ASKING SEAN
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- Опубликовано: 25 июн 2024
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In this episode, I'm so inspired about what we will be achieving in the future which is to not be a burden for our family. That's the whole point of property investment. Not only we can be independent, there are high possibilities that we can support our future generation to achieve their goals.
As for the audience, I would suggest to move out of the house regardless of a new property or not. For the sake of peace of mind, focus, and privacy. Also I would strongly suggest to move away from the obsession of focusing on auction property as the cost of mistake can be too high.
Responsible parents should build and have their own retirement savings and property asset, and not to rely on offspring to sustain them at old age.
Yupe. Let’s strive for that💪🏼
Yup that's what we should be aiming for when we get there. But what will be the solution for now? Being sandwiched by both commitments, no longer working parents with insufficient retirement money n kids demands (plus savings for their future). Seems like looking towards a very dark end of a tunnel.
easier said than done. B40 are B40 for a reason
Din, thanks for daring to bring this up 😅.
And really good feed back by Sean!
Can feel the pressure definitely, I had the same thought as my parents are from a very humble background. Not well-educated, little to no retirement savings as they had spent all they made on us. They had little knowledge on financial planning with little money left for them to survive, let alone retirement. With a rather low starting point, I did blame them (I shouldn't have) and often bitter about my upbringing. At one point, about 50% of my income were gone to support my parents.
Fast forward to now, after my mum left me forever, and i'm glad that i've done my part to support and sustain her, though it was indeed tough then. Now no money can buy her back.
Din, like you said murah rezeki tolong ibu bapa, you've done well and keep up the good works!
I understand your pressure and I think the immediate problem to solve is your personal space. Find an affordable rental to recharge yourself or go staycation during weekends. It will give you a different perspective before you make your decision to get a second house. Owning a second property will divide your attentions because you need to manage it.
Make the decision when you have more confidence in your job stability.
Bro, very good job. Just do your part so that you have no regrets later and God will always help you in many ways. Dont forget to love yourself also and be happy. We can always change our plan a little to accomodate everyone.
Wow! Sean, u give wonderful advice both on properties as well as personal advice 👏 👍 😀
I'm doing my best:)
Good advice Sean!
As a parent, you have a ton of time to prepare for your retirement by compounding time and interest from stocks, property, gold, ETFs, etc. Especially if you are a boomer as it was much easier to accumulate and build wealth during their era. Despite all the time and opportunity available, if your best retirement plan is to depend solely on your children's paycheck, you have failed as an adult. Your children are not your retirement plan, likewise your parents are not obligated to pass an inheritance. Be financially responsible pls.
Just a short story sharing....
My uncle used to live at kampung. His son and daughter have their own families, some lives in city or stay at kampung. After my uncle retired, he have a saving of RM300k. He retired at the age of 55 and will keep boasting how rich he was to us and cant spend finish his money as he did not have any commitment anymore. (My inner heart voice is like 300k consider rich meh??) His mindset is like... aiyaaaa my son and daughter nonid me feed ady... Sumore they every month they got give me money spend... Nonid work la.. After a few years, all his money spent finish, maybe gamble. Moreover, his health condition getting worse and found out it was cancer stage 4 (passed away already). All he passed down are debts from medical and funeral fee. Not sure is generation or kampung problem, i always heard this incident from kampung or that generation. 🙁
Taking care of parents wholeheartedly will bring you god merits, good karma and success.
I agree. Thanks for sharing!!
Sean, nice watch by the way. Do you suggest to clear housing loan in 10 years ?
Never buy a place thinking you can stay or rent it out. Intention must be very clear. Safe play is to buy a subsale positive cash flow high demand rental property that can be easily rented out. It’ll be less stressful than buying new where you need to serve the interest payment before getting keys to rent out. Thereafter rent a landed house to stay yourself as rental is usually cheaper than paying installment for this class of properties.
This topic resonates so much with me and its so sensitive in Asian culture. BUT Not every parent has the financial literacy to plan for their retirement. My mum made a lot of money when she was younger but never knew how to keep them or invest them. It takes only 1 bad “investment” to wipe out all her wealth. I am still blessed to have finish my education with no loans but now she is stuck with a house in penang with her high monthly commitment of 4k. I sometimes wish that she had the financial literacy to make the “right move” so we are not stuck in this burden. Also she really see me as a retirement plan because she “spends the most on me” as a single child it stressful but i would like to take that’s blessed burden 😂
Can observe how our parents treat their own parents. I always feel sorry/pity for my grandparents seeing how they being treated by their children. Is it very bad I always wanted my parents to be treated the same way how they treated their own parents? Let them rasa sikit. But another side of me always has this dilemma feeling otherwise cause I don’t want this toxic thing happen to my next generation. Emotionally drained out 😖😭😤🤯😣😖😩🥺☹️😞😵🤮🤕😮💨😪🫨🫥😑 Haha mcm dah out of topic dah 😂
This hits home. I had the exact same thought. But having had some time to think it through, I realize if I don't start the change with myself, it will just be another toxic cycle (as we tend to reflect this to our kids too)... as Sean says, the "true success" for me is also to be able to give our children / future a chance to realize their dreams without having to worry about me when I get old.
Good luck to you reading this too!
Thanks for the great video :) I just want to ask what is your opinion on Sunway Alishan as I saw that you did not review on it haha :) thanks Iherng
Dean, my humble advice to you would probably is to find a permanent secured job. And earn as much as you can to have more breathing space financially. Then you decide what’s next.
Hi Sean, We are thinking of retiring in Malaysia next year, inshallah. My husband is not local so we are thinking about renting an apartment for about 3-6 months while trying to get his paper work ready. Questions - Is that such thing as short term rental?
almost at 100k !!!
The child cannot choose where he/she is born and who is his/her parent.
The couple who bring the child to this world has ALL the decisions.
Thus, the burden of responsibility is on the couple , NOT the child.
The couple cannot demand the child to feed them or take care of them when they aged.
The decision should be determine by the willingness of the child.
Sell the house and buy a dual-key unit. One for parents and one for his family.
Alternatively, don’t get married and remain single until both parents pass away. Difficult to be sandwich generation. You’ve to be financially well-prepared to take care parents and children.
I understand that very well sir. I been there, done that 😅
it really sucks seeing other people being able to rely on their parents financially and not having any doubts about having kids (due to not having any financial concens) when the opposite is true for yourself
@@VxHokage007isnt it ..haiz
curious to ask regarding about e invoice to the tenant. does that mean the landlord have to charge them on rental tax?
Hmm, let me find out more on this yea. E-invoice only applies when the total number is high.
Your feelings are your own or also your spouse?
Be as responsible and caring towards your parents for as long as you can. Regrets are nonsense if you make decisions selfishly.
Watch the video first please
@@iherng I was responding to the remark that " he has stress taking care of his parents and he's not even married yet". This remark denotes that he has already thought that taking care of them later might be a burden.
This is a recurring mantra within the young and it's worrying. Take care. Btw I did finish the whole 22.23 duration of the video.
Then may I suggest to have a clearer remark on your comment to prevent miscommunications:) Is it to the writer of the email or me?
Thanks for clarifying!!
@@iherng the writer of course! You are just the messenger asking on his behalf. I've been following your postings on new condos since Jan this year. Keep up the excellent job!
where can i find property club for investment?
bit.ly/3VmJixM this is the link to Far Capital. This is not my company, I’m just their VIP client because I bought 3 properties from them:)
Wow seems like someone wearing submariner hulk Rolex 😊
How will a B40/B1 gonna own 3 properties? Makan sudah susah
Malaysia is not only high income earners
Dean makes 15k a month, pay off the loan. Then pile up cash, in the mean time rent a apartment with wife, sorted
Your parents bring you up and take care of your children. Sacrifice had not price tag.
That is why i work fking hard NOW. never know when parents fall into big illness or need support
Yupe. The financial part is not hard. The hardest part is to pay for bills while having to be physically there for them as that takes time away from work.
I hope the audience read Sean's neutral analysis of matching the financial load, with the right property..ie a semi D is a luxurious.. I think we should not judge a son responsibility about his parents..at least he has still having courtesy to review on financial strategy to facilitate everyone in the family members...and parents growing older...matching the right property type..
BRICS
G7
😂
@@krisztinafoo27😅😅😅
@@PlanetXenornoph i know right .. 😅😁
@@krisztinafoo27 Brics is a future for Asiaaaaaaaaaa 😁😁
Sad to hear if you think your parents are a burden, a filial child should think it is an honor to able to care for their parents meanwhile still alive. Would you think your parents a burden when they pass on to you some inheritance?
Agree to a certain extenxt, but Responsible/Wannabe parents should know they are financially stable before having a family. The kids do not deserve to bear your remaining debts/wrongdoings
Parents should be responsible their retirement..
If one have financial burden how do they even take good care of their parents when they can’t even take care of their own family
When you were young and infant stage, you were a burden too.
But he is in between generations.
well if infants are a burden, then why did the parents have kids in the first place? The child didnt choose to be born
@@jeremynathan7 you dont go for vagina?
This is the kind of emotional blackmail I can't brain 😂 I didn't choose to be born, parents CHOSE to have kids. And when you do choose to have kids, you have the responsibility to make sure you can give them the best life possible.
Horrible headline...hope this is not your view.
Respectfully, I think you should watch the video
When your an infant you're burden too. I bring u to this world as my ROI. Without me, there is no u. KNN u didnt learn Pendidikan Moral b filial to ur parents. Ungrateful kids. Always b thankful
Lol unhinged comment
Did you even watch the video??
@trendgeneration9005 i hope your children leaves you, put you at old folks home at best 🥱🥱
You chose to give birth to the kid, the kid doesn't choose to be born. Thinking children is your ROI is so damn sick thought
All you think was having fun on the bed. ROI my head
Choose your parents carefully. I recommend Lee Kar Seng.
For those more tech enthusiasts, can try Bill Gates. I heard they are both very supportive parents. lol
How to do it bro? Elon musk still available ?
I recommend President Vladimir Putin 🤣🤣
Bijan and Ros
Donald Trump
Saudis Kingdom Mohammad bin Salman