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

Saturday 14 June 2014

Funding Your Child’s University in the Future? (2)


Read? Funding Your Child’s University in the Future?

Tuition fees and all living and studying expenses

Three Year Uni course at NUS for son: $30.6K

Four Year Uni course at SMU for daughter: $61.4K ( including an Overseas Exchange Programme in Paris)

Total cost for two children = $92K!
Budgeting $100K for his youngest son's four year Uni course at SUTD.




Total cost for three children = $192K!

From the birth of Uncle888's first son in 1988 to the completion of his youngest son uni study in 2020 = 32 years

Walau!


That is $6K of saving per year or $500 per month for 32 years!






















Posted by Createwealth8888 at 14:10
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3 comments:

  1. Createwealth888814 June 2014 at 20:42:00 GMT+8

    Do you want to save well for your kids' Uni fund or invest well to achieve it?

    The choice is yours!

    But, there is no free lunch.

    ReplyDelete
  2. Investopenly15 June 2014 at 19:21:00 GMT+8

    Just curious, uncle 8888 doesn't believe in Child Education Insurance policy? ;-)

    ReplyDelete

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