How is Petrol Price Hike related to Personal Development?

June 5, 2008 | 4 Comments

Today we received a very interesting email from our friend, Chuan Hock who attended the Millionaire Mind Intensive in KL recently. He was commenting about the recent petrol price hike announced by the Malaysian government yesterday. You must be wondering how petrol price hike is related to personal development. Read on to find out…

Written by Chuan Hock

Yesterday evening, 4th June 2008, at approximately 5pm, the car owners of the whole Malaysian nation rushed to fill up their tank as if petrol is on one day sale! This is following the announcement that the petrol price will be increase from RM1.92 to RM2.70 per litre.

What are these people are thinking? Are they dumb or smart? In fact I am quite sad looking at the situation where people are rushing for petrol! I am sad not because of the petrol price hike. I am sad because the people surrounding us have ‘poor’ mindset!!!!

Where is T. Harv Eker????

The people of our country need your help to change their money blue print! We need more MMI (Millionaire Mind Intensive) seminars to be held here to help our fellow citizens!!!

Imagine, every road that has petrol stations was jammed due to the cars queuing to top up their petrol tank! Everywhere, every state, every kampung, every road, every corner that has got a petrol station were jammed! People were willing to queue up for 1-2 hours to get their tank filled. Is it worth doing that?

Let’s assume a car has a 50 liter tank capacity. If the tank is almost empty, then you have no choice but to queue to refill. You will save RM39 (this is assuming your tank is dry to the brink).

But not every petrol tank is empty. Majority are half full, or 2/3 or 1/3 full. So, let’s just take an average of just 1/2 tank (25 liters) to be refilled.

25 liters x RM0.78 = RM19.50

(Note: 78 cents is the increased amount)

So, an average driver (per car) will save RM19.50 by topping up the petrol tank.

Question: Do you think it is worth to queue for 2 hours to save RM19.50?

Why can’t these people use the 2 hours to do something of more value which is worth more than RM19.50 of what they can save???

How much can you earn in 2 hours?

- a typical hawker can fry approximately 50 plates of koay teow. If one plate costs RM4, with just a nett profit of RM1 per plate, he/she will earn RM50 in 2 hours!

- an investor (forex or options trading) can earn a few hundred or a few thousand dollars in 2 hours

- an average engineer’s salary is more than RM10 per hour!

- even a cleaner (the person who comes to clean your house aka ‘maids’) earns more than RM19.50 in 2 hours. They are paid RM50 for a 4 hours job.

If a cleaner’s job is worth more than RM19.50 for 2 hours, and if you feel that you have done a fantastic job by queuing up for 2 hours just to save RM19.50, I think all those queuing for petrol that night will be in very deep trouble when comes the time petrol price hits RM4 per liter!!!

Why? Because by the time petrol price is RM4 (per liter), these people will still be the same, doing the same thing, queuing up to pump to full tank trying to save the one time cost!

They never think of a way of to make their money work harder for them to overcome this crisis! They never think of passive income, investment or business to channel more $$$ for them! They just sit and complain about the price hike!

I really hope that those who are willing to change their life and change their money (financial) blueprint will attend T Harv Eker’s Millionaire Mind Intensive (MMI) seminar. After attending MMI, you will know why millionaires are different from others…. and you will be on your way to be one of them once you have the right mindset!

And when comes the next petrol price hike, you won’t be sitting in your car queuing up to pump petrol anymore!