Had an interesting 1 on 1 last night. Mr A was actually 2 years my senior back in UM and we were actually from the same major, which was software engineering. Some summary of our discussion :
1. We discussed about his portfolio and retirement where he wants to double his property passive income to above RM10k per month in today’s value.
2. Grow his portfolio from the current RM2mil to RM7mil.
3. None of us are doing softwares today despite having a degree in software engineering hahahahah.
But Mr A here didnt really want to retire.
I ask him why and he told me that he enjoyed his job as a islamic based publication provider. The satisfaction that he got from doing his job is more important than money ( which is also not bad).
His sharing reminds me of the advise i learnt from Will Smith and Steve Jobs :
“Never do things just for money. I find that everytime I do things for the sake of money, I make bad choices. So its better to find what you love, and figure out a way to make money out of it”- Will Smith
“The only way to do great work is find what you love to do” – Steve Jobs
Hence why today, I prefer to outsource and pay others to do the things that I dont like or dont want to do.
I can save a few thousand bucks everymonth if i do everything myself but I will also be miserable because i dont enjoy attending to tenants whims and wants.
You see, I like buying and keeping properties but i dont necessarily enjoy managing them, hence why i had a staff that look after my props in the last 4 years.
This free up my time to do things that I enjoy or gives me better returns on the time I spent, like finding great properties for myself and others.
To me, no point having lots of money but unable to do the things we want to do. We should let money work hard for us, and not the other way around.
Hence why Mr A and myself today arent engineer making softwares despite having the degree. We might not have tens of millions in the bank, but we are comfortable, contented, and we are happy working on what we love.