When Its Totally Ok To Be Defensive (Part 2) | Richard Tan Success Resources

Page 1

WHEN ITS TOTALLY OK TO BE DEFENSIVE (Part 2)


Protecting Your Assets Real estate, precious metals, and certain value investments can be stores of value. This means that even if their price varies significantly, they rarely or never lose all value.


Protecting Your Assets

Unlike currency, the money in your pocket, stores of value can never be created out of thin air.


Protecting Your Assets Right now, governments around the world, not just the US are printing money in greater quantities leading to increasing inflation and costs of living. It’s not like things are getting more expensive, it’s just the value of the money you have is slowly being eroded.


Protecting Your Assets

So, if you’re investing in these assets, your hard earned money will be protected as its value will rise along with inflation.


Protecting Your Assets Even in a worst case scenario of economic collapse and hyperinflation as we saw happen in the Great Depression, the value you have “stored� will never disappear.


Stay Relevant The world is changing often faster than we can keep up. Just think, 20 years ago, every “modern� device from CD players, radios, computers, VCRs, game consoles, TVs, and phones now all fit in our pocket in one device.


Stay Relevant The most valuable thing just a couple years ago used to be information. Today, in the age of “information overload,� the most valuable asset is FINDING the RIGHT information.


Stay Relevant There’s so many business and investment strategies, formulas, and techniques out there, it takes a lot of skill to sift through all the garbage to unearth the gems hidden there.


Stay Relevant And once you know how, you need to constantly apply what you learned, practice it, and master it. Our attitude has to be one where we embrace lifelong learning and retraining to stay competitive and relevant. If you stop growing, you’re dying.


Invest in Future Generations

Among all the investments out there, the best you can make is in yourself and your kids. None of us would ever want our children to carry the burden of debt that we leave them.


Invest in Future Generations

If anything, we want our legacy to be one where they learn to provide for their own financial future, to understand how money works and never have to worry about money.


Invest in Future Generations Not because you’re leaving them a huge inheritance, but because you’ve given them a strong financial education and an entrepreneurial spirit to dare to attempt great things in the world.


Invest in Future Generations Even if you don’t have kids of your own, we’re sure you know a young person out there who can benefit from your experience and knowledge you have right now.


Success Resources Pte Ltd Main Office: 10/11 Pahang Street, Singapore 198611 Toll Free: 1800 7822 377 Direct: +65 6299 4677 Fax: +65 6295 2441 Email: info.sg@srpl.net Website: http://www.srpl.net


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.