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



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Saturday, 10 January 2015

How Much Is Enough???


When one lives in a poor neighborhood it is easier to feel richer when one have some extra money.

 No?

 Read? $10,000 pay day per month???


 After knowing the median household income is S$7,870, if we are not too greedy, $60K passive income @ 2-3% inflation rate should be enough for us to live reasonably well in Singapore.

 No?

 Choose wealth and then more choices become available somehow. e.g. freedom from works; freedom from time schedules, freedom from rushing and hurrying, freedom from checking time, ... LOL!
 
Posted by Createwealth8888 at 08:05
Labels:

8 comments:

  1. SS10 January 2015 at 10:14:00 GMT+8

    Hi CW,

    The challenge is to build up a portfolio that can earn passive income of $60k annually. Not even sure how long that'd take me.

    ReplyDelete
    Replies
    1. Createwealth888810 January 2015 at 12:12:00 GMT+8

      I took very long!

      So long .....................................

      :-(


      Started as low income earner. Bo pian!

      Started working with A level.

      A level is the 2nd lowest job grade in my company. The lowest is O level job grade e.g. clerical and admin support roles

      Later added on even more financial stress as single household income with three kids and I also have to invest on human asset to upgrade to diploma and degree.

      When we are conscious about it, we can make it.

      Bit by bit. We will reach there.

      At least here, I have shown that it NOT impossible!

      Starting low is NOT an end.


      Delete
  2. Createwealth888810 January 2015 at 12:15:00 GMT+8

    Will provide the answer in 10 yrs time. Sustainable or not. LOL!

    ReplyDelete
  3. SS10 January 2015 at 13:41:00 GMT+8

    Hmm.. Assuming capital appreciation and dividend reinvestment are not taken into account, a 10-year horizon means the person must save and invest 100,000 a year. The person must be earning a really high salary in order to afford so. :(

    ReplyDelete
  4. Unknown10 January 2015 at 15:27:00 GMT+8

    if you have one mil in bank now, will you invest now or leave it?

    ReplyDelete
    Replies
    1. Createwealth888810 January 2015 at 15:29:00 GMT+8

      When we are not sure what to do?

      Take neutral path e.g. 50-50

      Delete
    2. Createwealth888810 January 2015 at 17:29:00 GMT+8

      50-50 is NOT average leh.

      50-50 is the middle path. Median.

      Delete
    3. Createwealth888810 January 2015 at 17:33:00 GMT+8

      100 men cross the river.

      50 men have crossed over safely

      Less than 20 men didn't make.

      You have to cross the river to survive or you risk dying.

      Do or Do Not?

      Delete

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