Advice from Li Ka-shing: One of the Richest Men in the World

This must have left an impact on me as it was sitting in a Word document buried in one of my folders somewhere on my computer. Li Ka-shing, Asia’s richest man, shared his advice on how to build a rich life. I’m not exactly sure where I got this from as I had only copy and pasted the article without a source. Take from it what you will: I think there is always something intelligent to take away from a successful person’s advice.

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A Rental Condo as an Example of the Only Way to Think About an Asset

What determines the returns you receive on an assetI live in Vancouver. A perfectly true stereotype of people in Vancouver is that they are obsessed with real estate as an investment. People in Vancouver love to talk about how real estate is the best investment since sliced bread. Real estate can be a good investment, but it depends entirely on the price you pay. As a famous investor once mused: “at what price and on what terms?” What determines the returns you receive on an asset? The returns you receive on any asset depends entirely on the price you pay. Let me show you by using a rental condo as an example.

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Year in Review 2014 Edition

Screen Shot 2015-01-05 at 11.42.57 AMWell, I lied. I didn’t get around to writing or publishing those posts on why the news is bullshit and why I’m a terrible personal finance blogger. Maybe in 2015? Oh, and my plans have changed on where I’m heading in the new year with projects: it looks like email WON’T be how I go about things. What’s with all the flip flopping? I’ve been psychoanalysing myself and it’s actually quite fascinating what’s transpired throughout my thought process on where I am heading. Let me indulge you with my thoughts. Then, I’ll walk you through 2014 for Kapitalust.

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You’re the Average of the 5 Authors You Read

You're the Average of the 5 Authors You ReadYou know how they say that you are the average of the 5 people you spend the most time with? Well, as a major introvert and nerd, I spend a lot of time with books. I had surrogate mentors. Specifically, there have been 5 authors/thinkers who I have spent reading more than any others and they have radically influenced my mind. They have shaped my perceptions and sharpened my thinking. Don’t just assume it has to be the 5 people you spend the most time with: you’re the average of the 5 authors you read, too.

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I Can’t Even Think of a Title

I haven’t been posting as regularly as I have over the past few months. To be completely honest, I’ve been absorbed with reading more interesting things and trying to figure out my life. Blogging has not been a priority lately.

The holidays mixed with other priorities will mean Kapitalust takes a backseat until the new year.

However, I am really excited about a completely new project I am going to roll out in January. I’ve been getting bored hashing out personal finance posts. Honestly, there isn’t much to personal finance: if you can make money, live below your means, stay out of debt, and invest your surplus, you will do really, really well.

Wow, I just gave away the “secret” of personal finance.

Anyways, this new project will revolve heavily around my email list. If you want to be a part of it, make sure to sign up for the mailing list below.

I have the odd post here and there scheduled for December, like why I think the news is bullshit and why I am a terrible personal finance blogger. So it won’t be completely without amusement around here.