How do different cultures approach investing?
"If you don't put in the hard work you won't gain the reward," says Hong Kong immigrant William Leung, as he comes on the Smart Property Investment Show to discuss how he took his experiences of immigrating to Australia back in 1988, and how he took that experience to drive it into his portfolio today.
William explains the Hong Kong and Chinese mindsets on investing and debt, the importance of a finely tuned spreadsheet and the importance of goal setting and cycles.
You will also find out why you should be conscious of the past, how to treat investing as a side business and the importance of loving numbers.
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Suburbs mentioned in this episode:
Strathfield
Guildford
Sydney
Mount Druitt
Chatswood
Bligh Park
Windsor
Runaway Bay
Queensland
Surfers Paradise
Berriedale
Tasmania
Ashmore
Bridgewater
St Marys
Richmond
Kippa-Ring
Related articles of interest:
‘No evidence’ Chinese buyers are driving up housing prices
A property investment success story: How this migrant found home in Australia
How a good financial team can add value to your property portfolio
More from this writer:
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Following the family tradition
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Strategies, affordable housing and increasing market opportunities
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How this investor learnt from costly mistakes
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From engineer to buyer’s agent
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How this investor made a career out of a hobby
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How is each property market really performing?
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Q&A session with Paul Glossop – more questions answered! March 2018