Closing Chapter Of Sunshine Empire

Finally the Sunshine Empire saga has come to an end.  I am glad to know that those responsible for the ponzi like scheme such as James Phang and Jackie Hoo has been arrested and hopefully deserves the punishment for all the frauds they perpetuated. I once attended a seminar and to be quite frank I was really disgusted by the fact that most of the those so called super achievers were  young guys in their early twenties.

Don’t get me wrong, I am not againts those young achievers as there are many successful people in their early twenties. What irks me though is that many of these so called Sunshine Empire Gold achievers don’t displayed the kind of quality which is expected from those who achieve success in MLM. There is no such thing as free lunch thus if something proves too good to be true then it is most probably aint true at all.

Check out the following updates and history of Sunshine Empire.
http://en.wikipedia.org/wiki/Sunshine_Empire

Retain screw up executives

It really baffles me that Wall Streets and other bank CEOs and executives are paid millions of dollars despite the current economic and financial rundown situations. Apparently the reason given was that these financial institutions got to paid top dollars to retain the top talent from leaving the banks.

It is weird though because these are the same executives who spin up all sort of financial and investment packages and loan derivatives that resulted in the current financial meltdown! Why not just let these bank executives go and let’s wait and see if they are able to strike it big elsewhere. Why worry about these executives and CEOs whose only concern are their own pocket and not the welfare of the rest of the investors?

Another scam company – Oilpods & Powder River Petroleum

Another scam company has gone bust. I was lucky enough not to invest in this company despite repeated recommendations by fellow colleague who themselves invested much into it. Oilpods which serves as the Singapore marketing arm for the US based company Powder River is under lawsuits filed by Oilpods investors for defaulting on payments due.
Oilpods markets oil and gas related business based in the US which is run by Power River Petroleum International. Investors received monthly payouts based on the share of revenue generated from the gas and oil produced.

Powder River Petroleum is having cash flow difficulties despite the in pouring of money by Singapore investors via Oilpods. This scam company has already been placed under receivership for several charges file against such as operating a Ponzi scheme and cheating thousands of investors
Checkout the following:

http://www.powderriverpetroleum.com/investor-information.html
 http://www.powderriverpetroleum.com/legal/vacate-discharge.pdf

Apparently Mark Chang, the CEO of Oilpods has filed suit againts PWR for misleading Singapore investors on opportunities and profits associated with the business.

I guess Oilpods is equally as guilty as PWR for causing Singaporeans to lose their investments. Oilpods should have see it coming and sense irregularities on the part of PWP (Power River Petroleum) and warn its investors. Instead Oilpods continues to encourage its executives and sales representative to continue to recruit more new investors. Furthermore, rumours has that Mark Chan himself did not invest in Oilpods and as CEO he gets to get the cut of 20% profits from the total investments proceeds of Oilpods.

Case study of poor financial management

Look no further if you are interested to know more about what bad management and ill adviced financial management. Temasek Holding
s 2.4 to 4.6 billion dollar investment failure with BoA is a typical example of what can happen even to a big well established organization.

Here’s an interesting posting on the skills that software developers will need in the upcoming five years. One negative aspect pertaining to software skill set is that you are always playing catch up game because software technology evolve at a fast pace.  Whatever skillset you acquired today would be obsolete 3 years down the road. Sigh…

10 reasons why I need to look for alternative income

1.Companies are down sizing and cutting cost. Workforce reduction is the norm and you never know when it’s your turn to go. Instead of waiting for the inevitable, why not make plans to establish side incomes. Don’t sit and wait for things to go wrong before deciding to make a move. Take the initiative and be on the lookout for better opportunities while you are still gainfully employed.

2.I preferred flexible working hours whereby I can decide to work as and when I want, regardless of location, the freedom to work from anyplace and without having others to determine and decide what I should or should not do. It is my aspirations to run my own business.

3.There are plenty of Internet Marketing opportunities. Since I am trained in software and I have spent considerable time and efforts in Internet technology I felt that I should consider starting my own business. I am well versed with web programming, Internet Marketing and some IT stuffs, having taken various courses such as the Master in IT and etc, I felt it is time that I leverage the skill set and knowledge and experience to venture into Internet Marketing.

4.I am exploring ways to further improve my income power. Relying on just a single income paycheck is no longer advisable since I am a married man and the only sole breadwinner of the family.  Extra income in the form of profits from Internet Marketing would help with family expenses.

5.The need to save for retirement and achieving financial independent has become more important as I grow older by the years.  It is almost impossible to save for retirement comfortably based on my current savings and single source income.

6.I want to control my own destiny, if others can achieve financial freedom via Internet Marketing so can I. I am no less different from others so if they can achieve financial independence and success, so can I.

7.I can only give up my current job provided my side income business grow to be successful and I am able to earn income twice as that of my current job. I am in no hurry to quit but I have to work to ensure that should the time comes for me to go I have nothing to worry but everything to be thankful for, happy for the layoff package payout and also for the fact that I can continue to take care of my family.

8.Extra income would help in terms of financing sister-housing mortgage loan and possibly car loan should I intend to buy a car one of these days.

9. I hate working for boss that calls me an idiot and calls me shit even though I have been working in the industry as long as him. To publicly claim that I lack software management skills is to insult me to the worst degree. I prefer to work for myself rather than to have to lead a bunch of engineers among whom one of them is a lunatic .

10.Don’t blame the government if you are out of job and unemployed. Blame yourself for not taking actions to plan your way out in the midst of economic and financial crunch. After all a JOB stands for Just Over Broke and why should you if you can do something about it?

Meet the dirty dozen that screws up US economy

Check out the following article on who’s on the top of the chart for screwing up the USA economy.

http://www.rollingstone.com/politics/story/26868968/the_dirty_dozen/1

US super bail outs (Chapter 2)

So it looks like things are getting more interesting with AIG bailout. Just as it seems there is light at the end of the tunnel for AIG after it receiving fresh cash injections amounting to over $160 billion dollars from the US government, now it seems the AIG executives are rewarding themselves and enriching themselves with over hundred million dollar bonuses.

 

It was reported in the press that the head of the AIG mentioned that AIG is likely to go bust if the company don’t reward or rather try to retain important key staffs in the company by rewarding them with good bonuses. Apparently these so called important staffs in the company are the very people who generated toxic derivatives products that caused AIG to crumble. Speaking of misappropriating taxpayer money, what more could be more irritating and completely unethical by rewarding those who are responsible for the complete financial mess?

 

Anyway, I guess US government has nothing too much to worry about because all it has to do is to print out more money and don’t worry about the currency value being impacted. China will pick up the tab and continue to buy US treasuries, bonds and continue to fund those corrupted fund managers. The biggest loser after all, may not be the US but China that continues park its trillions of dollars in US shore. Happy spending for AIG top executives and cheers!.

US super bail out

The US financial situation is getting more interesting by the day. President Obama’s economic and financial bail out and so-called stimulus plan for its nation’s worst under-performing financial institutions and heavy industries such as AIG, GM and Freddy Mac to name a few will put the nation’s debt well above US$11 trillion debt and that is but only the beginning. It would take each US citizen in the country to contribute at least $36K to help clear the debt.

Meanwhile the US government is busy borrowing more money by selling more US treasuries and bonds and guess what? While after the US government inject the 1st wave $85 billion into AIG, it was reported in the press that AIG executives spend $440,000 on a weeklong corporate retreat at the upscale S. Regis Resort in Monarch Beach, CA.

Now AIG is crying like a baby again and asking the federal government for further money bail out. Interesting isn’t it?

Avoid Making These Common Affiliate Mistakes!

Myths concerning affiliate marketing are appealing and attractive.  People who do not know the entire system the wrong way round are prone to believing that it is something capable of giving them great fortune overnight.  Stories concerning affiliates who earn tremendous amounts of money swim in their heads, and while these stories are as true as they can be, there are those who believe that they are going to have the same fortune once they indulge in this particular business.

Just like  risks associated with normal brick and mortar business affiliate marketing is no difference and if not done correctly, you may end up wasting perhaps not just money but also valuable time.

It is true enough that affiliate marketing is financially rewarding.  People who have gone through everything to be able to succeed in this business are reaping the seeds that they untiringly sowed.  Many of them enjoy the kind of existence that was not possible for them to have had under ordinary circumstances.  Having gone through the A-Z of affiliate marketing, however, these people are the ones who know that while such business is lucrative, there is absolutely no easy money in it.

Ignorance of this fact is one of the main reasons why there are people who fail miserably in the internet business.  There are those who believe in myths concerning the easy money involved in systems such as affiliate marketing.  They do not know that there are those who have wasted time, effort and too many resources in trying to pursue the life of ease that they believe this business will give them.  And so they go into affiliate marketing armed with nothing but myths and fantastical notions of wealth swimming in their consciousness, never realizing that they bound to make mistakes that would prove to be their downfall.

What may be the reason why in businesses such as affiliate marketing, many are called but few are chosen?  Perhaps the answer lies on the fact that many affiliates make mistakes that result from their ignorance of facts concerning how the entire business runs.  Affiliate marketing is not as simple as an affiliate promoting a merchant’s wares through his website and getting paid for it.  It is also about knowing the market and the customers at hand.

Discovering what the most common mistakes affiliates make can perhaps dispel the gloom about myths surrounding affiliate marketing by correcting some wrong notions about it.  It might also be able to make those concerned understand that like any other business, there are dos and donts involved in this one if they want to make each of their steps count.  The first common mistake affiliates make is their lack of knowledge concerning principles involved in their business.  This refers to the affiliate’s knowledge of search engines in particular.

Affiliate marketing involves advertising, and advertising through the internet could not have been better without the existence of search engines.  What every affiliate has to do is to make these search engines his best friend through studying search engine optimization closely.  This way, he is able to know what to do in connection with building a better website to ultimately use for his business.

The second is that affiliates make the mistake of stuffing their sites with banners that do not provide enough information about the product at hand.  The best way to battle this mistake is to provide good content hand-in-hand with such banners.  It is important for customers to know and understand the features of a product, and good content will be able to help them realize this goal.

The third is that there are affiliates who make the mistake of promoting only one product.  Consequently, customers are not given enough options to choose from.  There is also the risk of generating fewer sales as compared to having more options for customers ponder about.  It is always better to give them a few better alternatives than to give them only one.

The fourth is that there are affiliates who make the mistake of promoting too many products.  As a result, customers are confused and end up beyond making a choice.  It is perhaps good to give them only the best choices.  This is because it is ultimately up to them to judge which one is the best for them to patronize.

All in all, affiliates that are doomed to fail in this business are those who do not exert enough effort to understand everything involved in the industry that they are in.  Knowing their path step by careful step will prove to be beneficial to them, as there is no other way to succeed than to go through any path slowly but surely.