… by running his motivation business and investing in shares and properties. But I would compare him with another “guru” Clemen Chiang.
The founder of Adam Khoo Learning Technologies Group, which conducts personal development courses for children (and adults too), has invested in 2 condos (sold off 1) and stays in a 5,000 sq ft semi-detached house in East Coast.
His company has an annual turnover of $15 million.
Adam Khoo also invests in Singapore stocks like Capitaland and OCBC, US stocks and exchange traded funds.
And he prefers term insurance to whole life and endowment policies. See Salary.sg articles on term insurance and where to buy term insurance.
The above is based on info from Sunday Times.
I note that although Adam Khoo has co-authored books on trading stocks – covering technical analysis and short-term trading – he himself seems to be a medium to long-term value investor in blue chips and property.
He has also co-authored another recent book on Internet Marketing, but it seems he doesn’t do much of IM, at least to make money directly from it (rather than from collecting book royalties).
Maybe, in a way, he’s like “Doctor” Clemen Chiang, who teaches options trading courses, but seems to make more money from his seminars and other investments such as property than from actually trading options.
Now you know. The way to make a lot of money is to have a successful business, whether it’s selling books, conducting seminars, or even servicing aircon. And then invest wisely to grow your wealth.
If you think you’re better than your boss, why not strike out on your own? It’s easier if you’re working in an SME than in a MNC.
12 Comments
too many get rich schemes out there. there are no free lunches. a secret divulged is no longer a secret. a trick to make money should never be made known to all as well. selling options get u premiums, does it work? going for 1bp/tick gets u fast money, but do you always be on the correct side? law of law numbers, 50/50, end of day u break even provided your wins n losses equates. so how true is it?
im appalled by the acute lack of ethical editing here…try not to mislead vulnerable people to take on unneccessary risks. please we have enough sad stories going around.
Adam Khoo made $$$ from his motivational seminars, more so than his books.
As an SME, he made $$$ from large corporations. I personally know friends who are staff of GLCs like ST who were sent by their companies to attend his talks. He charges $2000+ per person for the seminars/courses.
Not all SMEs operate in the same field or business models. So this should be a caveat.
I was told Robert Kiyosaki only becomes rich after he starts selling his books ‘Rich Dad, Poor Dad’.