The Tao of Fortune: A Journey to Wealth
By Master Liyu You, Cheryl Krueger and Sunny Gao
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About this ebook
Some people seem to succeed without even trying, but others hustle without ever enjoying rewards. If youre frustrated seeing your neighbors enjoy the fruits of life while you sit on the sidelines, then take action! Leverage ancient Chinese wisdom to achieve your personal financial goals, and start enjoying financial freedom.
Despite the changes in society, the ancient principles in the Tao continue to be relevant today. This guidebook teaches you how to
unlock the mystery of the Tao Te Ching;
understand how Wealth DNA affects your ability to acquire, retain, and share wealth; and
enjoy life to its fullest once you become rich.
Youll also learn about the UFO Model, which translates the ancient Tao into a modern, actionable, step-by-step plan for creating wealth simply and with ease. By transforming your attitude about money, you can uncover new opportunities that lead to riches.
This manual proves that you dont need a certain family, education or even luck to live your dreams. All you need is The Tao of Fortune.
Master Liyu You
Master Liyu You, Ph.D., was born and raised in China. He works as an information technology principal consultant and has a doctorate degree in electrical and computer engineering. He lives in suburban Chicago. Cheryl Krueger, CFP ®, owns her own fee-only financial planning firm in Schaumburg, Illinois. She specializes in preparing for and meeting retirement needs through advice and education. Sunny Gao, CFA ®, MBA, is a professional financial consultant. She and her husband, Master You, have two children and live in suburban Chicago.
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The Tao of Fortune - Master Liyu You
Copyright © 2013 Master Liyu You, Ph.D.
Cheryl Krueger, CFP®
Sunny Gao, CFA®, MBA.
All rights reserved. No part of this book may be used or reproduced by any means, graphic, electronic, or mechanical, including photocopying, recording, taping or by any information storage retrieval system without the written permission of the publisher except in the case of brief quotations embodied in critical articles and reviews.
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Any people depicted in stock imagery provided by Thinkstock are models, and such images are being used for illustrative purposes only.
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ISBN: 978-1-4759-8752-2 (sc)
ISBN: 978-1-4759-8754-6 (hc)
ISBN: 978-1-4759-8753-9 (e)
Library of Congress Control Number: 2013907563
iUniverse rev. date: 7/18/2013
Contents
Preface Foundations For Wealth
1 Everyone Can Be Rich
2 Two Worlds – Prosperity And Scarcity
3 The Tao Of Fortune – The Ufo
Model
4 The Laws Of Fortune – Seven Golden Rules
5 The Secrets Of Wealth Creation – Your Wealth Dna
6 You’re Rich; Now What?
7 Take Action Now
To
Samuel, Sophia and Max
Man Proposes, God Disposes.
- An Ancient Chinese Proverb
PREFACE
FOUNDATIONS FOR WEALTH
PART I: ANCIENT CHINESE WISDOM
C hina, one of the four ancient civilizations (along with Babylon, Egypt, and India), has brought four great inventions to the world – the compass, gunpowder, paper making, and printing. During the past three decades, riding a wave of economic globalization, China has increasingly become an integral part of the world economy. What drives this rapid growth?
Can we leverage ancient Chinese wisdom to achieve our personal financial goals and reach financial freedom? Surely we can! We are living in the information age. Change is constant and rapid. Despite changes, the underlying principles do not alter. The US Army has and still uses ancient Chinese Sun Tzu’s war strategies and tactics to fight the most sophisticated Gulf Wars today.
Over a 5,000 year history, China has seen a host of world-famous philosophers. Their schools of thought have greatly influenced modern Chinese culture and thinking in both their business and personal lives. The Spring and Autumn (770 B.C. - 476 B.C.) and Warring States (476 B.C. - 221 B.C.) periods resulted in a proliferation of new ideas. Many philosophers and their schools of thought appeared during this period. To name a few:
Lao Tzu (571 B.C. - 471 B.C.), the founder of Taoism, documented his philosophy in the book <<Tao Te Ching>>.
The tao that can be expressed is not the eternal Tao; the name that can be defined is not the eternal Name.
When I let go of what I am, I become what I might be.
When you are content to be simply yourself and don’t compare or compete, everybody will respect you.
There is a thing, formless yet complete. Before heaven and earth it existed. Without sound, without substance, it stands alone and unchanging. It is all-pervading and unfailing. One may think of it as the mother of all beneath Heaven. We do not know its name, but we call it Tao. Deep and still, it seems to have existed forever.
Confucius (551 B.C. - 479 B.C.), the founder of Confucianism, documented his thoughts in the book called <<The Analects>>.
Do not do to others what you do not want done to yourself.
I hear, I know. I see, I remember. I do, I understand.
A superior man is modest in his speech, but exceeds in his actions.
Sun Tzu (544 B.C. – 496 B.C.), an early military strategist, documented his school of thought in <<The Art of War>>.
If you know both yourself and your enemy, you can win a hundred battles without a single loss.
Therefore one hundred victories in one hundred battles is not the most skillful. Seizing the enemy without fighting is the most skillful.
Never will those who wage war tire of deception.
Over thousands of years, three major beliefs have evolved and blended into Chinese culture: Taoism, Confucianism, and Buddhism. Both Taoism and Confucianism originated within China around 500 B.C. during the Spring and Autumn and Warring States periods; Buddhism, from India, was introduced later. The universal principles or the words of God are called Tao in Chinese.
Zen was developed out of Taoism and Buddhism. Meditation and sudden enlightenment are the cornerstones of Zen. In meditation, you seek messages from the universe directly when you are silent and your mind is detached from illusions.
Feng Shui is another philosophy developed in the periods of Spring and Autumn and Warring States. The universe is filled and made of Qi (pronounced "chee). Chinese Qi means
flow or
energy" in English. Qi has to flow freely in order to have good health, fortune and prosperity. If Qi gets stuck without a proper outlet, it becomes problematic and hazardous; envision water stuck stagnantly in a pond for a long period of time. You can imagine how bad that smells.
The stuck Qi becomes negative energy and causes all sorts of problems such as stress, depression, distraction, feelings of unworthiness, aimlessness and hopelessness, and a lack of energy. It makes us prone to moodiness; gives us a tendency to overreact to little things; and inclines us to be judgmental and uncooperative.
In this book, I will quote Chinese proverbs and quotations whenever possible to elaborate underpinning principles to financial events or statements. Many so-called modern
financial and managerial theories were documented in Chinese literature thousands of years ago in different forms. I have merely reinterpreted them and applied them to modern issues. By applying ancient Chinese wisdom to our daily lives, we not only achieve our financial goals and happiness, but also discover and pursue the ultimate meaning and purpose for our lives.
PART II: UNDERDOG BEGINNINGS
I grew up in a small village in the southeastern part of China. The surrounding three villages all have the same last name, which is You! I was told that one of my ancestors was a cook for the first Emperor of the Song dynasty more than a thousand years ago. The Emperor was once defeated and escaped to our village, Nan You, an ideal hiding place in the valley of mountains and next to the East China Sea. He could escape by boat when necessary. The cook went with the Emperor to serve him in hiding. One of the cook’s descendants stayed in the village; the Emperor ultimately took power and became the founding father of the Song dynasty. That is the legend of how the You tribe was started.
When I was little, China was in the turmoil of the Cultural Revolution. People were forced into all sorts of political activities, even sometimes killing each other in the name of supporting Mao. I was hungry most of the time and many times only had potatoes to eat since there was not much food in the family. If we were lucky we might get to eat some meat, once a year, for the Chinese New Year.
My village sits just across the Taiwan