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!

Currently; it about 54% to destination!

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.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 13 April 2016

Will You Try To Pay Off Your Housing Loan ASAP If You Have One? (7)

Read? More than 1 in 2 Singaporeans doomed to retire under a pile of debt

Will You Try To Pay Off Your Housing Loan ASAP If You Have One?

At every recession, we will read again and again!

Heng ah!

"We don't have many financial commitments - our car was scrapped last year and the housing loan is paid up, so we're not hit so badly," says Ms Chew, who is taking a break before job hunting.

How many folks out there get it?

Read? Help! I've been retrenched


  1. debt cannot grow faster than income, otherwise dead meat! That said, if u are able to afford and cleverly manipulate debt in manageable way, it can worked in your favour.

    The issue here is too many Singaporeans today are optimists because they were spoilt by our Mr. Govt, taking for granted that salary will only increase and increase and bonus can always be 2-3 months like it was always be in the last 30 yrs.

    But frankly it is not true. So first criteria is dependent on ourself ownself then govt! Next if u can earn / afford n know what u doing, then why not. otherwise Better be a paranoid!

    1. Rolf,

      That's why I was so impressed with someone when he "unloaded" his car.

      Taking money off the table for investments - that's a lot easier said and done.

      But to ACT and reduce family EXPENSES on foresight that dark clouds are coming?

      Now that's a whole another level ;)

  2. We always stick to buying things without installments as much as we could.
    Now we do as it's interest free, why not?
    But have to monitor how much "debt" already committed.

    And Rolf being a "paranoid" or at least a "skeptic" is the difference between a Victor and a Victim in the financial world.....especially in the stock market.
    At least, i admit am.


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