Uncle8888 doesn't spend MORE than his net earned income after tax as he has been budgeting for his yearly spending.
He will be spending his LAST year's bonus in according to the following year economic forecast. He has picked up this habit after 1998 AFC when his variable bonus for that year was zero and his pay were cut for the first time since he started working in Aug 1977.
Our bonus and pay can never be seen as safe!
When time is looking bad ahead; he will stretch his last year's bonus over the next two years.
From his monthly and yearly spending trend, can this be frugality too?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.