I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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Saturday, 27 November 2010

Money Management - What to do with your year-end bonus?

Tomorrow, there will be an article in thesundaytimes on Money Management - What to do with your year-end bonus?

But for me it is a different question - What to do with my last year bonus?

After experiencing my first pay-cut and zero bonus during 1997/1998 Asian financial crisis, and thereafter I have decided upon on this strategy - keeping the full current year-end bonus as reserve and spending last year bonus till the next bonus. In this way, I may not under-spend my money and to avoid spending away future money and I will be in better position to face the next  pay-cut and zero bonus scenarios if it happens.

Firstly, part of last year-end bonus is reserved to pay income tax. LOL!
Posted by Createwealth8888 at 10:00
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1 comment:

  1. Rolf Suey7 November 2015 at 23:10:00 GMT+8

    Superb idea!

    But it will be really surprising if oil and gas industry is going to pay bonus this year!

    ReplyDelete

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