As a valued member of JPI we want to keep you up to date of our progress.
Please feel free to contact either Kevin or Sim if you would like more information or if you have any topics you would like us to discuss.
Interesting stats to date
- You are one of 8 members invested in JPI, thank you!
- To date JPI now owns 4 properties.
- To date JPI has received ¥1,072,000 in rent.
- To date JPI has raised ¥5,500,000 of investments.
Passed 200 likes on facebook!
Working to complete a series of complete new promotional videos
Employed an SEO expert to increase the online presence of Japan Property Investments
Kevin and I are excited to announce our second free to attend seminar, this time in Osaka. JPI has booked the U’s2 Conference Center, Fuji building in Umeda, Osaka. The seminar will begin at 6:30 pm on Thursday June 22nd, light refreshments will be served. The aim is to introduce the Japanese real estate market, JPI and to give potential new members an opportunity to ask us questions. If you know anyone that might benefit from this please ask them to email [email protected] places are limited and on a first come, first serve basis.
Click here to view flyer
The JPI Way
Each month in our newsletters we would like to share an article that we have either read or written that can help you on your way to financial freedom through property. This month’s article I read from an Australian Property Company who I have used their services quite successfully.
Successful, wealthy people do not just suddenly become rich and successful.
Success is a process that takes place over many years.
There are certain habits that are responsible for the accumulation of wealth over one’s lifetime.
One such habit is spending less than you make
I call it the living below your means.
Long before most wealthy people become wealthy, they make a habit of living below their means.
The following is a list of ten spending habits that will keep you in the poor house and prevent you from ever achieving financial independence:
- Charging ordinary living expenses on a credit card – If you are unable to afford meeting your ordinary living expenses and must resort to the use of a credit card to meet your monthly living expenses, you are by definition, living above your means.
- Accumulating credit card debt is the third leading cause of bankruptcy, behind a job loss (#2) and medical costs (#1).
- Spending more than 25% of your net income on housing costs. Housing costs include rent, mortgage, real estate taxes, utilities, insurance, repairs and maintenance.
- Spending more than 15% of your net income on food. This includes groceries and does not include prepared food. Prepared food is part of your entertainment budget.
- Spending more than 10% of your net income on entertainment/gifts. This category includes bars, restaurants, movies, music, books, gifts etc. Eating out and any prepared food you purchase is part of your entertainment budget.
- Spending more than 5% of your net income on car expenses. Car expenses include a lease, loan, insurance, gas, tolls, registration fees, repairs and maintenance.
- Spending more than 5% of your net pay on vacations.
- Spending any money on gambling. If you’re going to gamble it should come out of your entertainment budget.
- Going over the top on gift giving. Gifts are part of your entertainment/gift budget. Sticking to your 10% budget will prevent you from going overboard on gift giving.
- Spending more than 5% on clothing. Spontaneous spending is never a good idea. You need to take the emotion out of your spending habits. There is always time to plan and shop before your spend your hard earned money.
Maintaining a spending budget for various categories and getting into the habit of writing down everything you spend will keep you on the right track.
It will also open your eyes for the first time.
You will be shocked to find out how much you spend on certain budget categories.
And that’s a good thing.
Getting control of your spending is not an easy task.
Once it becomes a daily habit, however, it gets much easier.
As a member of JPI we know you have already learned these habits. Perhaps you remember when these habits controlled your wallet? Please feel free to share this article with those who could benefit from this knowledge. Let’s build a community of like minded people, as we always say, “invest together, grow together”
Have a great June!