Sometime in the investment blogosphere; it can give us some insight into lesson on what chained baby elephants can teach us about childhood poverty into full grown adult on wealth and financial independence at our 40s, 50s and 60s.
The difference between personal poverty slavery and financial independence and feeling of financial and retirement adequacy is simply vision in our mind. For some of us, this poverty chain can hold firmly in our minds for the rest of our life even we have far out grown this childhood poverty chain like the chained baby elephant and simply refuse to let it free. In Uncle8888's generation; many of us are from poor family living in one or 2 room rental flat and purchasing TV set on 24 months installment. At that time owning TV set with cash payment was a luxury item which the real poor couldn't afford it.
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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