As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 22 March 2013

Retirement Income for Life??? (11)

Read? Retirement Income for Life??? (10)

Know Your Monthly Family Expenses!

How does Uncle8888 know that he will likely to have enough retirement income for life?

He has been tracking his monthly family expenses for five persons since Jan 2001 when he realized that to reach the Edge of Financial Independence he has to know his family expenses.

One easy way of maintaining records is to dedicate one bank account where all expenses are charged and doing inter bank fund transfer. At beginning of each month, we just need to download the bank statement and copy and paste into our Family Expenses Tracking Microsoft Excel Worksheet.

Uncle8888 knows his expenses. How about you?

No comments:

Post a Comment

Related Posts with Thumbnails