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.

Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 18 December 2016

No More Year End Bonus!!!


The truth is here! All good things will finally end!

 No more year end bonus for Uncle8888. 

 A new life journey without earned income, yearly bonus and income tax has finally begin its new year on 1 Jan 2017.

 Read? Your year-end bonus is here!


But for me it is a different question - What to do with my last year bonus?

 After experiencing my first pay-cut and zero bonus during 1997/1998 Asian financial crisis, and thereafter I have decided upon on this strategy - keeping the full current year-end bonus as reserve and spending last year bonus till the next bonus. In this way, I may not under-spend my money and to avoid spending away future money and I will be in better position to face the next  pay-cut and zero bonus scenarios if it happens.

 Firstly, part of last year-end bonus is reserved to pay income tax. LOL!
Posted by Createwealth8888 at 12:51
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