Read? Net Worth : Shocking Truth Behind The Numbers For An Investment And Finance Blogger After 16 Years!!!
Read? You don't save your way out of poverty
Now, we see who is talking ....
This flowery man but no flowery talk!
SMOL:
My first pot of silver was from corporate life.
Making money when we have money - that's a whole another ball game.
Yes. Hidden in that little statement
is something much deeper and profound. No worries. You'll stumble to the
truth all in good time...
It took him 23 years to accumulate size-able capital to have real impact
on net worth. In investing, our account size really matters!
So how much is consider substantial capital?
ReplyDeleteRelative to one's net worth or how many years of earned income as investing capital?
DeleteFor me, it is 40% of past 23 years of earned income.
Actually 40% of past 23 yrs of earned income also means you save 40% of your income on average over the years. So, if you spent 60% of your earned income every year, the other 40% of your income not spent will be investing capital. Roughly lah.
DeleteIn those days when CPF contribution was 25+25 = 50% and compounding at much higher rate and 4 rm HDB flat only at $55K
DeleteWah lau!
ReplyDeleteLike that also can?
Hello! I not flowery man OK!?
If guys start asking me out I'll come give you a kick!
Wait...
Are you saying I look like F4?
That's not so bad...
I take my words back.
Coffee on me!
:)
Just anyhow count anyhow mumble to myself.
ReplyDeleteAssume 5k per mth salary. 60k per year for 23 years. Everything multiple by 40%. That's about 550k!!
Hehe. Anyhow whack
Ya. Anyhow count. Anyhow whack. Wait for other senior citizens to whack you on your anyhow assumption
DeleteHaha. Forgot most important thing. Anyhow round down and anyhow conclude. So one need 500k to have substantial investing income. Else better climb your corporate ladder!!
ReplyDeleteChristmas and dong zhi time! Holiday mood. All anyhow!
Start early but smaller. Start later but bigger. No right or wrong. Only starting wrongly when one has money is jialiat!
DeleteSubstantial capital to me is anything above 1 million. Yes, I started out one leg in coffin - 49. I think with income accumulation, discipline financial management and investment we will move in the right direction.
ReplyDeleteStart off as Millionaire investor with $1m capital so no need to sign up for Millionaire Investor course. LOL!
DeleteThis comment has been removed by the author.
ReplyDeleteHeadache, too many questions clouds my thinking lol. Seems that 'luck' stays with me when I KISS, remain in my core competency and stay very close to my clear goals. Been getting 7%+ dividend income the last 2 years.
ReplyDelete