 |
www.housingloansg.com
|
| View previous topic :: View next topic |
| Author |
Message |
Dennis Ng
Site Admin
Joined: 28 Nov 2005
Posts: 638
Location: Singapore
|
 Posted: Wed Mar 18, 2009 10:54 am Post subject: The Steps To Wealth are very simple... |
 |
|
Actually, the first step to wealth is Capital Gains, not to acquire Passive Income.
Just imagine, if you have S$100,000, and you invest in say, stocks to get dividend income (Passive Income). How much can you earn? At 10% dividend yield, you only earn S$10,000 in Passive Income a year, can that make you financially free?
Imagine if you focus on growing your S$100,000 to say S$500,000. And now earning 10% yield, would give you S$50,000 Passive Income, what a BIG difference?
And imagine, if you grow to S$5 million, just a 5% yield would earn you S$250,000 or Quarter Million every year.
The Steps to Wealth are found in the Cashflow Game itself. It is one reason why many years ago I learned Cashflow Game from Mr Bellum Tan, who learned the game directly from Robert Kiyosaki (The founder of Rich Dad Asia, and he's authorised by Robert Kiyosaki to teach Cashflow in Asia Pacific). Next, I started conducting the Cashflow game for about 2 years....and thereafter I started "playing" Cashflow Game in the Real Life.
I'm officially out of the Rat Race since year 2008.....Year 2009 would begin the next phase whereby I would start conducting full-day seminars to share with others what I learned along my journey to Financial Freedom....I want to be a Real Life Example to inspire others to take steps to Master their Finances.
_________________
Cheers!
Dennis Ng
http://www.HousingLoanSG.com - unbiased analysis of ALL Housing Loans in Singapore & Australia! |
|
| Back to top |
|
 |
Dennis Ng
Site Admin
Joined: 28 Nov 2005
Posts: 638
Location: Singapore
|
| Posted: Fri Apr 10, 2009 7:15 am Post subject: |
|
|
| williamlim wrote: |
Dennis, how to get sustainable 10% yield from dividends?
|
you mistaken my message. I'm not saying it is easy to get 10% yield. My message is the Steps to Wealth is Simple. Aim for Capital Gains first, only when a person attains a certain level of wealth, then one can consider investing for yield.
This is clearly illustrated that even IF a person can get a very high 10% yield from S$100,000, this person cannot retire and get out of the Rat Race.
That said. Currently, the Bear Market has given us a rare opportunity to buy many shares with high dividend yield of over 5%, or even 10%. If one looks around, it is NOT difficult to buy shares and get 10% dividend yield in the current Bear market.
One thing to note from history is Bear markets do not last forever, just as Bull Markets do not last forever...and when we see generally high dividends, it is a very clear sign that we are nearer to bottom than to the peak...
Something most people might not realise is that one does not need to "catch" the market bottom to make money. Using my own personal experience as an example, in the Previous Market Crash, I was early by about 1 year, having invested all my money by early 2002.
Despite being "wrong", I still made over 200% in the Bull Market that followed.
Most investors only make money when they are right and they are likely to lose money Big Time when they turn out to be wrong. While my personal strategy of "Market Cycle Investing" enables me to make money even when I'm wrong.
_________________
Cheers!
Dennis Ng
http://www.HousingLoanSG.com - unbiased analysis of ALL Housing Loans in Singapore & Australia! |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
