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



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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

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Monday, 4 September 2017

Kay Poh Ear : I pay. I pay ....


Let me pay. 

 Let me spend my money. 
I don't want to leave too much money for my children!

 Read? I pay. I pay ....



Posted by Createwealth8888 at 06:54
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2 comments:

  1. laurence4 September 2017 at 10:17:00 GMT+8

    I notice coordinated themes between SMOL's and your posts. Lol.
    Your post above fits into SMOL's post on frugality vs miserly. I see the link to your 8 Mar 2014 story depicts the trio of the Spendthrift, the Frugal and the Miser. Lol. Joking.

    On a serious note, I've been advocating what that woman (who paid) said in your story. But sadly, no one who read my messages ever agree with my view. I suppose readers themselves also wish their parents would leave them a legacy. Below is a part of a longer Whatsapp message I sent to a few friends last week:

    I've been reading countless blogs showing a prevalent trend. Many parents intend to leave a legacy to their grown up descendants in the form of flat/condo/house, life insurance payout, CPF payout. What's the issue with this? The issue is this --- when parents finally leave this world at say Age 75, their children would already be Age 45. And these "kids" still need a legacy to survive? After spending half their life bringing up their kids and equipping them with all he necessary Tools and Skills to Fish, parents here still think that their Old Kids at 40, 50 still need to be given a Containership of Fish to survive. It should be the other way around -- these grown up kids should be giving their parents a Containership of Fish so that they can enjoy their remaining life after suffering for so many decades.

    What a joke. Actually it's not a joke because this Containership of Fish the parents saved up comes at the expense of the parents who had to scrimp and save and forgo many things in life that they deserved to enjoy.

    (I'm risking being flamed by opening up myself to the online world. My views tend to be stark and direct as always, but they are all just my personal view. Please do not feel compelled to follow what I say or even read what I write. Thank you.)

    ReplyDelete
  2. Createwealth88884 September 2017 at 17:27:00 GMT+8

    True! Not easy to be parents when we have more than one child. The issue or guilt of not being fairer to all of them.

    Read? Sending Your Kid To Overseas University Education

    Read? Your Children University Fund. Who pays???

    ReplyDelete

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