Tag: money

Making A Life

Tom Paterson, in his book, “Living The Life You Were Meant To Live,” made a very interesting comment. God isn’t interested in us just making a living as He is in us “making a life.”

Well said! I believe a good question we can ask is are we so consumed with making a living that we have forgotten how to make a life!

In this world of “me” focus and striving to get ahead, maybe we need to take a deep breath, step back a little and get a larger perspective on life. At the end of our lives, I don’t think it will really matter how much money you and I made or how successful we were.

I think the questions we will be concerned about are did we love our God and others well? Did we make a difference in this world? It is not that success or money are a bad things, but Jesus was so right when he said that life was so much more than the things that we possess.

At the end of our lives, I think it will be more important to know we were the kind of people that loved and served others well rather than what kind of car we drove, the house we lived in or how much money we made. Did we love with God’s love and did others see in us who Jesus really is.

The reality is that there are no guarantees about time. Time is precious. It waits for no one and it’s the one thing we can never get back. If we postpone what we really want to do in this life, people we want to touch or influence, or even a trip we want to take that time may never come.

People wait for retirement to pursue a dream. Retirement comes and health fails and the dream never happens.

Are you making a living or making a life? Why postpone even simple joys another day? Why not take the time for a long walk and actually smell the roses and enjoy God’s beautiful creation?

It won’t cost you a thing and will not only renew your senses but also clear your head. Why not take time to lay hold of courage and forgive or to tell someone that you love them? Maybe its time to be a voice of encouragement to someone who desperately needs a kind word or hug.

Take the time to cultivate some new friendships or get together with old friends over coffee, dinner. What about the possibility of extending an act of service or kindness to a complete stranger just because you can.

Are you making a living or making a life? What a perspective! When we begin to be people of life instead of performing in life our lives can be not only meaningful but lived with no regrets!

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Charles Ponzi’s name is and will be forever associated with the financial fraud scheme he did as his way of life. It is widely known as the Ponzi Scheme.

He committed minor financial crimes and a number but momentary times in prison. Back in 1920, he began offering investors a 50% return on their hard-earned money in 45 days and a 100% profit in 90 days.

Though seemed too good to be true, the money poured in. He used money from new investors to pay prior investors and fund his lavish life-style.

By the time his fraud was discovered in August 1920, investors had lost 20 Million dollars and five banks had failed.

He spent 3 years in prison, then deported to Italy, and died without a single cent in 1949 at the age of 66.

The Proverbs Book frequently contrasts the reputation of wise and foolish people: “The name of the righteous is used in blessings, but the name of the wicked will rot… Whoever walks in integrity walks securely, but whoever takes a crooked paths will be found out” (Proverbs 10:7,9).

The Wise King ads “A good name is more desirable than great riches; to be esteemed is better than silver or gold” (22:1).

It is not too late, the Apostle Peter knew this. Peter repeatedly denied that he knew Jesus, he went out and wept bitterly (Matthew 26:75; John 18).

Ponzi could have changed whatsoever associated in his name, but unfortunately didn’t.

Like Peter, we all fall short, but failure is not fatal. Jesus forgave the repentant Peter for his failure (John 21) and used him to preach and lead many to God.

We seek a good name, not to honor ourselves but to glorify Christ our Lord whose name is above all names. God lovingly restores those who turn back to Him.

The Power of Money (Part 2 of 2)

 

Continuation of Power Money by Adam Khoo (check out The Power of Money (Part 1 of 2):

 

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.

 

The obsession to make more and more money and have the latest and the best — ruins life.

The Power of Money (Part 1 of 2)

 

The Power of Money written by Adam Khoo (Singapore’s Youngest Millionaire by 26 years old):

 

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 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 worth well over $5m, travelled economy class and some even drove Toyota’s and Nissans, not Audis, Mercs, BMWs.

 

(TO BE CONTINUED)

THE MEANING OF COFFEE

 

A group of alumni, highly established in their
careers, got together to visit their old university
professor. Conversation soon turned into complaints
about stress in work and life.

Offering his guests coffee, the professor went to the
kitchen and returned with a large pot of coffee and an
assortment of cups – porcelain, plastic, glass,
crystal, some plain looking, some expensive, some
exquisite – telling them to help themselves to the coffee.

When all the students had a cup of coffee in hand, the
professor said: If you noticed, all the nice looking
expensive cups were taken up, leaving behind the plain
and cheap ones. While it is normal for you to want
only the best for yourselves, that is the source of
your problems and stress.

Be assured that the cup itself adds no quality to the
coffee. In most cases it is just more expensive and in
some cases even hides what we drink. What all of you
really wanted was coffee, not the cup, but you
consciously went for the best cups… And then you
began eyeing each other’s cups.

Now consider this… Life is the coffee; the jobs,
money and position in society are the cups. They are
just tools to hold and contain Life, and the type of
cup we have does not define, nor change the quality of
Life we live. Sometimes, by concentrating only on the
cup, we fail to enjoy the coffee God has provided us.”

God brews the coffee, not the cups…….. .. Enjoy
your coffee! The happiest people don’t have the best
of everything. They just make the best of everything.”
Live simply. Love generously. Care deeply. Speak
kindly. Leave the rest to God