Post to Facebook on 8/11/2019 9:12 AM
Commenting on “Another must read post - Life & Investment Adivce”
Another must read post
I have discussed and “issued” warnings for those at the age of 40s and holding upper-middle and senior positions to be careful with and cautious about their employment.
At that age, they are likely to deal with and manage people rather than projects or tasks. They have staff ”below” them to keep in check, and in the meantime keep higher management happy by meeting KPI’s, targets, budgets, and timeline. Office politics requires soft skill, hard skill and diplomatic skill.
Unlike handling projects or tasks that require special technical or hard skills which cannot be replaced easily, professional managers are abundant, and it is matter of paying a higher ”reward” plus perks to lure them to replace those under achievers.
I was young before, and enjoyed the glory to be at the top during my early career life. I learnt and realised very quickly that no one was really indispensable in a company.
When you are about to hand in your resignation if you think you have enough with the company, think twice; the companies outside can be worse than the present’s. There are people who deal with their desire to depart in a more philosophical manner, by justifying that If they don’t try, they never know!
Very soon, the company you have contributed your effort for years, will find someone to sit in your chair.
What’s my point talking about employment? Unless you have loads of inheritance from parents or rich uncles, or lucky enough to win the Tattslotto 1st division plus Jackpot, you derive your income from turning up to work. In the real world, the more you earn, the more you get ambitious with your expense, and investment, and hence you will experience more stress.
I am a problem solver and a careful investor, and never put my eggs in one basket. I spread my financial risks, and so far I am very happy with what my wife and I have achieved.
Not that I am a sour grape, I always advise people not to start off with a high price property, over stretching their budget. My previous primary residences including the present one took less than 10 years to pay off.
A lot of people are so fixed in their mindset that and become a slave to the banks or lenders of their properties. It is always nice when the bank manager asks you to collect the Title that has been in their safe during the past many years.
I shall be using we and our from hereafter when I refer to investment in joint name with my wife.
We started with a small house that required some fixing. We learnt about renovation hands-on, pros and cons, and the ins and outs so that we would not fall for bigger mistakes that might cause an arm and a leg. We set our target to pay off the loan say in 7 to 10 years, and worked towards the goal, increasing ”our” incoming working extra jobs, and cut expenses to bare minimum.
It is important not to let emotion push you into investing in a property beyond your budget.
In order to minimise our risk, we invest in multiple low-price properties instead of a single expensive one. The low-price properties became positively geared in very short time, which means the tenants are paying the loan. That is the preferred way to earn a passive income.
If you have a better or preferred way to invest, please share with us.
Thank you for reading.
Commenting on “Another must read post - Life & Investment Adivce”
Another must read post
I have discussed and “issued” warnings for those at the age of 40s and holding upper-middle and senior positions to be careful with and cautious about their employment.
At that age, they are likely to deal with and manage people rather than projects or tasks. They have staff ”below” them to keep in check, and in the meantime keep higher management happy by meeting KPI’s, targets, budgets, and timeline. Office politics requires soft skill, hard skill and diplomatic skill.
Unlike handling projects or tasks that require special technical or hard skills which cannot be replaced easily, professional managers are abundant, and it is matter of paying a higher ”reward” plus perks to lure them to replace those under achievers.
I was young before, and enjoyed the glory to be at the top during my early career life. I learnt and realised very quickly that no one was really indispensable in a company.
When you are about to hand in your resignation if you think you have enough with the company, think twice; the companies outside can be worse than the present’s. There are people who deal with their desire to depart in a more philosophical manner, by justifying that If they don’t try, they never know!
Very soon, the company you have contributed your effort for years, will find someone to sit in your chair.
What’s my point talking about employment? Unless you have loads of inheritance from parents or rich uncles, or lucky enough to win the Tattslotto 1st division plus Jackpot, you derive your income from turning up to work. In the real world, the more you earn, the more you get ambitious with your expense, and investment, and hence you will experience more stress.
I am a problem solver and a careful investor, and never put my eggs in one basket. I spread my financial risks, and so far I am very happy with what my wife and I have achieved.
Not that I am a sour grape, I always advise people not to start off with a high price property, over stretching their budget. My previous primary residences including the present one took less than 10 years to pay off.
A lot of people are so fixed in their mindset that and become a slave to the banks or lenders of their properties. It is always nice when the bank manager asks you to collect the Title that has been in their safe during the past many years.
I shall be using we and our from hereafter when I refer to investment in joint name with my wife.
We started with a small house that required some fixing. We learnt about renovation hands-on, pros and cons, and the ins and outs so that we would not fall for bigger mistakes that might cause an arm and a leg. We set our target to pay off the loan say in 7 to 10 years, and worked towards the goal, increasing ”our” incoming working extra jobs, and cut expenses to bare minimum.
It is important not to let emotion push you into investing in a property beyond your budget.
In order to minimise our risk, we invest in multiple low-price properties instead of a single expensive one. The low-price properties became positively geared in very short time, which means the tenants are paying the loan. That is the preferred way to earn a passive income.
If you have a better or preferred way to invest, please share with us.
Thank you for reading.
