Friday, April 3, 2009

Lim Tow Yong - Bankrupt at 72 Years Old, Millionaire Again at 82


(From Adam Khoo's blog)

In this Post, I would like highlight an EXTREMELY inspiring article I read on the Sunday Times (31st October 2006) entitled ‘ 82-year-old Comeback Kid Bounces back from Bankruptcy’.

At the age of 72 years old, Lim Tow Yong was declared a BANKRUPT. The company he founded in the 1960s, Emporium Group Holdings which he built up to a sales revenue of $300 million has been crippled by the recession of the mid-80s and severe competition. His company chalked up debts of over $100 million.

Most people at the age of 72 would either be dead or half-dead. Instead of feeling sorry for himself, he picked himself up decided to START ALL OVER AGAIN at the age of 72. He began going back into the retail business by setting up joint ventures with partners in Sabah, Labuan and Brunei.

Ten years later, at the age of 82, he sold his 17 stores and supermarkets for $4.2 million making him a millionaire all over again! Can you imagine this? I truly salute this man.

So for all those of you who are whining, bitching and complaining that you are too old, too tired and no money to make your millions, then stick this article on your wall and stare at it every single day. Think about it. This man not only started with ZERO, he started with -$XXXX. And at the age of 72, don’t you ever dare tell me that you don’t have more energy than him. These are the stories I read that continue to remind me of the POWER OF THE HUMAN SPIRIT and that everything is possible when you believe in yourself.

Never ever give up. Fight till the very end. I remember watching Rocky (the movie about boxing) whe Rocky Balboa (Sylvester Stallone) was being bashed up his stronger opponent. It looked so helpless and it seemed impossible for him to fight back and win.

When he turned to face his coach, his coach Micky shouted to him ‘ I DON’T HEAR NO BELL’. ‘IF I DON’T HEAR NO BELL, THEN YOU KEEP FIGHTING!’ (The Bell signals that the match is over)

So, until you HEAR THE BELL that your life is over and that you are DEAD, you KEEP FIGHTING!

Fear Cannot Not Stop Us From Dying, But it Stop Us From Really Living

http://www.adam-khoo.com/41/bankrupt-at-72-years-old-millionaire-again-at-82/

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