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

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Sunday, 21 June 2015

Escape From Hard Works or Escape From Time???


Why FIRE?

 Why Financial Independence AS SOON AS POSSIBLE?
Are some of them trying to escape from hard works and monetizing less time for being paid to do something? More free time?

Are some of them trying to escape from time? Work more so less time. Less free. Less thinking on what else to do. Some really don't know how to spend their free time. Right?
Think it is more on Time rather on money that really bother us.

Time is fixed amount. All of us have the same amount; but money is variable to every one of us. 

No one has the right number to achieve their financial independence; but we need to be really really comfortable with the FIRE number as it will be extremely difficult get back to correct it. 

Track. Check and Benchmark against the nation's median figure. 

We can't be too wrong if we stick somewhere near to the Median. Right?


Posted by Createwealth8888 at 08:32
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3 comments:

  1. Singapore Man of Leisure21 June 2015 at 10:33:00 GMT+8

    Median is another word for average.

    Average is another word for common.

    Common means anyone and everyone.

    We are back to square one...

    Anyone likes to wear the same uniform as everyone else?



    ReplyDelete
  2. Unknown22 June 2015 at 17:54:00 GMT+8

    Wouldn't the best case scenario be us working in a job that we enjoy with people that we like? I guess that may not a reality for most of us, but it is good to dream. Low-paying but enjoyable job, would you mind working till you die?

    ReplyDelete

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