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



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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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Saturday 3 September 2016

Retirement not an entitlement

 
 
 
 
Fully agreed with headline title!
 
It is not our government or our employer's job to secure our sustainable income for life!
 
Never!
 
It is we and ourselves to secure our own retirement.
 
We have to get our hand dirty to do it.
 
 
 
At recent corporate event; few of Uncle8888's past colleagues thought that his three children are all working and self-independent so that he can choose to retire @ 60.
 
But, when he told them that only two were working and self-independent and his last son has just started his first year University study this year.  Uncle8888 could see the expression of their face turning into some sign of unbelievable so he has to further explain that his endowment policy matured in March this year and his family doesn't need this sum of money from insurance for survival anymore. This sum of insurance money is re-deployed from family survival to his youngest son's University educational fund.
 
In another word; it is as good as all his three children are financially self-independent and has very little drag on him.
 
Currently; his monthly household expenses tracking and recording exclude his youngest son's personal living and university education expenses. It is tracked separately.
 
 
 
This is real person, real financial and retirement planning journey and story being shared.
 
The Power of Ant!
 
We don't believe in wishing thinking or dreaming!
 
We set goals. We plan and We act according but along the way we are adjusting, reviewing and refining.
 
No shame! Grasshoppers won't get it? Right?
 
At the end of day; we arrive in one piece plus more; and then we sing song and talk Male Chicken with Grasshoppers and celebrate our arrival. 
 
If we are not dead; then we are not late for the party!
 
 
 

9 comments:

  1. Uncle 8888

    How to explain these to your colleagues if they are older than you, and by older, they deemed they are more experienced than you when talking about such topics ?

    ReplyDelete
    Replies
    1. Think most will worry over financial burden of their children's university expenses and rather wait till their children complete their university study before retiring.

      Delete
  2. We are hybrid. Worry more first and then worry less later.

    ReplyDelete
  3. Yes, in today's society... totally agree that we should stop lamenting and plan for our own future.

    There may be a repercussion in ur article that the plan instead of "having" or "doing" more during young, it is instead : all dun wanna give birth nor even get married!

    ReplyDelete

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