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

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

Thursday, 6 April 2017

Goals, System And Process Are Not Mutually Exclusive! (1)

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

Read? Long Term Personal Financial Goal - Self-insured Fund by 60!!! (2)

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 

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