StayFocused
2019-12-29 11:19:05
"....what makes something an asset is that it puts money in your pocket each month..."
so in RdPd model, primary residence ( your home) is a liability , but not an asset UNTIL it is sold.
The increase in price of house is only on paper until it is sold."....Now the minute you start to realize income from a house, it can then become an asset....."
one RdPd principle: ..."Invest for cash flow, not appreciation"..
all nations, societies, companies are all doing OPM and leverage. depending on who can do a BETTER job consistently, persistently, and hopefully more respectfully and morally !!!
StayFocused
2019-12-29 11:36:53
You may not need to agree with each of his points, but take it easy !! Hopefully he did not have any bad intention or try to look down upon young people.
It is SUPER CRITICAL and IMPORTANT that you keep on building value EACH DAY! Younger age does have an advantage as compared to older folks in terms of speed of learning and brain power.
最重要係要良好既資產,如果唔係就無咩用。
點解我強調國外同香港係兩個唔同既經濟圈,
無論國外既經濟圈圈點強大,
都唔及香港既經濟圈圈強大造成既威脅重要。
國外有外國政府幫手,香港就靠我地自己。