How to reduce your forward stress over future volatile markets?
First we must understand this wealth formula: Wealth = Asset Value + Cash Flow
Asset Value is NOT within our control; we have to accept whatever asset value Mr. Market says so; but the level of cash flow can be managed by us within certain level of comfort to meet our needs and stretch our wants.
Who are you? Younger or older Where you were? How are you doing with your spare money?
Uncle8888 can forecast how badly he will be hit in the future and he is preparing for it.
Where you want to be? Create wealth or Receive sustainable income for life?
When we depend too much on it; we will by nature feel more painful when it is lost. But, when we can move farther away from this dependency; we will likely to feel less painful and less stressful over difficult times.
This is what Uncle8888 trying to achieve before reaching his 60th birthday.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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