I am 43 this year. They say the life of a man starts from 40. Ahem… Haha. Every time people asked what would have happened if I could go back 20 years, I replied in terms of property investment, I would have have purchased more properties than today but in terms of working life, I am grateful for the opportunities given to me and the many coaches and mentors I have then and now and I think for this part, I want to just have the same. I am grateful. Depending on our age, it may yield different advantages.
Musang King season is over I believe. When it comes to durian, many wished they had thought of planting Musang King durian trees over 20 years ago. If they did, they could have earned many thousands of ringgit from just one tree every season. One tree could yield up to 200 durians (when they are much older okay and the planting was done right) Now imagine if they had just 16 healthy and productive Musang King durian trees? How many durian trees could be planted on a 1 -acre land? 1 acre could have 16 durian trees planted. Some readings here.
What about property then? If we are young, it gives us an advantage over older buyers. One major reason is because our monthly mortgage payment could be lower as it is stretched over a longer period of time. Another important reason is because we would have time to upgrade a few years after our first property and could then start our property investment journey on a firm footing; one home for own stay and one for rental income. Perhaps a calculation as below showing two buyers; one a 30-year old and another a 40-year old. Both buying the same RM400,000 property.
EXTRA for investments
Difference is over RM300 and what can this RM300 do? Well, every year, that’s RM3,600 which could have been reinvested into the stock market for extra dividends and that potential price capital appreciation too.
FATAL mistake is still fatal.
Let’s understand that if we bought the wrong property, it will still be a huge mistake. Difference is that younger buyers may just have time to recover many years later while older buyers would been disadvantaged versus these younger investors. So, do due diligence and not just rely on some Facebook free seminars yeah. I tell you again, if I know of any SURE-WIN properties, I will just buy and wait and maybe tell all my good friends and siblings, there’s no need to share with the world unless I also have profits from it…
Happy understanding and all the best.
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