Wednesday, September 06, 2006

The Truth About Money

Here is an email from my Wealth and Life Mentor, Adam Khoo:

Hi Alief,

The truth is that many of these beliefs and attitudes that some
people hold have about money are nothing but inaccurate
generalizations and excuses that keep them from living a truly a
happy and wealthy life. In order to truly align your mind to wealth
creation, you must debunk these negative myths and really look at
the facts...

Myth: Having a lot of money will change you (into a bad person).
Fact: Money is a personality magnifier. It brings out the true
person within you. If you are a selfish and nasty person by nature,
having money will make you even more nasty and selfish. However, if
you are a kind, generous and loving person deep down inside, money
will magnify your goodness.

Myth: Money isn't everything.
Fact: This is the top excuse given by poor people who are in
denial. The truth is that everything is money. Without money, you
cannot maximize other important values such as family, career,
health, spirituality and relationships.


Myth: Money will make you less spiritual
Fact: If you are by nature a spiritual person, having money will
allow you to touch more lives and help you do more of god's work.
In fact, the wealthiest people in the world are extremely
spiritual. Not having to worry about money anymore allows many of
the rich to focus on the more important things in life. Many truly
wealthy people believe they don't own their money. They are just
custodians of God's wealth.

Myth: Rich people are materialistic. They worship money.
Fact: It is the people who lack money who worship it. Who works all
day, year after year in a job which they hate, just for the money?
Who are those who constantly sacrifice their health and family to
make more money?
In fact, the rich rarely work because of money. They work because
of passion and a sense of personal mission. Bill Gates, Warren
Buffett, George Lucas, Michael Jordan & Steve Jobs certainly don't
work for money...they don't need to.

Myth: To have more money, I will be depriving others of it.
Fact: When you become rich, you actually create more wealth for
other people. Wealth multiplies into more wealth. Bill Gates is the
richest man in the world because he has created the most value in
people's lives through the creation of Microsoft and Windows.
Because of his invention, so many more millionaires have been
created as a result. Think about it, if Microsoft Windows, Word and
Excel did not exist, would you have been able to create as much
wealth as you have today?

Myth: Money is the 'root of all evil'.
Fact: The lack of money is the root of all evil. The number one
cause of murder, cheating, stealing, lying is poverty (the lack of
money)

To Your Success,
Adam

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