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
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Saturday, 19 September 2015

Book : The Busy Doctor's Investment Guide


Okay. Got another unread investment book to borrow from NLB.

Hmm ...

Wah!


"And being frugal was all I had learned from my dad about money. But fragility carries with it a scarcity mentality." ....
This is the first time Uncle8888 read about unfavorable view on frugality from an investment author. Uncle8888 tends to agree. Not sure how many of us may tend to agree?


 Our unspent money can never disappear. It will be eventually spent by others or even spent by some strangers who became close "friends".
Posted by Createwealth8888 at 22:41
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8 comments:

  1. SMK20 September 2015 at 00:29:00 GMT+8

    I agree. The crudest idiom for the reverse is nothing ventured nothing gained. But that idiom to the uninitiated who didn't learn about profit making and all its complementary skillsets (and an S, yes!) will be of as much use as YOLO.

    Careful now, you are venturing into adam khoo, anthony robbins territory.

    The same people who dismissed their teachings as snail oil missed the point. The point is to have a can do attitude (useless by itself) and actually believe you can change your own faith and take action to do it. And some times it takes a course or seminar to do it. And sometimes, it doesn't happen. We could have been too thick skulled.

    How does this relate to the above? It is not about a scarcity mindset but the mindset of disbelieving you can do anything about your circumstances.

    The moment you stop taking actual steps towards your goals, you are done. I don't believe in trying. I believe in doing. And if you are wrong, do something else. But always be doing.

    ReplyDelete
    Replies
    1. Createwealth888820 September 2015 at 08:31:00 GMT+8

      "Do or Do not. There is no try" - Master Yoda

      You also Giant ant?

      Ha ha.

      Delete
  2. Singapore Man of Leisure20 September 2015 at 08:19:00 GMT+8

    CW,

    If can fly with 2 wings the best!

    But if I had to choose one, I'll choose Earn more.

    Earn more or Save more?

    ReplyDelete
    Replies
    1. Createwealth888820 September 2015 at 08:36:00 GMT+8

      Ya. Agreed!

      But, some insects with two wings look more like fiddler crabs' claws which are spectacular violators of symmetry in nature, with their major claw being many times larger than their minor claw.

      Delete
    2. Singapore Man of Leisure20 September 2015 at 10:05:00 GMT+8

      CW,

      Wow. Profound!

      "A pin prick see blood" :)



      Delete
    3. SMK20 September 2015 at 16:07:00 GMT+8

      Both good replies

      Delete
  3. Createwealth888820 September 2015 at 16:13:00 GMT+8

    Later Botak comes and say you hide behind Big Man hor!

    ReplyDelete
  4. Singapore Man of Leisure20 September 2015 at 21:22:00 GMT+8

    CW,

    You har!

    Want to poke temperament you poke directly lah!

    Hide behind me for what?

    Tsk, tsk...

    ReplyDelete

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