Passive income is Good; but don't ever forget about Uncle8888's Wealth Formula Wealth = Asset value + Cash flow Our cash flow can be in any form.We must have emergency and medical fund available too. And never ever need to liquidate any of our asset during market low.Never ever!!!
Can you see what is Uncle8888's thinking?
Earned income from employment and sometime got f...ked by bosses or customers = ACTIVE
Earning (not yours yet) from investment; but sometime got screwed by Mr Market; but okay lah. No f..king by bosses or customers = PASSIVE
Uncle8888 can count his earned income till Dec 2014. It is already known and can be countable. Earning from investment is marked to market closing price at last Friday. See the difference. Predictable vs Unforecastable
Honestly, you tell me! You want more of what? Earned or Earning? Active or Passive? Tell me!
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.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.