All posts tagged Gamble

Rich Invest On Cash flow, Amateurs Invest on Net Worth

Posted on Nov 6, 2012 in Articles, Investment Strategy by 4 Comments

Years ago before the passing of my late multi-millionaire grandfather, I have had the fortune of frequent conversations and debate on investment and wealth with him. Although I missed him after his passing, his simple teachings had taught me many vital lessons on wealth.

Me: “Do you know your Net-Worth and how much are you worth today?”

Grandfather: “I don’t know and I don’t care.”

Me: “I don’t understand.  Why don’t you care and want to know your Net Worth? Isn’t that what defines you and makes you so rich today? ”

Invest Using Common Sense, Conventional Wisdom Sucks

Posted on Aug 26, 2012 in Articles, Investment Strategy, Singapore Property Investment by 1 Comment

Here are 4 of my all-time favorites ‘Conventional Wisdoms That Suck’ for the ordinary investor. Ordinary investor – Defined as one who’s holding a full-time 12-hour back breaking job, dependent on a job income, maybe a family to support, have some money to invest (not a million definitely), dreams of becoming wealthy one day – and WANTS badly to get out of the rat race.

There are tons of information out there on how to invest in property: the internet, books, seminars, newspapers, financial ‘gurus’, property ‘experts’ and even your next-door neighbor. Most of these information contain a grain of truth and a lot of misunderstanding.

I would just like to know ‘how did they do “It” ? How did they fool so many people for so long? How did they get them to believe in ‘it’ even after it was proved time and time again to be a bad idea?  I don’t even remember learning “It” from my late multi-millionaire grandfather. I just realized one day how dumb the conventional wisdom is and questioned why everyone is doing “It”.