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

Wednesday, 4 December 2013

Hey Uncle, How much is your passive income???



Just For Thinking ....


Is your passive income p.a. $XX,XXX or $XXX,XXX?


Tell you the truth!


Your level of desired passive income is not that difficult to achieve.

It is always relative to your Account Size!


Your Account Size has to come from higher saving rate from your higher earned income and/or combined with your Growth Dividend strategy when you really don't need that sort of liquidity from your investment cash flow.

Then, the Day wll come when you can hao lian your passive income in the Cyberworld!










Posted by Createwealth8888 at 08:14
Labels:

11 comments:

  1. CreateWealth88884 December 2013 at 08:20:00 GMT+8


    Passive income is not something that is so difficult to achieve once you have spent a few active years monitoring the stock market.

    Get it?

    ReplyDelete
  2. Anonymous4 December 2013 at 09:10:00 GMT+8

    Agreed.
    But then to get "passive income' high enough to cover your daily living expenses is not easy. It is easy only (for me only) if i live like people earning only $2000/month for the whole household.

    ReplyDelete
  3. RayNg4 December 2013 at 09:47:00 GMT+8

    One sure way to build your perpertual life passive income is to use CPF SA.

    Top up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die.

    Minimum sum scheme http://mycpf.cpf.gov.sg/members/MinimumSumScheme.htm

    ReplyDelete
  4. Anonymous4 December 2013 at 10:07:00 GMT+8

    "Top up more money into SA early and let the 4% interest do its compounding effect. The goal is to reach the min. sum before 55. One could then "enjoy" monthly perpertual life passive income from 65 until one die."

    Unquote:-
    But how much per month? Can it covers your daily living and then some?

    ReplyDelete
    Replies
    1. RayNg4 December 2013 at 11:54:00 GMT+8

      Check out the amount here. https://www.cpf.gov.sg/cpf_trans/ssl/financial_model/mss_cal.asp?prof=

      Of course, this CPF Life should form a partial retirement plan. One could build up more passive income via investment instrument.

      How much passive income is depends on one's life style.

      Delete
    2. CreateWealth88884 December 2013 at 13:34:00 GMT+8

      Minimum sum = Not starving to Death. Right?

      Delete
  5. Anonymous4 December 2013 at 13:50:00 GMT+8

    RIGHT!
    It's also mean GOV doesn't have to subsidize you too much. To keep you half alive is enough.

    ReplyDelete
  6. Meng5 December 2013 at 11:43:00 GMT+8

    I started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years

    ReplyDelete
  7. Meng5 December 2013 at 11:43:00 GMT+8

    I started looking at alternative income cashflows 6 years ago. Stuck to really strict discipline of keeping expenses to minimal and working really hard at work to justify higher payrise and annual bonuses. I channelled all savings into a basket of dividend stocks reits and fixed income instruments. And I really have to say it does help to bring forward retirement by many years

    ReplyDelete
  8. Anonymous5 December 2013 at 12:17:00 GMT+8

    What ever the investment vehicles you choose, you must remember you must have staying power in the "Worst of Times; then may you prosper in the 'Best of Times"
    Shalom.

    ReplyDelete

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails