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.

Think Investing as Tug of War - Read more? Click and scroll down

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

Monday 7 January 2013

Mind Flip (5)

Read? Mind Flip (4)

Read? Freedom Series Part 1 with Lai Seng Choy


"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.

Read? Your First $100K realized profit from the stock market? - (2)

For the things we have to learn before we can do them, we learn by doing them." - Aristotle

"If you believe you can't, you can't!" - Createwealth8888

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