As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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"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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9 comments:

  1. 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

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      Delete

  2. Ha! Ha!
    i use washing clothes liquid detergent for bathroom maintenance but not for washing clothes.
    i use bleaching liquid for the bathroom pipe gullets.
    Why?

    Minimalism, frugality or finding the best and effective bathroom maintenance products?
    Comparable to those quite expensive so called "special products" for bathroom housekeeping?
    Who cares?
    Is the bathroom clean is most important lol!

    ReplyDelete
    Replies

    1. i think it's the same as looking for your investment in the stock market.
      Who cares as long it makes you money lol!

      Delete

    2. 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 ;)

      Delete
  3. Replies

    1. Only who or how to know when to sell or not?

      Delete

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

      Delete

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