Have you ever thought about how tough it’s getting for young people to buy their first home? Seriously… back in the 1990s, a fresh graduate could afford a terrace house. Today? Well… let’s just say things have changed dramatically.
I recently joined a discussion with property experts and here’s the truth: if you’re not prepared financially, buying a home can feel impossible.
Lessons from the Experts
1️⃣ Know the Game Before You Play
A powerful tip: property can bring both profit and happiness, but it can also lead to loss and financial stress. It’s not all rainbows. So before you jump in, understand the market, the risks, and the potential rewards.
2️⃣ Start Young, But Smart
Even if you’re 19, 20, or 21, it’s never too early to plan your financial journey. Don’t feel pressured by cousins or friends who already own homes. Focus on your strategy: save, learn, and invest wisely.
3️⃣ Don’t Let FOMO Drive You
Whether it’s property, stocks, or crypto, chasing trends without preparation is a recipe for disaster. always build your financial strength first.
4️⃣ Two Reasons to Buy Property
For yourself – your starter home, your safe haven.
For investment – to earn rental income or capital appreciation.
Whether you choose to rent out your property short-term (like Airbnb) or long-term (students or employees), strategy matters. And flipping homes for profit? That’s where the big wins can happen… if done correctly.
5️⃣ Property is Not Always a Goldmine
Here’s the reality check: many people buy homes expecting their value to skyrocket. Sometimes it does. Sometimes… it doesn’t. Property can be a financial monster that sucks your money dry if you’re unprepared.
6️⃣ Travel, Fashion, Gadgets… But Don’t Forget Property
It’s okay if property isn’t your passion right now. Enjoy life! Travel, indulge in fashion, tech, or experiences. But one day, you’ll realize: “I want to own a home.” And if you wait too long, you might regret not starting when you were younger.
💡 The takeaway? Plan your finances. Be financially literate. Learn from experts. Your dream home—or your first investment property—will come when you’re ready.
Start Growing Your Money Today! 💰
Speaking of financial planning, I’ve been using a wealth management app called Versa to grow my money. It’s super easy to use, and all products are professionally managed by AHAM Asset Management Berhad.
You can start your journey too! Sign up with my link and get RM10 once you complete these simple steps:
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Complete the onboarding steps.
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🚀 Start growing your money today and be ready for your dream home tomorrow!
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