question for you is this:

If you are given 2 choices:
a. $1 million dollar cash (in whichever currency you like) OR
b. $1 cash (in whichever currency you like) that can double it's value everyday for 30 days, continuously.

Which one will you choose (Note: this is not a trick question)?

From surface, it seems that Option (a) is definitely a wise choice! No brainer, right? Hold on! Do you know that at the end of 30 days, the value of $1 will actually grow into $536,870,912.00 ($536 mil, which is 536 times more than option a)? This is no rocket science, just a simple math that most of us not paying enough attention to. In fact, there is even a name to it, it's called "The Power Of $1".

This principle (The Power Of $1) was extensively covered in the following books by Robert G. Allen, do feel free to check it out (click on the images to explore more):
Multiple Streams of Internet Income: How Ordinary People Make Extraordinary Money Online, 2nd Edition  Multiple Streams of Income: How to Generate a Lifetime of Unlimited Wealth!

I do agree with the author, multiple streams of income is the way to go to ensure continuous supply of the money! With the invent of Internet and the unlimited potential of Online Business and Internet Marketing, I believed everyone of us are at equal ground to create multiple streams of income for ourselves! So, if you have something to offer (service or product, online or offline), ACT NOW to create your additional stream of income!

Lastly, would like to share the following thought of mine:

"TODAY is the history of tomorrow. So, write your own history NOW before somebody else write you off as part of their history!"

Cheers! And don't forget your "3 Things..."! ;-)

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