Have you read the news about travel company operator, Hal Taussig? He is a founder of Untours and has donated over US$5 million to help the poor since 1999. He is known for leading a very rich life on very little money. He does not buy his clothes from expensive stores; he resoles his shoes and he reads magazines at public library. But he donates lots of his wealth to help the poor and that has made his life richer and happier. If you are interested to know more about him, look at the article in today's Associated Press.
The points I want to make are that (1) you can be happy and your life can be very rich without spending too much money, and (2) it's very easy for you to do something for humanity. It all depends on how you look at things in our world and the value that you place on them. Think about the following ideas and suggestions:
Do not let vanity and consumerism corrupt you: Putting on an Armani suit, Versace tie, LV bag, etc., won't make your life richer. You may win more jealous eyes than appreciation and your wallet only gets thinner after paying for those items. If you are using credit cards, you may even lose interest on your debt and the bank is the real beneficiary of your vanity. of course, you may find it very difficult to quit such habits but have you tried to think about charity? You may tell yourself you are saving to help the poor and this may make it easier to overcome the temptation when you walk pass LV, Armani? Remember Taussig.
Quality of life often conflicts with standard of living: A high standard of living may often mean poor quality of life. What would an expensive lunch with lobster and steak do to your health? Would taking a taxi from Admiralty to Central do more good to you than walking? Would visiting expensive gym mean better exercise than jogging, briskly walking or Tai Chi in a public garden?
Simplicity makes you happier: Make things simple to you and to the others surrounding you will always make life easier and happier. Many troubles and problems are created because we make things too complicated. Instead of buying a bigger house or making costly renovations, why not try removing all unnecessary furniture and stocks, or sending them to a convenient godown? Instead of shopping for the latest most advanced cellphone, iphone, why not just stick to the old one? All you need is to call and to receive calls.
Don't feel bad to acknowledge you are not rich: Would you feel bad if you can't tell people that you are residing at the Peak, Repulse Bay or Stanley? Would you feel bad if you are renting a house instead of owning one? I tell you most of the really rich won't count on where you live, how you dress, what credit cards you are using; many look for friends with talents, integrity and characters. It's only those who are poor (in body and mind) that will judge you by valuing your house, your clothing, etc.
Remember: Little money usually means Rich Life and vice versa. Successful investors never waste resources on trivials.
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