I want to leave behind something for the kids,…

However, think about it. Do your children really want the property that you bought? And even if they do inherit it, will they want an older home or one which might be newer? I think most will choose the newer.

You put in your blood, sweat and tears to stretch your finances to pay for a freehold property to leave behind for your kids but they may not necessarily appreciate it the way you do.

If you had 2 options.

A) Imagine you took on an EXTRA $1mil loan to pay off for the next 30yrs at 2%pa on average so that you can buy a freehold property. You would eventually pay $1.322mil dollars!

B) Instead, what if you could still leave the $1mil for the beneficiaries, but you only paid about $200k? Wouldn’t you have less pressure to fund the extra $1mil and have more freedom to spend how you like? And your objective of leaving $1mil in value to them will still be fulfilled, with less complications of ABSD and transfer fees etc. And they can pick and choose to buy their own new property for themselves!

Which would you prefer? A or B?

As you progress in life, so does your decision…

When you had little to start with, there was only one key objective – to survive, to have sufficient and stay alive and ensure that the income continues so that you can pay your bills.

As you progress and do better, you have more income, more wealth, more options and things begin to look more complex. How do you ensure that you do not pay too much for taxes, not pay too much for interests, diversify your investment portfolio so that it all does not go to zero, and where else should you park your funds for what purpose?

Isn’t it ironic that when you have more, your life looks more complex, with too many options? And due to this reason, you wish that you could simplify your wealth and life so that it minimizes decision making!

Wouldn’t you wish you could have more Clarity, which helps to cut through the noise and the clutter, especially when managing larger incomes and larger amounts of wealth? That is where our value comes in, as we are equipped and designed to manage large amounts of wealth, while taking less risks and extracting better value over time.

How do you create more time?

Time will just fly past and we will no longer be able to get it back.

At the beginning of 2024, we decided to go for a long trip holiday and my intention was to be able to spend good time and create memories for the family. So with intentionality, we booked the trip way in advance, almost at the beginning of the year.

🎯 As an entrepreneur and high income earner, work time is precious to you and sometimes, it may be hard to take time off and we leave it to the last minute to decide. Even during the trip, it is hard not to open emails and check on work. And when you get back, there are thousands of emails awaiting for you to clear!

🥂 Again, during the trip, I intentionally decided to not check emails and told my staff not to disturb me unless there is a big or urgent issue on hand. Having learnt from Dan Sullivan, time to break and enjoy is designed to focus on that with 100%! When I am back to Singapore to work, I do that with 100% focus too! So I did that and my wife said why am I not even posting on LinkedIn.

I said I wanted to soak in the holiday environment and be present for my family. (I am only doing this in the early morning before the family is awake, as I just feel inspired!) What have you done intentionally to create more time for yourself and your loved ones?

🎯 I have been “financial coaching” for the past 19yrs and those who have set their dream goals, stuck to their plan, remained disciplined, despite the market volatility, and had me as the one journeying with them, have a much higher chance of success in the best and worst case scenarios of their lives If you like to find out more how we do it to help families and businesses get to financial freedom, follow my posts and reach out and we can have an initial meeting at our cost, with no obligations.