A Property Investment is like an accumulation of Games

During university study, my friends and I always spent time to play Monopoly. I believe almost all the people in the world know this game. We spent hours during weekends to play this game. Somehow, I have the talent in this game. I may not always the one who won everything, but I hold the longest record who never became the 1st player who lost the game. I don't remember the exact duration but it was for months. In the end, I became the first person to lose because the other players gang up to defeat me.

This made me realize that in the real world, I can always be in a winning situation as long as I am not the first to lose. This can be achieved with careful planning and execution. And the most important thing is it is impossible for everybody in the real world to be against you unless you are really in a terrible situation. Even though Monopoly is just a game of chances, you can still put some effort to analyze the situation and hedge your situation.

As an amateur chess player, I did once won Boston, USA tournament in 1994 when I was in a long semester break. It was a tough competition. But, I have good friends who help me to strategize to prepare for the competition. In the end, I won the prize which was worth more than two months of my scholarship allowance.

These two games made me realized that a lot can be achieved especially in property investment if I can work in a group of similar minded people. We can exchange ideas, strategies, tactics and information. I can also learn from those who already succeed. Their ideas may no longer can be used due to changing circumstances or government regulation, but they are worth to be analyzed, modified if necessary and used when the opportunity arise. And as in any game, to begin is the most difficult part. But as you go along, more knowledge and experience being accumulated, you will be fine. The sooner you start is the better.

But remember, avoid being the first casualty. That is easy actually, always be frugal, calculative in your expenditure, and saves your extra income.