Comments on: A Timeless Secret To Building Massive Wealth – The Slow Way! http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/ Unique Insights and Other Writings By Wai Loong Thu, 27 Oct 2011 15:08:09 +0000 hourly 1 http://wordpress.org/?v= By: Wai Loong http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/comment-page-1/#comment-1627 Wai Loong Thu, 11 Sep 2008 16:41:19 +0000 http://www.wailoong.com/?p=544#comment-1627 Dear Thim Wai, From your comment, I can tell that you've missed out the true essence of my article altogether! My humble recommendation is that you seriously need a good financial education to appreciate what I've just shared above. No offense, but you have failed to identify the simple difference between asset and liability (according to Robert T. Kiyosaki). I highly recommend that you educate yourself as fast as possible by reading "Rich Dad, Poor Dad" and "The Cashflow Quadrant". Not all properties are valued as asset. The truth is, most so call Singaporean condo owners are living pay-check to pay-check to pay off their loans. And that is hefty enough if they only have 1 source of income. Imagine they lose that income to service their loans before they sell... it's a huge disaster! What takes money out of your pocket every month is never an asset - according to Robert Kiyosaki. And there is much truth in what he teach! If you truly figure out how much a car in Singapore really cost you, you'll never even consider buying a car! Taking Taxi all your life will probably beat the pants off owning a car - unless you pay a dirt cheap price to drive one and you've worked out your maths to justify the cost! Like it or not, the Government is determined to drive the population of Singapore to 6.5mil in the next few years. So if you know what I'm hinting and you're in at the right time doing the right things, you'll make a huge amount of money, retire young and retire rich too - probably in the next 15 years! :) Dear Thim Wai,

From your comment, I can tell that you’ve missed out the true essence of my article altogether!

My humble recommendation is that you seriously need a good financial education to appreciate what I’ve just shared above. No offense, but you have failed to identify the simple difference between asset and liability (according to Robert T. Kiyosaki). I highly recommend that you educate yourself as fast as possible by reading “Rich Dad, Poor Dad” and “The Cashflow Quadrant”.

Not all properties are valued as asset. The truth is, most so call Singaporean condo owners are living pay-check to pay-check to pay off their loans. And that is hefty enough if they only have 1 source of income. Imagine they lose that income to service their loans before they sell… it’s a huge disaster!

What takes money out of your pocket every month is never an asset – according to Robert Kiyosaki. And there is much truth in what he teach!

If you truly figure out how much a car in Singapore really cost you, you’ll never even consider buying a car! Taking Taxi all your life will probably beat the pants off owning a car – unless you pay a dirt cheap price to drive one and you’ve worked out your maths to justify the cost!

Like it or not, the Government is determined to drive the population of Singapore to 6.5mil in the next few years. So if you know what I’m hinting and you’re in at the right time doing the right things, you’ll make a huge amount of money, retire young and retire rich too – probably in the next 15 years! :)

]]> By: Yen Thim Wai http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/comment-page-1/#comment-1620 Yen Thim Wai Tue, 09 Sep 2008 14:20:38 +0000 http://www.wailoong.com/?p=544#comment-1620 Hi Wai Loong, It is not surprising because nowaday many people are buying condominium and driving BMW in Singapore. That iPhone is nothing. I think it is good that people buy cars. In a way, the MRT will not be very pack with people during peak hours. Bro Hi Wai Loong,
It is not surprising because nowaday many people are buying condominium and driving BMW in Singapore. That iPhone is nothing.

I think it is good that people buy cars. In a way, the MRT will not be very pack with people during peak hours.

Bro

]]> By: Wai Loong http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/comment-page-1/#comment-1615 Wai Loong Sun, 07 Sep 2008 16:21:44 +0000 http://www.wailoong.com/?p=544#comment-1615 @uncle sha: Yes, Robert Kiyosaki is a good financial educator. Unfortunately, he cannot teach everything. But that is still a good eye opener to many (like me) who have no idea what financial intelligence is all about... less than 4 years ago. @Wealth Journey: I agree that 15% pa is a little over quoted, but not impossible. If we consider hard enough, value index funds should perform at least a little over 10% across a period of 10 years. Otherwise the fund manager is not truly subscribed to the tried and time tested principles in value investing. @uncle sha:
Yes, Robert Kiyosaki is a good financial educator. Unfortunately, he cannot teach everything. But that is still a good eye opener to many (like me) who have no idea what financial intelligence is all about… less than 4 years ago.

@Wealth Journey:
I agree that 15% pa is a little over quoted, but not impossible. If we consider hard enough, value index funds should perform at least a little over 10% across a period of 10 years. Otherwise the fund manager is not truly subscribed to the tried and time tested principles in value investing.

]]> By: Wealth Journey http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/comment-page-1/#comment-1614 Wealth Journey Sun, 07 Sep 2008 10:03:54 +0000 http://www.wailoong.com/?p=544#comment-1614 Nice site... and good entry.. though 15% pa is on the high side for index funds. A more typical and highly possible range would be 6% - 10%pa. Nice site… and good entry..
though 15% pa is on the high side for index funds.
A more typical and highly possible range would be 6% – 10%pa.

]]> By: uncle sha http://www.wailoong.com/544/a-timeless-secret-to-building-massive-wealth-the-slow-way/comment-page-1/#comment-1612 uncle sha Sun, 07 Sep 2008 02:19:15 +0000 http://www.wailoong.com/?p=544#comment-1612 Nice summary in Spore context I too read plenty of Robert Kiyosaki's stuff Nice summary in Spore context

I too read plenty of Robert Kiyosaki’s stuff

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