Sunday, March 27, 2011
Thursday, March 24, 2011
Millionaire
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 they 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, jewelry 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.
( 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 they 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, jewelry 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.
Monday, March 21, 2011
Nainai 2
Children,
Nainai is unwell. Her lungs are not functioning properly now. She appears quite normal after a long period of rest. Her mind is strong and she smiles and speaks cheerfully. After one or two hours of normal activities she becomes very tired as the oxygen level in her body gets depleted. She will walk a few steps and then need to sit down gasping for breath.
Her left arm is swollen and the movement is impeded. The legs are also swollen.
Nainai's body is unwell but her mind radiates equanimity. She says that this body of ours will fall sick and grow old. The body is not us, for if it is us then we can tell the body to stop falling sick and stop growing old. It is more important to practice for a strong mind.
It hurts us knowing about Nainai's condition but we can help her manage the situation. Let's leave the caring of her body to the medical professionals. We can all play an important part helping Nainai maintain a strong mind. You can cheer her up by recounting the happy moments you had with her. Like how she used to care for you when you were little, the holiday trips that we did together and the way she used to pamper you. Tell her about some of your interesting daily activities.
Sending a get well card is another good idea; her address is 02-09, Pangsapuri Melur, Jalan Melur, Bagan Jermal, 12300 Butterworth, Penang.
The chanting sessions we did was good. The scene of many members of the family chanting was joyful and dignified. All seated around Nainai, palms together and chanting the Guan Yin Phu Sar, Om Mani Padme Om and Or Me Duo Fuo. Everyone had a chance to hold Nainai's hands. It brings the family together and everybody, young and old alike, can do something for Nainai. We should do it regularly.
Grieving is a process, it starts with denial, anger, bargaining, depression and at last acceptance.
Denial: it cannot be me.
Anger: angry that so and so is not doing enough. I must have done something wrong. Who's fault?
Bargaining: make this not happen and in return I will...
Depression: extreme sadness, the mind keeps repeating the misery and losing interest in other things in life.
Acceptance: once one accepts the eventuality one can then get on with life.
Investigate which part of the grieving process you are in and take care of the health of your mind. Working as a volunteer, I have come across cases where people stayed in the depression state for a long time. It is both not healthy and not beneficial.
We hope Nainai will recover but let's prepare for the worst. If you need to say something to Nainai, say it now. If you need to do something for Nainai, do it now. For tomorrow may be too late. We do not want to carry the burden of guilt for the rest of our life regretting not doing what is right.
Every phase of our life ends, the end of one phase is the beginning of another phase, a better phase. Make the best of the phase you are in, be good be happy, for it will end sooner that you think. Face the new phase with courage and confidence; it is the foundation of a better phase.
Life is a journey. In this journey of ours, difficulties are bound to have but misery is a choice.
dad
180311
Nainai is unwell. Her lungs are not functioning properly now. She appears quite normal after a long period of rest. Her mind is strong and she smiles and speaks cheerfully. After one or two hours of normal activities she becomes very tired as the oxygen level in her body gets depleted. She will walk a few steps and then need to sit down gasping for breath.
Her left arm is swollen and the movement is impeded. The legs are also swollen.
Nainai's body is unwell but her mind radiates equanimity. She says that this body of ours will fall sick and grow old. The body is not us, for if it is us then we can tell the body to stop falling sick and stop growing old. It is more important to practice for a strong mind.
It hurts us knowing about Nainai's condition but we can help her manage the situation. Let's leave the caring of her body to the medical professionals. We can all play an important part helping Nainai maintain a strong mind. You can cheer her up by recounting the happy moments you had with her. Like how she used to care for you when you were little, the holiday trips that we did together and the way she used to pamper you. Tell her about some of your interesting daily activities.
Sending a get well card is another good idea; her address is 02-09, Pangsapuri Melur, Jalan Melur, Bagan Jermal, 12300 Butterworth, Penang.
The chanting sessions we did was good. The scene of many members of the family chanting was joyful and dignified. All seated around Nainai, palms together and chanting the Guan Yin Phu Sar, Om Mani Padme Om and Or Me Duo Fuo. Everyone had a chance to hold Nainai's hands. It brings the family together and everybody, young and old alike, can do something for Nainai. We should do it regularly.
Grieving is a process, it starts with denial, anger, bargaining, depression and at last acceptance.
Denial: it cannot be me.
Anger: angry that so and so is not doing enough. I must have done something wrong. Who's fault?
Bargaining: make this not happen and in return I will...
Depression: extreme sadness, the mind keeps repeating the misery and losing interest in other things in life.
Acceptance: once one accepts the eventuality one can then get on with life.
Investigate which part of the grieving process you are in and take care of the health of your mind. Working as a volunteer, I have come across cases where people stayed in the depression state for a long time. It is both not healthy and not beneficial.
We hope Nainai will recover but let's prepare for the worst. If you need to say something to Nainai, say it now. If you need to do something for Nainai, do it now. For tomorrow may be too late. We do not want to carry the burden of guilt for the rest of our life regretting not doing what is right.
Every phase of our life ends, the end of one phase is the beginning of another phase, a better phase. Make the best of the phase you are in, be good be happy, for it will end sooner that you think. Face the new phase with courage and confidence; it is the foundation of a better phase.
Life is a journey. In this journey of ours, difficulties are bound to have but misery is a choice.
dad
180311
Sunday, March 20, 2011
Super Cast Super Moon
Yo Yo Yps - Very Interesting video which answers to Super Moon - happy watching :-)
Thursday, March 17, 2011
Type of people
Some people just can't understand...Why others are different...Some people can't understand that they just can't help it.They reject them,jeer at them,push them,kick them.Although they've done no wrong.They become rejected,loners...Slowly,they'll get used to it.But there's so much unhappiness in them.I'm writing this to appeal to every single one of you.Don't reject others.They just want somebody to understand them.Most of them are naturally lonely,you can't change that feeling.But as long as you show some support,some kindness,some encouragement.They'll be grateful.Their not unusual in any way,no illness of any kind,they're just different.That's why they're always the outcasts...So please.Don't try to understand them.Don't try to even help them.Leave them.If you want to help them.If you truly understood them,they'll come looking for you...
Mr. W - More than he seems...
Tuesday, March 15, 2011
A couple of Photos from Uncle Richard
Hello YPs,
Hope all of you who joined in the bellboating event had as much as fun as I did. Heard that while we're out at the "battle in the seven seas", our coaches, mummies and daddies also had fun, with the food and drinks and most important of all, good company.
I also like to acknowledge all of you for being such a good sport, helping and supporting each other.
Please take a moment to thank your mummies and daddies, in your heart and mind, for giving you the opportunity.
Last but not least, when you see Uncle Richard and Uncle Stanley, don't forget to say hi and thank them again for being such fun and wonderful teachers.
Sadhu Sadhu Sadhu!
Coach EK
Monday, March 14, 2011
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