Was checking my mail box in the office this morning when I came across an interesting newsletter sent by Adam Khoo, 26 yrs old the self-made millionaire.
Have you ever wondered, how do most of the millionaires in the world live their life? I’m sure many of us will start to think of them living in super duper big waterfront bungalow houses, being drove around in Limousines, flying in Private Jet-plane, sailing and enjoying life in their private yacht and having a lavish lifestyle by owning all Luxury goods and items – LV, Gucci, Hermes … bla bla bla… (The list goes on for wad ever luxury brands you can think of.)
Does this sound more like a Mafia lifestyle?
Anyway, this article is trying to prove that successful millionaires don’t live this way. Many of us have the wrong idea about what being a millionaire is all about.
In this article, it will be changing our perceptions towards the exceptionally wealthy individuals and the genuine life style that some of the sustainable millionaires live.
What does sustainable mean? It means a person whose millions of dollars will last a lifetime and not just a couple of years. Officially, Bill Gates is ranked as the richest man in the world with a net worth of $46 billion.
Bill gates car:
Bill gates Apartment’s living room:
P.S: An aquarium living room… it’s soooooo….. my godd… i’m speechless… :X
Unofficially, figures put IKEA founder Ingvar Kamprad as the worlds richest with a net worth of $53 billion. One of the reasons he managed to accumulate so much money is because of his frugal nature. Up to today, it is said that Kamprad flies economy, drives an old Volvo and even waits until the afternoon to buy his fruits and vegetables, when the prices drop
significantly. Sam Walton (1918-1992), founder of Wal-Mart would be the richest man in the world if he is still alive. He has an estimated net worth of $90 billion.
If you take a look at Forbes list of the ten richest people in the world, five of them are the Waltons who inherited their money from Sam. How did this once poor farm boy accumulate so much wealth? Again, he was well known for sharing rooms during business trips to save money, flying only economy and wearing clothes from his own discount store.
Another fascinating example is Warren Buffett, officially ranked the second richest man in the world today with a net worth of $42 billion. Even with all this money, it’s said that Warren will not buy a brand new car as he thinks it’s just not worth the money.
Back in the ’60s, Warren remarked that if he spent $20,000 on a new car, it would be worth little or nothing in ten years, He also knew that he could achieve a 25% annual compounded return on his $20,000 if he were to invest it.
Going by this return, investing $20,000 would bring him $158,518 in ten years, $1.26 million in twenty years and $9.96 million in thirty years…he figured that $9.96 million was just too much to waste on a car! Highlights of this article When many people learn of this frugal trait of millionaires they often think to themselves, ‘Why make all this money if you cannot enjoy it?’
HIGHLIGHTS OF THE DAY:
Well, here’s the answer, most millionaires get their joy and fun not from spending money but from doing what they love to do! To them, money is just a means of measuring their success.
This is why, even with all the money in the world, they still work hard to build their businesses and empire. This is because they are driven by passion for what they do and a sense of mission.
If spending money brings you enjoyment, you will never be rich. However if making money brings you enjoyment, then your wealth is guaranteed.
2 Comments
June 20, 2009 at 2:39 pm
we need your help today if you are will to help plz reply
June 21, 2009 at 1:39 pm
Alright, i’ll have to see if it’s within my limit
If i can, i will help for sure…
U can tell me here if u wan.