Use talent to earn extra income

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THE bread-and-butter issue has been on the lips of many. It has been going on for quite some time. Some are stressed out over it. Others are totally overwhelmed.

We are all in the new economic order of higher living costs. One question lingers. Can we all cope? Yes, we can as long as we can overcome the victim and captive mentality.

We can adapt to this new (ab)normal economic age. It’s seen as disruptive but we can do something with a little elastic and flexible mindset plus some contingency approach.

How capable is our brain in facing the above? The higher living cost will devastate and engulf those who are into impoverished thinking. They will think the same thing every day. It’s repetitive and can be mostly negative. It sounds like a broken record. They may have fallen into bad mental habits.

In contrast, what if we think the opposite? Impoverished thinking transformed into abundant thinking? When this happens, our minds transcend limitations. Our consciousness expands in every direction. Dormant forces, faculties and talents become alive. We will be strongly inspired and not cowed by the burden of cost of living.

Remember those tiny yellow stickie that we stick on our PC monitor or office table? Start writing. Think of all that you want and all that you can do. Jumpstart your imagination.

Next, take action. Let’s see how others who have taken the first step fare. Folks are driving Uber and Grabcar to earn extra bucks. The yuppies are into investment for the money. The Star Online article “More young investors entering into Malaysian market” (May 3) reported that there was a 36% jump in the number of Central Depository System (CDS) account holders in the age group of 25 years old and below. This age group is the fastest growing band among CDS holders in 2016 with a total of 27,252 account holders as at Dec 31, 2016.

I have seen people earning incomes by selling pastry via social media. I have a graphic designer friend who teaches art class over the weekend. The list can go on and on. Look within ourselves. How can we use our talent for extra income?

Now, how can one install the lockdown on different canals of funds outflow? Napoleon Hill (1883 to 1970), an American self-help author who is well known for his book Think and Grow Rich, which is among the top 10 best selling self-help books of all time, was famous for studying the habits of the rich and famous.

Be a Napoleon Hill of frugality, minimalism and savings. Go to a supermarket. Study the buying habits. Are people buying necessities or the unnecessary? Can we differentiate?

Learning from experience works effectively. Hop onto a bus bound for a kampung. Learn about the simple life of the kampung people. What is on their expenditure list and how do they manage? Go to the nearest bookstore. Check out the books on personal finance. Consult a professional. Go to the Credit Counselling and Debt Management Agency (AKPK) if you need to. The journey of discovery will be an enlightening process. The key is taking the first step. Always remember that.

And it’s time to rethink happiness. Does it mesh well with the reality of living and the current and near-term economic situation? What if somebody told you that authentic happiness has something to do with living within our means? By this I mean living with less and manageable debts, limited financial obligations, delaying buying big ticket items, having emergency funds, etc. These can all be a form of happiness too.

The key is being flexible with our happiness goals. Financial happiness is in our hands. It’s your choice.

EDWARD WONG
Menglembu, Perak

Source: The Star Online | 27 June 2017