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

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Tuesday, 13 September 2016

I Think I AM A "Minimalist" But Not A Great Saver???


Uncle8888 has survived without owning a car and valid driving license while raising up three children.

He loves overseas travelling but he will avoid taking taxi if bus and MRT are available. He opts for BMW (Bus, MRT and Walk) whenever it is possible.

He chooses to stay hotels near MRT, train or bus station but it will cost more!

Since he walks a lots and walks far; but he doesn't opt for cheaper shoes and slippers. To him better quality shoes and slippers matters most!

He loves his lunch and tea breaks with closer colleagues. He treasures relationship.

He is still a minimalist? If no then what?



Posted by Createwealth8888 at 08:09
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5 comments:

  1. Singapore Man of Leisure13 September 2016 at 12:32:00 GMT+8

    CW,

    Oh good!

    I did not have a relationship with that blogger so I didn't poke to avoid being mistaken as the "policeman of semantics" in blogosphere.

    Must say you have a better understanding and grasp of minimalism ;)


    Minimalism is definitely not about forgoing hot showers!

    Some have used frugality as the cover for their stinginess. Some even say financial freedom when they meant frugality...

    Minimalism is not frugality.

    And definitely not about flavour of the month monkey see; monkey do. (Reminds me of your SRS post)



    Tip: How to tell superficial and true understanding of minimalism?

    1) Superficial - buying the cheapest brand of soap.

    2) True - using the same soap for dishwashing, laundry, and bathing. That meant that soap cannot be the cheapest ;)


    ReplyDelete
    Replies
    1. Createwealth888813 September 2016 at 23:11:00 GMT+8

      :-)

      You expand it well.

      Delete
    2. Unknown26 September 2016 at 15:51:00 GMT+8

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      Delete
  2. Singapore Man of Leisure13 September 2016 at 14:26:00 GMT+8

    temperament,

    It's the irony of wisdom and limitations of words...

    Once we have grasped it; words don't matter.

    But if we are still searching for meaning, then precision in words do matter...

    For eg, how to ascertain whether you have grasped the essence of Value Investing?

    Do you sell when the stock is fairly valued or overvalued? Or never sell at all?

    Bei kambings taking Value Investing courses/seminars may want to test it on their "gurus". How they respond will reveal whether they are just parrots, snake-oil, or true dragons ;)

    ReplyDelete
  3. Createwealth888813 September 2016 at 23:16:00 GMT+8

    We need some balance in the blogosphere - the alternate voice. :-)

    ReplyDelete

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