Yesterday we had a gathering with Dennis. He always share relentlessly as he believes that is how he can help most people – teaching us how to fish, instead of giving us the fish.
He shared a life lesson and showed us that many of the common sayings converge to one principle, one of the law of successes. The law was mentioned by Napoleon Hill, who received the wisdom after interviewing successful people over 20 years. He urged us to “go the extra mile”.
Have you heard of the saying from Christianity, “you reap what you sow”? Isn’t it the same meaning as Buddhism’s “因果”? How about the scientific reasoning of “cause and effect”? They mean the same thing. They are telling us that we better do good, so that we will receive good.
[Free Ebook] How should you invest your first $20,000?
We asked 14 Singapore finance bloggers to share what they would do if they could go back in time and invest their first $20,000. They can no longer rewind time, but you can learn from their experience and hopefully start with a better footing.
Next, the law of increasing returns states that we will always get more than what we put in. Dennis quoted the example of planting an apple tree. It took one seed to grow into a tree. But once the tree started to bear fruits, there will be more than one apple, and even much more seeds. The effort we put in was rewarded several times. This is where the compounding effect in finance is applied.
With these 2 laws (law of cause and effect + law of increasing returns) working hand in hand, they give us the assurance that as long as we put in effort, we will be handsomely rewarded one day.
According to Dennis, the formula for wealth is “the number of people you served x the value you created for them”. If we put in more effort to increase the number of people we served and/or the value we provide, we will get back much more in return. Then, we should give more and not withhold and being calculative over things. The more we give, the more we will receive. Hence, the key is, just focus on going the extra mile, and everything will fall into place, and with the law of increasingly returns, you will receive your rewards with compounding effect.
I shall give away gifts in this Christmas season. Hence, I am giving out 2 books to 2 readers.
- The Purpose Driven Life by Rick Warren
- The Power of Positive Thinking by Norman Vincent Peale
They are part of my book collection and are in great condition. Just email me the book that you are interested in reading and I will do a lucky draw to determine the winner. The winner will be contacted by email. The closing date is 23 Dec 10, 12pm (SG time). To add: To Singapore address only.
This event has closed. Congratulations to the winners, Patrick and Wisely. And of course, Merry Christmas to all!