New Straits Times - - KLASSIFIEDS - K.C. LAU is the au­thor of Top Money Tips for Malaysians. Visit for more up­dates.

CRE­AT­ING wealth is like mak­ing a road trip. Let’s say you want to get to Sin­ga­pore from Kuala Lumpur. There are sev­eral ways you can do this: train, bus, walk­ing, fly­ing, etc. All of these medi­ums of trans­port are able to get you to your desti­na­tion. Some will be faster than oth­ers while hav­ing their own pros and cons.

Sim­i­larly, most peo­ple look for that one magic for­mula for cre­at­ing wealth, but the truth is that there is more than one road you can take and still end up get­ting wealthy. Each path has ob­sta­cles and not all paths are for ev­ery­one, but what’s im­por­tant is that you have the lux­ury of choice. I’ll be putting the spot­light on some of these choices below.

Many Ways for Build­ing Up Wealth

You can buy prop­er­ties into the mil­lion­aire clubs, you can be­come an en­tre­pre­neur by start­ing up a busi­ness, you can even marry rich, and there are in­vestors who build wealth through stocks ac­cu­mu­la­tion.

Yes, you heard right! Mar­ry­ing some­one rich and in­her­it­ing their wealth can also make you rich! There is no law that says you can’t, but there is a prob­lem. The rich make up only 5 per cent of the pop­u­la­tion, so catch­ing one is pretty dif­fi­cult. And if you’re a fe­male, you have to be at­trac­tive. Yeah, the re­al­ity is harsh! In fact, there is a Chi­nese firm that teaches young girls how to at­tract rich guys. How­ever, if that’s not your forte, then there are al­ways bet­ter al­ter­na­tives.

When you just look at the sur­face, you see on any oth­ers mak­ing it rich. They made it through one of the ways men­tioned above. But what you see is just the “sur­face”. They drive nice cars. They live in big bun­ga­lows. They go for ex­otic va­ca­tions. But do you ever won­der what’s hap­pen­ing in the “black box”?

Of­ten enough, or­di­nary peo­ple ig­nore the process be­cause you only see the re­sult.

Process VS Event

With all of the ways men­tioned above, you have to take into ac­count that they are all lengthy pro­cesses. Yes, it’s a PROCESS! You can’t do it overnight. It takes a lot of hard work, cal­cu­lated risks, and most of all, sac­ri­fices. Only after you have ex­pended a lot of ef­fort, time and cap­i­tal, and have per­se­vered through it all, you will see re­sults.

Most of us have an Achilles’ heel and that of­ten be­comes the un­do­ing of all our hard work! Our fun­da­men­tal flaw is that we of­ten choose to see the EVENT. An Event is when you see that some­one bought a Jaguar, a bun­ga­low, or is re­tir­ing early, etc. You have to re­mem­ber that is the re­sult of THEIR Process.

There­fore, to suc­ceed in what­ever path you choose, it is im­por­tant to un­der­stand the dif­fer­ence be­tween Process and Event. You know that strik­ing a lot­tery to get rich is NOT a re­al­is­tic way of build­ing wealth. Even in the stock mar­ket, some peo­ple in­vest based on spec­u­la­tion or ru­mours and that sim­ply won’t cut it! The bot­tom line is, with­out a Process you can­not have an Event, which, in this case, is your wealth.

Work on your PROCESS!

The re­al­ity is that there is no easy way to wealth, even if that’s mar­ry­ing some­one rich! That’s be­cause even if you want to marry a rich per­son, you have to have that level of net­work, el­e­gance and at­ti­tude to make it.

Al­though it looks cool on tele­vi­sion, but you can’t fraud or con your way into mar­ry­ing some­one rich, be­cause sooner or later, you’ll be caught!

There­fore, work­ing on the PROCESS is your BEST shot! Yes, it is tough but you need to make the con­scious choice. Do you want to live from pay­check to pay­check or do you want REAL suc­cess? So don’t set­tle for com­fort, push for progress!

In the end, YOU are the only ob­sta­cle to your OWN suc­cess. I wish it were pos­si­ble, but you can­not out­source your ROLE to be­com­ing wealthy.

Most peo­ple be­lieve that hir­ing a fi­nan­cial plan­ner will au­to­mat­i­cally make you rich! The truth is, he can­not help you be­come rich be­cause that’s not his duty. In most cases, the plan­ners don’t ac­tu­ally know how!

Take for ex­am­ple Tan Sri Teh Hong Piow, one of Malaysia’s wealth­i­est busi­ness­men who is cur­rently worth USD4.7 bil­lion (RM21 bil­lion). He founded our Pub­lic Bank, which has been prof­itable since its in­cep­tion in 1966. What most peo­ple don’t know is that he started as a bank clerk in 1950 be­fore be­com­ing a bil­lion­aire. In the process of mak­ing him­self bil­lions, he has helped a lot of peo­ple be­come mil­lion­aires. His phi­los­o­phy is to per­se­vere and work hard to do well at what­ever you set your mind to. He also be­lieves that you should al­ways go above and be­yond what is ex­pected of you - in short, be un­ex­pected!

Only by per­se­ver­ing against all odds was he able to build Pub­lic Bank to where it is to­day! This Process took him decades, and even now, he is still ac­tive in Pub­lic Bank’s man­age­ment. Even though he has reached his EVENT, which is his bil­lion­aire sta­tus, he is still hard at work to push for more progress in his or­gan­i­sa­tion. He could have cho­sen com­fort now that he’s reached his Event, but he didn’t. He is still laser-fo­cused and pour­ing his heart into build­ing the bank­ing busi­ness and there­fore, noth­ing else is stop­ping him from keep­ing on build­ing his wealth.

So re­mem­ber this: when you don’t see the de­sired EVENT hap­pen­ing, it means you need to work harder on the PROCESS!

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