Li Ka-Shing shares some of his money wisdom

[Ringo33]

Those who just started, you might want to give it a try. :D

http://mirror.e27.co/li-ka-shing-teaches-buy-car-house-5-years/

[indomie]

If his method doesn't work... Just buy properties.

[Shoeboxsupporter]

Those who just started, you might want to give it a try. :D

http://mirror.e27.co/li-ka-shing-teaches-buy-car-house-5-years/

I don think is from Lee Kah Shing.......:doh:

[Royston8H]

Thanks a lot for sharing this post of li ka shing, my idol. His way of writing really simulating a person's thinking.

5 portions of funds just like 6 freedom jars concept by t harv elker.





Those who just started, you might want to give it a try. :D

http://mirror.e27.co/li-ka-shing-teaches-buy-car-house-5-years/

[radha08]

If his method doesn't work... Just buy properties.

i also say...:cool:

[Royston8H]

Yo, the article is meant for newbies who want to be successful in life, not for seasoned property investors. How to buy property (http://www.propertyrichesprogram.com) if you just have a starting pay?

Not applicable to the riches and those with already born with silver spoon or inherited properties before. ;)


i also say...:cool:

[Ringo33]

Yo, the article is meant for newbies who want to be successful in life, not for seasoned property investors. How to buy property (http://www.propertyrichesprogram.com) if you just have a starting pay?

Not applicable to the riches and those with already born with silver spoon or inherited properties before. ;)

Not sure how true is this article, but I think a lot of people misread it as a sure win or short cut formula riches.

But if you dig deeper in order for one to succeed you will need a lot of hard work, perseverance and most importantly thick skin. I think people should stop thinking of property as a short cut to success because the time to make easy money in property is over liao. Better focus of career and networking.

[Royston8H]

Agree. If u read his chinese articles, that are pretty enlightening too.

We cant also all depends on properties for income. To many especially in 2015 if not now, a positive cashflow can be will be getting much tougher. Have to look outside singapore for alternate investment or do other businesses.

[Ringo33]

Agree. If u read his chinese articles, that are pretty enlightening too.

We cant also all depends on properties for income. To many especially in 2015 if not now, a positive cashflow can be will be getting much tougher. Have to look outside singapore for alternate investment or do other businesses.

The networking part of what the article say is extremely important because with good network, will come good opportunities, be it good jobs or businesses.

However a person will still need to have good character and some valuable skills and knowledge in order to tap into the resources of other's network.

Depending on property for passive income is only possible is you have good rental yield and not highly geared because majority of the positive cash flow you accumulated will eventually be put back into the property for repairs and renovation etc.

[Royston8H]

Certainly, not a new concept, i.e. Networking = networth. :)

Capital appreciation is more applicable in singapore. Better Yields are for those overseas properties especially foreclosures properties in usa. Yields are pretty good if the entries were during sub prime.



The networking part of what the article say is extremely important because with good network, will come good opportunities, be it good jobs or businesses.

However a person will still need to have good character and some valuable skills and knowledge in order to tap into the resources of other's network.

Depending on property for passive income is only possible is you have good rental yield and not highly geared because majority of the positive cash flow you accumulated will eventually be put back into the property for repairs and renovation etc.