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  1. u/cronies4life OP 1 1 day ago
  2. u/Jyuan83 1 1 day ago
    Wow he’s earning more than even AK71.
  3. u/Eifand 1 1 day ago
    Is it possible to learn this power?
  4. u/_IsNull 1 1 day ago
    TLDR. He bought his first property at 22 and overtime brought 9. This is near impossible for most to follow
  5. u/kwanye_west 1 1 day ago
    highly unlikely any bank will loan him enough for a property, not to mention he has to pay the downpayment in cash. at 22 no less? idk man idw to sound like sour grapes but we all know what this sounds like.
  6. u/real_timetalker 1 1 day ago
    He got his loan from the Bank of Mum And Dad, interest free
  7. u/crusainte 1 1 day ago
    You need to be rich before being rich.
  8. u/MadKyaw 1 1 day ago
    You need to have money in order to make money 
  9. u/lzackz 1 1 day ago
    Rich parents or huat in crypto/stock/option/lottery to be able afford the down payment at that age. Don't see any other legal ways...
  10. u/DuePomegranate 1 1 day ago
    It’s this guy. https://www.asiaone.com/money/singaporean… He became a very successful real estate agent first, and then also invested in real estate himself, including commercial properties, but also using his mum’s name and fiancée’s names to buy condos. I couldn’t stand to watch the video long enough to find out how much is really passive (not his agent commissions), what is revenue earned in other people’s names, and what is profit after minusing off various loans thar might be under his name, his business, and his family members.
  11. u/Durian881 1 1 day ago
    Wonder how he reports his taxes. IRAS will be pretty interested.
  12. u/_IsNull 1 1 day ago
    But you need to be 21 to be a property agent. I doubt he made enough to buy one at 22 unless he got so many connection to earn commission.
  13. u/DuePomegranate 1 1 day ago
    He did. It’s in the article and it was while he was still in uni. *Oh doubled down and within two years, was making headway in the field, grossing $500,000 in his second year, he said.*
  14. u/_IsNull 1 1 day ago
    I can’t load the CEA website at the moment. But based on the transaction record listed in https://www.sgpbusiness.com/persons/prope… It doesn’t really tally unless his income isn’t from commission
  15. u/DuePomegranate 1 1 day ago
    The guy sold 46 new condos in 3 years (plus additional resale ones). Google AI says that for new launch, agents still make 2-3% commission, but might have to give 30% to the agency as a newbie. He probably counts the agency's cut as part of his gross though. Doesn't seem impossible that he sold \~10 new condos (2M) in his second year to gross $500k. Maybe 2 of them were his mum and his fiancee lol.
  16. u/_IsNull 1 1 day ago
    But that’s the last 3 years. 2019, 2020 to be mostly HDB and only limited number of transaction .
  17. u/Varantain 1 22 hours ago
    He became a very successful real estate agent first, and then also invested in real estate himself, including commercial properties, but also using his mum’s name and fiancée’s names to buy condos.
    Hopefully they remain on good terms for life. I will _chio kao peng_ if a court case appears in the news because of a family dispute just to avoid ABSD.
  18. u/Common_Measurement47 1 1 day ago
    How did this guy get enough money to invest in property at 21!? And his first investment loss $$ still got buffer to bounce back and even invest in more properties? Sounds like a bunch of smoke and mirrors but what do I know? I'm not the $100k monthly income dude. I'm content with my humble DCA Vwra and chill.
  19. u/TheRabbiit 1 1 day ago
    I also wonder esp as the first part he says he started this investment because his family was in financial trouble? Money dropped from heaven to invest? Someone who watched the whole thing will have to enlighten me. The program title was so stupid I couldn’t watch past 3mins
  20. u/TheRabbiit 1 1 day ago
    My god cna. It’s rental income. There is a big difference. Mortgage payments mx costs etc not yet factored in. I have no doubt he is doing well though given the run up in property prices in sg. But this is not FI advice this is gambling
  21. u/EnycmaPie 1 1 day ago
    Small loan of a couple million dollars from rich parents. Is this really the level of journalism from CNA nowadays? "Take a look at how this guy with multi-millionaire parents who set him up for success is able to have a high level of income."
  22. u/jabbity 1 1 day ago
    Journalist kena smoked or don't know how to ask juicy questions. Embrassing.
  23. u/No_Progress4926 1 1 day ago
    Born in rich family or married to a rich.
  24. u/Remarkable-Court-551 1 1 day ago
    This fella is a real estate agent
  25. u/GreenWishbone7191 1 1 day ago
    Bro it’s a service CNA and other media outlets offer, you pay for them to cover you
  26. u/CutFabulous1178 1 1 day ago
    “I’m a millionaire!” Wow that’s amazing what happened? “Daddy loaned me $1million”
  27. u/kopinekos 1 1 day ago
    “Daddy loaned me $10 million”
  28. u/moonlight2099 1 1 day ago
    poor journalism from CNA.....
  29. u/Leather-Boss8744 1 1 day ago
    He’s a millionaire producer in PropNex. His commissions are in the millions per year. So in essence, he has a very high earning power and he channeled those earnings into assets. Bottomline: increase your income
  30. u/Archylas 1 1 day ago
    Ah yes The bank of wealthy mummy and daddy
  31. u/RexRender 1 1 day ago
    People aren’t interested in reading about “success” stories which aren’t replicable…
  32. u/Inner-Patience 1 1 day ago
    Going by this definition of passive income, which is ignoring all costs like mortgage interests etc, and not stating then ownership stake, then most of us here earn $18.5 trillion annually by investing in the S&P500 then
  33. u/IamPsauL 1 1 day ago
    Cool story bro, let’s move on. I rather listen to rich people that really start from nothing tbh.
  34. u/millenniumfalcon19 1 1 day ago
    Insurance and ppty agents should just be excluded from giving media interviews altogether, as a stigma
  35. u/GourangaPizza 1 1 day ago
    The vibes I had from watching this interview that it comes off as a ‘humble’ brag rather than an advice per se. Cringeworthy.
  36. u/snower88 1 1 day ago
    Hope CNA could do better in future, showing us that a poor guy with the character and perseverance could also be successful. Not some dude with unknown amount of money at age 21.
  37. u/Relative-Smell-7714 1 1 day ago
    Glad Sg-eans are scrutinising this hot take, not from a sourgrape perspective but from an inquisitive position. Always ask questions when it's too good to be true. At best, it's poor financial advice. At worst, you could be walking into a scam. As someone else had rightfully pointed out in this thread, if this story is entirely true and accurate, simple logic would indicate that this fella more than likely already has an extremely large base to begin with. There are too many gaps in CNA's reporting, and this fella sounded like he was humble-bragging rather than sharing genuine advice. These headlines do nothing but generate views and mislead people who are not that financially literate.
  38. u/cronies4life OP 1 1 day ago
    sour grapes
  39. u/DadAtHomeFire50 1 15 hours ago
    Kevin also made a video recently with a click bait title saying he makes $24k / mth passive income, but $21k is from YouTube, affiliates and ads. Up to you to decide if that is really passive income but if it makes people click and rage in the comments, it's all part of the plan for content creators. CNA producer of Money Mind also approached me for an interview but I declined. The content on Money Mind isn't good at all, compared to the series helped by Steven Chia and Diana Ser. Perhaps controversy that sparks discussion is the goal, versus good reporting.