1 Journey learned from Rag to Rich with Mutual Fund Now

Like most people, I work to survive, besides running my own transport company with three lorries. I did corporate marketing in general insurance from 10 am to 6 pm from Monday to Friday.

I consider myself a moron dealing with personal finance; the logistics business gave me a comfortable living, with the headache of driver’s behaviour and fuel pilferage.

With a month of technical training in all aspects of general insurance. A greenhorn when facing the veteran person in charge of the factory insurance. At the time, I dumbfound and apologise profusely that I would come back to give them a solution to the question.

I went to see a new client on general insurance, emphasising marine cargo insurance, which is my strong point.
Before that, I worked in the import and export division of a manufacturing company, which gave me a level of cargo insurance advantage.

A mistake made is a mistake learned; become more professional in handling their objection.

1 Journey learned from Rag to Rich with Mutual Fund Now

One day, I woke up. I cannot meet or seek new clients daily for four weeks as age is catching up, with limited mobility due to frequent driving. I had a deep thought above it.

The commission earned was quickly five-digit income with a case. All man has a weakness, I do not spend lavishly on the car, but I chase after the Canon’s latest lens. You name it, I have from microlens to tele zoom with three cameras on standby with an Italian-made pro tripod. I travel with friends to snap landscape pictures over at a decent hotel during the weekend.

In the earlier 2000, we still used Kodak or Fuji film, with printing costs running into a few hundred dollars a week. Money earned quickly, gone also fast, flying out from my wallet. Always waiting for the commission paycheck or monthly end transport fee collection.

The bank balance is merely a few thousand for the daily cash flow for the logistic expenses.

My finance was a mess with an RM250k overdraft facility. The monthly interest runs to almost two thousand a month. I breathe just above the water level and wonder about the drowning day that is a bankruptcy suit by the bank. My friend swindles my money for partnership into running a plastic for export. He is scot-free, and I have to handle the loan.

1 Journey learned from Rag to Rich with Mutual Fund Now

I qualified for the mutual fund or unit trust consultant in 2003. Nevertheless, I have no heart to deal with, as I am busy in court to recover a quarter-million loan. Though I won the case, I cannot get a single sen out of him. He shifted the small factory to Indonesia.

Too hassle running transport for a decade, with uprising toll fare and truck maintenance cost. I closed it.

Now I have the time to do general insurance and mutual fund or unit trusts. I attended the course organised by any mutual fund company and bought books on personal finance by Robert Kiyosaki and Donald Trump. I am not biased toward that learned professor, theory-wise, but in reality, Why do they still sit on the 9 to 5 job. They know best about the situation.

I initially joined my up line when he came up to my office.
Over the moon, I signed up with him without hesitation or question.
I had a financial accounting background during my Chartered Institute of Transport course. The objective examination has no hindrance to me.

In reality, approaching a mutual fund is much easier than doing general insurance with an endless quotation and a lot of objection handling. Either the client has money to invest or has no money.

During the sales process, I also began to study how people handle their finance. People driving a fancy, exclusive car does not mean they have ample surplus cash to invest.

1 Journey learned from Rag to Rich with Mutual Fund Now

Never judge a book by its cover. During a five-minute conversation, you can consider whether the guy is a high-end bracket earner with lavish spending. You can apply brake there, don’t waste your time on this type of this investor.
My first eye-opening experience was with a young couple dining in a posh restaurant.

The husband earned RM20K as a branch manager in a public listed company driving a BMW, while the wife went with a Honda Accord, doing exceptionally well in car insurance in Johor Bahru.

I did a try closing with them introducing a medical card for the only child of a few hundred ringgit a year. I have met them three times; they push around me like football since I have filled out their medical insurance proposal form.
Never give up; his wife wants to change to a brand-new two thousand c.c Toyota Camry.

I try to help them, but to my dismay, the couple owns a credit debt of more than 100K. It reflects me as a high-income earner with no savings. Dear reader, do you think they had 1000 ringgits to open a mutual fund account?

One day I received a call from my relative who introduced me over a phone conversation; the middle woman want to invest a few thousand ringgit in a mutual fund. I told her I would visit her a few days later, as she stayed 35 kilometers away from my house.

1 Journey learned from Rag to Rich with Mutual Fund Now

Upon arrival at the destination, a single-story terrace parked a white car first-generation proton sage car. The couple asked numerous questions; I prepared to accept the reality of the commission to buy my petrol bill.

Never expected the couple finally give me a 20K cheque to me. Gradually they invest almost 300K with me.

1 Journey learned from Rag to Rich with Mutual Fund Now

In another case, I met this guy while working in the export department; I hired his truck to transport flour from the factory to the port warehouse. With only six tracks in his fleet

After 16 years, I went to see for his investment. He stayed in a rented shop lot with his family; The front room was used as an office. My first visit was fruitless, as he invested in the blue ship stock.

Four years later, he called on Christmas Eve, asking whether I was still doing mutual funds. He wants to invest 100k.
Of course, for the sake of money, I worked on Christmas day.
Later, he asked his wife and children to invest with me, with the direct debit of 1000 ringgits.

1 Journey learned from Rag to Rich with Mutual Fund Now

During the process, I wrote his will. To my surprise, he has 26 units of a shop lot in Johor Bahru with a monthly collection of 6 digits, a factory in Pasir Gudang that he rents with five digits rental income. Pieces valued at more than 100 million, and three supermarkets in the city district.

Mind you, he brought a double-storey terrace house in the secondary market, parked with two cars, A Mercedes and an  Audi at least 30 years old. The couple invited me to dine in a typical restaurant without air-conditioning across his house for dinner. They lived frugally, but a yearly oversea trip for the whole family.

Later he invited me to join him for a high with his friend, a retired man who drove a ten-year-old a proton saga; he brought it five years ago in the second-hand dealer shop.
They both wore a simple collar T-shirt, unbranded long pants, and sandals.

1 Journey learned from Rag to Rich with Mutual Fund Now

He has 300 houses and a shop lot across the city district. To my surprise, he shared his experience: buy a cash home, don’t let the bank earn your interest, or pay another lawyer’s legal fee, which was quite a substantial amount. Pay the income tax in full.

I asked him for a 7-digit rental monthly and put money in stock. He scolded me, too foolish, like a fish fry swimming with a jaw in the deep pond. The jaw’s mouth swallows everything up.

Buy pure 1Kg of gold or silver and keep in Singapore, and lend out the gold to earn 6% yearly interest. Or invested in the land freehold property. Never buy a condominium, paying a maintenance fee till your last breath, as if you are burning your own money.

1 Journey learned from Rag to Rich with Mutual Fund Now

Since I joined one of the top five mutual fund companies in Malaysia, I began to buy land property to lend it or do homestays from these two mentors. The transporter with Form two and property tycoon a from four drop out. They are the mentors we should follow instead of those who claim to be professors or experts in the seminar.

Have you ever attended the Robert or Donald Trump seminar?

If you don’t find a way to make money while you sleep, you will work until you die. – Warren Buffett quotes.

I had fallen intense before with 250K ringgit of overdraft. The same bank that issued a warning letter to recover debt was willing to lend me 500K with negotiable interest, but I took only 250k to renovate my house. Is it sound ironic?

The beauty of becoming a mutual fund or unit trust consultant helped me to achieve financial freedom; I, too, followed my mentor in buying property to lend it out. Moreover, the mutual fund or unit trust company never failed to pay my monthly career benefit as a consultant, despite my zero sales.

1 Journey learned from Rag to Rich with Mutual Fund Now

I am here to recruit the eagle to learn a side income besides the average job.

Who knows, later you will discover the gem here and quit your full-time job to achieve financial freedom without worrying about the inflation and high cost of living. Join me for the Financial freedom club, and let sailing together on our endless fun journey.

You are born with a mouth; give me a call away 013-7839857, be initial, and don’t depend on the government handout and make grievances at the coffee shop. Stop wasting time, do something for yourself, and help others along the way to achieve financial freedom.