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!

Click to email CW8888 or Email ID : jacobng1@gmail.com

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
Stock Tips

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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