Staying employed may give us a false sense of financial security and we do not realise that being employable is uncertain as we age. We are likely to be the one to be retrenched and will start getting concerned whether we could then support our kids through university and have enough food and shelter over their heads. Some of us may already have witnessed some senior colleagues being sent off.
We need to have other source of passive income while currently being employed and working towards the goal of staying employed as an option and we are ready to be sent off when it comes.
Investing is one way to achieve this goal but it requires us to put in fair amount of effort and time to acquire knowledge, skill and discipline to accumulate wealth. We could start with any amount of capital and slowly add more capital as year passes by and through prudent investing to reach our goal.
Two good books to read: "Rich Dad, Poor" and "Secrets Of Self-Made Millionaires ". It teaches us how to accumulate wealth to achieve financial independence
STI Analysis — the next peak and trough ? (76) - Continued from STI Analysis — the next peak and trough ? (75) STI-N STI broke below 3rd Aug low of 2478.39 and this has practically invalidated one of the ...
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