Wealth Circle session 2 with Nicholas Chia

Today, 26 Jan 208, we had a 2nd round of session for Nicholas Chia's Wealth Creation Program.
Participants of this Wealth Circle are not many, and i am fortunate to be inside for the next 2 years. =)

If you guys wanna get a brief summary it can be found here, 1st Wealth Circle Session.

5 modules we went through today:
1) What is your definition of retirement?
2) Knowing your Balance sheet, profits/loss, cashflow statement
(Don't bother really learning from your professors who may not even kept a good balance sheet of their finance!)
3) Profit/ Loss ==> by lowering expenses. How?
4) Profit/ Loss ==> by increasing your income. How?
5) Invest on Cashflow.
Never chase investements. When you chase, you will end up into trouble.Potential may be lost when you chase.
Never get nervous while investing, and never shift investments without good knowledge of situation.

And received some seeds for the Money pot! Flower seeds to grow a pot of flowers, which really literally signifies how well our wealth grows. Everytime we meet for Wealth Circle session, we will have to bring the pot of flower and eventually, we may plant it in the gardens of Nicholas Chia. =)

Too much learnt today...will update with the details soon. ;)