The Long Awaited Upgrade. BMW?

Yesterday I visited a few auto dealerships in search for a second hand BMW 3 Series, and at the end of my search I found myself browsing the new cars and premium selections at Auto Bavaria, Glenmarie.

I’ve been driving the Toyota Vios for 6 years, and it’s high time to upgrade. When I get a new car, I will be passing on my current car to my mother for her errands and church activities in Johor.

Originally, I planned to purchase a second hand Beemer as for one, I am not a ‘car person’ and I know cars are liabilities; I would rather spend that difference on acquiring another asset, if not at least put a down payment for it.

After a day spent looking at cars, talking to the sales people and getting opinions from my friends who are knowledgeable with cars (and own luxury cars), I realize it’s probably better to buy a new one after all, or at least get a pre-owned car.

The frugal saver in me is screaming “this is out of my comfort zone!” and even though I can afford it, I cannot help but think if I should have bought a second Filipino property.

But what about the promise I made to myself when I was 23 years old? That I would have easily gotten a BMW while still in my 20’s. Today I have about a year left before I hit 30. Was I all talk?

In as much as I’d live frugally and do business guerrilla style, I can see that my current methods can only get me so far; if I want to graduate to the next level in business and make more profits than I am right now (I’m talking about DOUBLING and TRIPLING even) I will have to eventually forego my guerrilla methods and adapt and adopt a different style of playing the money game.

That means different thinking, and being less of a cheapskate.

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Visiting Auto Bavaria and talking to my friends who own luxury cars opened my eyes to some of the things I didn’t realize or thought otherwise – that there are still crazy heck LOTS of rich people among us here. I would think with the GST implementation, weakening Ringgits, and Malaysia’s economy performing worse than ever, most people would have been forced to downgrade their lifestyle. I can see the truly rich are on top of things again.

And I definitely want to ascend to the levels of the mega rich. This shall be the start.

So my game plan right now: 30% to 40% down payment for a BMW 3 Series (I’m eyeing the 320i or 316i), monthly repayment financed by my monthly memberships. Will work to grow business BIGGER and acquire properties so by Year 3 to Year 4, liabilities like the BMW can be financed by assets instead.

I am going to get down  to it in the coming week, after I at least check out what Audi and Mercedes has to offer for completion sake (might change my mind).

Bali Revisited

The last time I came to Bali was seven years ago. I came here again mainly for the Airsoft tournament; I didn’t think of visiting anywhere else as I thought I would be in the Sports Center most if not all the time.

But due to long waiting time and late start each day, Soviani Chandra insisted we visit a few other places.

We covered the Safari & Marine Park, Agrowisata Village, Monkey Forest, and one of the many temples when we were not at the Hall.

(If you’re wondering why I’m wearing camouflage in all the photos, I didn’t pack in enough clothes and I didn’t think I would be visiting these tourist places.)

Kejuaraan Nasional Airsoft

This was the most anticipated Airsoft event of the year for me. I flew to Bali, Indonesia to join the 3 day event, in what would become Indonesia’s first ever national Airsoft tournament.

Although I came alone from Malaysia, I would join up with two other members to form our 3-men team. Malaysia, Netherland, England… truly a multinational team indeed!

The format of the tournament is a 3 vs 3 match. We had advanced to the final day before we got eliminated, but for a team formed on the spot, using borrowed guns (in not so good condition I must add) and that half of the 23 teams present at the tournament are Special Forces, Regular Army and Police… I’d say we did a good job overall.

The organizing of the event still has a lot of room for improvement; each day would begin rather late in the afternoon, and with no strict schedule to adhere to we would wait for hours before our next match – and each match would end in minutes.

Even though we won no medal, I still took back a collection of team patches from the event, because I always make it a custom to exchange team patches with every team I come across.

My collection swelled yet again… and it is still my dream to get in US and Europe team patches into my collection!

More on that next year…

 

DBA Surabaya Live

Easily the best event I’ve been to this year!

I’ve been to so many seminars – as speaker and attendee – and only few were very memorable.

Earlier this year, I was invited by Suzanna Theresia to be one of the 15 main speakers for her first and upcoming event called DBA Surabaya Live (DBA stands for Dream It, Believe It, Achieve It).

The cool part? My flight and hotel accommodation were all-expense-paid-for! Usually I pay my own when flying out, but I suppose this is part of the perks of helping a client with her launch successfully. 🙂

I enjoyed sharing my experience as much as learning from the Indonesian ‘mastahs’ and forging friendships and JV partnerships throughout my week here in Surabaya. It also reminded myself and some of the friends I know from years ago how far we came as entrepreneurs from humble beginnings and as a person.

Oh as an added perk: I even got to meet some of Indonesia’s celebrities and top names!

This was made possible by Suzanna and her amazing Shavout team. I hope we meet again next year and live up to the same level of energy, preferably higher.

Makasi semua mastah dan para hadirin yang mengunjungi acara ini.

DREAM IT. BELIEVE IT. ACHIEVE IT!

My First Property Investment – And It’s Overseas!

I didn’t think I would come to Manila again so soon. Between my long drive to Kuantan, Pahang for Tone Excel’s Anniversary Dinner and the ‘most look forward to’ event of the year, DBA Surabaya Live, I wasn’t keen on squeezing in this trip to the Philippines in the short notice.

If not for the prospects of investing in property there.

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In the last two months, I had been reading up books and any material on real estate investing in my off time, and viewed a few properties here in the Klang Valley for starters.

Sometimes I damn myself for not coming to this realization sooner. When I bought my houses in 2009 and 2012, I was so put off by the paperwork and tedious process – and weighing against my Online Business that is making money in US Dollars – I decided investing in real estate wasn’t worth the time and effort.

I’ve changed my mind.

I came to realization that even though I’ve been fortunate to run a successful, profitable online business selling my digital products for a decade already – who’s to say what will happen in the coming years?

A Facebook Post from a fellow online entrepreneur, Andrew Fox, caught my attention some time ago. He suggests buying properties for long term investing and cash flow despite running successful businesses. Paraphrased, “Which one do you think will have a higher chance of being around 10 to 20 years from now: your online business, or your property?”

I’ve ran this scenario many times in my mind if I were to be gone tomorrow – will my mother and sister be able to figure out my work and take over from here? How long can the sales I generate today last?

That decided it. Suddenly the paperwork and tedious efforts don’t seem so bad now.

Throughout a series of events and connecting around, I was able to get into this property investment tour to Manila, organized by Gerald Kong. The group consists of 6 people, a joint Malaysian/Singaporean group.

Three days in Manila with most of the action happening on the second day, we hopped from one location to another – checking out properties to consider investing in. Just as important, we did our homework and studied the environment and the people.

In the company of men old enough to be my father and so loaded they can buy floors of units, I was the rookie asking noob questions.

After coming back, I’ve put the down payment for my first property for investing… overseas. This shall be the first of many!

 

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As I am writing this, the exchange rate is now $1 = MYR 4.3. I am more fired up than ever to continue crushing it online with my launches and promos, thus enabling me to save more for investing in properties (something I should have done 3 years ago instead of buying house for own stay but oh well, learn something new everyday)

Flying back gave me ample free time to day dream. I don’t know if I am crazy for dreaming this – and I don’t know how I am going to do it (yet) – I love the idea of having a 100 properties before 40.

No resting on laurels!