Truth or just being a defeatise?

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This Blog Linked From Here The Web

This Blog

Linked From Here

.The Web

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Showing posts with label Education - Financial - Building Wealth. Show all posts Showing posts with label Education - Financial - Building Wealth. Show all postsTuesday, 28 December 2010

The same One Financial Goal since 2003

Same Financial Goal in 2011: Made no mistakes about it. Money must come from somewhere. You can either use MORE of your human asset to generate it or use MORE of your financial assets to productively generate more.

 

So when my money works harder for me; I work less!

 

 

 

 

 

Read? Work for money? Forget it. - Revisit

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[West_end]

As the saying goes... so caught up with earning money that he has no time to LIVE his life.

 

(money that one does not 'need')

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I don't like the ideas of getting into Negative Passive Income. Read on. The Story ...

 

Seems unrealistic. Make money while you sleep. While you spend time with family. While you're in your car, on your bike, or eating. Passive income is income that you "set and forget". Wow, passive income is so shiok!!!

 

Rental income from properties can be the biggest form of passive income you can generate. It can also be the most detrimental to your work free lifestyle and can lead you down the road for another 40 hour a week drudgery if you ever fail in your property investment.

 

What is Negative Passive Income?

 

Recalling from Part 1 ....

 

For 30 years mortgage loan, you probably spent the 1st ten years paying more interests to the bank and little on equity.

 

Negative Passive Income happens when your monthly mortgage payment exceeds your rental income or no rental income.

 

If the current recession prolongs for another few years and the property market continue to fall further. Rental is going to drop drastically, and in the worst case, the property may remain vacant for sometime.

 

A better way for passive income generation through property is not to start with any passive income at all, but removing any negative passive income.

 

Getting out of debt is the first and hardest part of generating passive income and long term wealth

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Business Leverages And Personal Leverages.

Share Are business leverages very dangerous and disastrous to the business owners and management?

 

 

I don't think so. The fallout from failed business leverages will cause companies to go bankrupt and are limited to the shareholders' fund. The impact to the company is Management and Staff are to find new job elsewhere.

 

 

But, fallout from failed Personal Leverages may go beyond your personal bankruptcy and may cause severe financial and psychological damages beyond yourself and can be extended to your family and your next-of-kins.

 

So beware! Leverage is a double-edged sword! And don't always think that you are so smart in using OPM (Other People Money).

 

 

You can ask around. How many people will believe that they could be striked by Lightning?

 

Yet, when you read the newspapers, cases of people struck by lightning is not that uncommon hor.

 

 

 

 

[SimonTan]

Those either have enough money or are resigned to being poor.

What is so wrong to chase the last $100,000?

This story may use the $100,000 figure.

What if someone said what is the point to work so hard, to spoil your health, and neglect your family just to work 12hours shift wiping tables just for that $1000 month salary?

I think it's Better to have a dream and work towards it...be it $100,000 or $1000.

 

 

 

Money means something to someone, but it is not everything to everybody.