Worth of money - Adam Khoo(youngest millionaire)

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 makes 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.

(Excerpt taken from a blog posted by Singapore 's youngest Millionaire - Adam Khoo)


Note: This stuff is sent by my good fren. Thanks sudha :)

Euthanasia

This words means "The act of killing someone painlessly (especially someone suffering from an incurable illness)"... also called "mercy killing".

Today morning in the bus I was reading "Doctors" novel. There it talks about mercy killing.... A doctor Seth, kills his brother Howie as he was suffering from brain damage.

How I wish it wasnt just about illness or something... it would be good if one kill oneself if they doesnt want to live anymore... many people suffer from depression and stress... they should make a law that a person can go ahead and do such thing...

and for terrorists and criminals and corrupted politicians... killing them should be mandatory instead of giving imprisonment for 5-7 years.

Interpretation of dreams

Well... last night I had a stupid dream... and the experience was quite shocking to me...
In my dream the dream goes like this...

I was near cyber gateway(that is where my office is at present)...some unknown man attacked me... i was trying to defend myself... i got a knife from somewhere(god knows where) :(
i made a scratch on his shirt with that knife... and then he run away from me...
i was happy.. but at the same time, he threw some sharp object at me...
that hit right in my right hand making a 10cm long injury( i could tell the exact length because i know where the scratch was exactly)... I had sharp pain in my right hand... i fell down on the ground shrieking with pain...
at the same exact moment....
i got up...
i had too much pain in my right hand...
i was wearing a turtle neck shirt made of wool...
i pulled up my sleeves to check if blood is oozing out...
but nothing was wrong...
my hand was perfectly alright...
but it was still aching for atleast 15 mins even after i woke up completely and was in my complete senses...

i couldnt understand this fact... there is some pain in my dream and i felt it in the present...
people say that if you dream something during the early hours of morning... it would come true...
i was dreaming this dream at around 5:30am ....
would this come true??????????????

I would like to read Freud's Interpretation of Dreams to understand dreams properly...
My hunt for this book will go on now....

Barney Livingston

I am already in love with the character of Barney in Doctors novel. I just read 258 pages over the weekend. I am yet to discover many things about the story.
~~deeps~~

Fine evening in Hyderabad

Today was the most beautiful day of my life... I went with my good fren to eat outside... it was drizzling outside... there are beautiful trees and flowers just beside our office... all these 3 years i have not noticed... but today we felt like exploring... so went there and took some snaps... they turned out to be the most beautiful ones :)
have a look at them....



this is right in between rocks...

this is under a beautiful yello flower tree

Aroopi amidst beautiful lavender flowers

And this is me amidst lavender flowers