PETALING JAYA: Ganesh Kumar Bangah made his first million at the age of 23.
The secret, he said, was as simple as knowing what people needed and delivering it to them.
“I knew what I was good at, which was IT. I used that to come up with something of value to the world.
“I also worked hard and persevered until I reached the goals I had set for myself,” said Ganesh, now 33 and the CEO of MOL Global Bhd, a company worth over RM1bil.
He said that even when he was only 15, he had been using his skills to make money, like repairing his teachers' computers for a fee.
At the age of 20, he started his own company, which made him a millionaire in three years.
“Be focused and set new goals for yourself to keep climbing higher. Real wealth is the satisfaction you get when you overcome a new challenge that brings rewards. Financial wealth should just be a by-product.”
Feng shui master and multi-millionaire Joey Yap said learning to make good use of time was a key ingredient to achieving financial success.
“In business, time is money, so make sure you use your time to acquire things of good value. Find out what your strengths are, work on your weaknesses and hone your talents,” said Yap, 35, who made his first million at age 26 by selling his first feng shui home study course.
However, having RM1mil does not necessarily make people feel rich, especially for those raising children in the city.
Carol Leong, 57, a mother of three, said it costs more than the amount for an average family to live in the city and raise a child to adulthood.
“There are medical bills, tuition fees, various expenses and their education to pay for. For our family, it has definitely come up to more than RM1mil per child,” she said.
Leong, a lawyer, said she and her businessman husband had placed their money in various investments, which in the long run had helped pay for tertiary education overseas for their three children.
“I would advise young parents living in the city and who are just starting a family to invest to secure some income for the future,” she added.
Source: Star Online, 18 August 2012