On my 2019 goal, I plan to buy a real estate property to develop as a farm or a school. This goal I think is a long way to go. But I think, it is also important that I execute this right to get the most out of my money.
What I'm trying to say is that, the Philippines is in a bull run. Maybe perhaps, a very over extended bull run. I don't want to bet that its wrong and I don't want to bet most of my money that its right. What I want, is that to win on any kind of scenario.
For example, the bull run we are experiencing today, greatly increased my net worth. With due diligence and discipline of contributing a fix amount of my income 60% to index funds and the remaining to income producing investments, I realized that to take advantage of buying a real estate in the future, I should be prepared for the recession or the real estate bubble.
I think, we are encountering a real estate bubble in the Philippines. There is an oversupply of condominiums and homes. And I think, when this bubble burst, it is the time for me to buy my land or put up a school. Since this is the time, price of real estate are at a discount.
The plan now is to accumulate cash from here on, until the time recession happens. While still contributing to my index fund and income producing streams (they should never stop).
The challenge is raising enough cash to contribute the same amount of money to income producing streams and index fund and still have enough left over for the real estate fund for recession.
I am thinking of putting up another business. Since two of my friends have expressed their interest to start a business and have me as a partner. I think this is a good opportunity as well to earn more.
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