4/8/2020 0 Comments #22 - Should you buy or rent? 𝐁𝐮𝐲𝐢𝐧𝐠 𝐨𝐫 𝐫𝐞𝐧𝐭𝐢𝐧𝐠 𝐢𝐬 𝐚 𝐧𝐞𝐯𝐞𝐫-𝐞𝐧𝐝𝐢𝐧𝐠 𝐝𝐞𝐛𝐚𝐭𝐞 𝐛𝐞𝐭𝐰𝐞𝐞𝐧 𝐭𝐡𝐞 𝐭𝐰𝐨 𝐠𝐫𝐨𝐮𝐩𝐬. 😬
Homeowners will always argue the benefit of equity building, stability, and generational wealth. 🤑 Renters will say the enjoyment of life, freedom to travel and relocate, not tie up to the mortgage, interest rate, and some will also argue that housing is not a good investment and that investing in ETFs will generate more! 🙂 My take?
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𝐓𝐡𝐞 𝐛𝐢𝐠𝐠𝐞𝐬𝐭 𝐦𝐢𝐬𝐭𝐚𝐤𝐞 𝐟𝐨𝐫 𝐭𝐫𝐚𝐝𝐞𝐫 𝐢𝐬 𝐭𝐨 𝐛𝐮𝐲 𝐬𝐨𝐦𝐞𝐭𝐡𝐢𝐧𝐠 𝐟𝐨𝐫 𝐭𝐡𝐞 𝐡𝐨𝐩𝐞 𝐭𝐨 𝐬𝐞𝐥𝐥 𝐢𝐭 𝐥𝐚𝐭𝐞𝐫, 𝐛𝐮𝐭 𝐭𝐡𝐞𝐧 𝐭𝐡𝐞 𝐚𝐬𝐬𝐞𝐭 𝐝𝐞𝐜𝐥𝐢𝐧𝐞𝐬 𝐢𝐧 𝐩𝐫𝐢𝐜𝐞, 𝐚𝐧𝐝 𝐢𝐧𝐬𝐭𝐞𝐚𝐝 𝐨𝐟 𝐬𝐞𝐥𝐥𝐢𝐧𝐠 𝐢𝐭 𝐰𝐢𝐭𝐡 𝐚 𝐥𝐨𝐬𝐬, 𝐭𝐡𝐞 𝐭𝐫𝐚𝐝𝐞𝐫 𝐬𝐭𝐚𝐫𝐭𝐬 𝐭𝐨 𝐡𝐨𝐥𝐝 𝐨𝐧 𝐭𝐨 𝐭𝐡𝐞 𝐥𝐨𝐬𝐬𝐞𝐬 and tell himself “I’m investing in this asset now, the price will go back later”!😱😱😱
𝐒𝐨 𝐭𝐡𝐞 “𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠” 𝐢𝐬 𝐞𝐬𝐬𝐞𝐧𝐭𝐢𝐚𝐥𝐥𝐲 𝐭𝐡𝐞 𝐝𝐞𝐧𝐢𝐚𝐥 𝐨𝐟 𝐧𝐨𝐭 𝐰𝐚𝐧𝐭𝐢𝐧𝐠 𝐭𝐨 𝐭𝐚𝐤𝐞 𝐚 𝐥𝐨𝐬𝐬! 🙀 When I first started learning to trade, there was just so much information and “gurus” out there, and it was overwhelmed…🙀
I heard advises on that I should open an account with XYZ brokerage because they offer the best spread and cashback; or that I need to sign up with Mr. XYZ and go for his Master Class - even though it might costs $5000, but the trading result is guaranteed! 😳 1/21/2020 0 Comments #15 - Mastermind GroupMy first knowledge about Real Estate was back in Taiwan when my Dad gave me a book called “Rich Dad Poor Dad.” 👍
I was only 14, but was immediately drawn to the concept of passive Income and the four quadrants. Unfortunately, I took it the wrong way and started looking down on the “Employee” quadrant, and always dreamed of making money “the easy way”…🤦♂️ |
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