Learn How the Rich Think to Be Rich
Welcome to the 103rd Issue of Weekly e-newsletter by www.HousingLoanSG.com This week I like to share with you "Learn How the Rich think to Become Richer!"
Learn How the Rich Think to Become Richer!
As you might know, I wrote the First Chinese/English (Bilingual) Book on Personal Finance in Singapore, entitled “Mastering Your Personal Finance”. This book is now available in major bookstores such as Popular, Kinokuniya, Times, MPH and Page One. It is a 255 pages book. Some people asked me what did I write in the book, today I’ll share just 1 page from the book so that you can have a “flavour” of it.
This book is sold at book stores at S$19.90. You can get order and pay for the book online for S$15.90 (using credit card) and we will mail the book to you (without any charges) within Singapore itself. You can buy the book here:
Within 1 month's time, my book, Mastering Your Personal Finance,"如何做个理财掌门人", the First Chinese/English (Bilingual) book on Personal Finance became the No. 3 Best Selling Book in Popular Bookstores in Singapore!
See the link here: https://www.popular.com.sg/jsp/product/list_product_by_top10Charts.jsp?vca001=660
The Rich think differently from the average person. Let me share with you what are some of the ways they think differently with you.
The average person likes to DIY, the Rich likes to Leverage on Others
Many people like to DIY (Do It Yourself), they like to do everything themselves, and when they meet with problems, they tend to seek friends’ opinions.
However, they don’t realize that if your friends have NO expertise on the problem you’re seeking their opinion on, the FREE opinion given can be the Most Expensive opinion if it result in a Loss for you!
The Rich knows that they are not “almighty”, they cannot do all and be all. They would rather Leverage on the knowledge/experience of Experts. They know that if they spend S$1,000 on consultation fees, but in return they might save money and time and hassle by consulting experts, the fees paid are worth it.
The average person queue Up to deposit money in the bank, so that the bank has money to Lend to the Rich, to enable the Rich to get Richer!
The average person keeps most of their money in the bank, without realizing that if they earn 1% interest on their deposits, less than inflation rate, in the long run, they will only become poorer and poorer, not richer.
The Rich knows how to use Good Debt WISELY to become Richer. What is a Good Debt? Good debt is any debt whereby the returns you gain is more than the interest you pay on the loan. For example, if you borrow money paying 5% interest rate and you get 10% from investing the money, you gain by borrowing this additional money.
The common Good Debts are Housing Loans and Business Loans. The common Bad Debts are ALL debts on consumption! Please avoid ALL Bad Debts.
Note: above is just my personal opinion. This e-newsletter is not giving you advice.
How much do we charge for our service? As we're paid by banks separately, we have decided NOT to charge a fee for our service. Therefore, this service is FREE to you and you have nothing to lose and everything to gain by engaging our service.
Just call us at 6737 8801 or email us at info@HousingLoanSG.com if you're considering to buy a property or refinance your Housing Loan, whether in Singapore or in Australia and you want to make sure you get "pre-approval" of loan before you commit your cash.
Cheers!
Copyright year 2009, LEVERAGE HOLDINGS PTE LTD