Sunday Times published an interview with Jim Rogers recently in Me & My Money Column.

What I find revealing is that we can see in the interview with Jim Rogers that:

1. Making lots of money is not really his motivation. He enjoys what he does, finding out about how the world works, what are the trends, and profitting from spotting trends.

2. He is a billionaire, yet he does not even see the NEED to own a Car in Singapore. On the other hand, in Singapore, I've seen people earning S$3,000 and yet buy a car.

3. The most important things to him and what he treasues most is his Family. We have seen real life sad stories of people forsaking kinship to fight over money....

4. He's a living example of how a person can pursue his passion and thereby achieving both wealth and fulfillment.

5. Even an American such as Jim Rogers sees the importance of learning Mandarin, that is why he moved his family to Singapore. On the other hand, we have read of Singapore families migrating to other countries so that their children can "avoid" learning Chinese. How ironical.

6. It is possible to predict. 1 year ago, he predicted that Temasek Holdings would lose lots of money investing into financial firms. Back in 1999, he predicted the bull market in commodities as well. When a person gains experience, he also gains insight and foresight.

P.S. I just read that Temasek Holdings lost billions of dollars buying/selling Bank of America Shares. On the other hand, I bought Bank of America shares at US$6.98 and sold at US$14.55 recently, making 108% in a few short months. It is a nice feeling to know that the scholars at Temasek Holdings might not be that "street smart" in investing afterall.

7. He says that he needs very little money...yes, one does not need to have much money to be happy and fulfilled. I hope that more people would realise this sooner than later.

Cheers!

Dennis Ng, http://www.MasterYourFinance.com - When You Master Your Finance, You Master Your Destiny!