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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Value Investing
Dividend/Income Investing
Technical Analysis and Charting
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Monday, 8 June 2015

Your Millionaire Dream In Singapore? Depending On Who You Ask???

Your Millionaire Dream in Singapore. How?

Be lucky? Don't get yourself involved with wealth destruction activities e.g let your wife becoming Stay-At-Home-Mum and having more children.

It is no doubt that Stay-At-Home-Mum and children will eat money and destroy wealth.

Yes. We will destroy wealth by doing that. But; it doesn't mean we cannot rebuild it stronger. It just made it harder and longer for us to do it. It is not impossible!!!

Quite sure. There are HDB heartland millionaires who are married with children who are eating hard into their money.


  1. Get married. Have children. You still can dream to become Millionaire one day. Just decades away!

    It has been done!

  2. Hi Uncle8888,

    Indeed Stay-At-Home Mum with children eat money. The best way is to educate woman to take up a job that allows them to juggle both family and career, and to persuade government to construct more and better student care centers.

    1. Why not Stay-At-Home-Dad and juggle both family and career?

      My time is over. Sabot you guys. Hee Hee!

  3. Those who had managed well a family thru to their old age will eventually realized family love is priceless and indestructible!

    Grape sweet or sour?

    Wealth destruction is true for the soured!!!

    1. Folks who keep thinking that children are wealth destruction element along their journey towards FIRE probably have not live with parents or grand-parents who are in their 80s and above. They may not have been to Tan Tock Seng Eye Clinic. For those who have brought their aged parents, grand-parents or elderly. What did you observe among these old folks with and without their caregivers accompanying them?

      After seeing my late dementia FIL and MIL with my own eyes; I know what is living old like. Once dementia; money doesn't exist anymore. We just hope that our children will learn the right thing from us. Take good care of their parents.

      Yesterday, I was chatting with this young man who was staying home to take care of his 95 yrs old Ah Ma. Of course, he was bored; but luckily he could chat with us. Not too bad.

  4. I have 4 children w a stay at home wife. Recently who went back to full time work after 10+ years. Difficult but not impossible to reach the millionaire goal

    1. Good!

      We need more to come forward to share their experience.

  5. Started saving 40%-45% of income, invested in equities and bought a hudc (1700 sq ft) 10 years ago at rock bottom price of $490k. The hudc is privatized and 400m away from MRT stn.
    Combination of luck and prudent mgt. My peers adopted YOLO while I am ridiculed as an ant.

  6. There you go!

    Another tarzan (泰山) amongst our midst ;)

    Siew Mun,

    4 kids with stay at home wife, now that's impressive!

    Now that's virility!

  7. This comment has been removed by the author.

  8. Let's say you have $100,000 in equities and you have $3,000 paper loss. Pretty easy to accept.
    But if you extrapolate to $1,000,0000 in equities and you have $30,000 in paper losses.
    Can you stomach the paper loss when you become a millionaire? As you have more, you naturally invest more correspondingly and have paper loss in order of magnitude.

    1. Wealth = Asset Value + Cash flow

      Once we understand the nature of wealth in relation to cash flow and how to mitigate against the three risks we should be alright cross market cycles.

      Yesterday, gave auntie about 2.5 h of tutorials on these topics.

      Read? Who Says Many In Singapore Are Not Interested In Personal Finance???

      Read? Your Personal Finance and Investment - Three Risks That Are Seldom Actively Discussed by Personal Finance and Investment Bloggers

    2. Your "$1,000,0000" caught my attention... I treble check and confirm is not my eye problem. lol.

      Anyway, I think it is a relative question. I won't be bother with paper loss of $30K with my $1M portfolio. It is still 3% 'loss'.

      Assume I attain 6% average dividend, it means $60K passive every year. My portfolio may goes up and down due to market, but my $60K is pretty stable. That's the key.

      I will only concern if the companies that I invested in deteriorate.


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