I was doing a read up on Robert Kiyosaki and came across this quote – Wealth is determined by what you do in your spare time.
And I can’t help but have share this here immediately. Because this is one powerful statement that have a big impact on one’s wealth (your wealth!).
I repeat, wealth is determined by what you do in your spare time.
This reminded me of a recent conversation that I have with my colleague. I wasn’t very close to her but I guess my reputation on financial management and investing has a certain reach, that even she knows of my money adventures.
I was mentioning to her how I spent my after work hours doing stocks related homework etc. I must have sounded like a lot of work because she asked me a question very casually – Don’t you find it very tiring to have to do all this after work?
I don’t think I gave her a very elaborated answer at that point of time. Of course, it takes a lot of effort to do everything that I had done. But this quote really says it all for me. When I unknowingly started on my money, investment and education path about 5 years ago, I just did and tried practising what I had learnt even though I didn’t really have a clear plan. Of course, I was interested in this topic (money talks always excite me *v*).
3 years down the road, as I kept practising and learning, I became more proficient in the process of stocks investment. And when asked, I would give some advice on how to get started to my friends who haven’t started on their stocks investing journey but wish to start and didn’t know how to.
Today, other than being able to review and plan my own portfolio, I can help a totally ignorant person who wished to get started on stock investing to have a more clearer picture on what stock investing is about, how to go about doing it, and more importantly, having a clear action/criteria plan aim at achieving long term passive income, balancing both risks and returns.
I’m proud of this! But how did I ended up being able to do this? By spending my spare time on it. For those who decides to spend their spare time learning and practising, this will determine their wealth for them too. The results will show.
