As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Saturday, 19 September 2009

Your Lifestyle and Your Children's Lifestyle

Your Lifestyle and Your children's Lifestyle may be completely different and may have serious impact towards your own Retirement Financial Planning.

You can be very cautious and track your expenses carefully and save as much as possible; but sadly and true fact of life, your children's lifestyle may seriously counter or slow down your effort towards accumulating wealth for the retirement fund. Your children may find it difficult to live your kind of lifestyle and you may have no choice as most parents are willing to spend more on their children's lifestyle out of their love for children.

So do consider your children's lifestyle when doing your own Retirement Financial Planning and make more provisions for higher expenses till they start making a living for themselves.

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