Internet marketing had made me quite a bit of money.
But it wasn’t enough to make me a millionaire.
With the money I made online, instead of buying lavish cars, I bought small properties.
Whenever I had enough money for a downpayment, I would buy a property.
After the subprime crisis in 2010, property market in Singapore boomed and I made a killing.
I was lucky because I happened to have cash during the economy downturn.
Life was pretty much the same after making my first million.
Most of the money were locked in assets.
I was still cash poor.
But that was all part of the plan.
I went into property investment because it was in line with my goal of achieving time and financial freedom.
Like online business, income from property rental is passive, in the sense that I don’t really have to work on it every day.
But property investment has a much higher risk than online business.
For online business, the upside potential is unlimited and the downside risk is almost negligible.
For property investment, if you invest in a bad property, it is going to hurt your cash-flow for tens of years!
