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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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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

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Sunday, 31 July 2016

Month Ending Household Expenses Update : Sanity View Of Sustainable Retirement Income For Life


Posted by Createwealth8888 at 12:52
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7 comments:

  1. Createwealth888831 July 2016 at 13:27:00 GMT+8

    Next month expected to shoot much higher due re-contract for youngest son's upgrade to iPhone user and change-out of his spectacle.

    Me and my spouse will also change-out our spectacles before I retire without anymore earned income. New spectacle will last for the next 10 years. LOL!

    ReplyDelete
  2. SMK31 July 2016 at 14:29:00 GMT+8

    nice

    ReplyDelete
  3. RayNg2 August 2016 at 16:56:00 GMT+8

    CW, do you plan AOB (Annual Operating Budget) for your household expenses?

    How about mid term, say up to 5 years?

    Just asking. :)

    ReplyDelete
    Replies
    1. Createwealth88882 August 2016 at 17:37:00 GMT+8

      I have stopped AOB some years already and switch to maintaining enough money in several spending accounts.

      Home Appliances & misc Maintenance Account:

      Once any amount in this account is spent, I will slowly top back to the original amount over next month or spread out over several months.

      Children Gift Account:

      I am currently and slowly topping up Gift account for my three children as their wedding & new home presents.


      Overseas Travel Account:

      One lump sum in this account which is NOT part of my net worth calculation so that I can travel for the next few years without feeling pain or stress on net worth balance sheet when retire on Sep 2016.


      The rest of other expenditures should be manageable and not lump sum surprising type.

      Delete
    2. Createwealth88882 August 2016 at 17:38:00 GMT+8

      These three accounts are NOT part of net worth balance sheet

      Delete
    3. RayNg2 August 2016 at 18:06:00 GMT+8

      lol... then what do you call these asset? Sinking Funds?

      Net-worth BS exclude current flat as well?

      Delete
    4. Createwealth88882 August 2016 at 19:07:00 GMT+8

      Can call it Sinking Fund. Topping up over some period of time to reduce financial stress. :-)


      Ya. Exclude current HDB.

      Delete

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