You have enough money to purchase either a house or a business. Which would you choose to buy?
After working for 10years and eating maggie everyday and you have finally saved enough money ( or the deposits) to purchase a house or start your own business. Some chose to venture into stock markets and some in JJxxx, they are considered as business investments too, just higher risk.
What will be your choice?
When you purchase a house, it will never go wrong, it will always be yours. unless you stopped paying the mortgage. It might stress you harder in terms of the monthly loan payment like a liabilities , but in fact if you chose a property with good entry price, it will always be your assets. It increases your personal net worth in a astronomical value. Because , property price will always rise higher, just a matter of time and rising speed.
What will be your choice?
When you purchase a house, it will never go wrong, it will always be yours. unless you stopped paying the mortgage. It might stress you harder in terms of the monthly loan payment like a liabilities , but in fact if you chose a property with good entry price, it will always be your assets. It increases your personal net worth in a astronomical value. Because , property price will always rise higher, just a matter of time and rising speed.
When you increase your own net worth, it actually provides credibility to your account as well which in turn allows you to loan from the banks in a easier and faster pace. The chances of getting rejected is lower compared to those with low net worth and credibility. Which means, more investment choices can be opted since you can have the loans approved , MORE HOUSES = FASTER TO FINANCIAL FREEDOM. *Provided that you are able to handle the mortgages.
If I bought a few houses and I have few children, they can take one of mine as they grow up. Can you imagine the housing price when your next kin has grown up to an adult? You have to work 10 years to afford a house, how about them? Remember, property price is always rising, and it is not completely their fault if they could not afford their own house as salary usually does not increases along fast enough with the property price.
Moreover, having a few house in the hustle cities and lenient countryside is always a good choice. Live in the city near to your own work place in weekdays and go over to your countryside farmhouse to enjoy your weekends and relax. Indulging in different environment allows you to think more creatively and less stressful. Not to mention that I am able to rent it out by myself or using apps like AirBnb. By doing this, fixed positive monthly income can be generated from the house to pay for its mortgage.
Its like having a worker to earn and get paid for his own salary. Why not?
On the other hand, rolling into a business will have higher risk. 90% of the successful businessmen or entrepreneur out there have failed more than 5 businesses before they get to the correct one , which leads them to the road of millionaire. Are you ready to afford that? Are you resilient enough to handle that stress? Will you keep on going despite the look down from everyone?
If all the answers are Yes to you, then you should probably go for business option. Business can definitely brings you a fortune, but high profit comes with high risk. Proceed cautiously and don't give up, who knows you might be the next Ma Yun of Alibaba.
However for the lazy men like me, I would obviously choose property as the option. Its not that I do not have dreams and targets to achieve, but I choose to achieve it in a safer way, although it is much slower in pace but at least I can sleep well in the night. Buying a house with good location , good price will never go wrong!
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You can just leave a message or pm me if you wish to know more about available housing projects in Penang!
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You can just leave a message or pm me if you wish to know more about available housing projects in Penang!
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