More important things to buy when you have money

Eric Seto

16d • General discussion

I am not a materialistic person (can't say that about my wife and kids)

But I am not into fancy cars nor clothes.

Maybe the fanciest thing I have is my iPhone from 5 years ago.

So I always wonder - what's the purpose of making a lot of money? And what would I buy?

My friends around me would suggest a lambo

But I am not a big fan of that.

After months of searching, I've found what I want to buy - freedom.

Currently, my wife is still working as a Chartered Professional Accountant, which can be quite demanding at times.

It would be great if I can replace her income partially or fully to allow her to spend more time with the kids.

That's an expensive thing to buy

But also a very worthwhile thing to buy.

It will cost approximately the asset -> generate cash flow equals or greater to her existing income

Then she can enjoy the fruits of our labour.

Cheers

Eric

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Eric Seto

Chartered Professional Accountant (CPA)

Chartered Investment Manager (CIM)

Founder of 5MinInvesting.com

In May, I’m helping 5 people to become better at investing through Investing Accelerator.

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