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



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.

Think Investing as Tug of War - Read more? Click and scroll down



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

Thursday, 25 April 2019

Workfare Payouts (3)


Read? Workfare Payouts (2)


 Statistically; Uncle8888 is counted as low income worker in Singapore who is supported by workfare allowance.

 Workfare for 2018 is $2,400

 $2,400 per year or $200 per month is enough for him to offset the following personal expenses :

 1. $60 monthly unlimited public transport travel in Singapore and up to JB City Square mall.

 2. $30 monthly 6 GB mobile data plan

 3. Up to $3.60 daily breakfast





Posted by Createwealth8888 at 21:31
Labels:

2 comments:

  1. Spur26 April 2019 at 08:40:00 GMT+8

    Not bad! :)

    Most important is helping to pay Medishield Life plus subsidise GST, on top of other GST rebates.

    Plus I think another $100 kopi money end of this year for workfare recipients.

    ReplyDelete
    Replies
    1. CreateWealth888826 April 2019 at 08:53:00 GMT+8

      Not bad. Incentive to walk about collecting token income and meeting daily 10,000 steps. :-)

      Delete

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