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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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

Tuesday, 22 March 2016

What Is Frugality Really Look Like?



Uncle8888 doesn't spend MORE than his net earned income after tax as he has been budgeting for his yearly spending.

He will be spending his LAST year's bonus in according to the following year economic forecast. He has picked up this habit after 1998 AFC when his variable bonus for that year was zero and his pay were cut for the first time since he started working in Aug 1977.

Our bonus and pay can never be seen as safe!

When time is looking bad ahead; he will stretch his last year's bonus over the next two years.

From his monthly and yearly spending trend, can this be frugality too?

If not, what is really frugality?




1 comment:

  1. Ha! Ha!
    CW8888,
    If all your children can stand on their own 2 feets, why?
    Why still frugal on the same measure?
    YOLO, O. K.!
    ,

    ReplyDelete

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