Saturday, November 11, 2006

Income = value * time * scaliability

Attended Great Eastern roadshow yesterday and Allan Khoo was the speaker during the presentation. He is very entertaining speaker and I enjoyed his presentation on why a career in life insurance will be very profitable. Most importantly, walking away from it is how he methodically work out and calculate the time and number of calls required to reach a desired income level. Beside that, he engraved one of the 2 formula into my mind.

The wealth of a person income depends on the value it returns back to society. Its value is multiplied by the number of times it is returned back and how many number it is reached.

The last formula that is engraved in my mind is about Goals.

Goal = Strategy + Action.

Define the goals, plan how to do reach it, learn from the plans that fail and re-plan and re-think how to reach it. No point is repeating the same approach that failed. Finally and most important , take action. Make it happened and learn the failure and success.

Thank You-Dido

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