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Property investing in 2019? Get inspired first. :)

Property investing in 2019? Get inspired first. :)

Like many people, I love to read something positive and inspiring to start my 2019. Here’s a compilation of inspiring quotes for property investments from famous people, except the last one. (That’s mine)

“Landlords grow rich in their sleep without working, risking or economising.” by John Stuart Mill, English philosopher and economist (Okay, property prices do not rise every day or every week or even every year but as soon as we stretch it over a longer period of time, the sum is usually positive)

“Ninety percent of all millionaires become so through owning real estate. More money has been made in real estate than in all industrial investments combined. The wise young man or wage earner of today invests his money in real estate.” by Andrew Carnegie – Scottish businessman and philanthropist (Again, with the current times, an internet start-up may earn more money and faster but most start-ups fail within first 12 months. Anyone has another ‘GOOGLE’ idea?)

“I made a tremendous amount of money on real estate. I’ll take real estate rather than go to Wall Street and get 2.8 percent. Forget about it.”  by Ivanka Trump (Yes… President Trump related… Her message is not aimed at Warren Buffett definitely…)

“Now, one thing I tell everyone is learn about real estate. Repeat after me: real estate provides the highest returns, the greatest values and the least risk. ”   by Armstrong Williams (Very bold claim indeed but as long as we are not entering property investment to speculate, then what he said is very true indeed)

“It’s tangible, it’s solid, it’s beautiful. It’s artistic, from my standpoint, and I just love real estate.”    by Donald Trump (He meant we can touch it, we would usually love the design to buy it too.)

“In any market, in any country, there are developers who make money. So I say all of this doom and gloom, but there will always be people who make money, because people always want homes.” by Sarah Beeny (Super true. Despite market transactions slowing down since end 2012 in Malaysia, I continue to see developers showing profits in their reporting to BURSA…)

“Owning a home is a keystone of wealth… both financial affluence and emotional security”.   by Suze Orman (Ever thought of having no roof over our heads when we retire? Or the need to pay rental every month when we no longer have any income coming in every month? She’s right!)

Once your property investment is successful, everyone said they should have followed you. by charles tan. (This has happened many times. Bought into a newer area in Penang, people asked why not buy the popular areas? Few years later when I sold at a good profit, they said, ‘I should have followed you.” Bought only high-rise units thus far in my life, people asked, why not buy landed, it’s more secure and higher appreciation. After I sold my high-rise in Kelana Jaya for more than double the price, they said, “Wah, high-rise also can rise so high?” I rest my case…)

Happy enjoying your weekends everyone.

written on 4th Jan 2019

Next suggested article: 6 reasons to avoid property investment

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