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.

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.

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

Wednesday, 4 December 2013

Hey Uncle, How much is your passive income???



Just For Thinking ....


Is your passive income p.a. $XX,XXX or $XXX,XXX?


Tell you the truth!


Your level of desired passive income is not that difficult to achieve.

It is always relative to your Account Size!


Your Account Size has to come from higher saving rate from your higher earned income and/or combined with your Growth Dividend strategy when you really don't need that sort of liquidity from your investment cash flow.

Then, the Day wll come when you can hao lian your passive income in the Cyberworld!










11 comments:


  1. Passive income is not something that is so difficult to achieve once you have spent a few active years monitoring the stock market.

    Get it?

    ReplyDelete
  2. Agreed.
    But then to get "passive income' high enough to cover your daily living expenses is not easy. It is easy only (for me only) if i live like people earning only $2000/month for the whole household.

    ReplyDelete
  3. One sure way to build your perpertual life passive income is to use CPF SA.

    Top up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die.

    Minimum sum scheme http://mycpf.cpf.gov.sg/members/MinimumSumScheme.htm

    ReplyDelete
  4. "Top up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die."

    Unquote:-
    But how much per month? Can it covers your daily living and then some?

    ReplyDelete
    Replies
    1. Check out the amount here. https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/mss_cal.asp?prof=

      Of course, this CPF Life should form a partial retirement plan. One could build up more passive income via investment instrument.

      How much passive income is depends on one's life style.

      Delete
    2. Minimum sum = Not starving to Death. Right?

      Delete
  5. RIGHT!
    It's also mean GOV doesn't have to subsidize you too much. To keep you half alive is enough.

    ReplyDelete
  6. I started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years

    ReplyDelete
  7. I started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years

    ReplyDelete
  8. What ever the investment vehicles you choose, you must remember you must have staying power in the "Worst of Times; then may you prosper in the 'Best of Times"
    Shalom.

    ReplyDelete

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