www.adam- khoo.com......YOUNGEST MILLIONAIRE OF SINGAPORE...!!!

FW: Power of Money‏
Fra: V Sivasupramaniam (vijaratnamsiva@hotmail.com)
Sendt: 2. juli 2009 16:39:26
Til: Dr Murugaian Pugalendhi (murugaiyanseychelles@gmail.com)


IT IS WELL WORTH READING
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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 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 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.
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.

Article sourced from http://www.adam- khoo.com