Read? One Unique Test That Easily Lets You Know How Good You Are At Building Wealth
Interesting!
Read? Speaking And Sharing With Track Records!!!
Let see how Uncle8888 has performed in illustrated diagrams.
Posts
A Chasing Sunsets Fund – A Better Way to Plan Nice-to-Haves in Financial
Independence.
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One of the spending needs that many of you would consider as part of the
income needs for your financial independence (FI) or FIRE, is to have
enough mon...
10 months ago
Performance. Ownself checks ownshelf?
ReplyDeleteUncle8888,
ReplyDeleteBeing able to save sufficient savings to last throughout retirement is very good liao!
That article talking about having liquid savings/investments being more than whatever you've earned so far in life. Somemore exclude value of home & any business assets.
Very tough lah. Basically your savings & investments must earn more than your entire salary.
Even many multi-billionaire star investors got their billions through huge salaries, huge bonuses and stock options paydays.
Warren Buffett is a rare example. He keeps paying himself only $100K a year salary, and refuses to accept stock options. The 350,000 Berkshire Class A shares he owns is through buying on the open market at publicly traded prices. And that accounts for his >$80B liquid wealth.
Well done Uncle8888!! Kekeke!!!
ReplyDeleteYour total net worth is >80% of your entire earned salary.
It's like you only spent less than 20% of all your salary throughout your lifetime so far, somemore buying a flat, supporting a family, 3 kids thru Uni, etc. **Hormat!!**
That shows the Power of Compounding Interests in CPF Accounts!
Delete