Some of you may already read an article which is popularly shared through CAMPRO group written by Adam Khoo, the Singapore's youngest millionair at 26 years old. The article is inspiring. I like to read most of the discussions posted by CAMPRO group and found those debates and discussions are useful.
However, I do not totally agree with some statement raised by Adam Khoo. According to the article, Adam Khoo is very self-fish millionaire and thinking only about himself and how to be richer and richer. People have different definition of happiness, while Mr. Khoo 's happiness is saving more and more money. One of his sentence about saving that he saved 80% of his income before and now only 60% of his income, though it is pretty much high compared to others at his level, he gave the reason that the reduction in saving is due to family things (wife, mother in law and so on). I do not think he is right about this or this is the mind set of a self-fish person like him. This statement could also be indicated that Adam Khoo has a house but now a home.
I agree with him that those who earn money easily (i.e. from corruption) spend it more quickly. But for those who earn money very difficult they would be thinking twice before making each spending. But it is not necessarily the case. As people has different definition in happiness, other rich people would find it more happiness when they spend money a lot on assisting poor people to run business (for example, some people eat at local restaurant and pay extra fees for their creativity in decorating the shop, buying local hand-made products made by the poors or vulnerable person such as HIV/AIDS infected women or orphan children). These spendings are meaningful. The rich pay their money to create happiness of those who are in need.
Happiness does not sustain as much as life. One of his sentence saying that he has happiness when seeing his children laughing, playing and learning, and with CAMPRO in posting their articles. But, he should remember that one day if his children fall ill, they cannot laugh, play or learn and the same for CAMBRP group. If that day happens, does it mean it is the end of his happiness?
Nevetheless, the point I want to raise in this note is that the rich or millionairs should think about development project which could help the poor getting out of poverty rather than trying to save and save and count your money saving every day, week or month. If you have money and you did not make any investment, it does not mean that you are rich or wisely save the money. However, it very meaningless that you are trying to save money and never experience the power of money.
I agree with Pu Ung Bun Ang that the title of the article of Mr. Khoo about 'Power of Money' does not reflect the explanation he wrote. He has never experienced on what power the money have. What we could learn from him is saving money and how we could make ourselves happy. When I read the article first time, i expect that Mr. Khoo will share his experience about how the money influence his life and how he find a way of 'not being money-influenced' person to a person spend money wisely.
I also want to argue with Bong Chan Sophal for criticizing parents who create saving account for their children. Create a saving account for their children is the attitude of family planning, from my point of view. We need to have long-term vision for our children. However, he is truely correct that some parents does not make meaningful investment for their children by using the children's saving account but spoil the children. However, for myself, I also have saving account for my son. But the money that I save for him will be used for his higher education when he reaches at 18 years old which is the time that he will continue to university which either be in Cambodia or abroad. At the moment, I am thinking of sending him to famous university abroad. Hence, I will need a huge amount of money; if i do not save it now, I will not be able to afford for good education in his future.
related to this point I also not agree with Mr. Khoo that his father did not even give him a cent; he forgot to mention about his parents sending him to school.
However, I do not totally agree with some statement raised by Adam Khoo. According to the article, Adam Khoo is very self-fish millionaire and thinking only about himself and how to be richer and richer. People have different definition of happiness, while Mr. Khoo 's happiness is saving more and more money. One of his sentence about saving that he saved 80% of his income before and now only 60% of his income, though it is pretty much high compared to others at his level, he gave the reason that the reduction in saving is due to family things (wife, mother in law and so on). I do not think he is right about this or this is the mind set of a self-fish person like him. This statement could also be indicated that Adam Khoo has a house but now a home.
I agree with him that those who earn money easily (i.e. from corruption) spend it more quickly. But for those who earn money very difficult they would be thinking twice before making each spending. But it is not necessarily the case. As people has different definition in happiness, other rich people would find it more happiness when they spend money a lot on assisting poor people to run business (for example, some people eat at local restaurant and pay extra fees for their creativity in decorating the shop, buying local hand-made products made by the poors or vulnerable person such as HIV/AIDS infected women or orphan children). These spendings are meaningful. The rich pay their money to create happiness of those who are in need.
Happiness does not sustain as much as life. One of his sentence saying that he has happiness when seeing his children laughing, playing and learning, and with CAMPRO in posting their articles. But, he should remember that one day if his children fall ill, they cannot laugh, play or learn and the same for CAMBRP group. If that day happens, does it mean it is the end of his happiness?
Nevetheless, the point I want to raise in this note is that the rich or millionairs should think about development project which could help the poor getting out of poverty rather than trying to save and save and count your money saving every day, week or month. If you have money and you did not make any investment, it does not mean that you are rich or wisely save the money. However, it very meaningless that you are trying to save money and never experience the power of money.
I agree with Pu Ung Bun Ang that the title of the article of Mr. Khoo about 'Power of Money' does not reflect the explanation he wrote. He has never experienced on what power the money have. What we could learn from him is saving money and how we could make ourselves happy. When I read the article first time, i expect that Mr. Khoo will share his experience about how the money influence his life and how he find a way of 'not being money-influenced' person to a person spend money wisely.
I also want to argue with Bong Chan Sophal for criticizing parents who create saving account for their children. Create a saving account for their children is the attitude of family planning, from my point of view. We need to have long-term vision for our children. However, he is truely correct that some parents does not make meaningful investment for their children by using the children's saving account but spoil the children. However, for myself, I also have saving account for my son. But the money that I save for him will be used for his higher education when he reaches at 18 years old which is the time that he will continue to university which either be in Cambodia or abroad. At the moment, I am thinking of sending him to famous university abroad. Hence, I will need a huge amount of money; if i do not save it now, I will not be able to afford for good education in his future.
related to this point I also not agree with Mr. Khoo that his father did not even give him a cent; he forgot to mention about his parents sending him to school.
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