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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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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Wednesday, 16 February 2011

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (9)

Read? Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (8)

Besides one does get a feeling of freedom when one is debt free; it may actually make it easier for the wife to make a decision to quit working and becomes a stay-at-home mum to look after kids.
Posted by Createwealth8888 at 17:30
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1 comment:

  1. financialray16 February 2011 at 18:51:00 GMT+8

    Hi CW,
    But if you have cash but do not redeem your housing loan, that cash can be put to better investment yield. Also, the mortgage insurance helps to cover for any mishap. Just looking from a different perspective, especially now that interest rates are really low.

    ReplyDelete

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