True Happiness

I did a 180 since the day I read article below. This is one of the single insight that powerfully changed my life forever. I share this to you and I hope it brings significant impact to your life as well. Enjoy reading!

Written 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 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 $5 m, travelled economy class and some even drove Hondas, Toyotas 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 gives 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.

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Comments

  • ...and that's the essence of life. 

    I use to say that's what we're gonna take from this life; moments, experiences,  memories... they're different for every person, in my case I'd translate them into memories and experiences of trips, OK I wouldn't mind wearing a Rolex but the feeling of walking by the seashore, tasting an exotic meal or loosing yourself in landscapes far away from your place has no price. Obviously we must search happiness in our daily life with our beloved ones and try to make of our jobs something not only profitable but also joyful. 

    Well perhaps driving an Audi could help a little too :D

    • How thoughtful, you store happiness into memories and experiences, not in material things.
      I wish you all the best in life, be happy, be content, keep in shape and live life to the fullest. Sometimes it’s like roller coaster which really gets adrenaline going.  And the other time it feels slower than a turtle, boring. Just enjoy the ride, it’s better than complaining. Complaint is the perfect recipe to take away our happiness :) 

      PS : Invite me to test the Audi.

  • Saya suka kebahagiaan, Peony! We all like to be happy. Thanks for sharing.

  • @Onee-Chan  Writing above carries a deep message about modesty. It indicates that being filthy rich has no correlation with happiness, no red string. Wealth is not a goal but people misconception has made it as a goal. They twist things around. What's really matter is quality of life mentally and spirituality that makes we do our things with heart and inspiring. We live up our dream differently:)

    Ms Onee, it's my honor having your comment here. Thanks for your kind attention and time strolling around my blog. Looking forward to seeing you again. Have a fantabulous weekend!

  • Great post, Peony! 

    People are commonly never satisfied. And of course, if one wants to be a millionaire, frugality is best way, and as long as they are not stingy. :)

  • :D You are welcome!

    Thank you too.

    You are right. Rolex is the last thing in my list of things to buy :D

  • @Roman got it now. We've seen "Rolex" differently. For me,  "Rolex" as an embodiment of all expensive things in this world. I don't take "Rolex" literally as object. So, happiness truly comes from within, period. It was really nice to know a distinct point of view from you and thanks for giving effort strolling around here :)

  • Hi Peony!

    When he said "Rolex", he has chosen maybe the most unnecessary expensive thing, so it matches with that sentence.

    There are many really necessary and useful expensive things, that they also can make him feel good for a long time.

  • @Roman   ohhhh were you going to say that Rolex couldn't safe life? If yes, you are in line with the writer. He told us "This happiness makes me feel really good for a long time, much much more than what a Rolex would do for me". I am with him too ^_^

  • @Roman  Would you mind to tell me why Rolex was a bad example? You made me wandering the whole paragraph seeking for "Rolex" haha. I found one sentence about Rolex and it just looked fine. I am sorry for my inadequate understanding, but "Life-saving surgery" seems vague to me. I need your help :)

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