Skillset and Technology

  What are you buying when you buy shares in a company? | Morrisons is a pretty boring company, a local supermarket chain. No exciting tech in sight but I bought some stock as a recovery play after they were battered during Covid. The price was at a low and they pay a modest dividend so it was a fairly safe long term investment. This morning I wake up and learn that someone wants to buy the whole company at a 30% premium above the closing price on Friday. The board have declined the offer as being too low and there may be a counter offer or there may not. If there is a counter offer that the board consider as reasonable then all shareholders will be asked to vote if they want to accept it or not. So people who ask what you actually own when you buy shares in a company, the answer is that you own a tiny piece of the building, you own some stock on the shelves, you own a piece of the cash on the balance sheet and you have a right to some of the future earnings of the business. Altoge...

  Money DOES Grow On Trees Sitting here eating mangoes thinking that many years ago someone must have had the thought to plant a mango tree knowing full well that they will have to look after it for 5-8 years before it will bear fruit. They had the foresight that after their initial investment of time and money, mangoes will begin to grow and they will be able to sell them. The mature tree is now an asset and with ongoing care will provide mangoes for 40-50 years. In season it will grow value day and night, whether the owner is present or not. Each mango can be exchanged for money so the tree is effectively growing money on it. We all need the foresight of that orchard grower and plant trees that will grow money for many many years. The trees can either be real Fruit Trees or Startups, Businesses, Property, Digital Assets or anything else that, after initial effort and investment, can provide reoccurring revenue for many years. Once you have your first tree, grow an orchard. Happy ...

  Remarkable shift in the UK jobs market in recent months. Remarkable shift in the UK jobs market in recent months. A trainee butcher is being paid more than a trainee accountant at EY, PwC, Deloitte and KPMG. Lorry drivers are one of the most in demand skilled workers and there are half a million vacancies in the food and drink industry alone. Retailers should be concerned going in to the busiest quarter of the year. All of this will no doubt lead to inflation and wider problems

  Financial Hygiene & Health Financial health is a term given to one's overall financial wellbeing, security, and stability. Financial hygiene is the actions and habits that impact our overall financial health. Like personal hygiene, financial hygiene needs regular consideration, and maintaining good levels of hygiene can avoid many bigger and more serious issues. Think of financial hygiene as the equivalent of washing hands, sanitising, eating healthy, exercise, regular check-ups, and most importantly spotting issues very early on - all help towards good general health. No doubt there will be unforeseen issues but starting with good health gives us a better chance of survival and a quick recovery. There are no hard and fast rules to financial hygiene as it is more a mindset rather than a skill but here are some general steps one can take to continually improve our financial wellbeing. 1) Know where you stand The only way we can measure progress and know if we are making imp...

What does the term "Lifestyle Inflation" mean to you? Lifestyle inflation tends to become greater every time an individual gets a raise and can make it difficult to get out of debt, save for retirement, or meet other big picture financial goals. Lifestyle inflation is what causes people to get stuck in a cycle of living paycheck to paycheck where they have just enough money to pay the bills every month. Inflation, on one hand, is the general increase in prices and on the other hand decline in purchasing power as well. So I think lifestyle Inflation means the Increased cost of Living resulting in decreased buying capacity. (ability to afford). Lifestyle inflation means you are improving your lifestyle by progressing in your earnings but still not able to have any bank balance, net worth or savings , assets

  Why do most people introduce themselves as "Freelancers" when in reality they are Web Designers, Graphic Designers, Video Editors, Copy Writers, Programmers etc If you tell me you are a freelancer I still have no idea what you do, you could be anything from a logo designer to a brain surgeon. You have missed a chance to connect properly with me. Is it cool to introduce yourself as a freelancer as opposed to something like a graphic designer that happens to work freelance? Even social media profiles just list freelancer under work. Is it a label used by some to show they are doing something? Genuine question.

If you had $1000 spare, where would you use or invest it? Different People thaughts 1- Good stock or property. However, for quite a while I have reviewed cow and hen business as well. But still, I would prefer to add a good stock. 2- One of the mistakes I’ve made over my entrepreneurial journey is barely taking any profit. I reinvest most of what I make and if that investment goes sideways or is stuck for some time, it takes a toll on my mental health. So everything else being as is, I’d spend those 1000 dollars on the pleasures that I’ve been denying myself until after I’ve ‘made it.’ So probably, a few PlayStation games, a few fine-dining experiences, some cigars, and a trip up north that I’ve been putting off for years. 3- A percentage in sadaqah is a must, then I would invest in the amazon wholesale business, the skill I learned and have experience with but couldn't start my own wholesale business due to lack of investment.

  Culture Eats Strategy For Breakfast This is a quote by the famous advisor  Peter Drucker In simple terms, it means culture trumps strategy. A strong and positive culture is vital for organizational success. No matter how well you plan, the success of a project or activity depends on the members of your team. If they don't share the right culture your plan will fail. The people working on the project/plan make all the difference, if they are not motivated or aligned they will hold the organization back. This is why, when hiring, it is more important to check for cultural fit than technical ability. You can upskill or fill in any knowledge gaps but you can't transplant a personality. You can Google to read more on this concept.

  Types Of Income | - Linear Income Linear income is when we trade time for money and is also known as earned income. The idea is that you put in hours to create value and you get paid in return for that value. The more value you can create in your hour the more valuable it is, the more you get paid. When you run out of hours in the day, you have to create more value (upskill) to increase your income because you can't create more hours. If you stop working you also stop earning and typically, as our mental and physical ability diminishes due to illness or age, our linear income also decreases. In other words, you are the Golden Goose, as long as you keep laying eggs you will earn a living and in many cases a very good living. There are some benefits to linear income, there are no capital requirements to start earning, there is minimal risk and for some people, a job suits their temperament and lifestyle. - Leveraged Income Unlike linear income, in leveraged income, our time is d...

  A post revenue Startup I have been mentoring has been rejected by PlanX for not being mature enough and by Plan9 for being too mature! Even though some feedback for the pitch was that is was one of the best. So where do individuals who have actually got off their backsides to build their idea, get some traction and remain lean enough, to not have a large team, go? I feel like advising the founder to take his startup abroad unless anyone has a better idea? I hope someone from PlanX and Plan9 can offer some advice too about what happens to Startups with brilliant ideas, some traction but don't fit the mold? Please tag relevant people.

  If your company does not have set and refined processes, you are just running an inefficient, unscalable group of people. EDIT: From comment below; If you are in the business of making burgers then you should know/document how much each patty weighs, how big it is, how long to fry, when to flip, how to assemble etc - this is your process. Then from customer feedback, your own R&D, and from root cause analysis of mistakes, you learn that the patty needs to be cooked for 1 minute longer and that the slice of tomato should be on top of the lettuce, not below. This is now your refined or improved process and this refinement continues forever (continuous improvement). Now you have a process it will be easier to train new staff, you can scale to have multiple people making a burger that will look and taste the same. You can open a new branch that can make the same burger without you or your head chef is there. If you improve the burger-making process you can circulate it to everyon...

 do I think people would still listen to me or read my posts if I wasn't successful? TLDR; I don't know if people would still read or not. Firstly, I don't know. That is for the reader to say why they read my posts. Is it because the content is useful and resonates with them or is it because I am posting it? It could be both but personally, when I read something useful, I rarely go out of my way to see who wrote it and what they have achieved before taking the content onboard. Secondly, I don't think I have shared or claimed any significant "Sucess Story". I just share my journey on which I may be ahead of some of you but far behind many others. There is still a long way to go. I am thankful and grateful, Alhamdulillah, but I don't consider myself "Successful" as an individual or as an Entrepreneur. Granted, there have been lots of little successes along the way but it is not a label that I ever consider applying to myself and I hope I do not por...

  can you please share your crypto trades? Ans: My trades from the last 90 days, every single trade is in profit. Most of them were made while I was asleep. This is the beauty of DCA. I always practice what I preach. BUY 04/05/2021 £40,450.15 BUY 10/05/2021 £41,566.29 BUY 17/05/2021 £32,196.76 BUY 17/05/2021 £32,210.86 BUY 24/05/2021 £25,193.08 BUY 28/05/2021 £25,372.45 BUY 01/06/2021 £25,445.75 BUY 07/06/2021 £25,952.69 BUY 14/06/2021 £27,900.01 BUY 14/06/2021 £28,751.86 BUY 21/06/2021 £25,645.21 BUY 21/06/2021 £23,382.74 BUY 21/06/2021 £23,386.52 BUY 24/06/2021 £24,022.46 BUY 28/06/2021 £24,859.89 BUY 05/07/2021 £25,302.92 BUY 12/07/2021 £24,606.10 BUY 12/07/2021 £24,607.22 BUY 19/07/2021 £23,019.32 BUY 26/07/2021 £25,891.62 BUY 28/07/2021 £28,747.38 BUY 02/08/2021 £28,439.69 BUY 09/08/2021 £31,186.64 BUY 16/08/2021 £34,142.41 BUY 23/08/2021 £36,764.99 BUY 27/08/2021 £34,418.70 BUY 31/08/2021 £34,504.00 BUY 31/08/2021 £34,504.13 BUY 06/09/2021 £37,345...

What is FIQ? FIQ is Frequently Inboxed Question

  What Degree Or  New Skills Should I Chose To Increase My Chances Of Being Successful & Wealthy? | I will let you into a secret that nobody who sells Education or Skills Courses will tell you. It is not a particular degree or skill that can make you successful and or wealthy. If that was the case then everyone doing a particular degree or learning a particular skill would be successful and rich, and we know that does not happen. In order to learn how to be successful, we have to compare the traits of successful people versus those that may be working hard but are struggling. We learn that those that have made it, did not necessarily "make it" due to their education or technical skills but they do have the following common traits.  - They are disciplined in whatever they do in their personal and professional lives  - They are focused with minimal distractions   - They have a high level of Emotional Intelligence  - They can motivate themselves and d...