Kristina Chang’s Post

Property investing can be one of the smartest and most lucrative things you can do with your money. However, in order to be successful, you need to have the right mindset. Too many people treat property like a lottery, thinking that they can just buy a house and sit back and watch the money roll in. But if you want to be a successful property investor, you need to treat it like a business. You need to be prepared to work hard, research your market, and make calculated decisions. Of course, there is no guarantee of success in any business venture, but if you approach property investing with the right mindset, you stand a much better chance of achieving your financial goals. So if you're ready to start building wealth through property, start by changing your mindset and treating property like the business it is. And don't forget to comment below and let me know how you're going! #property #realestate #wealththroughproperty #success #investing

Property investing can be one of the smartest and most lucrative things you can do with your money. However, in order to be successful, you need to have the right mindset. Too many people treat property like a lottery, thinking that they can just buy a house and sit back and watch the money roll in. But if you want to be a successful property investor, you need to treat it like a business. You need to be prepared to work hard, research your market, and make calculated decisions. Of course, there is no guarantee of success in any business venture, but if you approach property investing with the right mindset, you stand a much better chance of achieving your financial goals. So if you're ready to start building wealth through property, start by changing your mindset and treating property like the business it is. And don't forget to comment below and let me know how you're going! #property #realestate #wealththroughproperty #success #investing

My pride has often gotten the better of me. In the complex journey of life and the rigorous demands of business, the concept of sunk cost often comes into play, serving as a pivotal point in decision-making. Sunk costs are past investments that are irrecoverable, and the sunk cost fallacy occurs when these investments unduly influence our future decisions. 🔄 I've experienced this fallacy firsthand in various aspects of life, from stock trading and waiting in lines to running a business. Reflecting on my journey, I recognize the moments where my stubbornness to hold onto something, has led me astray. 💼 In the realm of business and running the bars, this fallacy has manifested most prominently. My determination, while fueled by good intentions, was anchored in several deep-seated factors: A Sense of Responsibility Towards Investors: I was driven by the desire to prove to my investors that I had exhaustively explored every avenue and left no stone unturned in my efforts. I wanted to honor their trust and investment in my vision, which made me reluctant to pivot or make necessary cuts, fearing it might be perceived as giving up too soon. Commitment to My Team: My team is my second family, and the thought of letting them down was unbearable. I held onto strategies and projects longer than necessary, hoping to preserve their jobs and maintain stability, even when signs pointed towards the need for change. Fear of Personal Failure: On a personal level, my identity and sense of self-worth was and still is intricately tied to the success of the business. Admitting a change in course was needed felt akin to admitting personal defeat. I was scared of facing the potential label of 'failure,' and this fear clouded my judgment, making it challenging to make objective decisions. 🔄 This stubbornness, a mix of responsibility, commitment, and fear, eventually led me into more challenging situations. It forced me to confront the reality of sunk costs and reevaluate how I was making decisions. 📚 Lesson Learned: The past is a place of reference, not residence. Our previous investments, be they financial, emotional, or time-based, should serve as lessons, not chains that we are stuck to. The courage to make decisions based on current circumstances and future potential, rather than being anchored to past losses, is a vital skill in navigating both business and life. 🔄 I share this reflection openly, hoping it might resonate and provide insight to others facing similar crossroads. #entreprenuer #lessons #singapore #sunkcost #fail #failure #entrepreneurship

The next generation is stepping up in family businesses, resulting in a growing number of business exits and sales. While this exchange of power can result in financial gains, outsiders may not fully grasp the profound emotional impact it can have on family members. Initially, there can be a feeling of financial security, newfound freedom, and opportunities for personal and professional growth. However, some individuals may rush into impulsive investments. Coping with the loss of their family business identity and the challenge of filling their schedules are also common struggles. Further, family dynamics undergo changes that may lead to distance or conflicts among family members. Effective planning for life after the exit, including financial security and future pursuits, can be crucial for a successful transition. #BusinessExit #FamilyBusiness #SuccessionPlanning #ExitPlanning

If you’re like most entrepreneurs, your family business isn’t just a job – it’s your passion. That’s why you’ve invested so much time and effort into growing your business. Now that retirement is on the horizon (or no longer an abstract, way-in-the-future thought), you’re turning your attention to next steps. More specifically, it’s time for a succession plan.

The average age of a millionaire hovers around 57 years old. While we often hear about young and successful entrepreneurs in the news, looking at the majority reveals a more nuanced reality behind the scenes. Building substantial wealth takes time, and success is a culmination of years of effort. While the stories of instant success can sound exciting, it's crucial to consider the broader perspective and recognize that consistent day-to-day efforts are what accumulate over time. At 1102 Partners we recognize that patient investing is usually a great course of action. We strive to design a wealth management strategy that not only aligns with your goals but also brings clarity and ease.

Are you trying to figure out how to break into real estate investing by yourself? Sure, you can absolutely be successful teaching yourself and doing it solo. But, having a coach and a group of other investors to help teach you concepts and strategies faster, bounce ideas off of, ask questions to and just help each other out as we all embark on this entrepreneurial journey is priceless.  DM me if you're tired of trying to figure it all out by yourself or if you just need someone to bounce ideas off of or ask questions to.

Here's a roadmap to ramp up your cash flow and edge closer to financial independence! 👇 Ever felt like trying to grow a garden in a desert? That's what aiming for financial freedom without cash flow is akin to. Without fertile soil, your chances of flourishing are slim. Many venture into investing to break free from the daily grind and embrace true independence. But first, crack the cash flow puzzle—it's your lifeline! Explore various avenues: land a higher-paying gig or take charge of your income through commissions or sales. Another route? Dip into entrepreneurship, amass equity, and witness your cash flow surge. Before dreaming big, lay down that cash flow groundwork. Then, focus on tackling high-interest debts and establishing a safety net. Only then should you delve into investments. But remember, how do you make more? Business! For property investors, think property-centred ventures. 🏡 Ever mulled over a property investment consultancy or a property management firm? Or how about dabbling in rent-to-rent arrangements to amplify your cash flow? It's all about strategic plotting. Don't leap into courses or chase glittering objects without a distinct strategy tailored to your circumstances. If you're already on your property investment journey, what's your cash flow game plan? Or are you still sketching out your route? #propertyinvestment #financialindependence #cashflowplanning

Last week, I spoke with two separate business owners who want to step away from their demanding roles over the next 5-10 years. Their gameplan? = Use their company profits to build a property portfolio 🏠 Ironically, both individuals have the energy and hustle now... but know it's not sustainable. They also shared their dreams of spending more time with their family, travelling around the world, and simply having more freedom. By using the profits in their company to build a property portfolio, they: 1. Avoid creating another taxable event by taking it out of the company as an income/dividend 2. Put their hard-earned money to work while focusing on their current priorities If you have money sitting in the bank and are eager to create a secure future by investing in property, feel free to send me a DM 📩 I'd be happy to chat more about how we can help. #propertyinvesting #businessowner