Formula For Prosperity

While watching an online seminar, one of the speaker’s slides caught my attention.

The Milken hypothesis formulated prosperity (P) as follows:

P= Ft ( HC+ + SC + RA),

It posits that “prosperity equals the effect of financial technologies (Ft) acting as multiplier on the total value of human capital (HC), social capital (SC), and the real assets (RA) – cash, receivables, land, buildings, etc. – typically found on balance sheets”.

The questions that beg to be answered are as follows:

Financial technologies (Ft)

You need to have optimal financial technologies to accelerate your financial wealth. They help you to achieve ever more wealth with ever less resources.

1. Do you have the requisite financial literacy knowledge and skills to be rich and wealthy?

2. Do you have the required system and other resources to be financially free?

Human capital (HC)

Wealth creation begins with re-creating yourself. The quality of your wealth depends on the quality of your life.

The larger your capacity for creating wealth, the larger the amount of wealth you will attract and multiply in your life.

3. Do you have the appropriate plan, information, expertise and very importantly, the lifestyle and actionable steps to achieve financial success?

4. Do you have the wealth-creation wisdom, discipline, grit, and resilience to press on until you reach your financial destination?

Social capital (SC)

In creating wealth, like they say, it’s not just about what you know but also who you know. Your net worth will tend towards the average net worth of your closest friends.

Therefore, increase your social capital to increase your financial capital.

5. Are you learning from and modeling after the top ranks of the rich and wealthy people?

6. Are you interacting with and building solid relationships with people who will drive you to improve your financial position and assets?

Real assets (RA)

I have to state once again that I’m not a believer that you must have money to make money. The easier and better way is to monetize non-financial items and seek to maximize your returns from them.

7. Do you know how to translate what you already have or can develop in your life to become great wealth?

They include your focus, personality, mindfulness, vision, beliefs, values, leadership, integrity, passion, discipline, spirituality, capacity and competence, ideas, team, market intelligence, courage, creativity, innovation, learning and improvement process, initiatives, system, technology, productivity, connections, persuasiveness, deal making and management skills etc.

8. How are you going to develop the knowledge, attitude, skills, and habits (KASH) to help you run farther and faster on the financial journey?


About Patrick Liew
About Patrick Liew Patrick Liew MBA, MSc, BSc is the Managing Partner of Global Enterprise Exchange Pte. Ltd.. He is also the founder and director of Success Resources, arguably the world’s largest personal development seminar organiser and a major shareholder of a company, which is listed on the Australian Stock Exchange. He was previously the Executive Chairman and CEO of HSR Global Ltd., a publicly listed company on SGX-ST. Previously, he was the regional director of the Gartner Group, providing strategic advisory and planning services to governments, banks and MNCs. He was also the regional head of sales and marketing operation for Dow Jones Telerate. Patrick graduated with a BSc in Estate Management from Heriot Watt University, an MSc with emphasis in global business and marketing from The City University Of New York, and an MBA from Henley Business School / Brunel University. He has also earned more than nine other professional qualifications. Patrick is arguably the first person to develop a multimedia e-learning programme on entrepreneurship. He authored a Chinese book on business systems and was also the co-author of a Times Bookshop best-selling book. Patrick has conducted both ‘brick and mortar’ and online lessons for participants from more than 60 countries. He has also conducted keynote presentations in many international conferences, including being the first Singaporean to teach at the National Association of Realtors. Through his team at Success Resources, Patrick has organised educational conferences for prominent leaders such as President Bill Clinton, Prime Minister Tony Blair, Michael Porter, Richard Branson, Robert Kiyosaki, Donald Trump, and many other prominent leaders. Patrick provides leadership and advisory services to many professional and charity organisations. He is actively involved in supporting humanitarian, philanthropic and charity causes. He has organised three fund-raising events and in the process, help to set three national records in the Singapore Books Of Records. Patrick won the Entrepreneur Of the Year Award For Social Contribution, the Asia Pacific Entrepreneurship Award, and six other business awards. Patrick believes the best way to live your life is to live your life for others. The more you reach out to bless other lives, the richer and better your life will become. -------------------------------------------------------------------------------- A Personal Note to my Friends The articles that I post online; or what I term as Love Notes, are written with the purpose of inspiring readers to live at a higher plane in life. They are also meant to motivate those who are struggling in life and help them find handlers to overcome their conflicts and challenges. It is my ardent hope that we will form networks and alliances of like-minded people who will put to right many of the wrongs in our midst. Together, we will leverage on each other's resources and create a synergistic impact in making our world a better home. These articles are written as part of regular reflection about the vicissitudes of life. They are at best work in progress and at worst, grumblings, grouses, and gripings of a finite old man. I have deliberately decided NOT to delete many of the articles and pointers that I may not agree with or are outrightly wrong. This is to keep a record of how my personal ideas, beliefs, and values have evolved over time. In addition, I hope to encourage readers by letting them know that I also make mistakes and am struggling with many of the complexity and complication in life. As long as we hang on to hope and work on finding a solution, there will be light at the end of whatever tunnel we are in. I do not pretend to know everything or for that matter, anything of substance. In fact, the more I study, learn, and think about the vast wisdom and knowledge out there, the more I realised how little I know about life and the ways of life. Hence, I have always ended my article by asking readers to continue to teach me. For I, too, am a sojourner in the exploration of truth and the adventure of finding meaning, purpose, and significance for my existence. I am proud of and make no apology for being a Christian, albeit not the most exemplary one. I believe our Creator can lead and guide us to be the best that we can ever be. I bear full responsibility for the shortcoming and error in my life, including my words. The fault is entirely mine and not due to anyone else. Readers have and can exercise the power of choice. They can discard what will not work for them and adopt those that can propel them further and faster in the pursuit of better performance, outcomes, and fulfillment. If I have disappointed or hurt you in any way, form, or manner, I would like to apologise to you. Please do not hold them against me or whoever or whatever is related to me. There are much to pray about, learn, and do. And I'll work on them with a sense of urgency. I hold on to the belief that 'Anything worth doing is worth doing with passion and excellence'. I'll endeavour to live by it. Life is short. There's no dress rehearsal and neither can we turn back the clock to change the drama of life. Therefore, by the grace and power of our Creator, let's live a full life and live it to the fullest. May God bless you abundantly on the journey of life. Your online servant, Patrick Liew I hope this message will find a place in your heart. By the way, I have also recorded other reflections. Please 'Like' me on Visit my Inspiration blog at For my opinions on social affairs, please visit my Transformation blog at Please visit my website, Please read my reflection and continue to teach me. Life is FUNtastic!

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