All posts tagged Invest

Live Your Own Life (Invest) On Your Own Terms!

Posted on Jan 25, 2017 in Articles by 0 Comments

Ignore Everything Else!

As always, the journey to both or either financial and time-freedom begins with three magic words: ”Enough is enough”. Stop comparing yourself with what others have and what you don’t have.

When you say those words with your heart, you are ready to continue your life-long investment journey, which includes 8 basic steps.

Diary of a Sudden-Rich – What should Adam do?

Posted on Oct 15, 2012 in Articles, Singapore Property Investment by 1 Comment

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. Robert G. Allen – Creating Wealth

Excerpts from the previous article on The Diary of a Sudden-Rich:

“..my home value has recently appreciated and doubled in value! I am thinking of selling it so that I can upgrade my home. And my property agent friend has also calculated that I will have some spare cash to purchase another smaller unit for investment purpose since I don’t have any other investments. So this is my plan: I will sell my home, upgrade to a bigger unit and purchase a smaller unit for investment. The government is building an MRT system near the location. I know that the price is high today but with the new MRT under construction, I think the price will not depreciate much in a downturn. Years later, when my children grow up, I will sell away the bigger home, take the proceeds upon capital appreciation and move into the smaller unit for retirement.”

If you remember yourself reading the article, you must be thinking about Adam’s investment plan. Adam is 45 years of age and a Chief Operating Office of a MNC. I met up with Adam recently and get to know some details about the two properties he may want to purchase:

  1. A 4 bed room unit that he is eyeing on (recently TOP) will cost at least $1.7m. This will be his new home.
  2. A 2 bed room unit (an older project estimated to be about 7 years old) will cost about $850k. This will be his ‘investment property’.
  3. Currently Adam has outstanding loan of about $300k for his current home. He bought his current home for about $650k during the low times of 2005.

The Diary of a Sudden-Rich

Posted on Sep 10, 2012 in Articles by 0 Comments

How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case. Robert G. Allen – Creating Wealth

My name is Adam.

I am a working professional, with a steady monthly pay check and a 13th month yearly bonus, if not more. I thank my bosses for the job security but hope to retire early. My total savings in my bank accounts today stands at $100k plus and wonder if it’s enough to support my wife and I during our retirement years. The good news is – my home value has appreciated and doubled in value!

 My plan: Sell my home, upgrade to a bigger unit and purchase a smaller unit for investment on the advice of my ‘experienced’ property agent friend. With the MRT coming up in the next few years, I think the price will not depreciate much in a downturn. Years later, when my children grow up, I will sell away the bigger home, take the proceeds upon capital appreciation and move into the smaller unit for retirement.

Invest time to learn, then money

Adam is one of the many people that I know of with ‘sudden’ riches from property appreciation in recent years. Many people are like him. They are employees we see every day who are happy working not-to-lose and turning their savings or ‘sudden riches’ to financial or property ‘experts’ rather than learning to be their own financial expert. Investing their money is secondary. Adam belongs to the group of people known as “passive investor” who invests no time to learn but invests money.