Those are a few examples of surviving vs thriving. But all of these examples have the same underlying commonalities. They are: 1. To thrive, you must first survive. 2. You must have something steady in your lives before you can take the necessary risk in order to thrive. 3. You must be prepared to put even more effort and energy to thrive, because the game rules for surviving and thriving is different.
CW8888 Same as retail investing in the stock market; do we aim for surviving with high dependency on dividend income over future market cycles riding the boom and doom cycles of our invested companies or thriving for higher investment gains at the next doom at higher risk and return but forgoing current cash flow?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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