John Lee - The Wealth Dragon Way: The Why, the When and the How to Become Infinitely Wealthy

1. Chapter 2
2. Chapter 5
3. Chapter 11
4. Chapter 13

Revised Edition

Copyright 2019 by John Wiley & Sons Singapore Pte. Ltd.

Published by John Wiley & Sons Singapore Pte. Ltd.

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First edition published by John Wiley & Sons in 2015.

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Library of Congress CataloginginPublication Data

Names: Lee, John, 1981 author. | Wong, Vincent, author.

Title: The wealth dragon way : the why, the when and the how to become infinitely wealthy / John Lee, Vincent Wong.

Description: Revised Edition. | Hoboken : Wiley, [2019] | Revised edition. | Includes index. |

Identifiers: LCCN 2018039783 (print) | LCCN 2018040906 (ebook) | ISBN 9781119533115 (Adobe PDF) | ISBN 9781119533108 (ePub) | ISBN 9781119533122 (pbk.)

Subjects: LCSH: Finance, Personal. | Wealth. | Investments.

Classification: LCC HG179 (ebook) | LCC HG179 .L4176 2018 (print) | DDC 332.024/01dc23

LC record available at https://lccn.loc.gov/2018039783

Cover Design: Wiley

Cover Image: sorbetto/DigitalVision Vectors/Getty Images

For Annika and Jennifer

Since we wrote the first edition of this book in 2015, we have come a long, long way, as individuals and as a company. We have both written books as sole authors. Vincent's book, Property Entrepreneur, was published in August 2016 and John's book, Business Hack, is scheduled for publication in October 2018. At the time of writing we are preparing to take our company, Wealth Dragons PLC, public through an IPO. We have launched a whole new platform called Wealth Dragons Online, which is set to become one of the largest elearning platforms for entrepreneurs in the world. We were all extremely happy to celebrate the marriage of John and Jen, and especially delighted to welcome their first child, their daughter Keira, into the world in June 2018.

We are very grateful to Wiley for the invitation to update this book and offer to publish the revised edition. We feel the overall message is timeless, but there are always new nuggets to add. So whether you are reading this book for the first time, or dipping into this new edition because you were a fan of the original, we hope you find much to inspire and motivate you to become a wealth dragon!

We're going to discuss why to become wealthy extensively in this book, so we'd like to start by asking you this question: Why did you pick up this book? We're guessing it's because you'd like to have more money in your life. We can definitely show you how to achieve this, but why do you want more money in your life? We're assuming it's so you don't have to worry about whether you'll always be able to afford to pay the bills. Why do you want to be free of money worries? Presumably so that you're able to spend more time and energy on the things and people you value. So, when do you want to start living like this? That's a question only you can answer.

We started Wealth Dragons in 2009, hoping we could educate people about wealth creation and help them realise their full potential.

Our specific expertise lies in different areas of the property business, but over the years we have explored other avenues of passive income generation and asset building as we have continued along the path of our own education. We pass on anything and everything new that we learn, that we believe will enrich the lives of others, in our seminars and educational programmes. We, like you, are constantly learning and growing. Since we started the company we have given countless seminars and have taught wealth creation programmes that are constantly evolving, all over the world.

One of our key ambitions has always been to reach as wide an audience as possible, and this is what inspired us to write a book. Our aim in this book is to give you, the reader, an overview of our philosophies about wealth creation, share with you our own personal stories, and inspire you to further your own wealth education.

Over the years we've received a great deal of positive feedback from our clients, students and business associates. We hope this book will also remind them of why they chose us and why they stuck with us.

While we have written the book together, with a joint voice for the most part, we obviously have our individual stories and thoughts to share. This will be clearly indicated in the text.

If this is your first introduction to Wealth Dragons, we hope it inspires you and gives you plenty to think about. Of course, it goes without saying that we would love to hear from you, and we invite you to come and meet us at a seminar sometime in the future. You'll find all the relevant contact details at the back of the book.

We can't wait to meet you when you're ready to become a wealth dragon!

We are indebted to so many people who have helped make and shape this book. First, we are very grateful to the John Wiley & Sons team, including Kimberly MonroeHill, Jeremy Chia, Gladys Ganaden and especially Nick Wallwork and Nazneen Halim, who championed the book from the start. For the production of this revised edition, we additionally thank Elisha Benjamin and Banurekha Venkatesan. To our families and friends, we extend our deepest gratitude for all their ongoing love and support. We wouldn't be where we are today without the hard work and support of our entire Wealth Dragons team, including our administration and sales teams, and our speakers, who all help make our business so successful and the daily grind so enjoyable. They are all a part of this journey, as they are the ones who really start the process of changing people's lives. We would also like to thank Miranda Leslau for all her expertise. But the people to whom we owe the greatest debt are those who have inspired so much of the material in this bookour students. They help us learn while we teach. This book is a testament to them. Many of them started out believing they didn't have choices in life. To anyone who has been told they can't achieve something, we have written this book to tell you that you can.