Comments on: A Message to Those Who Are Still Lucky Enough to Receive Ang Pows http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/ Adam Khoo On Success, Business And Life Sat, 04 Feb 2012 02:32:03 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Christopher http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-11504 Christopher Thu, 19 Jul 2007 09:52:09 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-11504 Hi vc just multiply the sum of money with 1,25% each year, and add an additional $1800 per year. It will reach about $966.782 after 21 year. but since there will be around 10% inflation each year, and it will reach about 7,4 times inflation after 21 years. so the amount 1 million in 21 years in the future is the same as 1000.000/7,4 this year which is $135.135 with total investment of 1800 * 21 = $37.800. the amount multiplied to about 3,6 times. I wonder if that is much of a leap. I hope I don't miscalculate Hi vc
just multiply the sum of money with 1,25% each year, and add an additional $1800 per year. It will reach about $966.782 after 21 year.

but since there will be around 10% inflation each year, and it will reach about 7,4 times inflation after 21 years.
so the amount 1 million in 21 years in the future is the same as 1000.000/7,4 this year which is $135.135
with total investment of 1800 * 21 = $37.800. the amount multiplied to about 3,6 times.
I wonder if that is much of a leap. I hope I don’t miscalculate

]]> By: vc http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2841 vc Mon, 26 Feb 2007 08:37:22 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2841 Hi Adam, it sounds like a great plan to me. I've just started working for a couple of months and I have always been interested in investments. However, often times i find the math of investment mind-boggling, even the simplest ones. Can you show me how did you arrive at the total of $1mil after 21 years? Plus, is there any other resources such as websites which contains such calculations for financial planning, financial statement analysis etc? Hi Adam, it sounds like a great plan to me.

I’ve just started working for a couple of months and I have always been interested in investments. However, often times i find the math of investment mind-boggling, even the simplest ones. Can you show me how did you arrive at the total of $1mil after 21 years?

Plus, is there any other resources such as websites which contains such calculations for financial planning, financial statement analysis etc?

]]> By: Adam http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2652 Adam Wed, 21 Feb 2007 17:27:56 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2652 In fact, using the money for intellctual development (e.g. buying a book on investing, attending a seminar, learning a new language, taking an MBA, learning a musical instrument) is one of the best investments you can ever make. When you invest in your most important asset (your mind), your returns will not be 10%-20% (like in Stocks/ property), but it will be 1000% returns! In fact, using the money for intellctual development (e.g. buying a book on investing, attending a seminar, learning a new language, taking an MBA, learning a musical instrument) is one of the best investments you can ever make. When you invest in your most important asset (your mind), your returns will not be 10%-20% (like in Stocks/ property), but it will be 1000% returns!

]]> By: theresa http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2638 theresa Wed, 21 Feb 2007 07:36:01 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2638 good! nothing beats the satidfaction of deserving a better life because you worked it out. your children are blessed to have a parent like you. keep on bloggin good principles! good! nothing beats the satidfaction of deserving a better life because you worked it out. your children are blessed to have a parent like you. keep on bloggin good principles!

]]> By: Felicia http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2611 Felicia Tue, 20 Feb 2007 18:53:18 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2611 I agree, Adam! Like a kid, I love cny bcos that's the ONLY time I get money for nothing! Not really nothing though if you count travelling here & there fr the west to north or east or south! Exhausting! That's why I always saved up my "hard-earned" angbaos money since I was a kid, asking my mum to save them in the bank, even though at that time I had no idea what a FD was! Ur kids are so fortunate to have such a doting daddy like U! Having a walk around ur house this afternoon really gave me the special warm feeling of your house being really a hOme for ur 2 little adorable kids! (Kelly looks so much like you!!!) Ur home is like a huge playground if you ask me! Cosy & spacious! ^o* tks for inviting us coaches! And It's true! Kids/humans don't appreciate things that come free or easy to them, so they need to earn their keep too! To be tough enough to meet those challenges, isn't it? HappY New Year! I agree, Adam!

Like a kid, I love cny bcos that’s the ONLY time I get money for nothing!
Not really nothing though if you count travelling here & there fr the west to north or east or south! Exhausting! That’s why I always saved up my “hard-earned” angbaos money since I was a kid, asking my mum to save them in the bank, even though at that time I had no idea what a FD was!

Ur kids are so fortunate to have such a doting daddy like U!
Having a walk around ur house this afternoon really gave me the special warm feeling of your house being really a hOme for ur 2 little adorable kids! (Kelly looks so much like you!!!) Ur home is like a huge playground if you ask me! Cosy & spacious! ^o* tks for inviting us coaches!

And It’s true! Kids/humans don’t appreciate things that come free or easy to them, so they need to earn their keep too! To be tough enough to meet those challenges, isn’t it?

HappY New Year!

]]> By: Thomas http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2600 Thomas Tue, 20 Feb 2007 13:26:12 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2600 Hi Adam, Great insights! However I do have one consideration. Is it really worth saving ALL the money for future use? What about investing it in a form of education, such as learning to play a musical instrument or something for intellectual development. How do you draw the line? Hi Adam,

Great insights! However I do have one consideration. Is it really worth saving ALL the money for future use? What about investing it in a form of education, such as learning to play a musical instrument or something for intellectual development. How do you draw the line?

]]> By: Kang http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2587 Kang Tue, 20 Feb 2007 08:51:23 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2587 Hey Adam, Great advice here ;) My parents made me save up my past 20 odd years of angpow money too, and I used to think they were keeping it for themselves, lol. I think it's important for parents to stand their grounds and believe in what they know is right.. Because "popular" decisions are not always the most sound. But still.. Being millionaires at 21 having not done anything to earn it.. Yeah, you BETTER keep it from them ;) Hey Adam,
Great advice here ;)

My parents made me save up my past 20 odd years of angpow money too, and I used to think they were keeping it for themselves, lol.

I think it’s important for parents to stand their grounds and believe in what they know is right.. Because “popular” decisions are not always the most sound.

But still.. Being millionaires at 21 having not done anything to earn it.. Yeah, you BETTER keep it from them ;)

]]> By: Calvin http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2544 Calvin Mon, 19 Feb 2007 16:19:58 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2544 Hi Adam, Yup I do cherish my ang pow money.. As I do not come from a well to do family and I still have to support myself through university currently, the ang pow money that I received will definitely be put into good use. Your Secrets of Self Made Millionaires has certainly opened my mind to proper money management and how the rich manage their cash flow. Hence, I intend to use the money to invest in my online business. Your children are really lucky to have such a wonderful father! I will definitely do the same for my children in the future! Thanks adam, Calvin Hi Adam,

Yup I do cherish my ang pow money.. As I do not come from a well to do family and I still have to support myself through university currently, the ang pow money that I received will definitely be put into good use.

Your Secrets of Self Made Millionaires has certainly opened my mind to proper money management and how the rich manage their cash flow. Hence, I intend to use the money to invest in my online business.

Your children are really lucky to have such a wonderful father! I will definitely do the same for my children in the future!

Thanks adam,

Calvin

]]> By: Samuel Sim http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2524 Samuel Sim Mon, 19 Feb 2007 11:53:01 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2524 Michelle, There's no limits to whether you are young or old. No matter what age group are you you always have the right and chance to voice out your opinions and suggestions. Nothing wrong with that.... If you say you're not qualified to speak just because you're young, does that mean people are only allowed to be millionaires after a certain age limit? No, it's not like that... Just say what you feel like saying and stand out against the others... Be strong! Prove to the rest you can do it! Yaaahhhh!! That's what I call POWER! I love it... Tell you something about a boy called Tony Hawks... He became a millionaire at the age of 17, playing skateboards!!! Man, he was not even old enough to buy a house under his own name. Google him and see that anyone can succeed in life, young or old.... Cheers and have a great time! Happy New Year! SaM Michelle,

There’s no limits to whether you are young or old. No matter what
age group are you you always have the right and chance to voice
out your opinions and suggestions.

Nothing wrong with that…. If you say you’re not qualified to speak
just because you’re young, does that mean people are only allowed
to be millionaires after a certain age limit?

No, it’s not like that… Just say what you feel like saying and stand out
against the others… Be strong! Prove to the rest you can do it!

Yaaahhhh!! That’s what I call POWER! I love it…

Tell you something about a boy called Tony Hawks… He became a
millionaire at the age of 17, playing skateboards!!! Man, he was
not even old enough to buy a house under his own name. Google
him and see that anyone can succeed in life, young or old….

Cheers and have a great time!

Happy New Year!
SaM

]]> By: Michelle http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/comment-page-1/#comment-2487 Michelle Mon, 19 Feb 2007 03:38:30 +0000 http://www.adam-khoo.com/64/a-message-to-those-who-are-still-lucky-enough-to-receive-ang-pows/#comment-2487 Hie Adam [ Uncle Adam ] ! I'm one of the participants in the IAG Camp during December 11-14 2006. I totally agree with what you said. Everyone have a choice; whether to spend or save their money. I'm really fortunate to have read your entries. In this way, i can know your experiences and apply them in my life. Err i'm not really sure if i can comment on your entries.. because i'm still young.. but i hope you won't mind.. ^^ After reading what you wrote, i decided to keep my ang pow moneys instead! Thank you for sharing! [ and i thank myself for reading ^^ ] Hie Adam [ Uncle Adam ] !

I’m one of the participants in the IAG Camp during December 11-14 2006. I totally agree with what you said. Everyone have a choice; whether to spend or save their money. I’m really fortunate to have read your entries. In this way, i can know your experiences and apply them in my life. Err i’m not really sure if i can comment on your entries.. because i’m still young.. but i hope you won’t mind.. ^^

After reading what you wrote, i decided to keep my ang pow moneys instead! Thank you for sharing! [ and i thank myself for reading ^^ ]

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