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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Sunday, 5 January 2014

How boring 'secret' to being rich

invest, thesundaytimes, Jan 5, 2014


What is the secret to getting rich?


1. Born Rich

2. Marry Rich

3. Start your business

4. Climb Corporate Ladder

5. Climb Investment Ladder



Uncle8888 strongly agreed with 4 and 5.

Especially on No 4.

Climbing corporate ladder is the sure way to become rich.

Young people should at first attempt to climb corporate ladder instead of investment ladder.

Why?

In climbing investment ladder, your Account Size Really Matters!

Where to find your investing capital?

From your earned income and saving. Right?


Read? No Goal. No Aim. No Dream. You are more likely to end up as an Average in your 60s! (2)


The Hard Truth

Not all of us can succeed in climbing the corporate ladder.









By late 30s and early 40s; we should already know it.

We should then switch to climbing investment ladder by all means.


 
Investment Ladder
 
 

By then, we may have reasonable Account Size to climb investment ladder.

Get it?

Follow Uncle8888's Wealth Formula?


 












Posted by Createwealth8888 at 11:08
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6 comments:

  1. Unknown7 January 2014 at 19:23:00 GMT+8

    Uncle, you must be thinking of becoming rich every day to come out these fanciful stuff.

    At your age, you should learn to let go. At your deathbed, only your loved ones will be by your side. You cannot bring money to the grave.

    Regards,
    Gerald
    SG Wealth Builder (www.sgwealthbuilder.com)

    ReplyDelete
  2. Anonymous8 January 2014 at 10:58:00 GMT+8

    Ha! Ha!
    Actually, when we are living, we are always worry about running out of cash before running out of life. No matter at what age.
    Alas our worries almost always make us over react. Such that we are worth more when we die than we are living.
    In other words, it never easy to balance your living or anything in life.
    You either under or over compensate trying to balance anything.
    For me, looking at and imagine how the Poors live overdrive me into learning how to invest and safekeeping my money.
    i am always haunted by the images of people landing in the "poor house"
    And yes, i hate opic's politics and money politics.

    ReplyDelete
  3. Rolf Suey28 October 2015 at 01:00:00 GMT+8

    true if u r non entrepreneur in nature!

    ReplyDelete
  4. Rainbow6 March 2016 at 17:41:00 GMT+8

    Is there any blogs on how to climb corporate ladder? I will sure follow haha. :P

    ReplyDelete

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