"Lai Seng Choy: Starting point is about 10 years ago.
I was in early 30. I am 41 to be exact. It’s the year 2003. By that
time I just fully settled my first house – after settling all my debt,
very interesting feeling is that I feel no burden at all. You see what I
mean or not? By then I start to learn how to make my money
work harder for me. That time I read a book by R. Kiyosaki. It gave me
some idea - what my future should look like. More or less I learn about
early retirement from the book. I started to think – how do I come up with a plan, so that I can enjoy my retirement life earlier… 10 years ago, I target to have my retirement
age at 45. So I thought – how much do I need by the age of 45, and my
life expectancy by the age 80 or 85? I just worked it backwards. In the
process, I bought a lot of books, I attended quite a number of seminars.
I did highlight in my book, those seminars didn’t really convinced me
to follow their steps. Most of the seminars or talk – asking you to
subscribe something or their services to achieve something. For me, I never simply believe on anything I heard. I prefer to see how something works."
Why mind flip is so important in investing as path to reaching your own financial freedom or financial independence (Uncle8888's preferred term, where staying employed is an option)
It is about 3Ms - Method, Mind and Money. The mind must be flipped more into Investment.
What is your investment plan for 2013?
How can you up your investing skills and knowledge?
"A man only learns in two ways, one by reading, and the other by association with smarter people." - Will Roger.
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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