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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Friday 18 September 2015

How Much Is Enough To Retire???


Which theory to follow?

Listen to who?

Some bloggers even give you more theories to digest. So how?

Nothing beat your own hands on experience.

Diligently track your annual household expenses to know how much is enough for you. No theory. Just hands on experience!

More chun. Right?
 






5 comments:

  1. For young adult, tracking of current spending (even for 5 years) is not going to help him in planning for retirement.

    Why?

    Because his spending is evolving over time .... from single to double (married), kids, education, housing needs... etc

    Hence, he has to rely on certain projection to come up with realistic budget (Income and spending).

    having said that, actual spending tracking help to monitor and compare so that he does not exceed his budget.

    ReplyDelete
    Replies
    1. Especially for someone who wish to know how much is enough to retire in X or XX years; it is better to track their annual household expenses closely. When we still have children or aged parents who are dependents; it will be a wild card to know how much is enough? Margin of errors in estimation will be high!

      Delete
  2. Getting old usually spend more or spend lesser?
    I think many of us just worried of medical fee for our old age.

    ReplyDelete
    Replies
    1. Of course, when we want to be treated at private class. Sure plenty to worry!

      Delete
    2. Same as reading investment blogs. Here is FOC!

      Some bloggers will have paid seminars if you want something extras or need their presence in attendance.

      So you want?

      Delete

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