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.

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!

Currently; it about 54% to destination!

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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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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
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Sunday, 28 February 2010

Daring to dream big - Sometime we may need a pinch or two

The two biggest wild cards that will threaten our dream saving plan. It is unwise to under-estimate future expenses and over-estimate future saving power.

Parents Care

If parents don't have enough retirement fund or financial resources to see themselves through, they will sooner or later become a liability that may throw your dream saving plan and early retirement plan out of the window.

My late father-in-law spent his last 18 months in a government subsidized nursing home at monthly cost of $2,300 (just the cost of nursing home and exclude other medical, ambulance transportation and hospitalization expenses). Luckily, there were three sons to share the costs.

Kids Care And Expenses

Once they were born, their expenses will run like a 25-year Bull market with no major corrections and hitting bull peak when they enter University and spent like adults.

Dare To Dream Bigger

Don't just dream big. If you really must dream, dare to dream even bigger! Double your estimation of expenses and half your saving power. May your Bigger Dream come true!

1 comment:

  1. My late maternal grandmother became an invalid after a stroke and spent more than 3 years in a nursing home. We didn't qualify for any subsidy and my mom had to pay for almost the entire sum every month with little help from her siblings who are not well to do. So, I know what you mean.


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