Lesson on making your first million

"Wealth is what you accumulate, not what you spent" - Thomas Stanley, The Millionaire Next Door

Hard-work, perseverance, planning, goal oriented, self-disciplined

Like all sports, must learn to play offense (earning) and defense (saving)

Know the difference between Income and Wealth.

Don't be a cowboy with "big hat, but no cattle"

Taxes are the greatest expense of your life time.

Concentrate on building cashflow over realized income.

Subjectivity and ambiguity are essence of Art - "仁者見仁 智者見智, 在欣賞永遠是作品的再創造"

"You have to commit an enormous number of hours and hard work. Then, you have to make sure you're prepared to work that much harder to bring it to another level." - Rebecca MacDonald, Just Energy Income Fund

The Heart Talk

"While the heard itself is hidden, the acts it inspires are there for everyone to see." - Michael Jordan, induction speech to the Basketball Hall of Fame

Why not to shop for Christmas: the Economy of Consumption

Our current economy is based on models of consumption, i.e. more consumed = more profit....but the critical issue we eventually have to arrive at is the fact that our resources are finite; the day we run out of resource is the day our economy stops growing...to avoid this we must come up with an economic model based on conservation over consumption, where the values (both economically and morally) are generated in the amount we give back instead of taken....

With the rising concern of climate crisis, we are preaching the tipping point where consumption will no longer have as much economic benefit (both short-term and long) as it used to have (theory of diminishing return: where it will take more in the future than now to achieve the equivalent desired effects)

The future challenge lies in our ability to build an economic system that profits from conservation, not consumption, Carbon Trading is a start.

"Our needs are little, yet our wants are always infinite."