Just want to share with you guys out there... a very inspiring thought.
Friends, make sure you read this story until the end
POWER OF MONEY
By Adam Khoo - Singapore's youngest millionaire at 26 yrs.
POWER OF MONEY
By Adam Khoo - Singapore's youngest millionaire at 26 yrs.
I travel around the region pretty frequently, having to visit and
conduct seminars at my offices in Malaysia, Indonesia, Thailand and Suzhou (China).
I am in the airport almost every other week so I get to bump into many people who have attended my seminars or have read my books.
Recently, someone came up to me on a plane to KL and looked rather shocked. He asked, 'How come a millionaire like you is traveling economy?' My reply was, 'That's why I am a millionaire. ' He still looked pretty confused.
This again confirms that greatest lie ever told about wealth (which I
wrote about in my latest book 'Secrets of Self-Made Millionaires').
Many people have been brainwashed to think that millionaires have to
wear Gucci, Hugo Boss, Rolex, and sit on first class in air travel.
This is why so many people never become rich because the moment that
earn more money, they think that it is only natural that they spend
more, putting them back to square one.
The truth is that most self-made millionaires are frugal and only
spend on what is necessary and of value. That is why they are able to
accumulate and multiply their wealth so much faster.
Over the last 7 years, I have saved about 80% of my income while today
I save only about 60% (because I have my wife and 2 kids, mother in
law, 2 maids etc. to support). Still, it is way above most people
who save 10% of their income (if! they are lucky).
I refuse to buy a first class ticket or to buy a $300 shirt because I
think that it is a complete waste of money.
When I joined the YEO (Young Entrepreneur's Orgn)a few years back (YEO
is an exclusive club open to those who are under 40 and make over $1m
a year in their own business) I discovered that those who were
self-made thought like me. Many of them with net worth well over $5m,
travelled economy class and some even drove Toyota's and Nissans,not
Audis, Mercs, BMWs.
I noticed that it was only those who never had to work hard to build
their own wealth (there were also a few ministers' and tycoons' sons
in the club) who spent like there was no tomorrow. Somehow, when you
did not have to build everything from scratch, you do not really value
money. This is precisely the reason why a family's wealth (no matter
how much) rarely lasts past the third generation.
Thank God my rich dad foresaw this terrible possibility and refused to
give me a cent to start my business.
Then some people ask me, 'What is the point in making so much money if
you don't enjoy it?'
The thing is that I don't really find happiness in buying branded
clothes, jewellery or sitting first class. Even if buying something
makes me happy it is only for a while, it does not last.
Material happiness never lasts, it just give you a quick fix. After a
while you feel lousy again and have to buy the next thing which you
think will make you happy. I always think that if you need material
things to make you happy, then you live a pretty sad and unfulfilled
life..
Instead, what makes me happy is when I see my children laughing and
playing and learning ! so fast. What makes me happy is when I see my
companies and trainers reaching more and more people every year in so
many more countries.
What makes me really happy is when I read all the emails about how my
books and seminars have touched and inspired someone's life.
What makes me really happy is reading all your wonderful posts about
how this blog is inspiring you. This happiness makes me feel really
good for a long time, much much more than what a Rolex would do for
me.
I think the point I want to put across is that happiness must come
from doing your life's work (be it teaching, building homes,
designing, trading, winning tournaments etc.) and the money that comes
is only a by-product.
If you hate what you are doing and rely on the money you earn to make
you happy by buying stuff, then I think that you are living a life of
meaninglessness.
Dah 31 haribulan! Hari ni last day untuk redeem 
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