How do most people make money?
Most people take a 9 to 5 job to make money, they simply trade their time for money.. and this is the most common method… it keeps our economy growing and running
But is that the only way to make money? of course not
You could own a property and collect rents
You could own a small business… selling a simple goods or products… for example you run a coffeeshop franchise serving coffee and bread to customers every morning… once its matured its on autopilot.. you have a paid manager managing the place for you, you have workers serving the customers and you collect the profits month after month
You could own stocks… 24 hours a day, 7 days a week the companies works for you to generate revenues, profits and finally dividends goes into your pockets
Property, Business, Stocks…. they make money for you… you do not trade your time for money….
The poor works for money grinding their daily job… the rich lets money work for them…
I understood this at a young age… that’s why my whole life I only worked 3 years… 1 year as an assistant engineer with my electronics and computer engineering diploma then 2 year as an equities dealer with my business degree… I knew very sure what path I would take… I have been self employed for 8 years since…
Nowadays my income comes from 3 areas, Rental from Property, Capital Gains from Stocks and Subscription fees from Writing this Substack
Writing is trading time for money, but I am doing this more as my passion to share and give back to society… make or don’t make money it doesn’t matter… I do enjoy writing and penning out of my thoughts as it makes it even clearer of what I am doing
A lot of people will say.. THEY DO NOT HAVE CAPITAL TO INVEST…. they often will say… IT TAKES TOO LONG TO GROW MY PORTFOLIO INTO ONE MILLION DOLLARS…
Its their mindset that makes them poor.. that’s why most people will remain stuck in the rat race forever… 90% of workers will remain as workers till they reach their retirement age of say 65 or 70… because they do not have the financial knowledge and they do not have the burning mindset to change their lives! Cold hard truths!
It doesn’t take long to grow your portfolio from zero to 1 million… all it takes is a solid 10 years of leading a simple life style, saving 50% of your income and investing wisely for a 10% to 20% compounding returns… it has been done by many and its very possible… even if your salary remains at $3000 and you endure 10 years of simple life… no holidays, no luxuries, basic meals… u save $1500 a month and invest it for 20% returns you can still hit half a million in 10 years time.. if u do not believe then key the numbers in below
A lot of people say they have no capital to invest no capital to do business…. blah blah blah… then I ask you.. right now I give u 1 min to think whether to accept this deal or not.. at the end of 1 min the deal is auto declined
I lend you 1 million dollars right now at an interest rate of 10%… do you take it or not?
1 min is gone and what is your answer?
Most people I know will not have the balls to take it… they play it safe and continue to work in their office jobs slaving away… that’s why they are stuck.. they invest in a diversified portfolio getting low returns… that’s why they are stuck… they keep their money in the bank playing it safe..
safety will get you no where… if you wanna become rich there is always a risk to take… how to manage that risk comes from experience and knowledge
If you have the guts to get out of the rat race then CAPITAL IS NEVER A PROBLEM… do u want face? or do u want to get out of the rat race? obviously if u really want the freedom you will throw away your face and borrow that capital
ask the bank for a loan.. rejected? ask you family for a loan.. ask your friends for a loan… ask the random people to invest in you, your business or your fund… as long as you are willingly to ask… you will get it…
but do not expect people to lend u money if u know cock shit… do at least spend a few years reading books on how to start a business, how to run a fund…if you do not have the proper financial knowledge… then you will eventually squander the funds all away…
Since the age of 18 I had bought over 50 books from Amazon.. businesse books, self improvement books, investing books.. I read 3-4 books a year and grew wiser… nowadays I do not read books anymore but I continue to gain insights from youtube videos daily.. yes I still continue to learn daily and share what I learnt to you readers every week too
but if you put in the effort to learn how to run a business or run a portfolio making solid returns you will not be afraid to borrow as much as a possible.. because you can make a return for both your backer and yourself!
I dare to borrow 200k from my broker at 5% because I am confident to make 20% or more returns over the long run on Alibaba and Tencent
I do not diversify and play it safe… putting 500k into a diversified portfolio of ETFs to “protect” my capital… I continue to invest today like how I invest 10 years ago.. focus fire and putting it big into my highest conviction picks
2010 I put 15k my entire portfolio into a single stock, 2015 challenger rose from 10 cents to 50 cents and my portfolio grew to 75k and that’s how I started my career as an investor
Now in 2021 I put $500,000 into Alibaba and Tencent… I am 100% sure that by 2025 it will at least double to $1,000,000 or even triple to $1,500,000
My haters will continue to call me lucky but I know better that its not luck that brought me so far…
why did I make 50% returns on DBS going from 20 to 30? why did I double my money on prop nex from 50 cents to 1 dollar? Others see it as luck so be it.. I do not care what others think of me
I know my Alibaba and Tencent will be even bigger winners than DBS and Propnex and its my knowledge, experience and conviction that sets me apart from the 90% who are still working in their office job… this is not a post to mock the common folk, if you feel offended I can only say sorry to you but I hope it will instead inspire you to also get out of the rat race some day
The poor works for money
The rich lets money work for them
I do not trade my time for money
I use my intellect to create money