Comments on: The Most Common Habit of Rich People

By: TCKhew

TCKhew — Sun, 12 Jun 2011 06:01:52 +0000

I love KC’s sharing and all the comments above.
There is a sentence of comment by Yap Ming Hui, which I think is pretty simple and straight to the point, “Reading just helps you to become better”. I agree with David’s saying that half of the rich people read a lot, but half of them never read. But in my opinion, if there are two business men running exactly the same business at exactly the same location (may be two companies side by side), starting the business at the same period; one businessman reads a lot, another one never read, in this case, the one who reads a lot may perform better than the other one. In this scenario, I am trying to compare ‘apple to apple’.
My boss does read lot, he is very knowledgeable. So most of the time, he is able to convey his ideas to his staff and convince them to accept his ideas because of his broad knowledge.

By: KCLau

KCLau — Mon, 24 May 2010 02:25:19 +0000

Thanks for your comments.
I write this article with the intention to motivate people to read more and learn more.
And wealth is one of the greatest motivation.

By: Yap Ming Hui

Yap Ming Hui — Fri, 21 May 2010 23:39:50 +0000

The comments here are very interesting. They makes me want to share my view too.
I think that reading is good for both rich and not rich yet people. As far as money management is concerned, reading helps the rich to learn how to preserve their wealth better. I have clients who read a lot. They are definitely more knowledgeable than some of the “financial planners” who don’t read.
Reading also helps the not rich yet people to learn how to create wealth more effectively. Whether you are already a good creator or not, reading just helps you to become better.

By: OneMint – Economy and Your Finances Carnival 24 May 2009

OneMint – Economy and Your Finances Carnival 24 May 2009 — Fri, 21 May 2010 00:29:17 +0000

[...] presents The Most Common Habit of Rich People posted at KCLau’s Money Tips, saying, “About the common habits of the [...]

By: Gopi

Gopi — Tue, 09 Feb 2010 02:35:22 +0000

hi,

when you say, you need to unlearn to learn.

What do u actually mean?

By: oladipo kayode

oladipo kayode — Wed, 30 Sep 2009 14:31:26 +0000

the rich people reads offen and makes friend amongs people that are very rich

By: B@L@

B@L@ — Sun, 02 Aug 2009 16:56:15 +0000

for me everything happen only after start reading, example investing in property, start saving little money, little investment, looking for extra income such as passive income. i dont have any teacher……the only teacher i have is BOOKS.

By: Azlan

Azlan — Wed, 01 Jul 2009 12:45:43 +0000

Smart people always learn from others mistake and experiences, reading are the best way to learn the lesson.

By: KCLau

KCLau — Tue, 30 Jun 2009 05:49:24 +0000

@David,

You’ve made a great point. Rich people do have more time and freedom to choose what they want to do.

By: David

David — Mon, 29 Jun 2009 16:26:23 +0000

I laughed at the comments in this post. Reading DOES NOT make you rich. Rich people reads because they have more free time as compared to the poor.

Cause : RICH; Effect : Reading.

BUT NOT

Cause: Reading; Effect : Rich.

I dare to say this because I know a lot of people with ney worth above 100 million ringgit in Malaysia(YA NO KIDDING!). I would say half of these people reads a lot but half of them NEVER read because they don’t know much about books. They is NO quantitative correlation btw wealth and reading.

Regards.

By: Marco

Marco — Sun, 21 Jun 2009 22:13:26 +0000

I used to read alot. After having 2 kids, and as you know the life of living in KL, reading is kind of luxury activity for me now.

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[...] on the next meltdown. Credit card companies appear to be the culprit. And KCLau examines The Most Common Habit of Rich People posted at KCLau#8217;s Money Tips, asking Which habit is really important? Then FMF [...]

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Carnival of Financial Planning - Edition #92 | ZachStocks — Sat, 06 Jun 2009 15:22:26 +0000

[...] KCLauÂ presentsÂ The Most Common Habit of Rich PeopleÂ posted atÂ KCLau#8217;s Money Tips, saying, About the common habits of the rich [...]

By: KCLau

KCLau — Thu, 28 May 2009 02:01:15 +0000

@ David,

definitely business books .. non-fiction.

By: Wealth, Money and Life Carnival - May 23, 2009 | Dividends Value

Wealth, Money and Life Carnival - May 23, 2009 | Dividends Value — Sat, 23 May 2009 10:32:26 +0000

[...] presents The Most Common Habit of Rich People posted at KCLau#8217;s Money Tips, saying, About the common habits of the [...]

By: Kids and Money - May 22, 2009 - by Money Hacks

Kids and Money - May 22, 2009 - by Money Hacks — Fri, 22 May 2009 16:45:16 +0000

[...] presents The Most Common Habit of Rich People posted at KCLau#8217;s Money Tips, saying, About the common habits of the [...]

By: David Stillwagon

David Stillwagon — Thu, 21 May 2009 21:01:16 +0000

I assume the books are how-to books. Or are they fiction?

By: KCLau

KCLau — Thu, 21 May 2009 04:29:52 +0000

@Hobbes,

I am staying in Penang. Thanks for your support!

By: Money Hacks Carnival - Otter Pop Editio | StretchyDollar

Money Hacks Carnival - Otter Pop Editio | StretchyDollar — Wed, 20 May 2009 14:50:29 +0000

[...] presents The Most Common Habit of Rich People posted at KCLau’s Money [...]

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