Richmond Dinh
👤 SpeakerAppearances Over Time
Podcast Appearances
Awesome.
Because I don't want to do with the money.
They're good at doing what they do, but not investing.
Yeah.
Yeah.
100%.
Yeah.
Yeah, I've made a decision to not even focus on investing anymore.
I've even stopped the whole property game.
Yeah.
I mean, the last property I bought was about probably four years ago.
So I made a lot of mistakes and I'm not going to stop investing in property.
But for me, I realized that if I just focus all my energy on one thing, which is business, then it's going to be high ROI.
For example, you could buy a $500,000 property now and if it goes up,
Every 10 years, on average, it doubles.
So in 10 years, that $500,000 property will be a million.
In another 10 years, it'll be worth $2 million.
And so 20 years, your 500K investment is worth $1.5 million extra in 20 years.
And if it's cash flow positive, then you're lucky.
But most of the time, it's not.