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!

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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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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.
Posted by Createwealth8888 at 14:12
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