Tuesday, November 17, 2009

Overcoming Tough Times

Overcoming Tough Times

Hi! Thanks for dropping by. I haven't written in this blog since the end of last year, when I completed a 6-part series on the legacy left by my late father, Mr D. A. Devadason. He died more than a year and a half ago, and I still miss him. This coming Friday, November 20th, would have been his 87th birthday...

In case you don't know who I am, please allow me to briefly introduce myself. My name is Rajen Devadason. I'm a Malaysian Securities Commission-licensed financial planner. Today, I'd like to briefly talk about how each of us might get through tough economic times.

As I write this, in the middle of November 2009, there are strong signs of economic recovery from the Great Recession. Only time will tell if the recovery sticks or if the world sinks back into the economic doldrums. For now, however, I am feeling more optimistic than pessimistic. What about you?

Regardless of your answer, I believe the best way for each of us to increase our odds of not merely surviving but thriving in the months ahead is to remember that 'cash is king'. So, even if your job or business is running very well today, do take the time to figure out how best to optimise your cash flow pattern.

That is done by figuring out legal and ethical ways to increase the flow of cash gushing INTO your life and smart ways to decrease the cash flowing OUT of your life. Financial planners use a tool called a cash flow statement to first monitor your cash flow pattern and then to help you make carefully calibrated changes.

Your goal should be to increase your cash flow surplus each month and then to channel that surplus toward funding, first, an emergency buffer fund, and then building up a sound portfolio of investments that generates a flood of passive income into your life!

I suggest you begin tracking your cash outflows by buying yourself a handy little notebook and jotting down every single expense you have over the next two months.

I wish you all the very best!

You are always welcome to read some of my free articles on financial planning, goal-setting and time management at http://www.freecoolarticles.com, or to help yourself to my free learning resources at my site's Gift Centre. Also, if you live in Malaysia, preferably in or close to Seremban and the Klang Valley, AND if you would like to consider using my services to attain long-term goals, you are welcome to learn about my financial planning or retirement planning consulting services by reading my bio. Thank you and take care.

Warmest regards,


Rajen Devadason is CEO of RD Book Projects and its sister company RD WealthCreation Sdn Bhd. He lives in sunny, peaceful Malaysia with his gorgeous wife Rachel. He's a Malaysian Securities Commission-licensed financial planner, a life planning consultant, a professional speaker and a serial author... which probably explains why he's so exhausted! Some of his books are available here, and, if you're interested, here are some quotations he reckons are accurate, bold or cool.

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