💵 My poorest moment: HK$20,000 in my bank account

When I was young, real estate was one of the common ways to be rich in Hong Kong

🏨 Because it is the only asset that you can have a high leverage on and you can refinance once your property increases in value (correct me if I am wrong..) 

(You can pay as low as 10% down payment and mortgage the rest) 

✍ There was this old saying

“Once you own 3 properties, you can retire” 一生三宅

🏠 One for you to stay and two for you to receive rental income

That’s why one of my goals after I graduated was to save enough money to buy a property

📅 I remember in my 4th year of recruitment, I finally saved enough downpayment for my first mini property

After paying all the fees including lawyers and agent’s commission, I remember my bank account was only left with HK$20,000 as my emergency fund

✏️ That was one of my poorest moment in my life

Yet because of having mortgage + responsibility 

💪 It also motivates me to work harder in life

Sometimes I wonder if having more responsibilities drives one to grow?

Or

Is it better to have no responsibility so you can take bigger risks and bets on yourself?

💡 How about you?

💡 What were some of the moments that motivated you to work harder in life or at your career?

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