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Lets talk about money! I am anxious, we asked for my parents to help financial with the new house. I felt guilty to touch more of their saving than we intend to. Also we will increase our weekly expenditure quite significantly once the mortgage payment begins.

Today we had a meeting with a personal finance planner, she advised us to sell the place my parents living in now and buy a property with higher rental yield. I understand the methodology behind her approach, its basically an aggressive way to turn your current asset into something value adding. also means we don’t pay tax to the current rental income.

However I don’t want to do this, as my parents are very settled in that place. I can not let them rent somewhere else and live temporarily. Their retirement is in NZ and they should enjoy the rest of the retirement here filled with days with Bella and to travel a bit more.

Also this personal finance company make more income from mortgage and insurance, its in their best interests to loop us in a bundle deal with our future investments. I am not very comfortable to be monitored and influenced by them for every step of my way towards financial freedom.

I love rules, structures and crave for stability but then sometime I rebel against stereotypes and “the money rule the world” approach. I am not sure this finance planner understand from my Chinese perspective how I need to look after my parents rather than using their retirement as my investment assets. My parents already helped me so much from supporting my overseas eduction to secure our property.

So I don’t think we will go along with this finance company. Also they know we have a big mortgage coming up and yet still suggesting the most expensive package on their service. I think they may see the fear in us approaching a life switch to paying a mortgage. But I have confidence in myself to figure this out. It will be hard and challenging, but with books to read and people to talk to, I think we will be alright.

After all I have been living overseas for almost half of my life, never once I got in trouble financially, I can manage my wealth and creating more. This could be a chance to push me to make more money in creative ways. Change is inevitable.