A Blog Posted by Singapore 's Youngest Millionaire by Adam Khoo

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

UNDERSTANDING

I understand when you stepped back
Cos I 'm too strong and too naive
I understand when you walked away
Cos I'm too good to be true for you

I won't blame you
I won't be sad more
Cos too many thing I should understand

I'm an angle bird in the flame
I was't born for you

Its time to say good bye
Its paid with my understanding
For now and for tomorrow

NN

"Re-evaluating priorities and risks. Hoping it's not too late to put things in order and motion. Setting worries and anxieties aside. Crossing fingers and praying that everything will go on well and smoothly."

Above quote may seem remote and irrelevant now, but trust me, there are times when this quote is making more sense than now. Feeling desperate, lost of hope, burdened, full of stress and many other nerve-breaking syndrom are not best choices of feeling to be experienced. Those feelings always manage to create a wormhole or black hole or just a mass of empty void inside of you or surrounding you.

Difference between men and women

A Woman marries a man expecting that he will change but he doesn't
A Man marries a woman expecting that she won't change and she does

Blessing Graces to The Lord, Jesus Christ

Bapa Surgawi Terima Kasih untuk semua anugerah-Mu dalam kehidupanku Terima kasih untuk kasih-Mu yang tanpa batas bagiku, keluargaku dan orang orang di sekitarku. Terima Kasih menjadikan aku sebagai alasan Engkau memberkati lingkunganku, pekerjaanku dan komunitasku. Semua kutukan nenek moyangku, kedua orangtuaku , keluargaku dan aku sendiri, aku patahkan dalam KUASAMU. Segala sakit penyakit dalam tubuhku dan keluargaku telah ENGKAU sembuhkan oleh bilur bilur-Mu. Tahirkan lidah, mulut dan bibirku sehingga hanya kata kata berkat dan Firman-Mu saja yang bisa aku katakan Tahirkan mataku sehingga hanya hal hal yang daripadaMu saja yang aku lihat, untuk pertumbuhan imanku Tahirkan telingaku sehingga hanya kebenaranMu yang aku dengar dan perdengarkan Berkatilah aku, pasangan hidupku, anak-anakku, semua keluargaku, rumahku, pekerjaanku serta teman2ku. Jadikanlah kami perpanjangan hati dan tanganMU. Terima Kasih Bapa untuk semuanya Dalam nama TUHAN YESUS aku berdoa. AMIN....

Balance Sheet of Life

Our Birth is our Opening Balance!

Our Death is our Closing Balance!

Our Prejudiced Views are our Liabilities

Our Creative Ideas are our Assets

Heart is our Current Asset

Soul is our Fixed Asset

Brain is our Fixed Deposit

Thinking is our Current Account

Achievements are our Capital

Character & Morals, our Stock-in-Trade

Friends are our General Reserves

Values & Behaviour are our Goodwill

Patience is our Interest Earned

Love is our Dividend

Children are our Bonus Issues

Education is Brands / Patents

Knowledge is our Investment

Experience is our Premium Account

The Aim is to Tally the Balance Sheet Accurately.

The Goal is to get the Best Presented Accounts Award.



Some very Good and Very bad things ...


The most destructive habit....... ......... ......Worry

The greatest Joy......... ......... ......... ....Giving

The greatest loss.......Loss of self-respect

The most satisfying work........ .......Helping others

The ugliest personality trait....... ......Selfishness

The most endangered species..... ....Dedicated leaders

Our greatest natural resource.... ......... ..Our youth

The greatest 'shot in the arm'........ ..Encouragement

The greatest problem to overcome.... ......... ....Fear

The most effective sleeping pill........ Peace of mind

The most crippling failure disease..... .......Excuses

The most powerful force in life........ ......... ..Love

The most dangerous pariah...... .. A gossip

The world's most incredible computer.... ....The brain

The worst thing to be without..... ......... ..... Hope

The deadliest weapon...... ......... ........The tongue

The two most power-filled words....... ......... 'I Can'

The greatest asset....... ......... ......... ......Faith

The most worthless emotion..... ......... ....Self- pity

The most beautiful attire...... ......... .......SMILE!

The most prized possession.. ......... .....Integrity

The most powerful channel of communication. ....Prayer

The most contagious spirit...... ......... ...Enthusiasm

The most important thing in life........ ......... .GOD