Here is Uncle8888's advice to young ones including his own children.
The path to financial freedom for young ones shouldn't be the first path that you put in their body and soul into stock market and hoping to reach financial freedom via stock market.
You should at first put your energy and effort to attempt to climb the Corporate Ladder and get promoted under fast track. If you can succeed in doing that, your path to Financial Freedom is almost there with your $XXX,XXX or $X,XXX,XXX annual salary package and with some financial common sense on saving and simple investment strategies to beat inflation.
Your accumulated wealth over the years will be enormous.
However, the truth to climbing Corporate Ladder ...
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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