QUOTE(JamesPond @ Feb 20 2013, 09:32 AM)
I dont quite get it why people has to think 'quiting your daily job' as a sign of success. Sometimes, the 'day job' can be equally as financially-rewarding as being a 'full time investor'.
Just like taking up to RM8mil of debt to earn RM7.5k nett.. while some high performance employees can earn more than at the same age.
Of course, there are upside to it like capital appreciation and more personal time.
But there are also big risks and headache that an employee would not likely to face; like increase in interest, bubble burst etc. Also if you manage so many property you still need to spend time 'working' for your tenants. You dont get shit from the boss, but you get it from the tenants, or sometimes from the bank manager or ah long when times are bad..
During my younger days, I kept hearing people saying that 'dai kung chai' (employee) cannot get rich. Now, I realized how mistaken those 'wisdom' is. There are many millionaire employees out there, actually.
Feb 20 2013, 10:26 AM

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