Uncle8888 has lived long enough and witness more than enough people growing up in the same era as him; but those who have CLEARLY communicated their Goals upfront in their early years; somehow they eventually achieved their Goals way ahead of their peers who are still dreaming of striking ToTo JackPot in their 60s! BTW; he is one of them every Mondays and Thursday dreaming it!
Our Goals can provide THAT direction and push us forward to THAT direction in the long-term and eventually we will built for ourselves our own well-designed system and committing to the process to pursue our clearly stated Goals. Stating our Goals without committing effort, resources and time to build our own System and refining and adjusting our process to pursue our Goals is just Day Dreaming! Let Uncle8888 shared his own experience of setting his Goals and what follows on year after year until the Goals are achieved! Goal of Self-insured Fund by 60
After reading if you have bother to read them; what is the difference? The Grasshopper's Way - No Goal! I've just gone to my insurance company this afternoon and surrendered my remaining last whole life insurance. I ended my term life insurance policy 4 years ago when I returned back to Singapore. Whole life insurance policies break even after 20 years. So had to patiently wait until today. I bought this whole life policy just before my 28th birthday 20 years ago. Man! I'm now 48!? Where did these 20 years go? The Ant's Way - Setting Goal well ahead of his time in term of decades!
Uncle8888's last life insurance policy will mature in Mar 2016 and thereafter he will be self-insured with his own fund and supported by Medisave and Medishield. He made that decision in his 30s and works towards this 20 over years long-term personal financial goal. Now, who says long-term goal is "useless"? .... to be continued
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.