Read? In Investing, which comes first???
A) Know yourself
B) Know your wallet
In investing, which comes first?
The answer is B. Know your wallet!
You strongly disagree?
Show you something......
CW,
That's similar to how I did it ;)
If not for my increased in ACTIVE earned income, I would not have been able to save 3 times more while working overseas than in Singapore.
7 years tour of duty turned out to be equivalent of 21 years thread milling in Singapore.
Then came 2008/09 and the rest is history...
No goals, no planning.
Just the awareness to scale into the markets late 2009 onwards.
One day I realised I had "enough", and here I am!
(Try to quantify "enough". It's more a state of mind than numbers. Hence most people just move the goal posts as they never ever will reach "enough")
What we will be in the future may depend more on the decisions and actions we do (or did not do) today - than the plans and goals we wrote on a piece of paper ;)
Think less; do more.
For Taoists, its "think less; do less". But that's on another whole philosophical plane...
That's similar to how I did it ;)
If not for my increased in ACTIVE earned income, I would not have been able to save 3 times more while working overseas than in Singapore.
7 years tour of duty turned out to be equivalent of 21 years thread milling in Singapore.
Then came 2008/09 and the rest is history...
No goals, no planning.
Just the awareness to scale into the markets late 2009 onwards.
One day I realised I had "enough", and here I am!
(Try to quantify "enough". It's more a state of mind than numbers. Hence most people just move the goal posts as they never ever will reach "enough")
What we will be in the future may depend more on the decisions and actions we do (or did not do) today - than the plans and goals we wrote on a piece of paper ;)
Think less; do more.
For Taoists, its "think less; do less". But that's on another whole philosophical plane...
Do you tend to agree now?
Still No?
You got ticket?
Can clarify during Q & A on 17 Jan 2015
Posts
Meaning only a SIZEABLE War Chest has higher chance to work the magic.
ReplyDeleteIt is arduous task (attaining a 10-baggers) to achieve financial freedom with only $100k bullet in 2009 as compared to my current state.
Strongly agreed!
DeleteCW,
ReplyDeleteIdiot me! I should do less talking :(
Can ask any questions during Q & A; just don't hit the face!
Eh, it's getting no fun recently when we agree more.... My saw can't get sharpened if you don't play the role of grindstone :(
coconut has gone AWOL, you don't forsake me now!
Lucky still got temperament and sillyinvestor to poke me. But if they start agreeing with me, shit!
That means I've gone mainstream...
Yuks!
Fisherman does what is naturally to fisherman.
DeleteWe can't fight Big Fish by pulling back tight. It will break the line then no more fun!
We give them a good fight by pulling it and letting it go to continue the fight by not breaking the line.
:-)
CW,
DeleteThe grasshopper is relieved ;)
temperament,
ReplyDeleteMy treadmill journey started at 16 and "ended" at 44 - it took 28 years including the 2 years of NS.
First index 100 full time pay was $450 per month with Metro, (I think most graduates in 1984 were earning $800-$1000 starting pay per month)
I only found stardust during the last 7 years of my career.
The first 21 years were spent sharpening my saw while waiting for opportunity to appear ;)
Isn't it the same with investing and trading?
How many are willing to put in their first 10,000 hours or 10,0000 trades to hone our craft?
This sneaky CW tried to take away my "true grit" to make it look as though I am born with a golden spoon in my mouth.
I think I got "snookered" by him!