Shannon's Blog

This is the latest book published by the New York Time's best selling author of Rich Dad, Poor Dad Robert Kiyosaki. He states that year 2010 was the best year for his entire life, despite the fact that it is the worst year for millions of people around the world. During the last few years, millions of people have lost their jobs, trillions of dollars have wiped off from the global stock markets and people's pension pots have been shrank by half. Then why Robert Kiyosaki and the rich are becoming richer and richer , while the poor is becoming poorer and poorer? Why even some of the middle class have fallen into the poor class? Robert Kiyosaki states that this is because he has superior financial education than most people. He has made his fortune during the bad times, while millions around world are struggling. He can see opportunities as a real capitalist, while others only see the danger. He decided to write this book not to brag about his good fortune, but to financ...

Today is 1 January 2011(western calendar: 3 February 2011), according to the Chinese lunar calendar, the year of the rabbit starts from today. The date for the Chinese New Year is different every year if you are using a western calendar, but normally falls between January and February. The Chinese New Year is also the time for family reunion, and it is the Chinese equivalent of Christmas celebrations in western countries. The Chinese New Year is also called Spring Festival and it is the biggest day for celebration in mainland China, Hong Kong, Taiwan, South Korea, North Korea and Singapore. Chinese New Year is also one of the five major celebration days in Malaysia. The Rabbit Years: Years 1891, 1903, 1915, 1927, 1939, 1951, 1963, 1975, 1987, 1999, 2011, 2023, 2035, 2047, 2059, 2071, 2083, 2095, 2107... Characters of People Born in the Year of the Rabbit: It is said that people who are born in the year of the rabbit are the luckiest of all among the 12 Chinese zod...

When you are starting a new company, there are several entities to choose from. Currently in the USA, there are six entities available for the entrepreneurs to choose. The Rich Dad's advisor, Garrett Sutton , the corporate attorney explains which are the bad entities, which are the good entities to choose and explains the reasons behind these. To succeed in business, to protect your assets and to limit your liabilities, you will want to select one of the good entities. Each good entities has its own advantages and disadvantages and has its own specific use. Each one of these good entities is utilized by the rich and the knowledgeable in their business and personal financial affairs. 1. Sole Proprietorship. Garrett Sutton says Sole Proprietorship is a B ad Entity , as this provides no asset protection for the owner. One lawsuit against your business, and your house, savings, and personal assets can all be lost. 2. General Partnership. Garrett Sutton says General Pa...

This book is the result of the author, Robert Kiyosaki 's life time research. He believes that the US government is controlled by the multinational corporations, which is controlled by the rich people. The rich want us to “Go to school, study hard, get a degree and find a good job.”- the Poor Dad's philosophy. The rich want us to become good employees, so we can work hard for them. Then the government can get paid in the form of tax and our pensions are invested in the stock markets by purchasing the shares of multinational corporations, which makes the rich becoming even richer. Robert Kiyosaki emphasize that financial education is more than important ever in this information age and he states that the rules of money has been changed. New Rule of Money #1: Money is knowledge Today, you do not need money to make money, all you need is good knowledge. The information age has created many young billionaires more than ever before. This includes the founder of Microsoft, Bi...

I read The 7 Habits of Highly Effective People in March 2007, however I loved it so much that I decided to write a review about it this year. This wonderful book is very inspirational and summarises the 7 habits you need as follows: Habit 1: Be Proactive. The difference between people who exercise initiative and those who don't is a 5000-plus percent difference in effectiveness. It takes initiative to develop the Seven Habits and each depends on the development of a person's proactive muscles. Habit 2: Begin With the End in Mind. Imagine that you are attending your own funeral, you saw your family, friends and colleagues were there. What would you like them to say about you? What character, contributions and achievements would you want people to remember about you? This habit has reminded me the of story of how the Nobel Prize was founded. Alfred Nobel was a chemist, engineer and inventor. He amassed a fortune during his lifetime mostly through his 355 inventions in...

There are over 30 mountains that are called Phoenix Mountain (Feng Huang Shan) in China. The one that I climbed is one of the most famous Phoenix Mountains and is named as one of the important national tourist attractions in China. It is also one of the four most famous mountains in Liaoning province, China, which is situated in the north-east of the country. The dragon and the phoenix are two of the most auspicious animals or birds in China, however they only exist in legends. The dragon is the symbol for men and the phoenix is the symbol for women. During ancient times, the emperors wore robes decorated with dragons to symbolise the ultimate power. The Chinese regard themselves as the offspring of dragons (Long De Chuan Ren). The Chinese stick pictures of a dragon and a phoenix together w ith Xi (happiness) on a red background on walls and windows during their wedding to show the perfect match and symbolise an auspicious start to their lives together. As you ...

The phoenix mountain's sights are divided into four major areas; the most famous site is the west side where the most famous sites such as Lao Niu Bei. (Old Cow's Back) are concentrated. We decided to climb the mountain along this route. The climbing base has vendors and small shops that you can buy special gifts for your families and friends. You can also buy some snacks, water, food, and gloves to prepare for your mountain climbing. Along the way to the climbing journey there are also small Buddhist and Dao temples and pavilions that you can visit. For example Zi Yang Guan (for good fortune), Bi Xia Gong (for parents and grand parents to pray or make wishes for their children and grand children) or Guan Yin Ge (for safety and happiness and other wishes), Dou Mu Gong. These temples were built in Ming and Qing Dynasty with more than 300 - 400 years of history. There are bigger temples in a different route , but we did not have enough time to visit everyth...