If he continue..his life like this, then he will be the most richest man.. On 10/29/08, Kausar <[EMAIL PROTECTED]> wrote: > > > A Blog Posted by Singapore 's Youngest Millionaire > > By Adam Khoo | > > Some of you may already know that 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 travelling > 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, mother in law, 2 maids, 2 kids, > 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. However, I happily pay $1,300 to send my 2-year old > daughter to Julia Gabriel Speech and Drama without thinking twice. > > When I joined the YEO (Young Entrepreneur's Organization) 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 worths > 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 (oh no! I sound like Kiyosaki) 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 make ME happy is when I see my children laughing and > playing and learning so fast. What makes me happy is when I see by > 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 in 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 meaningless. >
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