How do you view this ""Inspirational Message""?
""Inspirational ! Power of Money, By Adam Khoo ( Singapore 's youngest millionaire at 26 yrs.) 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 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, 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 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."""
Other - Society & Culture - 3 Answers
Random Answers, Critics, Comments, Opinions :
1 :
Well!!!!!!! A nice message to ponder upon.. Thank you for sharing with us!!
2 :
Very wonderful message, simply rich!
3 :
Nice lines: "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..."!! But what do we actually do? We pamper children with ''gifts'' of sorts at every opportunity and make them feel good with material things.. with the result we make them seek the joy outside of themselves, that is shortlived and ever keeps one expecting for more and more, still remaining unsatiated!! Govt gives sops to people to attract votes, instead of giving opportunities to grow economically!! Traders give ''gifts'' with their products, to attract customers. Parents bribe kids promising something if they did their study / sports well etc. We are ever held in the grip of material attractions that carry the pride of ''merit'' earned /acknowledged or love shared.. So we are thrown into a conditioning from childhood to look upon material possessions as adding some 'value' to life. We do not take the Budha's insistence to keep desires at bay or more practical advice of great ones like Sai Baba to keep ''a ceiling on desires'' which are very useful tips to us. That a millionaire baled out this gem from his stark personal perception and practice is highly significant and we should care to imbibe the salutary habit in our own lives, for our best interests. Thnx Bull for the quote - many of us miss such nice articles of value, while wasting our time reading the political jokes and news of inconsequence!
