Why Money comes Later in Life...

If you have taken a chance to look at what my Fool.sg colleague, Ser Jing has mentioned in his post, You would kinda change your mindset on looking at how huge fortunes can be manifested with one word - Dream.

In the post, he talked about how many companies concentrate with a big dream be it like facebook (creating a social network for the world) or Apple (building great products with creative designs) and money will automatically flow into their pockets.

On another article by the Straits Times correspondent, Jonathan Kwok, he then mentioned about how some people should avoid following their passion if it does not equate to you making it big (something along the line). He concluded by saying that you should try to balance your personal interests and earning ability and you will be satisfied if you are good at something.

IMO, I will follow the mantra by the leaders of past eras to create the future ahead for me.

Like what Steve Jobs say, "would you want to regret living your life doing what people expect of you or doing what you love?"

Which one do you find meaning in? I have heard of many success stories from the newspapers where they started off part-time and eventually generate lots of money while doing something they love as well.

Body Shop is one famous example too where the founder wanted to make natural body soaps/lotions without chemicals that harm the earth. In the process of selling to millions of people, she became very wealthy as a result, a by-product from pursuing her passion. 

Hope this post will set you thinking for your good Friday tomorrow! I hope one day I will pursue my dreams & passion of educating the masses on how to get rich too! Cheers!

Stock Quotes from Carl Icahn

Many people know about Warren Buffett and Geroge Soros but very few people know about Carl Icahn. I read the recent news about how Carl Icahn is ploughing in his company into Herballife and got interested to do a post on him...

A little background on him

Born:	New York City, in 1936
Affiliations:	Icahn & Company (securities firm) Icahn Enterprises L.P. (NYSE:IEP) Icahn Partners (hedge fund) Controlling ownership positions in several major corporations Carl C. Icahn Center for Science at Princeton University
Most Famous For:	The "Icahn Lift." This is the Wall Street catchphrase that describes the upward bounce in a company's stock price that typically happens when Carl Icahn starts buying the stock of a company he believes is poorly managed. Since the mid-1980s, Icahn has had titanic battles with multiple U. S. corporations resulting, most of the time, in significant capital gains for these companies' shareholders and, of course, making Icahn a multibillionaire, whom Forbes ranked as the 46th richest in the world in 2008. Icahn is viewed either as one of history's most ruthless corporate raiders or as a positive force for increased shareholder activism, who seeks to correct the abuses of greedy and/or incompetent corporate management.

~From Investopedia~

Carl Icahn Stock Quotes

• I look at companies as businesses, while Wall Street analysts look for quarterly earnings performance. I buy assets and potential productivity. Wall Street buys earnings, so they miss a lot of things that I see in certain situations.
  
• I have always lived by my word, so to speak. I think that’s the way to be… The funny, ironic part is if you do that over the years, it really pays off tremendous dividends.
  
• A lot of these companies are undervalued because of poor management. You can replace bad management, right. So that’s one big hidden value there.
  
• I think I’m good at what I do. I think in the takeover business I would say I’m as good as anybody in this area… I have a good mind for this type of thinking. It’s like a chess game. I was always a good chess player.
  
• What turns me one, is the excitement of it all. I really believe in what I’m doing. Don’t get me wrong. I like to win. But I love to rock boats that should be rocked. Sometimes I wonder why I keep doing it. I’ve got enough goddamn money.