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July 09 Househunting Blues-Young People in a Daunting Property MarketTo people in their 20s and 30s,owning a home represents autonomy and fulfillment.Most dream of emerging from under their parents' wings and building their own nests.
However,soaring property prices have made it ever harder for young people of lmited means to find a place of their own.Should
they bite the bullet and buy,taking on a heavy mortagage a "slave'' to their homes?Or should they lower their expectations and rent until they are better able to afford their own home?Today's young people are now wrestling with vert question.
Tip 1:Don't buy,rent!
In his bestseller Lower-Middle No Shougeki,Japanese economist Kenichi Ohmae urged young people not to buy into the housing market.He argued that in this era of low salaries and high prices young people should save their money rather than spend it on a home,and should shorten their commutes by renting downtown housing near their workplaces.Ohmae believes that this will provide them with fuller,richer lives.
Tip 2:Don't overextend
Experts recommend that those who have scraped together enough for a downpayment and have the opportunity to at last become "snails with shells" carefully consider issues before buying,including the size ,location,and functionality of the home they need,as well as the size of the mortgage they can afford.after all,they don't want to become slaves to their home and mortgage.
With the cost of goods rising,the government is likely to raise interest rates to rein in inflation.When they do,homebuyers will face higher mortgage payments ."Young people need to be conservative when they can afford or they may end up regretting their decision. May 22 The Amazing Four Hour Work WeekFour hores really isn't a long period of time.Most people spend more than fours a week just communting to and from work.But Timothy Ferris,a successful entrepreneur,has manged to cut down his entire work week to four hours,and in his book,The 4 Hours Work Week,He shares his insight with the rest of us.
The first question that aruses when pondering the topic of his book is,"How could one ever complete all their work in only four hours?"The suggestions Ferris makes are quite simple;eliminate non-essential tasks,outsource as much as you can,and limit the amount of access people have to you.For instance,Ferris always lets his phone go to voice mail so that only the most urgent of calls will require his attention.He also outsourced the reading of his e-mails to a company in India.
One of the most interesting ideas is the 80/20 principle.Eighty percent of a company's profit generally comes from 20 percent and keep them.On the other hand,the smailler customers who complain offten yet bring in very little revenue should be ignored.Sounds amazing,but for Ferris it has been a success,ascompany should make over one million dollars this year.
With all the free time he now has,Ferris has managed to accomplish some great things .His activities are varied,from learning to surf in Brazil,to being a champion at Chinese Kickboxing and a world-record holder in thhe Tango,not to mention the six languages he speaks!Instead of slaving away for 100 hours a week while hoping for retirement,he's living the life he wants to live now,and he's still making mpney.
Yet,the four hour work week is probably not achievable by a lot of people.Some careers will always require the person to be present for longer hours,for example:pilots,CA,doctors,and others.This however,is filled with tidbits that can help anyone cut down on their daily taks.It also asks the reader to examine exactly want from their lives,and not to wait retirement,but start doing it now.For that reason,this book can be a valuable step towards a new life for anyone.
March 07 Love is the killer appThe most powerful force in business isn't greed, fear, or even the raw energy of unbridled competition. The most powerful force in business is love. It's what will help your company grow and become stronger. It's what will propel your career forward. It's what will give you a sense of meaning and satisfaction in your work, which will help you do your best work.
I know what you're thinking. The world is still reeling in disgust at the murderous events of September 11 and still trying to come to terms with a war against a stateless enemy. Companies in almost every industry -- and almost every company in my part of the world, Silicon Valley -- are closing operations, cutting people, and taking whatever tough steps are necessary to stay alive. Your colleagues are anxious about their careers, worried about the future. And I'm here to convince you that what the business world needs now is love?
Now more than ever. The most profound transformation in business -- a transformation made more urgent, not less so, by the calamitous events in New York and Washington, DC -- is the downfall of the barracudas, sharks, and piranhas and the ascendancy of nice, smart people with a passion for what they do. Forget about the Internet for a moment. Forget about Wall Street and the Fed. What's really different about the economy is that lousy guys finish last.
There are two tough-minded reasons for this soft-hearted reality. The first is the abundance of choice in business -- choice of products, schools, media, and career paths. Choice spells doom for villains. At a time when more of us have more options than ever, there's no need to put up with a product or service that doesn't deliver, a company that we don't like, or a boss whom we don't respect. The second reason is what I call the "new telegraph." It's almost impossible for a shoddy product, a noxious company, or a crummy person to keep its, his, or her sad reality a secret anymore. There are too many highly opinionated and well-informed people with access to email, instant messaging, and the Web.
The bottom line: If you don't like certain people, it's easier than ever to escape them. If you are a lousy person, it's harder than ever to keep people around you. Hence, the power of love. What do I mean by "love"? The best general definition that I've read comes from philosopher Milton Mayeroff's brilliant book, On Caring. Love, writes, "is the selfless promotion of the growth of the other." When you help others grow to become the best people that they can be, you are being loving -- and as a result, you grow.
Mayeroff talked primarily about love in our personal lives. But what we need is a definition of love in our ve is the act of intelligently and sensibly sharing your knowledge, networks, and compassion with your business partners. The secret to being a high-impact leader and the essence of individual and corporate success: Learn as much as you can as quickly as you can and share your knowledge aggressively; expand your network of people who share your values and connect as many of them with each other as possible; and, perhaps most important, be as openly human as you can be and find the courage to express genuine emotion in the harried, pressure-filled world of work. And one last point: Behave this way not because you expect something in return -- a quid pro quo -- but because it's the right way to behave. The less you expect in return for acts of professional generosity, the more you will receive.
It was as if my professional life had finally begun. Today, Mark is famous as the brash owner of the Dallas Mavericks and a young Internet billionaire (yes, there are still a few left) who doesn't play by the old rules. What people forget about Mark is that he built a great new-wave company around enduring values. When it came to customers, Mark had a motto: "Make love, not war." Not original, but to me, it felt like the elixir of life. Mark passionately believed that customers should be happy, even if it meant working 24 hours a day to please them. I'd never met anyone like that before. I was thrilled. I dedicated myself to learning everything I could about strategy, service, and the Internet. I went to conferences, studied white papers, and read books -- shelves of books -- on everything from the basics of marketing to the new logic of the digital economy. Then I got my big break -- a chance to share everything that I had learned from my crash course in business and the Web. In late 1998, not long after I'd finished reading Net Gain, the influential book on virtual communities by then-McKinsey consultant John Hagel and Arthur G. Armstrong, I got a call from Ken Weil, a vice president at Victoria's Secret. Ken wanted to explore the costs of broadcasting a lingerie fashion show over the Web. What he wanted was a good price. What I wanted was a chance to evangelize the ideas that I had learned from Net Gain. Still, my company was in the business of making money, so we set up a routine conference call. In attendance were Tim Plzak, a director at Victoria's Secret's parent company who was responsible for the Webcast; Ken Weil; my boss; and me. It turned out to be the call of my life. I reviewed some of the big ideas from Net Gain. I explained that these weren't just blue-sky concepts, but practical tactics that could make or save Victoria's Secret money. I explained how the fashion show could create an immense email-address database that could support an inexpensive conversation between the company and its customers. Think "virtual community" and "member." And I sent a copy of Net Gain to Ken. He got it. He saw the value of using the fashion show as a draw for customer information. Even though we didn't bid the lowest price, we got the business. And on February 2, 1999, we hosted an event that went down in the annals of Internet history. Because so many people who were trying to log on to the show had experienced technical difficulties, some media pundits called it a failure. Saturday Night Live even staged a parody of the event. But for us and for Victoria's Secret it was a huge success. When the event was over, Ken told me that it was the most positive business experience of his life. He even wrote a letter to Mark Cuban saying so. The following spring, Victoria's Secret decided to stage a second event. This time around, the goal was to make sure that it was a flawless user experience. So I committed myself to facilitating an alliance between Broadcast.com and our "co-opetition," America Online and Microsoft. It was a daring strategic step for us -- and the first time that I was willing to share my growing network of contacts with reckless abandon. We hosted a summit at which Victoria's Secret could talk to everyone before they signed a contract with us. I even left the room so that the other companies could strategize about networking and distribution (and perhaps try to take the business away from us). But instead of teaming up with someone else (and yes, other companies did try to underbid us) , Victoria's Secret stayed put, because, as they told us, we had been willing to share our knowledge and our network to make everything work for their benefit. The second show was a bigger (and smoother) success than the first. And Ken became a friend for life. He understood that I wasn't trying to sell him a bill of goods and that I cared about his success just as much as I cared about my own. And I hoped that the feeling was mutual. Our bond was not just professional -- it was personal. The Power of LoveMy experience with Victoria's Secret taught me the three critical drivers of professional success, the three elemental particles of love in business. They are knowledge, networks, and compassion. To be an impact player in business, you simply have to know more than most other people know. That means taking the power of ideas seriously, reading books voraciously, and developing a system of organizing what you've learned. But all of your knowledge won't amount to much if you don't have a network of people to share it with -- and enough compassion for the people in that network to understand that your success is a direct result of their success. Those factors helped me to move from Broadcast.com to an executive position at Yahoo (which acquired the company in 1999) and then to my current role at Yahoo, where I get to travel the globe, strategizing with some of the biggest companies in the world. And I'm not alone. Over and over again, I've discovered that the businesspeople who are the busiest, the happiest, and the most prosperous are the ones who are the most generous with their knowledge and their expertise. People who love what they're doing, who love to learn new things, to meet new people, and to share what and whom they know with others: These are the people who wind up creating the most economic value and, as a result, moving their companies forward. Even in the digital era, when the Internet connects hundreds of millions of computers around the world, the power of love in business is rooted in the centrality of the human factor. Success is based on the people we know. Everyone in our address book is a potential partner for everyone we meet. Everyone can fit somewhere in our ever-expanding business universe. And the value of our network is a function of our willingness to share it. We collect marbles, baseball cards, and antiques in order to hold on to them while they increase in value. The purpose of collecting contacts, however, is just the opposite: to give them away -- to match them with other contacts. So don't screen people out. Those who appear powerless or insignificant may be stars waiting to rise. Someday, they may become key nodes in your network -- and create a huge opportunity for you. And they will remember that it was you who was on their side before everyone else was. But don't just listen to me. As you think about the right way to deal with your colleagues, customers, and business partners -- about how to conduct yourself in a world in which nice, smart people finish first -- just listen to Lennon and McCartney, who said it better than anyone else: "In the end, the love you take is equal to the love you make." It's risky to talk about love in business, especially in these turbulent times. Here are five tough-minded reasons why generosity is the best strategy for individual and corporate prosperity.You'll build an outstanding brand. By becoming a knowledge guru, sharing your network, and being a compassionate partner, you'll differentiate yourself. You'll be useful, memorable -- special. You'll create an experience. Business is not just about what you know -- it's about whether you can break through the clutter and information overload. When you represent knowledge, opportunity, selflessness, and intimacy, you are not just a smart colleague; you are fun, interesting, and valuable. You'll get access to people's attention. The scarcest resource in business is attention. How do you convince people to really pay attention to what you're saying or to give you advice that you need? People with outstanding brands and people whom others are eager to deal with attract undivided attention. This produces results. You'll harness the power of positive presumption. Making progress means making change. One of the biggest obstacles to change is getting people to trust you. Businesspeople embrace the power of building relationships with a deep level of trust. Your colleagues will presume that your arguments hold water, that your recommendations are solid, and that your referrals are valuable. They'll presume that you have their best interests at heart (which you do). This is a powerful advantage. You'll receive exceptional feedback. There's one last tough-minded reason to share what you know: You'll learn whether your knowledge has value. If you are eager to offer people knowledge, they will be eager to give you helpful feedback in return. They'll tell you which ideas worked out well and which didn't work out so well. They'll tell you which contacts were helpful and which weren't. They'll keep talking to you. And you'll keep learning from them. It's a loop. February 27 2/27And I'd give up forever to touch you
Cuz I know that you feel me somehow
You're the closest to heaven
That I'll ever be
And I don't wanna go home right now
And all I can taste is this moment
And all I can breathe is your life
Cuz sooner or later it's over
I just don't want to miss your tonight
And I don't want the world to see me
Cuz I don't think that they'd understand
When everything's made to be broken
I just want you to know who I am
And you can't fight the tears that ain't coming
Or the moment of truth in your lies
When everything seems like the movies
Yeah you bleed just to know you're alive
And I don't want the world to see me
Cuz I don't think that they'd understand
When everything's made to be broken
I just want you to know who I am. February 26 THE ROAD NOT TAKENTwo roads diverged in a yellow wood, And sorry I could not travel both And be one traveler, long I stood And looked down one as far as I could To where it bent in the undergrowth; Then took the other, as just as fair And having perhaps the better claim, Because it was grassy and wanted wear; Though as for that, the passing there Had worn them really about the same, And both that morning equally lay In leaves no step had trodden black Oh, I kept the first for another day! Yet knowing how way leads on to way, I doubted if I should ever come back. I shall be telling this with a sigh Somewhere ages and ages hence: two roads diverged in a wood, and I -- I took the one less traveled by, And that has made all the difference. February 22 Hong Kong actor Edison Chen says he took racy photos, apologizes
Today I have come back to Hong Kong to stand before you and account for myself. I have never escaped from my responsibility. During the past few weeks, I have been with my mother and my family and my loved ones to show support and care and at the same time to have them support and care for me.
I admit that most of the photos being circulated on the Internet were taken by me. But these photos are very private and have not been shown to people and are never intended to be shown to anyone. These photos were stolen from me illegally and distributed without my consent.
There is no doubt whoever obtained these photos have them uploaded on the Internet with malicious and deliberate fected by this. In this regard, I am deeply saddened. I would like now to apologize to all the people for all the suffering that has been caused and the problems that have arisen from this. I would like to apologize to all the ladies and to all their families for any harm or hurt that they have been feeling. I am sorry. I would like to also apologize to my mother and my father for the pain and suffering I have caused them during the past few weeks. Most importantly, I would like to say sorry to all the people of Hong Kong. I give my apology sincerely to you all, unreservedly and with my heart.
I know young people in Hong Kong look up to many figures in our society. And in this regard, I have failed. I failed as a role model. However, I wish this matter will teach everyone a lesson. To all the young people in our community, let this be a lesson for you all. This is not an example to be set for you.
During my time away, I have made an important decision. I will whole-heartedly fulfill all commitments that I have to date. But after that, I decided to step away from the Hong Kong entertainment industry. I have decided to do this to give myself an opportunity to heal myself and to search my soul. I will dedicate my time to charity and community work within the next few months. I will be away from Hong Kong entertainment industry indefinitely. There is no time frame.
I have been assisting the police since the first day the photos were published and I will continue to assist them. After this press con., I have obligation to help them with their investigation and hope that this case can end soon as everyone I think has the same wish.
I would like to use this opportunity to thank the police for their hard work on this case. Thank you. I believe everyone's priority now (and) my priority now is to stop the suffering and pain, for not letting this...we do not want to let this situation become more out of control. We need to protect all the innocents and all the young from matters like this. In this regard, I have instructed my lawyers to do everything possible within the law to protect all the innocents, victims of this case. I believe that a press statement is being issued as we speak on what my lawyers have advised me to do.
Lastly, I would like to thank everyone for coming here today and listening to what I have to say. I would like to also apologize once again to all the ladies and their families, my family and to everyone in Hong Kong and everyone in our society. I am deeply saddened by this. And I apologize to everyone (who) has to go through this. I would like to also thank you for giving me this opportunity to say what I have wanted to say all along in my heart.
I hope, after today, I can have your forgiveness. With regard to this case, with everything, everything that has happened, I am deeply sorry. I hope you all accept my apology and give me a chance.
Thank you. February 07 Save Money and Let it CompoundThe earlier you start saving money,the longer the time there is available for compound interest to work its magic.If you start saving reguarly right from the outset of your career and keep saving more each year as your income increase,you will beinvea worth a lot of money by the end of your working life.
Compound interest is the powerful engine behind the generation of wealth.If you do nothing else but these three things,you will automatically become wealthy:
1.Start investing when you start your career and keep investing a set percentage of your income every year.
2.Discover many different ways to earh above-average retuens on your savings.
3.Meet all your living expenses from what is left over from your income so your savings can accumulate undisturbed until you are wealthy enough to stop working altogether.
January 31 Change the world-One Speech at a TimeEveryone has felt nervous before giving a speech or making a presentation.Some of us actually dread the experience.Still others aren't sure wht to say when they run into the CEO,and they've been doing.In these situations our performance could make or break our career.So if you are hoping to make the best impression and score that next promotion,look no further.Nick Morgan,in his book Working the Room covers all of these situations and more.
The first thing to say about this book is that it is not a list of quick tips and hints.There are many of those books around.Morgan's main assertion is that if you want to be a successful speaker,you need to want to change the world with your speaking.This means that you are not just telling people your ideas;you need to get them involved and make them want to listen to you and believe you.For example,make sure your audience can interact with your ideas by asking the listeners to discuss your topics among themselvess.
Morgan bases his ideas on his over twently years of experience in speech coaching and consulting,but also draws upon the ancient Greek belief of "kinesthetic connection.This theory states that you need to interact with your audience using not just your words,but your body as well.In other words,you should be actively listening to your audience.He also walks you through how to prepare,rehearse,and deliver a speech that stands out from the crowd.Some readers have said that you will never look at Microsoft Power Point in the same way after reading this book!
Finally,the best part of the book is the many real life examples and the historical anecdotes Morgan provides.Most everyone likes to read about others' mistakes and triumphs and Morgan is a great storyteller.Not to mention through these tales he gives us great insight into how we all can improve our speeches and conversations.If you really want a chance to make sure your words count and people are motivated by your speeches,here'syour opportunity.Nick Morgan,in his own words,can help you "change the world"one speech at a time. January 28 I'm Noboby!I'm Nonbody! Who are you?
Are you - Nobody - Too?
Then there's a pair of us!
Don't tell they'd advertise - you know!
How dreary - to be - Somebody!
How public - like a Frog -
To tell one's name - the livelong June-
To an admiring Bog! |
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