I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

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Thursday 23 December 2010

The Last $100K to Millionaire Club

Christmas Eve tomorrow. Let me tell you a story of Santa Claus ...

Some ideas from "Ten Tenets of Millionaire Paradigm."

The Parable: Millionaire Club

There was once an odd-job labourer who lived happily with his family. He did not earn much but had enough to get by. Life was happy.

While walking along the streets during Christmas day, he received a present from Santa Claus. He received a cheque of $900,000. His heart leapt with joy, and he gave a victorious punch in the air. He struck rich finally!

He can now fulfill his dreams and live a good life. The problem was that he was short of $100,000 to become a millionaire.

With the new goal, he was more resolved than ever. The odd-job labourer took up two jobs a day to reach his target. As he worked hard and long hours, he neglected his loved ones in the process. Instead of becoming a richer and happier man, he was now a dejected man. everyone sees him as money hungry person whose life centred on that earning last $100,000.

The moral of parable

If chasing the last $100,000 to become a millionaire requires so much sacrifice, don't you think it is better not to be one?

Money did not make this odd-job labourer happier or even happy. Sometime, it will require great wisdom to realize enough is enough. There is little point in chasing the last $100,000 with so much sacrifice. We should work towards achieving our dreams, but never at the expenses of our happiness and relationships with our loved ones. Money means something to someone, but it is not everything to everybody.

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