Wise words worth repeating again. Great advice in the last para below - if you had followed it at the time he said it, you would have made a bundle.

"The point I am trying to make is not about how to accumulate $1 mil or $5 mil or $10 mil but to get the formula right from day one and how far you go from there depends on your hardwork, perseverance, discipline, risk appetite, luck and timing. Firstly, spend within your means - if not, no spare cash. No spare cash, no investment. With spare cash, invest it and not spend it. With profit from investment, re-invest. If you made a wrong investment, you start again. If you don't build up the means to invest, you will never generate any returns. The only way to build up the ability to invest is to spend within your means. Otherwise, salary is the only cashflow and that would mean running the rat race for a long time."

"Equity valuations have gotten very cheap recently. Property prices have also been moderating. Imagine having spare cash around - you can start planning how to enter the markets."