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 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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