Increase Your Worth

After berHari Raya from Monday 28 July 2014, I managed to meet many relatives, friends, and long lost friends for more than 30 years! Here are my conclusion about their mentality of wealth creation:

1. In general, most of them have done well in their life. A house, expensive cars, good family and carrier or business.

2. Most of them live in a big city or our own hometown.

3. While talking casually, we would like to talk about our past experience and how life is going on.

4. Not many people are interested to talk about property or wealth creation. Most of the time, information are in front of the eyes but they never bother to find out. Since, they don't have any information, they cannot see the trend. And without any opportunity to see the trend, they miss the opportunities in front of their eyes.

Although most of them are in (1) and (2), most of them did not take advantage of what they have. None of these people discuss seriously in property wealth. They cannot see the opportunity in front of their eyes. None of them have attended any property seminars! Their mind set, you have to be rich to buy more properties...which is totally wrong. Without knowledge, you cannot unlock the wealth within your possession.

These are some of the property related activities I managed to do:

1. What is the current and past values of the properties I have visited?

2. How is the traffic flow in the area my friends lives? Is it difficult to find the place they live? How long they have been living there? How do they go to work?

3. Most people are sensitive to tell what is their position in a organization. But, based on the job description, I can infer how high up their position is, how much is their salary, and how much stress is in their work. It sounds like I had became a shrink? Sorry, I am not a qualified one. I prefer to ask simple questions for ice breaking while trying to find the area of interest in a discussion.

4. I managed to discuss with a few relatives how they can increase their worth to the bank in order to buy a bigger house, generate more income and calculate the future risks.

5. I also managed to find a few interesting ideas to generate income in property market.

So, what have you done for the past one week? Well, in Johor, we still have another 3 weeks to celebrate Hari Raya. So, I still have a lot of time to do some information digging.