They chose financial independence over home ownership.

This is somewhat extreme but watch how this Canadian couple chose financial independence over home ownership.  They are in their 30s and,...

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AK's letter of encouragement to his readers.

Saturday, May 14, 2016

I wrote a reply to an email from a reader but I think it could well be a letter of encouragement to all readers of ASSI.

So, with a few changes, here it is:

"Dear readers,

"Knowledge is power and self knowledge is the most under rated. If you understand this and if you have greater self knowledge, you will become stronger. We are all different and have different circumstances.

"Sometimes, people are encouraged and, sometimes, people are discouraged by AK's achievements.

"Those who are discouraged might wonder how did AK amass his wealth and whether they would be able to do it too?

"There is a blog post (or a few) in ASSI on this. I shared quite openly. I think some will remember.

"I am sure everyone who invests in sound income producing assets will do better over time. Really? How can I be sure?

"Well, did AK expect that he would do so well today, say, 20 years ago? Honestly, no.

"I had an inkling of what had to be done and I set out to do it.

"Having a system that works well is important but luck is important too and I have been lucky not once or twice but more than a few times in the last 20 years.

"The Global Financial Crisis was unlucky for many but it was a lucky break for me, for example.

"If we do the right things, we are helping Lady Luck to help ourselves.

"Keep doing the right things and the right things will have a higher chance of happening for us."

Patience is, sometimes, the hardest thing on our journey to financial freedom.

Be patient.

Don't give up.

All in good time.

Related posts:
1. The secret to AK's success.
2. How did AK create a 6 digit passive income?
3. To retire by 45, have a plan.


FFE said...

Hi AK71,

I do hope that your readers understand your message.

The very thing that they dread, in this case a falling market, is the very thing that helped you succeed.

I could only think of two reasons why they dread it.

1. This is their first experience.
2. If it's not their first experience, then it's because they have not learnt their lessons.

What's the lesson to learn?

1. About themselves. Their fears and their motivation.

We need to be honest with ourselves and owe our mistakes. Acknowledge it and tell ourselves that we will do better the next time.


AK71 said...


I hope so.

Self knowledge is important.

Actually, it could be the most important thing we acquire in life. :)

RayNg said...

Self knowledge... know yourself?

If you know your enemies and know yourself, you will not be put at risk even if you have a hundred battles.

If you only know yourself, but not your opponent, you may win or may lose.

If you know neither yourself nor your enemy, you will always endanger yourself.

AK71 said...

Hi Ray,

Classic. Thanks for this. :)

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