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Post by oldman on Oct 13, 2014 9:46:26 GMT 7
Recently, I sat beside a well known businessman and he was telling me that I was not maximising my skills and I should instead go back to building businesses and making much more money. This guy must be 20 years my senior and yet, he was still very hungry to make more money even though it is clear that he is already very wealthy.
I knew that nothing I say will make any difference to him and so, I continued listening to him. He was all excited about the business potential in China and the US and all I can do is to listen and absorb his enthusiasm. But, at the same time, I feel sorry for him that he does not realise that money does not make a life.
Money is very important when you start off in life. You need money to be comfortable in life. However, when you have enough money, you should thank your lucky stars as much of business is about luck. Also, after a while, any more money really does not make much of a difference. In fact, more money then can actually create more work, more stress and more unhappiness. Life is being contented with what you have and yearning for more may be asking for trouble.
When you have enough money, you can either take one of 2 routes. The first is to continue what have made you successful as this frankly, is the easiest option to take. This is your forte and this is what makes you feel good. If you are good at making money, you will surely want to continue doing this as this will give you the feeling of accomplishment and achievement.
The second option is to recognise that you have only one life and you do not know when this will be taken from you. When you are aware of this, you will be more aware of the fragility of life and want to do the things that you have always wanted to do in life. For me, I have always wanted to spend more time with my family and to be able to play with all the technology toys this world is creating. This is why I decided to retire early and do the things that I really want to do.
It so happens that I also enjoy investing and this is why I still spend a lot of time looking through company announcements, financial statements and annual reports. But, nothing to me is more important than my family and I will not hesitate to drop everything if anyone in my family needs my attention.
Life is truly about the family and everything else, including my investments, pales in comparison.
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Post by kenjifm on Oct 13, 2014 10:59:20 GMT 7
Totally Agree.
Luck is honestly the key to most success which is hid behind the words timing and yield.
One do not recognise our life span is limited by 80 years old or so and choose to ignore that thinking.
One must choose their destined path by 40 years old from their achievement or savings.
To preserve wealth and to have a proper life.
Anyone below the age of 40 should not make excuses about not working hard and savings hard to create their wealth and income generating asset.
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Post by pain on Oct 13, 2014 14:52:53 GMT 7
I found this posting in my hard file.... Apples.pdf (465.23 KB) Enjoy. Recently, I sat beside a well known businessman and he was telling me that I was not maximising my skills and I should instead go back to building businesses and making much more money. This guy must be 20 years my senior and yet, he was still very hungry to make more money even though it is clear that he is already very wealthy. I knew that nothing I say will make any difference to him and so, I continued listening to him. He was all excited about the business potential in China and the US and all I can do is to listen and absorb his enthusiasm. But, at the same time, I feel sorry for him that he does not realise that money does not make a life. Money is very important when you start off in life. You need money to be comfortable in life. However, when you have enough money, you should thank your lucky stars as much of business is about luck. Also, after a while, any more money really does not make much of a difference. In fact, more money then can actually create more work, more stress and more unhappiness. Life is being contented with what you have and yearning for more may be asking for trouble. When you have enough money, you can either take one of 2 routes. The first is to continue what have made you successful as this frankly, is the easiest option to take. This is your forte and this is what makes you feel good. If you are good at making money, you will surely want to continue doing this as this will give you the feeling of accomplishment and achievement. The second option is to recognise that you have only one life and you do not know when this will be taken from you. When you are aware of this, you will be more aware of the fragility of life and want to do the things that you have always wanted to do in life. For me, I have always wanted to spend more time with my family and to be able to play with all the technology toys this world is creating. This is why I decided to retire early and do the things that I really want to do. It so happens that I also enjoy investing and this is why I still spend a lot of time looking through company announcements, financial statements and annual reports. But, nothing to me is more important than my family and I will not hesitate to drop everything if anyone in my family needs my attention. Life is truly about the family and everything else, including my investments, pales in comparison. |
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Post by oldman on Oct 13, 2014 15:51:01 GMT 7
Wow, that was a lovely blast from the past. Yes, I still remember reading that.... and I am shocked that it was 14 years ago! Thanks very much for the memories. I too have fond memories of Fun$, Kind Doctor and Upjones. Truth be told that I later met McCool, Warren as well as Mossie in real life. I certainly wonder what has happened to Fun$, Kind Doc and Upjones. I do hope that they are keeping well as they too taught me a lot about investing. Thank you once again for the great memories. After all, life is memories. I found this posting in my hard file.... Enjoy. Recently, I sat beside a well known businessman and he was telling me that I was not maximising my skills and I should instead go back to building businesses and making much more money. This guy must be 20 years my senior and yet, he was still very hungry to make more money even though it is clear that he is already very wealthy. I knew that nothing I say will make any difference to him and so, I continued listening to him. He was all excited about the business potential in China and the US and all I can do is to listen and absorb his enthusiasm. But, at the same time, I feel sorry for him that he does not realise that money does not make a life. Money is very important when you start off in life. You need money to be comfortable in life. However, when you have enough money, you should thank your lucky stars as much of business is about luck. Also, after a while, any more money really does not make much of a difference. In fact, more money then can actually create more work, more stress and more unhappiness. Life is being contented with what you have and yearning for more may be asking for trouble. When you have enough money, you can either take one of 2 routes. The first is to continue what have made you successful as this frankly, is the easiest option to take. This is your forte and this is what makes you feel good. If you are good at making money, you will surely want to continue doing this as this will give you the feeling of accomplishment and achievement. The second option is to recognise that you have only one life and you do not know when this will be taken from you. When you are aware of this, you will be more aware of the fragility of life and want to do the things that you have always wanted to do in life. For me, I have always wanted to spend more time with my family and to be able to play with all the technology toys this world is creating. This is why I decided to retire early and do the things that I really want to do. It so happens that I also enjoy investing and this is why I still spend a lot of time looking through company announcements, financial statements and annual reports. But, nothing to me is more important than my family and I will not hesitate to drop everything if anyone in my family needs my attention. Life is truly about the family and everything else, including my investments, pales in comparison. |
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Post by kenjifm on Oct 13, 2014 17:21:45 GMT 7
The little red apple pdf book that beats the market.
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Post by chlio on Oct 13, 2014 17:44:24 GMT 7
hi everyone, the so-called value of the apples (representing Blumont, Asiasons, Liongold) evaporated into thin air which begs the lingering question i.e. who made profits and got away?  |
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Post by oldman on Oct 13, 2014 18:53:56 GMT 7
Chlio, I agree with you. I too think that someone must have benefited. Guess, we may never know as we cannot "follow the money".  hi everyone, the so-called value of the apples (representing Blumont, Asiasons, Liongold) evaporated into thin air which begs the lingering question i.e. who made profits and got away? |
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Post by zuolun on Nov 25, 2014 17:03:55 GMT 7
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Post by oldman on Nov 28, 2014 8:55:34 GMT 7
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