POWER of MONEY

Here is an article 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 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.

Diamond

Technology Reads

Read From blog : http://memeagora.blogspot.nl/



Writing good multi-threading code is hard. Very hard. So why bother? Why not use a language that handles multiple threads more gracefully? Like a functional language? Functional languages eliminate side effects on variables, making it easier to write thread-safe code. Haskell is such a language, and implementations exist for both Java (Jaskell) and .NET (Haskell.net). Need a nice web-based user interface? Why not use Ruby on Rails via JRuby (which now support RoR).


It's all about choosing the right tool for the job and leveraging it correctly. Increasingly,we're going to start adding domain specific languages. The times of writing an application in a single general purpose language is over.

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One of the difficulties in distributed agile development is keeping the communication link strong between the geographically (and time zone) separated teams.
we attempted to type in really comprehensive summaries of each day's development work. However, we eventually realized that we were duplicating effort: we already put detailed comments for our check-ins to Subversion. So, we had one of our temporary resources cook up the following little developer shim.


He created a tool called SVN2WIKI. It uses the SVN post-commit hook to harvest the comment of the code just checked in. It then posts those comments to the Wiki, creating a dated page if one doesn't exist or adding to the page already there if it does. The Wiki were using (Instiki) offers an RSS feed for all changed pages. So, we installed an RSS Reader (RssBandit) on the developer workstations. Now, when a developer sits down, he or she can get an up-to-the-minute summary of all the stuff that has happened to the code base since the last time he or she looked. Because it's an RSS reader, it keeps track of what you've already read. This is a great way to keep up to date at a really detailed level for what is happening to the code base.
his hasn't eliminated the need to create daily summary pages, but these can be much more terse, and focus on outstanding questions across the ocean. The Wiki contains a living history of the project, told one check-in at a time. For those who say that agile projects don't keep documentation, the Wiki on our project is a living, breathing history of the project at a really detailed level.


Our SVN2WIKI tool is a good example of piecing together a bunch of old and common technologies (SVN, Instiki, RSS) to create a great time saver for developers while improving the toughest part of our project.

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OLE was born (Object Linking and Embedding). This allowed 2 things: embed an application inside another one, so that the user could interact with the spreadsheet embedded in a Word document. This, by the way, is why Office document formats are so obtuse. Each of the Office documents must act as a container for any other OLE object that might be embedded. The other feature of OLE was the ability for one application to drive another through background commands. This aspect of OLE was split off and became COM (and, its distributed cousin, DCOM).


That wasn't sufficient for a variety of reasons, so we got COM+. Then .NET Remoting. Which leads us back around to Monad (or whatever Microsoft is calling it now that it's official - Windows Power Shell). Monad is a way for...wait for it...a command line script (or batch file) to make two application interact with one another, through COM+ interfaces. The idea is that you can pump some rows from an Excel spreadsheet into Outlook as email addresses and tell Outlook to send some files to the recipients.

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I tried a new trick this year at ThoughtWorks Away Day: pair teaching. He and I used 2 computers, 2 projectors, and one topic (Ruby for ThoughtWorkers Who Dont Know Ruby But Want to Know Why It Rocks: Learning Ruby Through Unit Testing). In the end, the sum was greater than the parts. It was a frantic 1 hour presentation, with something happening constantly. After the smoke cleared, another ThoughtWorker said that he really enjoyed it because his mind only wandered for about 4 minutes total during the entire time, and suggested that if we hire a clown to walk through the audience, juggling, and repeating our key points, that we would have held 100% of his attention. High praise, indeed.

Health

Excercises for Cardio