Many of us want to be rich, but most of us are not willing to pay the price of being rich Mr. Loo Cheng Chuan, founder of the 1M65 (1 Million by 65) movement, shared this hard truth at the Seedly Personal Finance Festival 2019. His message is also my key take away for my journey towards financial freedom.
Achieving financial freedom requires hard work and sacrifices
Mr. Loo Cheng Chuan shared his origin story about how he strived and worked hard to make his mark despite the setbacks from the financial crisis. It is an inspiring story because so much of today’s news is about how successful individuals make money from quick wins: starting and selling profitable businesses or investing in high risks instruments like cryptocurrency. We tend to forget that these are rare and exceptional cases and most of the time, to achieve financial freedom, hard work and sacrifice are required to pave the way.