Robert Kuok on the Generation of Greater Wealth and Betterment of Mankind

“Wealth should be used for two main purposes. One: for the generation of greater wealth; in other words, you continue to invest, creating prosperity and jobs in the country. Two: part of your wealth should be applied to the betterment of mankind, either through acts of pure philanthropy or by investment in research and development along the frontiers of science, space, healthcare, and so forth.”

Such are the wise words of Robert Kuok aka “The Sugar King.” He is the richest man in Malaysia, second in Southeast Asia, and ranked 76th in the world. Forbes.com estimates his networth at $12.5 billion. Clearly, this man of experience and success must know what he’s talking about!

If you’re aiming to be wealthy in the near future, make sure you keep his advice in mind, specifically:

One: Generation of Greater Wealth
Simply said: think of the future. Wise people are always two steps ahead—and they stay ahead. It’s not about now but tomorrow. Parents could relate to this because they are always thinking about and working toward their children’s future.

If you’re not a parent yet, you can start thinking about retirement as early as now. Keep a rainy day account and always set aside a decent amount from your income. This will only work to your benefit. The little steps you take today can affect your financial status (and peace of mind) for days to come.

Two: Betterment of Mankind
With wealth comes responsibility; and this applies to your personal finances as well. If you want to take this piece of wisdom to heart, start by thinking of the people around you.

Sometimes, if you’ve got plenty of money, the initial reaction would be to splurge or use it for something self-serving. What about spending it on charity, or simply using your money to help a neighbour in need?

There’s a belief that how you handle a small amount of money will be the same way you could be expected to handle a bigger amount. Make the best of what you have now and prove yourself worthy of being entrusted with more.

Money is a powerful tool for productivity and promoting good will. Kuok himself is a clear example of how wealth can be used to change the world for the better. His philanthropy is known throughout the country.

The Kuok Foundation, a non-profit organization, aims to improve the lives of the poor, and the “fostering of self-reliance and empowerment.” You can visit this site for more info about Kuok Foundation.

Robert Kuok’s advice is meant to inspire, humble, and motivate people around the world to strive harder. Don’t you think we need more Robert Kuoks in the world? With the right attitude towards wealth and wise spending habits, you might be just one in the making.

*****
Article Written by Cristina Beltran – a blogger & writer at Comapare Hero, Malaysia’s leading comparison website. This portal helps individuals in making the best decision by comparing rates from different finance and insurance providers.