Have you seen Yoyo Phone before?

They're just concept phones for now, but we're guessing the idea could be reused: ModeLabs has created a series of concept phones that run off sustainable energy sources.

One concept phone looks like a yo-yo that hangs around the user's neck and continuously harnesses both solar and kinetic energy using a pendulum and voltaic cells.Knowledge is nothing; power is power. Consumers have lots of wants when it comes to batteries these days — a long life, a quick charge and, increasingly, a sheen of green.

Your True Wealth & Security Lies in Your Mindset And Nobody Can Take This Away From You!

There was a middle-aged gentleman telling his friend that he wanted to re-think and re-plan his life’s strategy as he felt like he wasn’t going anywhere in his career. What frustrated him was that he used to be very successful in school. He was the perfect student who studied hard, got top grades and went to Raffles Institution, Raffles Junior Colleges and to NUS, where he got a first class honors degree.

He did everything by the book and coudn’t understand why he had less success and money than some of his friends who were from lousier schools and had poorer grades. ‘Where did I go wrong?’, he asked himself. He always wanted to change his life but procrastinated for a long time. What really made him take action was that he had enough about working so hard, but always getting passed up for a promotion. What’s worse was that his company (an MNC) was undergoing a restructuring and there was a high posisbility that he may get retrenched. At the age of 43, he had the fear of what he was going to do if it should happen to him. He is looking nowhere for answers.

All of us realized that the world had changed so much since our parents time and the advice they gave us in the past will not only NOT help us succeed, but it may kill us. In the past, change happened slowly and people would work for the same company their entire lives. In the old days, parents gave good advice like, ‘ study hard. Get good grades. find a good job with a good company. do as you are told. don’t rock the boat. the longer you stay and the more loyal you are, your value and pay will automatically increase until you finally get to retire at 50 with a nice secure pension.’

However, the world we live in today is vastly different. Technology and knowledge is changing so fast that 80% of what you learn in school is OBSOLETE by the time you graduate. The nature of jobs are changing so fast that 50% of the jobs that exist today will not exist or exist in a different form 10 years from now. So what does this mean? THis means that when you work for a company today, there is no job or income security anymore. The longer you stay in a company, your value will begin to decline (if you don’t upgrade yourself continously and do things differently). By the time you hit 45-50 years old, there is a 70% chance of being retrenched! Why? becasue your boss will know taht he can hire someone half your age, half your pay, double your energy, doing the same job! And even if you can find another job, it will probably be at a much much lower pay!

Many people who are holding their prestigious degrees and in prestigous positions (Senior managers, Vice-presidents, directors) think they have security. But it is really an ILLUSION of security. Because you do not own your job or your income. Both these can be taken away from us at any time.

So what will give us true income, true freedom and true security? The answer is in continually investing in yourself and upgrading yourself. Your true wealth and security lies in your mindset and your personal mastery skills in being able to continually motivate yourself and overcome adversity. No one can take this away from you! With the right mindset and personals success strategies, you will be able to ride the sea of changes and take charge of the environment, instead of allowing the environment take charge of you! You have to begin to master your mind and design your own destiny (or someone will design it for you)

Strategies to Effective Money Management

Before you can ever reduce your expenses and increase your savings, you must first know where your money is going to. Many people share the same experience of having no idea where their $5,000 salary went. 'How did I spend so much money?' 'I thought that I should have $1,000 left at the end of the month, but it seems to have all disappeared!'

With a simple yet powerful system which I personally use together with specially designed Microsoft Excel templates like the 'Monthly Personal Income Statements' and 'Daily Expense Sheets' you just need to invest fifteen minutes a day to manage your money.

If you want to be wealthy, do not expect it to happen automatically. You must commit to spend time on your finances.

Millionaires spend an average of an hour a day on personal wealth management, while most people spend less than an hour a month, usually on paying bills.

So out of this one-hour a day, you've got to devote the first fifteen minutes to do these five Money Management Steps

1) Always Ask for a Discount

If it is not a fixed price store, there is a 70% chance that you will get a discount if you just ask for it. If you get a 10% discount, it is equivalent to earning an immediate 10% return onyour money. Over the long term, you will save a huge amount that will accelerate you even faster towards your targeted net worth.

2) Always Ask for a Receipt

Always get a receipt so that you can track every single expense at the end of the day and, if possible, claim it as a business expense and get a tax deduction.

3) At the End of the Day, Record all Expenses in your Daily Expense Sheet

You can do this manually in the sample 'Daily Expense Sheet 'at the end of the chapter or you can key it in electronically into atemplate. I highly recommend you key it into an excel spread sheet, so it can automatically add up the total each month.

4) Use a Credit Card Whenever You Can (but always pay the full outstanding sum every month)

Again, this will allow you a convenient way of having all your expenses recorded for you in the monthly statement.

5) At the End of the Month, Update Your Monthly Income Statement

At the end of every month, add up the total expenses from your daily expense sheet and update your monthly income statement. At the same time, update all your income for the month. Deduct your total expenses from your total income to get your monthly savings.

You must use a system to track where every single dollar goes. Only when you know where your money is going, can you take steps to channel it to your savings and investments.

Doing this month after month may seem tedious, but it is absolutely necessary if you want to build your wealth. Only when you develop the habit of managing your personal finances, can you manage the finances of your own business.

So many people financially mismanage their businesses into bankruptcy because they mismanage their own finances. Don't be one of them!