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

Saturday 31 January 2015

Cost of outsourcing your investment e.g. STI ETF (3) - Reposting

Really low cost expenses? Think again!

Read? Cost of outsourcing your investment e.g. STI ETF (3)

Your CPF Investment Account : Uncle8888's foolish advice again!!! (2)

Read? Your CPF Investment Account : Uncle8888's foolish advice again!!!

"It's not whether you're right or wrong that's important, but how much money you make when you're right and how much you lose when you're wrong." ~ George Soros

Why you shouldn't anyhow touch your CPF Investment Account?

Why Uncle8888 say so?

See for yourself!

No intention of retiring so less bother with retirement planning???

Real people. Real thing happening!

Uncle8888 was poking this colleague who is 54 this year on his investment portfolio. 

No. Nothing out of him as he is not keen in investing; but he does have few old stock holding from the early days. He didn't like to talk further on investing. Guess why?

Uncle8888 asked him where will be his source of passive income if he retired.

He said has no intention of retiring. He can easily find another job to survive. Why not? Or in the worst case, he can just sell his HDB flat. 

BTW, he is single. 

Just guessing. May be why leave too much money behind??? Hmm ......

Kep Corp : Easing pain???

More and more are falling in love with Kep Corp?

This time by small retail investors who are happy with 36 cts panadol?

KepLand investors switching to Kep Corp?

Friday 30 January 2015

Cheap Oil Burns $390 Billion Hole in Investors' Pockets

CW8888: Any investment by nature is risky

(Bloomberg) -- Investors have a message for suffering U.S. oil drillers: We feel your pain.

They’ve pumped more than $1.4 trillion into the oil and gas industry the past five years as oil prices averaged more than $91 a barrel. The cash infusion helped push U.S. crude production to the highest in more than 30 years, according to data compiled by Bloomberg.

Now that oil prices have fallen below $45, any euphoria over cheaper energy will be tempered by losses that are starting to show up in investment funds, retirement accounts and bank balance sheets. The bear market has wiped out a total of $393 billion since June -- $353 billion from the shares of 76 companies in the Bloomberg Intelligence North America Exploration & Production index, and almost $40 billion from high-yield energy bonds, issued by many shale drillers, according to a Bloomberg index.

“The only thing people are noticing now is that gas prices are dropping,” said Sean Wheeler, the Houston-based co-chairman of the oil and gas industry team for law firm Latham & Watkins LLP. “People haven’t noticed yet that it’s also hitting their portfolios.”

The money flowing into oil and gas companies around the world in the last five years came from a variety of sources. The industry completed $286 billion in joint ventures, investments and spinoffs, raised $353 billion in initial public offerings and follow-on share sales, and borrowed $786 billion in bonds and loans.

50 Cents

The crash caught investors and lenders by surprise. Eight months ago, Houston-based oil producer Energy XXI Ltd. sold $650 million in bonds. Demand was so high that the company more than doubled the size of the offering, company records show. The debt is now trading for less than 50 cents on the dollar, and the stock has declined 88 percent.

Energy XXI, which has more than $3.8 billion in debt, is one of more than 80 oil and gas companies whose bonds have fallen to distressed levels, meaning their yields are more than 10 percentage points above Treasury debt, as investors bet the obligations won’t be repaid, according to data compiled by Bloomberg.

The stocks and bonds of Energy XXI and other struggling energy firms have been bought up by pension funds, insurance companies and savings plans that are the mainstays of Americans’ retirement accounts.

Institutional investors had more than $963 billion tied up in energy stocks as of the end of September, according to Peter Laurelli, a New York-based vice president of research with eVestment, an analytics firm in Marietta, Georgia, that gathers data on about $22 trillion of institutional strategies.

Bank Lenders

Energy XXI’s second-largest reported shareholder is a group of funds managed by Vanguard Group Inc., the biggest U.S. mutual-fund firm, according to data compiled by Bloomberg. The top reported owner of the bonds Energy XXI issued in May is Franklin Resources Inc. in San Mateo, California, also known as Franklin Templeton Investments, which manages multiple funds that bought Energy XXI’s debt, according to data compiled by Bloomberg.

Energy XXI didn’t return calls and e-mails seeking comment. The company has “plenty of liquidity,” Greg Smith, a spokesman, said in a December interview.

A reckoning may also be in store for Energy XXI’s bank lenders. The company, which drills in the Gulf of Mexico, has tapped $974 million of a $1.5 billion credit line extended by a group of banks including Gulfport, Mississippi-based Hancock Holding Co.’s Whitney Bank; Amegy Bank of Texas, a subsidiary of Salt Lake City-based Zions Bancorporation; and Comerica Inc. in Dallas, according to data compiled by Bloomberg. Energy XXI has also borrowed money from banks in the U.K., Australia, Canada, Spain and Japan.

Struggling Drillers

The three U.S. banks are also among the lenders to other struggling drillers. The loans are backed by oil reserves that are worth less at today’s prices than they were when banks last performed scheduled revaluations of the collateral.

Representatives of Amegy, Comerica and Hancock declined to comment on the performance of specific loans. Shares of Zions have declined 15 percent this month. Comerica is down 9.8 percent, and Hancock slid 15 percent.

“This is a big deal for banks in states like Texas where oil is one of the most prominent businesses,” said Brady Gailey, an Atlanta-based analyst at Stifel Financial Corp.’s KBW unit. “There are going to be loan losses and it’s going to hit multiple banks that have exposure to that credit. It will slow economic growth, it could ding real estate values, banks will lose money and their stock will get slammed.”

Regional Lender

One regional lender with energy exposure is Lafayette, Louisiana-based MidSouth Bancorp Inc., with 21 percent of its $1.25 billion of lending tied to oil and gas, according to regulatory filings.

Rusty Cloutier, MidSouth’s chief executive officer, said he’s not worried about the oil decline hurting his business because the bank’s portfolio consists of experienced oil and gas companies.

“There will be some players that get hurt, but the real players in the energy market aren’t going anywhere,” Cloutier said. “Companies who are leveraged very highly and got into the business not long ago, those are the ones that are going to get hurt.”

Hundreds of smaller banks in states such as Texas, Colorado, Oklahoma and North Dakota have also plunged into energy lending during the oil boom.

‘Very Concerned’

Gil Barker, the Office of the U.S. Comptroller of the Currency’s top overseer of community banks in states including Texas and Oklahoma, said he has confidence that the smaller lenders were doing what they should, though circumstances might change.

“We’re very concerned about the banks located in these oil-producing areas,” he said. “A prolonged time of low oil prices is really going to cause banks significant problems.”

More people will be affected than realize it, said Michael Shaoul, who helps oversee about $9 billion as CEO of Marketfield Asset Management LLC in New York. “So much of this has ended up in 401(k)s and in pension funds and in mutual funds, and that’s where the bulk of the pain is going to be felt.”

Hard to avoid market volatility if we are in the market???



Pretend market volatility is not there by not tracking or checking it?

Thursday 29 January 2015

Wednesday 28 January 2015

Contra Trading. Damn Shiok!!! (2)

Read? Contra Trading. Damn Shiok!!!

Contra trades. Uniquely Singapore!

Contra and JackPot machines at casinoes?

Of course, quite often somebody will win JackPot!

But, when we play long enough in JackPot or Contra we will give back all plus more. Don't believe?

Read. Listen. No use!

We have to personally learn it the hard way ourselves.


Tuesday 27 January 2015

S$50m lost in alleged scam

CW8888: Unending supply of yield pigs for slaughter. How come such thing keep happening?

Read? Smart Money Grabbers over dummy investors (7)

SINGAPORE: About 150 people have lodged a police report, after a company they had invested in became uncontactable.

The investors, who comprised both local and Chinese nationals, had invested a total of S$50 million.

Individual investments ranged from S$40,000 to S$8 million.

Under the so-called “Sure Win 4 U” scheme set up by a Malaysian company, the money received would go towards funding professional gamblers.

Alleged victims were lured by returns of as much as three times their investment at the end of two years. The scheme promised a monthly payout of between five and nine per cent on investment. The money earned would be in the form of online credits, which could only be converted into cash by the company's team leaders.

Alarm bells started ringing in September last year, when investors were unable to contact team leaders from the firm. The company's Kuala Lumpur office was abandoned when an investor visited in October.

Police confirmed they have received a report, adding that it was inappropriate to comment at this time.
Madam Lao, who invested S$200,000 in the scheme, said: "I was thinking we are going to retire, and this seemed like a good platform because memberships numbered over 100,000 from all over the world. And this is the first time we have invested in such things. I did not know this was actually a scam case."

Tracking and Measuring Our Assets, Portfolio and Net Worth???

Good to see more and more  bloggers are doing this exercise for themselves.

Who are you and Where you were?

Your Future You will thank you for doing this exercise now to reach Where you want to be.

Most of us are NOT Grasshoppers and cannot pretend to live like Grasshoppers!

Uncle8888's first blog post on this topic went back to 24 Jul 2009

Read? Measure, Measure, Measure

The focus point for tracking and measuring will also change with time when we reach certain milestone in our lifetime.

Now, he will need to focus strongly on sustainable retirement income for life across future market cycles of volatility and avoid asset drawn to meet liquidity needs during market low.

Monday 26 January 2015

Kep Corp : Crazy high volume today!

Now who is right and who is wrong?

See you in 2017!

Sunday 25 January 2015

Researchers just discovered two new, dangerous chemicals in fracking waste — and they’re already polluting our waterways

A Duke study reveals two new reasons to worry about unregulated fracking

Two dangerous chemicals not previously associated with fracking can be found in industry wastewater, Duke University scientists say, and they’re polluting Pennsylvania and West Virginia waterways.

In a study published Wednesday in the journal Environmental Science & Technology, the researchers identified high levels of ammonium and iodide — two potentially harmful and unregulated chemicals — in wastewater samples taken from oil and gas production sites, along with disposal sites in Pennsylvania and a spill site in West Virginia.

Before this, they say, no one knew that the two chemicals even existed in wastewater. And that’s a problem, because that water is being both accidentally and deliberated dumped into streams and rivers, where the iodide can combine with the chlorine in tap water to form carcinogenic compounds and the ammonium can cause harm to aquatic life.

The scientists found the chemicals in both fracking and conventional wells, leading them to believe that they’re naturally occurring and released by drilling activity — they’re probably not, in other words, part of the secretive cocktail of chemicals injected into the ground as part of the fracking process. But they nonetheless join the list of the dangerous substances making their way into the water supply as a result of fracking, while the findings highlight the risks of fossil fuel extraction that go beyond just unconventional drilling.

The most outrageous part, however, is just how little regard those risks are given. Some 837 billion gallons of wastewater are produced by U.S. gas and oil operations every year, including 280 billion from fracking, while a piece of Bush-era legislation known as the “Halliburton Loophole” exempts the latter from portions of the Safe Drinking Water and Clean Water Acts that would subject it to EPA oversight. So even though the researchers found ammonia levels 50 times the EPA’s maximum safety threshold, there’s little to be done.

“We are releasing this wastewater into the environment and it is causing direct contamination and human health risks,” study co-author Avner Vengosh, a professor of water quality and geochemistry at Duke’s Nicholas School of the Environment, told the Daily Climate. “It should be regulated and it should be stopped. That’s not even science; it’s common sense.”

Kep Corp : Graphical Crystal Ball Glazing???

Starting from ....

1. New Order Book

What did you see for the two red arrow?

2. Net Order Book Distribution (Revenue recognition)

What did you see for Year 1 (2015) relative to previous years?

Relatively higher revenue in 2015



2015 is very busy year for deliveries.

15 JUs/1 Semi/1 Accom. Semi Repair/2 JU Repairs

1 FPSO Upgrade/2 FPSO Conversions/3 Turret Fabrications

1 FPSO Modules Integration/1 Transformer Platform

1 Floating Crane/1 Depletion Compression Platform

1 Pipelay Vessel/2 Ice Class Supply Vessels/1 Ice Class 

Multi-Purpose Duty Rescue Vessel/2 Submersible Barges/1 Tug

3. Net Order Book vs Future Revenue Trending Pattern

What did you see on future revenue from 2015 onwards?

Why is Kep Corp taking Keppel Land private?

Is there something Kep Corp's CEO cannot say it out?

4. Operating and Net Margin

 5. Kep Corp Group PATMI vs its O&M

Lastly, you see what you see and Uncle8888 sees what he saw.

So don't ask him what he saw. Most retail investors are bias in their thinking and analysis. 


Dreaming Bigger???

One question was asked during Analyst Briefing session on Keppel Land privatization about its future dividend payout post Keppel Land.

The answer from Keppel CFO is that Keppel Corp does not have formal payout policy; but one can refer to its dividend payout history.


Assuming 45% dividend payout ratio on $1.18 EPS = $0.53

$0.53/$1.32 = 40%

40% yield on cost coming?


STI Major Data Point Since 1990

Saturday 24 January 2015

Kep Corp vs Semb Corp

Overheard so much noise in the cyber world of Kep Corp vs. Semb Corp

See for yourself technically!

Who are you and Where you were??? (4)

Read? Who are you and Where you were??? (3)

Most retail investors are bias in their thinking and analysis. 

That S(mart) Man of Leisure said it openly in the investor education seminar that investors are zebras. 

Where we are in Africa grassland? Who are we?

Kep Corp vs. Semb Corp

Who has done better and will be better?

Now, see who is talking?

Where you were?

Lucky, Uncle8888 were there for both so theoretically he is neutral. Right?

No BS!

Assuming Semb Corp dividend for FY 14 = $0.05 + $0.15 = $0.20

See for yourself!

CW8888's Yield on cost for Kep Corp and Semb Corp over the last 13 years.

How about his short-term trading on Kep Corp vs Semb Corp?

 Read? Kep Corp : Bought @ $9.64 for Round 95

 Read? SembCorp Industries (SCI): Bought @ $4.97 for Round 54

Talking and doing. 

Keppel Corp: Quick view of its family

Who are you and Where you were??? (3)

Read? Who are you and Where you were??? (2)

Same here for yesterday big news of Keppel Corp taking Keppel Land private.

By now, you should have been reading the pros and cons from the two sides of the same coin from analysts and star bloggers.

How are you been influenced?

Who are you and Where you were?

For Uncle8888, his dream may be getting bigger as higher dividends may be coming.

Read? Kep Corp's Dividends History

Read? Kep Corp's Margin and Net Order Book

Read?  Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (4)

Friday 23 January 2015

Kep Corp's Dividends History

Post Keppel Land, Kep Corp should be able to maintain at least 48 cts dividends?

See for yourself!

Based on the offer terms, a full privatization of Keppel Land would raise fiscal year 2014 earnings per share of Keppel Corp. (KEP) by 13 percent to S$1.18 per share from S$1.04 , the company said in the statement,...

Keppel Corp. Offers $2.4 Billion to Buy Out Real Estate Unit

Keppel Corp. (KEP), the world’s biggest builder of offshore oil rigs, offered to buy out its real estate unit Keppel Land Ltd. (KPLD) for as much as S$3.23 billion ($2.4 billion), saying it will help diversify revenue. 

The rig builder will offer as much as S$4.60 a share for the developer’s stock, the company said in a statement to the Singapore stock exchange today. That’s a premium of 26 percent based on Keppel Land’s last trading price of S$3.65 on Tuesday in the city. Shares of both companies were halted from trading from Jan. 21. The rig maker already owns 54.6 percent of the real estate company.

“It’s a good price,” said Wilson Liew, deputy head research at AmFraser Securities Pte. in Singapore. “Keppel Corp. could be doing this to offset weakness in its other businesses.”

Keppel has restructured its assets in telecommunications and infrastructure businesses last year through mergers and pulling them into trusts. CitySpring Infrastructure Trust, a Singapore piped-gas supplier backed by Temasek Holdings Pte., and Keppel Infrastructure Trust said in November they will merge to form Singapore’s biggest infrastructure-focused business trust.

The plunge in crude prices in 2014 to five-year lows has increased concerns that demand for drilling rigs and floating production facilities may weaken. As projects from the Arctic Ocean to the Middle East come under scrutiny, spending in the oil industry may fall 20 percent this year, according to analysts at Sanford C. Bernstein.

Minimum Offer

“We’re doing this because we believe in the long-term fundamentals in property, especially in Asia,” Keppel Corp. Chief Executive Officer Loh Chin Hua said in a briefing today. “We believe urbanization will continue.

We believe it will be a good investment for the group longer term. We have not been shy about taking bold moves, if it’s the right one.”

Keppel Corp. will offer a minimum of S$4.38 per share and in the event it gets 90 percent of the developer, the offer price will be raised to S$4.60 a share, the company said. 

Based on the offer terms, a full privatization of Keppel Land would raise fiscal year 2014 earnings per share of Keppel Corp. by 13 percent to S$1.18 per share from S$1.04, the company said in the statement.

Offshore, Marine 


Taking Keppel Land private will enable Keppel Group to better streamline its organizational structure, and allocate capital and resources across its core businesses to optimize risk-adjusted returns and enhance shareholder returns, the company said.

“It’s probably got to do with having a bigger balance sheet to perhaps take on bigger projects in the future,”

Ng Soo Nam, Singapore-based head of Asian equities at Threadneedle Asset Management, which oversees about $150 billion globally, said by phone. “There’s got to be a stronger reason than just valuation to take Keppel Land private.”

No offers will be made for Keppel REIT and Keppel Philippines properties, the company said.

The offshore and marine operations made up for 64 percent of Keppel Corp.’s revenue last year, while property contributed 13 percent, according to Keppel Corp.’s annual earnings. Net income from the offshore operations accounted for 55 percent of the total in that period with property at 26 percent.

If the offer is completed, the offshore contribution will be 48 percent and property will rise to 35 percent, Keppel said in a separate statement. 

New York Purchase 


“Offshore and marine will still be good for us in the medium- to long-term,” Loh said.

Keppel Corp. has yards around the world to make rigs and repair ships -- from Singapore to Indonesia, China, Brazil and Azerbaijan. The company won S$5.5 billion of new orders last year. Its order book was S$12.5 billion at the end of 2014, lower than S$14.2 billion at the end of 2013.

Keppel Land’s core markets of Singapore and China made up 89 percent of sales at the end of 2014, while it is expanding into growth markets such as Indonesia and Vietnam, according to the company.

In July, the developer made its maiden investment in the U.S. with a prime residential project in New York City.

The company is also a key office developer in Singapore with buildings including the Marina Bay Financial Centre, the Ocean Financial Centre and One Raffles Quay in the island’s central business district.


Kep Corp's Margin and Net Order Book

Who are you and Where you were??? (2)

Read? Who are you and Where you were???

Take your time and digest slowly the wise words below from S(mart) Man of Leisure. The man who said we are the zebras in the investing world.

There are more investment and financial bloggers getting online. 

There are higher and closer frequency of financial and investment events.

Yesterday, someone asked Uncle8888 for his view on one of the coaching programs after attending one free training session.

Should she sign up?


Eh? So that's how we can post a direct link at the comments!!!

I never knew it's possible. I'll try it with my next Youtube song rebuttal with temperament and coconut!

We're like Bollywood actors - we express ourselves through songs :)

Readers, see?

Is CW gentleman or what? (Don't worry, we will still banter till the end of days)

Now you know how to tell apart hobbyist financial bloggers from business owner wannebes masquerading as financial bloggers ;)


Who are you and Where you were?

Catch no balls?

Thursday 22 January 2015

Keppel Corporation's Q4 profit rises 6.1% to S$725.9m

DESPITE a gloomy backdrop of lower oil prices and a softer property market, Keppel Corporation posted on Thursday a 6.1 per cent increase in fourth-quarter net profit to S$725.9 million on the back of revenue that climbed 9.1 per cent to S$3.93 billion.

Keppel also declared a final cash dividend of 36 Singapore cents per share, up from a final dividend of 30 cents per share in 2013.

For the full year, Keppel's net profit was up 2.1 per cent to S$1.88 billion. Revenue for the same period rose 7.3 per cent to S$13.28 billion.

Net profit from the offshore and marine business - which accounts for 55 per cent of the group's bottom line - stood at S$1.04 billion, 10 per cent higher than in the previous year, buoyed by better operating results and higher interest income.

Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (4)

Read? Yield of dreams: Investors have "a once in a lifetime opportunity" in blue chips (3)

No BS!

Same stock. Same person. But different outcomes!

It just tells you the most important lesson in long-term investing.

Market timing and Time in the market. 

Both are equally important.

The Good. The Bad and The Ugly

The Good!

Dividend Yield on cost 434% over 14 yrs or 33% p.a.


The Bad and The Ugly!

Who are you and Where you were???

Hey, are you investing or trading stocks?


Out from Changi Army Camp to Shenton Way office (Singapore's Wall Street?) to start my working life in 1977.

After a few weeks, he realized that quite a number of people were talking stocks and studying newspapers everyday. 

Some of them took full meal during tea break and disappeared during lunch hours. They only came back to office after 1 pm++.

After sometime, he came to know that they actually disappeared to a place called Stock Exchange to fast throughout their extended lunch hours to watch some numbers jumping on terminals.

Who are you and Where you were?

These days. Your financial and investment bloggers?



5 reminders for diligent retirement savers

US News

Most personal finance advisors err on the side of encouraging people to stash more money away for retirement, because most people haven't saved enough for retirement yet. But there are certainly a few diligent savers who continue to work even when they have accumulated more than enough to walk away from their jobs. For aspiring retirees who are well on their way to financial freedom, here are a few points to keep in mind.

Saving too much could be just as big of a problem as not saving enough

You don't need to spend money just for the sake of decreasing your assets, but it's OK to loosen the purse strings a little if you are already on track to meet your financial goals. Not every expense is worth the money, but there are some ways you can meaningfully spend some of the wealth you've accumulated. Go out with your friends a bit more, reach out to family even if it means traveling and donate to charities that can do good in the world. Spending doesn't just mean getting something new and shiny. There are endless possibilities for how your money can make your life (and those around you) better.

Safe withdrawal rates are based on surviving the worst case scenarios

The low interest rate environment has many people questioning the safety of the 4 percent withdrawal rate. As a result, many retirement planners are worried that they have to save even more to achieve a comfortable retirement. But remember that the percentage was derived by studying the markets during two world wars, the Great Depression, the high inflation seventies and every bear market in between. Even if you end up retiring at the worst possible time, you can still significantly improve the odds of your money lasting by being flexible with your spending. Plus, there's also Social Security that will provide the ultimate backstop.

Don't continuously tinker with your portfolio

This is an issue I struggle with from time to time. Now that I have a sizable portfolio, it always seems prudent to tweak the portfolio in hopes of earning a higher risk-adjusted return. I've been successful at making my wealth grow a bit faster so far, but I've also spent a considerable amount of time with this part-time job. I have to remind myself of the beauty of simplicity, and when to stop adding complexity to my portfolio. Having more money always seems like a good idea, but what does a higher net worth actually do for me if I'm already on track to retire comfortably? I'm by no means mega wealthy, but why play the game and deal with all the stress when I'm well on my way to winning the retirement savings game?

Avoid looking at the markets endlessly

This is another reason why you shouldn't tinker with your investments all the time. Tuning into the noise of the markets will only make you sensitive about every little market movement, making it harder to stay the course. If the emotions of watching wealth go up and down cause you to bail whenever the markets dive, it will be almost impossible to become financially independent. Having an investment plan and sticking to it is one of the keys to success.

Stay motivated to work

Don't work so much that you become burnt out and unable to complete your financial plan. Your retirement date is a personal choice, but remember that the timing of your resignation can affect your finances for the rest of your life. 

Don't make any hasty decisions until you've thought it through with a cool head. Quit only if you are truly ready financially and emotionally.

Financial advisors always tell people to save more, but money isn't the only thing you need to live well in retirement. Make sure you can truly reap the rewards of financial freedom. The whole point of being financially independent is so you don't have to trade your time for money. Don't let your stash control you once you've built a nest egg.


Who is really financially savvy???

Whoever understands them! No?

"When we are in heaven, our money will still be in the bank."

"We don't seem to have enough money to spend; but, when we are gone; there's still lots of money not spent."
- Internet

 "We don't live to eat and make money. We eat and make money to be able to enjoy life. That is what life means, and that is what life is for." - Ol' Mallory

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