Uncle8888 after encountering his first economic crisis and market crisis in 1998 AFC since starting work in Aug 1977 and then seeing his close and grown-up colleagues weeping after being told of his retrenchment. His first time seeing an adult crying so badly out of funerals!
After 1998, he transformed into an Ant!
Not an ordinary Ant; but one super calculating and tracking Ant!
Grasshoppers dance in the Sun as they haven't look with their own their eyes long enough at their fellow dying grasshoppers in the Winter whispering to his Ant friend ... "Ya, I should at least listen to part of your planning for harsher Winter "
Since then he always spend his last year bonus after income tax. He doesn't spend on any future money and spend only what he has earned and deserved it!
So far, he has survived one pay cut and two pay freeze with zero bonuses.
On Housing Upgrade For years he has resisted Auntie8888 from housing upgrade and he chooses to be debt free for rest of his life without having sleepless nights over future economic and market cycles.
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
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