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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"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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Friday, 16 July 2010

Money Mind and mindset

The diagram below is the CASHFLOW Quadrant.
E For employee
     S for self-employed
      B for business owner
 I for investor     

Most people still feel more comfortable spending more time and effort in E or S quadrant as staying in this quadrant will rarely cause them to lose money. Losing hard-earned money is a real pain in the neck.
 
Many will still try I quadrant; but soon they realize it is not as easy as they initially thought. So after a long while, they finally realize that they are not making any real progress but in fact losing more money than expected. Finally, they either give up or totally lose confidence in I quadrant and don't believe anymore that I is the way to go for them. They think it is still better to spend more time and effort in E or S.
 
B is reserved for who has that entrepreneur spirit.

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