If you look at the world’s billionaire names – you will see people from around the world and all of them likely have or should have a book about them. To earn a billion dollars is a major accomplishment and makes an interesting story. One of the billionaires on the list is Li Ka-shing who made his first billion in Hong Kong and now makes it around the world, a book about him was written by Anthony B. Chan, Macmillian Canada, 1996.

Li says he has a simple recipe for financial success – one needs to have many important qualities to succeed, a capacity to work hard, loyalty to those working with you and the job at hand, good judgement and a little luck. These plus a sense of direction – for if you have no direction you will be pulled to the sides of the advice of others and if you follow everything you will have less. Li also said before I make a final decision, I study everything very carefully – from supply and demand to the political situation. Once I make a decision, I go quite fast to catch the market at the right time. However good a situation looks, I always prepare for the downside. in addition, as a dealmaker I have a well deserved reputation as being above board and honest. If I say yes, we go ahead, sometimes I say yes too quickly and it is not to my advantage, but I keep my promise. That wins me trust and my word is golden.

Linking to dividend paying stocks – one of the lessons you can learn from Li is doing your homework to know which of the many opportunities to move into. When you own a dividend paying stock that has consistently paid dividends and even raised the dividend, money will be coming to your account on a regular basis. You have your choice what to do with the money – spend it, reinvest in the same company or invest in other companies. Before choosing other companies you should have done your homework because share prices go up and down – which other companies do you want to own? Doing your homework means taking your time and when the money flows in you are in a position to make a decision or take advantage of the opportunities that you see.

There are more questions than answers, till the next time – to raising questions