This amount of money was not made online, however, how he earned it struck me to share something that everyone should try to make an effort to do so if possible, especially from young.

Recently, he sealed a deal for an en-bloc sale of his warehouse unit (which was actually co-owned, but more on that later), and the deal that took 2 hours to finalise, pocketed him a very nice $350,000.

If you thought he must have been rich to have gotten the property in the first place, he was not. Having not enough money in his young teenage years (although with some decent savings) to purchase the whole warehouse unit, he took a gamble of sorts and struck a deal with his dad - which was to have a 20-80 share in the property, and that he would slowly build that to 50-50 with incremental payments to him with money he earned from odd and full-time jobs later on. On top of that, he gave up any possible rental revenue, and also shared in any other maintenance and tax costs.

Fast forward that to today, having now equal ownership in the warehouse, and with the current en-bloc property sale fever in Singapore, the property was sold recently which still gave him a nice profit despite the various sunk costs over the years.

While I am not an investment expert by any means, this got me to share 4 points that I felt would be useful for anyone wanting to make money, online or not:

1. Learn to invest as early as possible

It could be something as simple as saving your money in a fixed deposit, or on a larger scale as property or stock investments, depending on how much you can afford financially. Also, spend some time to learn as many money making methods as you can, and determine which suits you best, in terms of time, effort, and monetary resources required.

2. Look for a win-win situation

The guy did not have enough financial resources in the beginning to fully own the property, but he approached his dad and struck up a deal. Even though his ‘partner’ was his own dad, he still came up with arrangements that took away as much of the risk as possible from his partner, and he still benefited on his end. If you always look out for your partners and clients, they will be more likely to deal with you on various level, and in the long run that can only be profitable for both sides.

This is also a key point in creating Joint Ventures (JVs) with other marketers and product owners, if you are in Internet Marketing.

3. It is never too late!

Even if you have not started, you can do so now! In fact, at this point in your life, you might actually be better financially and emotionally to explore investments with possible higher returns, despite higher risks.

4. Be patient

If the en-bloc deal did not come up, he might still be sitting on his property and not making any passive income from it today. But he was patient enough to understand that with the increasing surrounding residential developments, it would be a matter of time before the land on which the warehouse was sitting on would be attractive for developers.

As with any investments that you have, practise certain amounts of patience. Always evaluate the situation and status, and look for a long term return in general, instead of a quick buck.

While he is no longer a kid, but he started young, thought long term, built a decent ‘business relationship’, and was constantly assessing his investment and struck when the right opportunity came along.

In fact, it honestly never occurred to me that I had practised this when I first made the offer, but thinking back now, I thought it would be a good real-life example to illustrate the values of the above points. =)

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