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Anonymous

26 May 2019

Property

How does a millennial save up enough for their first downpayment?

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Douglas Chow

26 May 2019

Chief Enlightenment Officer at Empower Advisory

Yeah that is the first obstacle to overcome. Douglas here. 2nd keynote speaker.

No rocket science here. A high paying job, or a good business of your own to accumulate ammo for the first downpayment. Maybe u can buy the occasional TOTO or 4D. you might get lucky. My Dad won some pretty big prizes there so I speak from experience. But I'm not suggesting you to become a TOTO/4D junkie!! It goes to support charities and our sports people, so it's not a bad thing really.

And pls avoid all the get rich scams out there. The internet and facebook is crawling full of such scams, out to rip u off. Stay alert. And sober.

A discipline to save up is key. It doesn't matter that you earn 10k/mth when your expenditure in the same period is 12 k. Cut down or eliminate unnecessary expenses like bubble tea, starbucks or clubbing. And no , you don't have to live like a monk.

You can always combine resources with trusted friends but make sure you have the same goals and agree on when to exit the investment.​​​
You can always connect with me via https://www.facebook.com/douglas.chow.908 or simply whatsapp/sms my company 24/7 hotline @83324283
Remember, plan your finances properly, don’t overstretch, do your homework and enjoy your property investment journey.
Regards
Douglas Chow

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