Less Is More ... Look at the final number or outcome!
Uncle8888 was no different; he also started by tracking every single expense and transaction to know his household expenses and to manage his budget; but slowly he began to realize that this type of detailed tracking and tabulating was sucking away his time.
It was not much fun doing them either. He was spending up to 2 minutes per expense or transaction doing tracking and recording and slowly these activities added up! Suck man!
Less Tracking. More Big? What we really care or concern is how Big?
Ultimately, we just need to know how big has this number happened in the past and how often have other similar big numbers also happened?
” If you have a worry problem, do these three things: 1. Ask yourself: “What is the worst that can possibly happen?” 2. Prepare to accept it if you have to. 3. Then calmly proceed to improve on the worst.”
Once we know the biggest Number, we learned from this wise man of History and help ourselves.
Dedicated one bank account to track all our household expenses to know the Big Number. That is what we need to know to overcome our worries on not having enough money!
Once the Big Number is taken care; the rest of the smaller numbers are peanuts? LOL!
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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