That was a great experience shared from mom yesterday nite.
and make me more clear and understand on what should i do, what i need to plan on now and my future.
my new long term goal, new future goal, and i'm now moving a step forward closer to my goal.
She used to be poverty level and experienced the difficulty when she was young.
i understand the difficulty and the feeling about insufficient fund when u're really needed.
money is not everything, but nowadays everything related to money.
It's not so important on how much u can earn from your job, because u can't work for whole life
the important is how u can use the money to grow big money, instead of use the time to earn money.
We have to plan for our retirement fund, the lifestyle after retired, and the future goal....
without the plan, the fund, $$$$, all become useless.
so, passive income become an important role in this situation or even in the future.
A good passive income is greater than how fast u can earn.
we're not machine, program, or even system
in fact, we're human being, we can't work for whole life on every single 24hour.
yes we can earn as much as possible when we still young when we still can work
but when come to the worst scenario... jobless, sick, or even health condition problems,
we can't work, no work = no income. how bout our families? our children? parent? retirement fund? medical bills? heritage to the next generation? and so so so on........
Therefore, passive income become more and more important compare with active income.
it can be last forever, or even to the next generation, compared with active income.
Never ever put all eggs into 1 basket.
we can't focus and put everything (hope) on a single target, we have to split and separate the "hope" into different ways and different target.
A good investor will not put all "hopes" into 1 direction. they have to be a good judge of potential, patience, and discipline.
Mom teach me a lot on investment, financial planning, the truth in life
and i really appreciated on what she has done to us, pave the right way for our future.
I still got a long way to go to reach my goal, and a lot of things and knowledge that i've to learn from mom.
and i hope that i can reach her level as soon as possible.
+U+U+U+U
Cheers!!!
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