When Was The Last Time You Upgraded Yourself?

In today’s fast paced world, have you ever paused for a moment and asked yourself, “When was the last time I upgraded myself”. And more importantly, is your current skill-set still relevant?

Fellow reader, this is Adam Khoo, founder of Wealth Academy™, Asia’s Most Powerful Wealth Creation Program, that has transformed the lives of thousands of individuals financially since 2004. In this post, I will briefly share with you my views about why most people procrastinate to upgrade themselves and what you can do to overcome these pitfalls and lead a prosperous life.

A Paradoxical Observation

First off, allow me to enquire when was the last time you upgraded your mobile phone? Chances are, you probably have upgraded your mobile phone in the last 2 years or are already in the midst of getting a new one.

One paradoxical observation that I noticed time and time again over the last decade is that when it comes to mobile devices, people tend to demand better and more features. Some people actually feel no qualms about paying hundreds and sometimes thousands of dollars for the latest mobile devices.

Interestingly, a handful will even do whatever it takes to be the first to get their hands on the latest mobile devices (take for instance, queuing up for the latest I-phones).

However, when it comes to upgrading their own skill-set, most people would tend to think twice about paying for courses that could potentially enhance their productivity at work or increase the amount of income they are earning.  Instead, most prefer ‘free’ short courses over comprehensive paid courses and would only go for trainings when their companies send them.

In a number of cases, people only go for skill-upgrading when it is too late – they became redundant in their companies as their skill-sets had become obsolete.

Not that I am against upgrading our mobile devices but if we can come into an agreement that  the long-term well being of our families and ourselves are more important, then wouldn’t it make more sense that we should devote more of our resources into improving ourselves?

Why Most People Tend To Delay Skill-Upgrading?

One of the key reasons why people tend to delay upgrading their skill-sets is that most people usually don’t see or experience immediate benefits after attending training courses. And part of it is because most people don’t apply or get the chance to apply what they have learnt immediately.

On the other hand, people tend to experience instant gratification when they upgrade their mobile devices. They get to enjoy a faster phone with better features almost immediately when they get their phones.

Personally, I think this is a worrying trend as I am writing this post. If you have read my previous post, you would have remembered that I mentioned that the economy now is showing some signs that are similar to the start of a recession. Indeed, analysts have already cut the GDP growth forecast for Singapore this year and in a recent poll finding, job security turned out to be a big worry among Singaporeans.

How Can You Stay Relevant In The Society And Secure Your Income?

For starters, you can make a commitment to be open-minded and to adopt an attitude to demand small but constant improvements in your life.

Whether you are working, spending time with your family or exercising, you can constantly ask yourself these questions:

  • “Am I doing this the same way I have been doing before?”
  • “How can this be done better?”

By asking these 2 questions regularly, it will focus your mind on constantly finding small ways to improve and raise your standards.

In addition, you can also regularly look out for training courses that would add value to the job that you are holding right now. By doing so, you have a higher chance of being retained by your employer, should a redundancy in your company occur.

Another way that I personally prefer to is to be proficient in generating an additional source of income, that is not at the mercy of your employer or the economy. One such way that I know of, and have been doing for the past 20 years, is investing in the stock market.

Indeed, as I recall, the times when I was able to generate significant amounts of income within a couple of years were those when I invested in the stock market during the financial crisis of 1997, 2001 and 2007.  

What’s more, the good thing about learning how to invest is that once you have mastered this skill, it will serve you for life.

If you would like to learn how I was able to invest successfully, then do look out for my upcoming 3-hour complimentary Wealth Academy Introductory workshop where I will be revealing what you need to know to invest in the stock market successfully.

See you soon and to your financial success!

Adam Khoo

About your author

<center>Adam Khoo</center>

Adam Khoo

Chief Trainer in Wealth Academy™

Adam Khoo is an award-winning Singaporean entrepreneur, best-selling author, professional stocks & Forex trader and peak performance speaker. Adam conducts Wealth Academy™ Program on a quarterly basis to educate the public about value momentum investing using deep fundamental and technical analysis approach.


Any content in this presentation should not be relied upon as advice or construed as providing recommendations of any kind. It is your responsibility to confirm and decide which trades to make. Trade only with risk capital; that is, trade with money that, if lost, will not adversely impact your lifestyle and your ability to meet your financial obligations. Past results are no indication of future performance. This course presentation is not meant to be a recommendation to buy or to sell securities nor an offer to buy or sell securities. The publishers of Adam Khoo and Adam Khoo Learning technologies Group Pte Ltd (AKLTG) are not brokers, dealers or registered investment advisors and do not attempt or intend to influence the purchase or sale of any security. AKLTG does not guarantee the accuracy or completeness of the information displayed. This is shared purely for educational purposes only. 

0 replies

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published. Required fields are marked *

Other articles you might be interested:

5 Highly Effective Ways To Grow And Bulletproof Your Wealth (Part 2)

At the bare minimum, we would want to ensure that rate of return on our savings is at least equal or higher than the rate of inflation. This is crucial because inflation generally causes the prices of most things to rise over time.

More Jobseekers Than Job Openings In Q2

If you have been keeping abreast of the local news lately, you would have noticed that the employment situation in Singapore have turned for the worst.
Adam Khoo

A Candid Interview With Most Preferred Investment Speaker, Adam Khoo

Adam Khoo Learning Technologies Group (AKLTG) was voted the “Most Preferred Financial Educator” at the ShareInvestor awards of 2016. We sat down with professional stock investor and chairman of AKLTG, Adam Khoo, to seek his thoughts on how investors can maximize their returns on their investments.

How To Profit By Using "Insider Trading" Information

In this article, we are exploring perfectly legal ways of utilising insider trading information to help us in our trading decisions. Simply because we are going to look at ways of getting public “insider” information that anyone can access at any time on the Singapore Exchange (SGX) website.

5 Highly Effective Ways To Grow And Bulletproof Your Wealth (Part 1)

As the high costs of living in Singapore has seemingly become the norm (we are ranked the most expensive city to live in for the third year running), are there better and more effective ways to grow our wealth?
guaranteed stamp

Guaranteed Returns In Investing?

From time to time, we tend to encounter investment schemes that “guarantee” a certain rate of return (often in the range of 20% per year and above) and have a relatively short exit timeframe. Sounds too good to be true?
single way

The Single Most Effective Way To Become Wealthy

Interestingly, if you invest early you could be getting more returns using less capital than if you were to start later. How is that possible?

“Brexit” – Crisis Or Opportunity?

The consequences of their decision have been felt globally. Shortly after the results were announced, the pound declined more than 10% against the U.S dollar, a level which has not been seen since 1985.

Are You Stressed Out By Your Current Job?

In a recent news report, it was revealed that a growing number of young professionals are suffering from burn-out. Due to extra-long working hours, more and more young people are also suffering from medical problems such as insomnia, depression and hypertension.