Li Ka-Shing teaches you how to buy a car and house in 5 years
therealsingapore.com
Li Ka-Shing teaches you how to buy a car and house in 5 years
1–10 of 82 posts
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#2Follow this and you will become a billionaire too?
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#3So:
1. don't be unemployed or under-employed (he clearly says it is your fault if so)
2. don't get sick, not mentioned anywhere what happens then, does HK have universal healthcare?
This sounds a bit like McDonald's financial advice to their employees
http://www.nbcnews.com/business/personal-finance/mcdonalds-f...
btw, this guy made his money by buying cheap real-estate and got lucky when prices went up:
http://en.wikipedia.org/wiki/Li_Ka-shing#Real_estate
In reality, Li went to school for a couple of years and then started working for a wealthy uncle (from the family that owns Hong Kong's Chung Nam Watch Co.). Subsequently he became part of an important subcategory of tycoons who got ahead, in part, by marrying the boss's daughter.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#4"Always remember to buy lunch for people who are richer than you"
I have spotted a conflict of interest here.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#5"Always remember to buy lunch for people who are richer than you" I have spotted a conflict of interest here.
Not to mention his ultimate paradox of spending money on others when you are poor and spend money on yourself when you are rich.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#6His pro-tip seems to be to get a 150% pay rise after 12 months.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#7Is this guy for real?
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#8"Always remember to buy lunch for people who are richer than you" I have spotted a conflict of interest here.
I think it is good advice. He says to do it twice per month, not everyday.
It sounds dumb in those words, but the concept is good. This can be as simple as saying ``lets get coffee'' and you buy the other person the coffee. It is a friendly thing to do and people like that. People don't forget when you do small things for them, like this.
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#9"Always remember to buy lunch for people who are richer than you" I have spotted a conflict of interest here.
In that same paragraph, I find it amusing calling those people "friends" when you are actually creating a connection with them simply because you want to extract value from it...
Re: Li Ka-Shing teaches you how to buy a car and house in 5 years
#10"Always remember to buy lunch for people who are richer than you" I have spotted a conflict of interest here.
Not to mention his ultimate paradox of spending money on others when you are poor and spend money on yourself when you are rich.
Apart from the impracticality of this advice, I found it strangely misanthropic. Essentially: "be generous now so you can afford to be even more selfish later".