Self Help & Misc. Instresting Stuff.

DSM

Well-Known Member
The Power of Money - 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 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. Save this message to read it from time to time. Be practical. Live with a purpose.


***


A cop stops an obvious drunk and asks "How high are you?"

The drunk replies. "That is wrong English. You should say 'Hi how are you?"


***


A woman called up hospital switchboard and asked. "I want to know if the patient Rita Mehta in Room No 1438 is getting better??"

The RMO replied, "She is doing very well. She had her first solid meal today, her blood pressure is fine and if she continues improving she might even be sent home in a couple of days!"

The woman said, "Thank God! That's wonderful news!"

RMO : "I take it you must be a family member or a close friend!"

Woman : "No...no... I am Rita Mehta. I phoned you to find out, because when I ask the nurse, no one tells me anything here !"


***


Three Toronto based Canadian surgeons were playing golf together and discussing difficult surgeries they had performed over the years.

First: I'm the best surgeon in Toronto. In my favourite case, a concert pianist lost seven fingers in an accident, I reattached them, and 8 months later he performed a private concert for the queen of England.

Second: That's nothing. A young man lost an arm and both legs in an accident. I reattached them, and 2 years later he won a gold medal in track and field events in the Olympics.

Third: You guys are amateurs. Several years ago a man was high on cocaine and marijuana and he rode a horse head-on into a train traveling at 100 miles an hour. All I had left to work with was the man's blonde hair and the horse's ass. I was able to put them together and now he's running for the post of the president of the USA.


***


Insightful Quotes :


Most people do not see their beliefs. Instead their beliefs tell them what to see. This is the simple difference between clarity and confusion.


Over thinking is the biggest source of unhappiness.



Living in the present is the only option: It is easy to spend time thinking about the future or dwelling on the past - but those that only leads to more anxiety.


Fear doesn't exist anywhere except in the mind!!


In life, it helps to have a 'Not to do list' just as you have 'To do list'. Make sure you know what NOT to do, especially in situations where you tend to repeat negative patterns and habits. Applies as much in life as in trading.
 

DSM

Well-Known Member

DSM

Well-Known Member
Oh dear God. Where do we start? Sometimes a thoughtless act on impulse, or for fun has repercussion that can be painful, cause loss or even destroy happiness, peace of mind or even life. A night out partying and a 'decision' to drive back home after having drinks, wading into the sea with 'friends' disregarding warnings or riptide, trying to catch a moving bus or train to 'save time' or taking a chance on 'gut feeling' to bet big on options on expiry day are just some examples, but there are many more. A person can casually throw away a seed of either a mango tree or a poisonous tree, the impact will be felt years later. But these days, there is a new threat, to which almost all of us are in some way vulnerable. With the prevalence of internet and social media, many people are now exposed to technology risk, especially the young and those not savvy enough to know better. Posting pics of family on Facebook? Why would you even want to do that? How secure is your data/pictures/privacy? If settings are not secure, (and even if they are) does the world need to know private details of your spouse, siblings, children, place of work and of what happens in your private life? What if this information is accessed by 'friends of friends' or people who you don't know? There is a remark someone made, which made me to think. On social media, your enemies will try to follow you and find out more of you and more diligently then your friends will.

The reason for this post is because I recently came to know from a friend whose life is shaken up as some intimate videos they had taken in privacy during their honeymoon is leaked and posted on porn sites. My friend is 'careful' but how did this happen? How did the private videos saved on their laptop end up on porn sites, and edited parts of it (not nude) end up on Facebook for the world to see and share? People don't realize that all information that is stored on their laptops or personal computers can be easily hacked in a few minutes, (and there are bots which try to hack private videos and images on computers) by those who have technical skills and resources to do so. If private data of banks, defense establishments, spy agencies, governments, multinational corporations and even cyber security experts who deploy top security tools and spend large amount of money to defend against cyber theft can be hacked, just imagine how vulnerable to hacking would your computer or mine be? My friend is distraught, and great damage has been done by criminals / evil people who do not give a damm about the consequence of their actions, even if it destroys families or life. So just a word of caution to all - Be careful of your personal interaction in the social media, and be very, very careful of your private/family images, important data etc. Unless you can sleep peacefully with the knowledge that even if your personal computer or laptop is hacked and it would not cause you pain or to lose sleep, you need to seriously think about the stuff you have stored or saved. And parents need to talk about this to their children, and especially young girls and teens as they are more vulnerable, are targeted and at risk. On social media, one can't be careful enough...... My 2C.
 
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DSM

Well-Known Member
Have not posted for some time, but I came across a good article that is a worth a read, even if controversial.


WHY ARE JEWS SO SMART? - Dr. Stephen Carr Leon



Since I spent about 3 years in Israel for the internship in a few hospitals there, it came to my mind about doing research on "Why the Jews are Intelligent." It goes without denial that Jews are ahead in all aspects of life, such as engineering, music, science & most obviously in business - nearly 70% of world trade & businesses are held by the Jews - in cosmetics, food, fashion, arms, hotels & film industries (Hollywood etc)!

During my 2nd year, I was about to go back to California. This idea came to my mind & I was wondering why God gave this gift or ability to them? Is this a coincidence? Or is it man-made? Can intelligent Jews be produced like goods from a factory? My research took abt 8 yrs to gather all the information as accurately as possible, like their food intake, culture, religion, initial preparation of pregnancy, etc & I would compare them with other races!

Let’s start with initial preparation of pregnancy. In Israel, the first thing I noticed is that a pregnant mother would always sing and play the piano and would always try to solve mathematics problems together with her husband. I was very surprised to see that pregnant women always carry math books. Sometimes I would help her to solve some problems. I would ask, "Is this for your child in the womb?" She would answer, "Yes to train the child still in the womb so that it would be a genius later on". She wold solve maths problems without let-up until the child is born!

Another thing I noticed is about their food. The pregnant women loved to eat almonds n dates with milk. For lunch, she wold take bread & fish (without the head), salad mixed with almonds & other nuts. They believe fish is good for the development of the brain & that the fish head is bad for the brain. And also it is in the culture of the Jews for pregnant mothers to take cod liver oil! When I was invited for dinner, I noticed that they always like to eat fish (flesh & fillet), but no meat. According to their belief, meat & fish together will not give any benefit to our body. Salad & nuts is a must, esp almonds!

They would always eat fruits first before the main meal. Their belief is that if you eat the main meal first (like bread or rice) then fruits, this will make us feel sleepy & difficult to understand lessons in school! In Israel, smoking is a taboo. If you are a guest, don’t smoke in their house, they would politely ask you to go out to smoke. According to scientists in Universities in Israel, nicotine would destroy cells in our brain & will affect the genes & DNA, resulting in generations of moron or defective brain. All smokers please take note! (Ironically, the biggest producer of cigarettes is… you know who...)!

The food intake for the child is always under the guidance of the parents! First, the fruits with almonds, followed by cod liver oil.In my assessment, most Jewish children know at least 3 languages, ie Hebrew, Arabic & English. Since childhood they would be trained in playing the piano & violin - it is a must!

They believe that this practice will increase the IQ of the child & will make him a genius. According to Jewish scientists, the vibrations of music would stimulate the brain. That is why there are lots of geniuses among the Jews!

Since grade 1 to 6, they would be taught business maths, science subjects would be their first preference. As a comparison, I could see the IQ of children in California is about 6 years back. Jewish children are also involved in athletics such as archery, shooting & running. They believe that archery & shooting would make the brain more focused on decision-making & precision!

In high school, students are more inclined to study science. They would create products, indulge in all sorts of projects although some looks very funny or useless). But all attention is given seriously -especially if it is on armaments, medicine or engineering. A successful project or idea would be introduced in higher study institutes, polytechnics or universities!

Bussiness faculty is given more preference in the last year of university. Students in business studies would be given a project & they can only pass if their group (about 10 in a group) can make a profit of USD1 million! Don’t be surprised - this is the reality. And that is why half of the business in the world is held by the Jews. For instance, guess who designed the latest Levis? It is being designed in an Israeli university by the Faculty of Business & Fashion!

In the USA, the commercial & trading centers for Jews are based in New York - catering only to the Jews. If any Jew has any novel & beneficial idea, their committee sanctions interest-free loans & will make sure their business prospers! Thus Jewish companies like Starbucks, Dell Computers, Coca-Cola, DKNY, Oracle, Levis, Dunkin Donut, Hollywood films & hundreds of other businesses were given encouraging sponsorships!

Jewish medical graduates in New York are encouraged to register with them & allowed to practice privately with this interest-free loans!Now I know why most hospitals in New York & California always lack specialist doctors! Smoking leads to generations of morons! During my visit to Singapore in 2005, I was surprised to see smokers are regarded as outcasts & the price of a pack of cigarettes is about USD 7. Like in Israel, it is taboo. Singapore's form of govt is similar to the Israelis. And that is the reason why most of their universities have high standards, even though Singapore is only as big as Manhattan!

Look at Indonesia, everywhere people are smoking. The price of a pack of cigarettes is very cheap only USD 0.70 cents! The result is millions of people with very little intelligence You can count the number of universities, what product they produce that they can be proud of, low technology, can't speak other than their own language! For instance, why is it so difficult for them to master the English language? All this is due to smoking, their diet, culture!

In my thesis, I do not touch on religion or race - why the Jews are so arrogant that they were being chased around since the time of the Pharaoh until Hitler. For me, it is about politics & survival. The bottom line is: Can we produce intelligent generations just like the Jews?? The answer could be yes. We need to change our daily habits of eating and parenting, maybe within 3 generations, it could be achieved! This I could observe in my grandson, for example, at the age of 9 he could write a 5-page essay on "Why I love tomato!" May all of us be in peace & succeed in producing future generations of geniuses for the betterment of humankind, no matter who you are!

***

Note: While I read the article and liked it, I just wanted to add my observation, that in India too we have cultures such as Marwadis, Gujaratis, Sindhis and Sikhs who are entrepreneurial in nature and as a percentage have higher success and wealth ratio compared to the general population.
 

DSM

Well-Known Member
Thanks, SevenD. Was always here, but did not post as before. Will only do so on some stuff that I think can be a good read.

Pannet1, Thanks for the video link. Good one. Just a general observation, however. Maybe the point is oft repeated. But it is the fundamental basis of success, and more so in the world of trading. Knowing something, or knowledge of something is vastly different from application or mastery of the subject. One may have all the theoretical knowledge necessary to cook, to drive, sing, or even tell a joke. But at a practical level, more knowledge will not make one a chef, a race car driver, a famous singer or a stand-up comic. The same joke told word for word by an amateur will all flat, while it will bring the house down if told by a professional. So too in trading. Just knowing the essence of risk and money management, understanding the market trend (or the lack of it) and knowing one's own psychology and following it up with discipline is all that is required. Sometimes less is good enough. My 2C.
 

DSM

Well-Known Member
OSHO : ADVICE TO 50-YEARS OLD & OLDER

Because none of us have many years to live, and we can't take along anything when we go, so we don't have to be too thrifty. Spend the money that should be spent, enjoy what should be enjoyed, donate what you are able to donate

DON'T WORRY about what will happen after we are gone, because when we return to dust, we will feel nothing about praises or criticisms. The time to enjoy the worldly life and your hard earned wealth will be over! DON'T WORRY too much about your children, for children will have their own destiny and should find their own way. Care for them, love them, give them gifts but also enjoy your money or what is left of it, while you can. Life should have more to it than working from the cradle to the grave!!

50-year olds, don't trade in - your health for wealth, by working yourself to an early grave anymore. Because your money may not be able to buy your health.

When to stop making money, and how much is enough?

Out of thousand hectares of good farm land, you can consume only three quarts (of rice) daily; out of a thousand mansions, you only need eight square meters of space to rest at night. So, as long as you have enough food and enough money to spend, that is good enough. You should live happily. Every family has its own problems.

Just DO NOT COMPARE with others for fame and social status and see whose children are doing better etc., but challenge others for happiness, health, enjoyment, quality of life and longevity. DON'T WORRY about things that you can't change because it doesn't help and it may spoil your health.

You have to create your own well-being and find your own place of happiness. As long as you are in good mood and good health, think about happy things, do happy things daily and have fun in doing, then you will pass your time happily every day. One day passes WITHOUT happiness, you will lose one day. One day passes WITH happiness and then you gain one day.

With good mood, exercise, sun, variety of foods, good amount of vitamin and mineral intake, hopefully you will live another 20 or 30 years of healthy life.
Above all, Learn to cherish the goodness around... love your family and friends. Spend time with them. They all make you feel young and "wanted"... without them you are surely to feel lost !! Wishing you all the best for the years to come. Osho
 

Vertigo_1985

Well-Known Member
OSHO : ADVICE TO 50-YEARS OLD & OLDER

Because none of us have many years to live, and we can't take along anything when we go, so we don't have to be too thrifty. Spend the money that should be spent, enjoy what should be enjoyed, donate what you are able to donate

DON'T WORRY about what will happen after we are gone, because when we return to dust, we will feel nothing about praises or criticisms. The time to enjoy the worldly life and your hard earned wealth will be over! DON'T WORRY too much about your children, for children will have their own destiny and should find their own way. Care for them, love them, give them gifts but also enjoy your money or what is left of it, while you can. Life should have more to it than working from the cradle to the grave!!

50-year olds, don't trade in - your health for wealth, by working yourself to an early grave anymore. Because your money may not be able to buy your health.

When to stop making money, and how much is enough?

Out of thousand hectares of good farm land, you can consume only three quarts (of rice) daily; out of a thousand mansions, you only need eight square meters of space to rest at night. So, as long as you have enough food and enough money to spend, that is good enough. You should live happily. Every family has its own problems.

Just DO NOT COMPARE with others for fame and social status and see whose children are doing better etc., but challenge others for happiness, health, enjoyment, quality of life and longevity. DON'T WORRY about things that you can't change because it doesn't help and it may spoil your health.

You have to create your own well-being and find your own place of happiness. As long as you are in good mood and good health, think about happy things, do happy things daily and have fun in doing, then you will pass your time happily every day. One day passes WITHOUT happiness, you will lose one day. One day passes WITH happiness and then you gain one day.

With good mood, exercise, sun, variety of foods, good amount of vitamin and mineral intake, hopefully you will live another 20 or 30 years of healthy life.
Above all, Learn to cherish the goodness around... love your family and friends. Spend time with them. They all make you feel young and "wanted"... without them you are surely to feel lost !! Wishing you all the best for the years to come. Osho
:):) :thumb::thumb:
 

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