Read? Self imposed limits: LP shares
Read? I want to be richer but ....
"I think for those who think they are not the privileged ones to save 500k, they should really scrutinize their limiting beliefs and break as many of them as possible. Test the limits of your boundary by taking small steps; you might find that these boundary cannot and will not restrict you if you do not wish them to do so." - LP
"The journey will definitely be accompanied by naysayers. People who say it cannot be done should not interrupt those who are doing it." - LP
Wise words. I think I should share it further .... Concepts, Believe, and Goals
Future Saving - Get Real!
Unless you don't get married or get married but no kids or get married with only one kid; and besides that also don't get caught in between needy parents at the top and hungry kids at the bottom.
I know what I am talking as I was there before with a single income to support a penniless father and a wife with three growing kids. More saving is practically out! As parents, we may find it extremely difficult to squeeze out expenses on our growing kids to increase savings.
An alternative is to increase earning by:
Look for a better paying job?
Work harder like a Rat in the office to try to move up the corporate ladder?
These are the options until one day I fully understood the Concepts.
Read? Money Mind and mindset (Re-visit)
Read? Your First $100K realized profit from the stock market? - (2)
Read? Earning More Than Your Boss?
Read? Freedom at 44
Read? Retire young, retire rich
Unlike some of you, every month or at least every year you still have fresh capitals coming in for investment but I don't. I really have little fresh capital incoming in other than those coming from CPF investment account. So my only hope is to compound my gains in the stock market.
Not much use even if you can fully understand the concepts and strongly believe it but without setting realistic Goals and track it; it may be harder to make it!
Read? Goals - Part 2
Read? Your Personal Investment Goals
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