Me & My Money Series (Sunday Times)

[em2nre5u]

A rather ambitious chap. He wants to buy 10 properties to generate passive income of $40,000? Not bad, a 27-year old driving an Audi A6!

My personal opinion is that it's not a good idea to buy property in 2010, as prices are already sky-high.

Somehow, I feel his love for gems and watches may cost him a lot of money, even while he is getting a 25%-30% return on his business investment since 2003....

Mar 20, 2011
me & my money
Fitness buff maintains healthy bottom line
Young owner of sports supplements business already has a wealth of experience
By Lorna Tan, Senior Correspondent


Last year, NutriFirst generated $1.6 million in sales and its assets amounted to $500,000. Carrying 30 products under its proprietary brand, the firm now has about 10 staff and 20,000 online customers.

Last year too, he set up fitness portal www.FitnessSutra.com under Royal Wave Media, with an initial investment of $60,000, to market exercise videos.



It will be my investment in NutriFirst, an online store selling health supplements which I set up in 2003. I've invested about $100,000 to date and it has achieved 25 to 30 per cent return on investment per annum. My target is for the firm to achieve assets of $5 million over sales of $20 million to $30 million within five years.

How come this guy only mention sales and assets as targets? Normally pple give sales and profit targets...giving asset targets seems quite weird and meaningless...