I first came across Adam Khoo on his blog several years ago and I really enjoy the way he writes. He is motivational and inspirational at the same time. Adam also teaches great information about technical investing through Forex and Stocks. I really appreciate his teachings and they have definitely helped my life. Here are some key take aways from the book. The new way of making money is to do what you love, make money and continue to do what you love.
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Adam holds an honors degree in business administration from the National University of Singapore. As an undergraduate, he was ranked among the top one percent of academic achievers and became a pioneer in the Talent Development Program. Your investment of time and money in reading this book only means that you know you can and deserve to make a lot more money and achieve greater wealth in your life.
You know that you can achieve the wealth that will allow you to experience the freedom and security that you deserve. Money that will allow you to live the lifestyle of your dreams, to do what you truly love, to buy what you have always wanted, to share it with the people you care about and to make the world a better place through your generosity. Well, I have great news for you. You already have in your possession, the greatest money making asset that you will ever need.
You have the exact same raw materials available to you as what Bill Gates, Warren Buffett or Donald Trump started off with. The asset I am talking about is something that all of us have been given at birth. It is an asset that all of us have in common. This asset is your mind, also known as your intellectual asset!
And that is exactly the purpose of this book, to massively increase the power of your intellectual asset. The reason why I believe in this so much is because like many self-made millionaires, I started with nothing but a hunger for knowledge of how to create wealth.
Today, I can honestly say that the millions of dollars my partners and I have generated for our companies and our families have been spun off from nothing but the ideas in our heads.
They are worth billions of dollars and generate hundreds of millions of dollars a year and yet they hardly own much physical assets. The wealth of these companies lie in the ideas of the people working there.
The same thing goes for you! In the information age of today, one great idea can be worth a billion dollars. So, as long as you have a functioning brain, you are already born with the greatest money making asset that you will ever need.
All these billionaires started with nothing but their intellectual capital. So, whatever your passion and purpose, I am going to share with you how to start activating your greatest asset by giving you what I believe is the cutting edge, the most advanced and powerful wealth creation strategies available today.
You will learn precisely how to create, control, multiply and manage your wealth. However, in order to get the most out of this book, I encourage you to participate fully in all the exercises and activities I have laid out. As you read, circle key concepts, jot down notes and constantly return to them for reference.
I believe that in jotting down and doing, you will truly integrate the essence of what I am going to share with you. Finally, I would like to challenge you to complete this book within ten days or less. Simply spend at least an hour a day reading two chapters, digesting the material and putting it into action.
What a complete waste of money and time! But I believe you are different. So, get pro-active as you read and you will begin to see doors and windows opening for you.
Who am I to teach you about how to make money? Am I the richest guy in the region? Or even in Singapore? Of course not! But I dare say that I am someone who has created massive wealth within a very short period of time. As a result, I was featured in almost every major newspaper and TV channel in the country. You can view these press reports at www. And I created all this wealth starting with virtually nothing but the ideas in my head I did it without a single dollar in inheritance, no bank loans or any external investments.
I would say that the greatest contributing factor was my very intense desire for success and wealth. It was this passionate desire that drove me to want to learn everything I could about the strategies of the rich. I would model the mindsets and strategies of these people and begin to take and apply every new technique I learnt until I achieved the results I wanted.
Why was I thinking about how to become a millionaire while all my friends were thinking about what was the latest show on television? Yes, in a sense I was privileged to be born into a wealthy family where my dad and my uncles were living in million dollar bungalows, driving Mercedes Benzes and earning million dollar incomes.
In my family, it was not uncommon for someone to make a million dollars a year in personal income and so it installed a belief in me early on in life that it was indeed possible, especially as my dad and his brothers all started with absolutely nothing. However, the greater privilege I had was that although my dad was wealthy, he intentionally gave me nothing Even though we lived in a bungalow and my dad had four country club memberships, I got less pocket money than my schoolmates.
While many of my friends had lots of pocket money left over for snacks, marbles and card games, my dad would just give me just enough for a bowl of noodles and a drink. Sometimes I felt very deprived and thought my dad was a real scrooge. But it was precisely the way dad brought me up that became a blessing in disguise.
It laid the foundation to my true wealth education, which was to be hungry for wealth and success. He knew that hunger was the key to motivation and the only way to make me hungry was to deprive me. Buy it yourself! At that time, I was addicted to arcade games and had a love for collecting Star Wars toys. And since my dad was certainly not going to give me the money for it, I decided to make my own money. This is one of the single most important beliefs that has been the driving force behind my motivation to make money.
He had a wholesale stationery business and would get my friend and I to sell stationery door to door to other companies during the school holidays. I was only years old at the time.
Looking back, it was during those days that I learnt how to overcome shyness and the fear of rejection Besides selling stationery, I also got a part-time job as a disc jockey for mobile disco companies. During those years, I also developed a great interest in magic. You must be wondering by now how I managed to study and pass my exams while involved in so many money-making activities? I used to be a rebellious troublemaker who got expelled from school in primary three aged 9 and did so badly for my Primary School Leaving Examinations PSLE at age 12, that I was rejected from all the six secondary schools that I selected.
I was eventually posted to a neighborhood school where I ended up failing most of my subjects and being ranked among the bottom of the cohort. I learnt about the power of human potential and how anyone, with the right strategies can achieve any goal they set for themselves. I learnt that by modeling the mindset and strategies of anyone of excellence, I could produce the same outstanding results within a short period of time.
Since one of my new goals was to become a top student, I decided to model learningto-learn expert Tony Buzan, from whom I learnt powerful accelerated learning techniques like Mind Mapping, Speed Reading, Memory Enhancement and Whole Brain Integration learning.
I was also highly inspired by Anthony Robbins, a janitor turned multi-millionaire. Empowered by the prospects of limitless self-growth, I applied everything I learnt. My grades improved tremendously. I knew that if I wanted to achieve my dream of becoming a millionaire by the age of 26 one of my goals , I had to learn the strategies of wealth creation.
I learnt that if a person used his muscles, he would only be worth a few dollars a day. But if he were to use his mind, his wealth would be limitless.
Because we were all well below age, we could only get into discos that organized afternoon tea dances on weekdays. No one could get into a disco on a weekend evening.
My Very First Business For the venue, one of these friends managed to get the use of a function room at the condominium he was living in. So we had free rental. I used my IBM compatible computer with a Wordstar program to print out tickets which we went round selling to classmates as well as students from neighboring schools.
The response was phenomenal. Not only that, I think my friends and I had more fun running a disco than if we had been merely attending it.
That encouraged us to keep running these disco parties once every two weeks. Within a few months, we were rolling in cash. My friends were not part of this investmentin-equipment aspect of the business but they helped in marketing and providing the service and were happy with the rewards from that.
So, not only did we run discos from then on, but I started to rent out my services to families who were throwing parties and needed a disco party. I spent all my weekends and my holidays running my business while still studying at Ping Yi Secondary School. My Second Business Idea This helped grow my reputation and clientele. So I started to hire myself out as a freelance motivational trainer who specialized in training students how to succeed in school. I went round to schools in Singapore selling my program.
It blew me away that I was probably making more money than my own teachers in school. What really got me tons of business was when I decided to compile all my knowledge into a book.
When it was launched in June of , it topped the best-sellers list in the local bookstores, adding another huge at the time income stream to me. However, what truly enabled me to accumulate so much money was not so much the income I created, but the lessons I learnt about saving and investing from the stacks of wealth books that I read. I develop the habit of saving far more than what I was earning, even when I was still studying. Instead of spending my money indulging in fun and frivolous things, I invested almost everything I had into unit trusts and stocks through the investment strategies I had learnt from reading books by wealth gurus like Warren Buffett, Peter Lynch and George Soros.
I more than tripled my money in the stock market through investing in both US and Asian stocks. The boom lasted a few years then, just before the dotcom bubble burst in early , I sold everything. I knew when to sell not from a lucky tip-off, but through studying and understanding the market.
Secrets Of Self Made Millionaires
Adam holds an honors degree in business administration from the National University of Singapore. As an undergraduate, he was ranked among the top one percent of academic achievers and became a pioneer in the Talent Development Program. Your investment of time and money in reading this book only means that you know you can and deserve to make a lot more money and achieve greater wealth in your life. You know that you can achieve the wealth that will allow you to experience the freedom and security that you deserve. Money that will allow you to live the lifestyle of your dreams, to do what you truly love, to buy what you have always wanted, to share it with the people you care about and to make the world a better place through your generosity. Well, I have great news for you.
The Secrets of Self Made Millionaires Interview with Adam Khoo
No part of this publication may be reproduced, stored in a retrieval system, or transmitted, in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of Adam Khoo Learning Technologies Group Pte Ltd. It is not a recommendation to purchase or sell any of the securities, businesses or investments discussed herein. ISBN X The author and publisher are not stockbrokers, broker dealers, or registered investment advisors. We do not recommend any particular stocks, investments or securities of any kind. Cover by Jason Chua If particular stocks and investments are mentioned, they are mentioned only for illustrative Edited by Betty L.
Secrets of Self-Made Millionaires by Adam Khoo Book Review