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

Sunday, 11 September 2016

When is money is enough???


Will more incremental money made us happier when we are quite sure we have enough?

The greatest problem we faced even though we have millions at current value we still don't believe we have enough.

Few colleagues have asked Uncle8888 why didn't he delay his retirement to end of the year since his boss has asked for it and must die die retire at Sep 2016.

Uncle8888 as stubborn Ant will just stick to his plan which has been planned many years back and that goal was repetitively communicated 10 years ago to few close colleagues that they would see him retiring in 10 years time @ 60.

This goal setting and communication of goal is what he has learnt form this book: Think and Grow Rich. That Goal has also motivated him to read up many books on retirement planning, visit cyber space on retirement articles and then do all sort of calculations and simulations to build a sustainable retirement income for life model for himself and implemented it.

Now is the time to put it to actions. This by itself will serve as Real Person, Real Story case study for anyone who bother to build his or her own retirement income model.

Who still say planning no use since we can't control our goal and destination?


BTW, retirement from full-time employment can be voluntary or forced so it far better for us to prepare ourselves for voluntary retirement than to feel sad, frustrated and helpless when we are forced to retire involuntarily.


Better to be Ant than Grasshopper when it comes to retirement planning. Set Goal and plan for it!




3 comments:

  1. I concur and like this quote:

    "BTW, retirement from full-time employment can be voluntary or forced so it far better for us to prepare ourselves for voluntary retirement than to feel sad, frustrated and helpless when we are forced to retire involuntarily."

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    Replies
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      Delete
  2. Tell and do not easy but effective

    ReplyDelete

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