> Make time to read this!Money and Happiness > > 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, Thats 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..(eg:Warren Buffet) > 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. > > I joined the Young Entrepreneurs 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,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 familys 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 dont enjoy it? The thing is that I dont 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 popularevery 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 some ones 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 lifes 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 and considered a ninnyhammer.
Posted on: Tue, 29 Oct 2013 03:49:49 +0000
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