Read THIS Before You Get Into Any Business or Investments

“Oh Adrian, I have RM 30,000 just sitting in the bank. I want to invest. Any hot tips on what property to invest on? Any tips on what business should I venture into right now?”

This is a very common question I get asked by people from all walks of lives. The amount of RM 30,000 might vary, but people basically are asking what business to venture into with the capital that they have.

I always encourage them to get into property investment. I have seen the magic of it. Some did. Some didn’t. For those who didn’t – here is a general advice on how you should invest without ruining your live.

Questions, questions, questions – hard questions without the right answer is disastrous

By the way, the mere fact that you are asking me what to do with your money shows that you have no business idea in mind. It means you have NOT found a problem in the market that you will passionately try and solve.

  1. Up your Skillset

Remember, at the early stage of building your life, you will need to have acquire a skill that people will value and pay you highly for.

This is, however, not your business. You are not doing this out of passion. You are doing it to pay your bills. So ask yourself – what are you good at?

Some people are good at dancing, but they don’t like it. I have met lawyers who are excellent in the courtroom, but they don’t like what they are doing.

The conventional wisdom says you should “do what you like” but hey what if you like cooking but no one would pay you a single cent to eat what you cooked? Yeah, do what you like and pray that your Facebook likes will pay for your bills.

Ask practical question – what skill you have that people will pay you highly for? Enhance that skill whether you like it or not. That is what will give you some form of freedom to venture into other fields.

Everyone have a different number. But I would say that skill must generate at least RM 120,000.00 annually. Anything lower than that you won’t have money to pay your bills or as emergency fund for your business. 

A good samurai spends his entire life learning a skill – it shouldn’t be different for you.

     2. Start a Business

Now that you have a high earning skill, you can now consider building a business. Now this is the stage we talk about passion. Your business must be solving a problem in the market, and you must be passionate in it if you want to do it for long.

I myself started off as an interior designer (a highly paid skill). During my challenging years, my mentor saved me (financially) by encouraging me to get into property investment and I made a comeback. Since then, I realised my new calling in life and that’s to help Small Medium Entreprises (SME) in the market to go into property investment while focusing on earning active income. I have walked the path and made it – there is no reason why others shouldn’t.

What I find most people, even my students tend to do is that they attended a course, overestimate their own capability, and jump into all sort of business like buying properties. If you haven’t even earn enough to pay your bills, how are you going to cope if there is an emergency?

You go around resigning from your job and start a say… car rental business. One fine day a tyre went puncture and F*CK! you have no spare fund to fix your cars. You are stuck!

Financial success requires meticulous planning!

3. Start investing

After securing a high-paying skill and starting a business (which hopefully is running well), you should have some spare cash to play around. This is when you dabble into investments (even high-risk investments) that will give you a high return rate.

The investment itself will make you get rich quickly, but the work behind it – before you can even start to play the investing game – is what you don’t get to see. Always make enough money to pay your bills first before dabbling into risking investments.

General Advice

If you have RM 30, 000 just sitting in the bank and you don’t know what to do with it – consider joining a course. A skill that you have cannot be taxed and cannot be taken away from you.

You need not necessarily join my course – Die with Massive Debt – but join any courses. Always up your skill. Even today at the level where I am, I always invest monies on education to learn from the best.

Good luck and never stop learning!

Love,
Dato’ Sri Adrian Wee

Why Property Investment is the KEY to Financial Freedom

  • Leverage

Let’s say you have RM 30,000 in your bank. You walked to the bank and say, “Hey bro! Loan me RM 270,000 can? I want to invest RM 300,000 in stocks.” It is very unlikely that any sane banker will borrow you the cash – what if the stock is not doing well? Who is going to pay back the loan?

But what if you walked to your “bro” and request the money to buy a property instead (taking a mortgage). Then it is for more likely that the bank will lend you the money. Say you want to buy a house of RM 300,000.

If you invest in stocks and let’s say the stock increase by 10%. Throwing RM 30,000 into the stock (since the bank will probably not loan you any monies), your 10% increment is only RM 3,000. If you buy a house (original purchase price RM300,000) and it increase by 10% – that is RM 30,000 in increment. RM 27,000 more!

But why would the bank borrow you money for mortgage, but not for stocks? We will dwell on that in the next point…

Who doesn’t like a piece of property right in the heart of KL?
  • Stability

Property investment is traditional and is perceived by the banks to be stable. You can liquidate your shares almost instantly these days. Therefore the share market is more volatile. A property needs to be sold before you can get your cash so it is not so easy to get out of the market – thus giving it a sense of stability.

Besides, look at the news these days. How many overnight companies have went bankrupt almost instantly. You went to bed, get up and OPS! Its gone. A property is not the same. You can run, you can hide, but the property will still be there. These days, even if it is burnt there’s insurance coverage.

  • Positive Cash Flow

Get a property that is rentable and you will instantly see the return of your investment on a monthly basis. If your property is rentable at 8% of the purchase price then it means not only are you paying off your mortgage, but there is a steady stream of money flowing into your bank account as well.

Investing in property ensures cash flow

  • Control Over Your Investment

If you are into stocks and bonds, once the price plummets, there is practically nothing you can do except to cry and pray to all Gods in the world that it will go back up. When it comes to property thou – I firmly believe there is always something you can do.

Renovate it. Advertise it. Subdivide it so that it is cheaper. Rent out to a different group of tenants. Anything within your control. Investing in property gives you control and the main point is that you are not going to be a sitting duck when things do wrong.

  • Capital Gains

Australians made their riches in a unique way of property investment. As property prices tend to double up every seven to ten years – many investors made their fortune by a “Buy and Hold Strategy.” Their wealth significantly doubled up every decade or so.

Add this to the theory of leverage above – now you know why property investment is such a profitable investment to venture into?

Still need more tips? I will give you the best tips below. It is really common sense.

Once the space is out – it’s OUT!
  • God is not here to make more space.

Population explosion in South East Asia countries (especially Vietnam with an ever increasing number of youth) means that the property market is here to stay. There might be ups and downs – just like any other investment – but the pro will always make a killing.

Want to be a pro? Join our “Die With Massive Debts” course and we will coach you and provide you with our hot, sexy, irresistible checklist – the “13 Rules” to buy a profitable property in the market.