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!

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Saturday, 6 January 2018

3 Bagger Tip!!!


Read? TIP - To Insure Performance? Not Really For One Time Effort Job

So far he has received tips from $1 to $20 and men are more likely to give tips!


We have to look at BOTH number as ONE: Absolute and % to be truly and really impressed by the number. Either number is not good enough to conclude that WoW factor!

That $1 tip is between 0.5% to 11% of the service value; but $20 tip is a 3 Bagger! That gentleman who gave $20 is truly impressive. Those in service field, have you came across such multi-bagger tips too?




Posted by Createwealth8888 at 16:48
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5 comments:

  1. Singapore Man of Leisure7 January 2018 at 08:36:00 GMT+8

    CW,

    You are funny!

    Do you know your example is supporting don't count in percentages?


    You mean you'll be happier to deliver a $2 service and receive a $1 dollar tip (50%!!!) over a $20 tip for delivering a $2000 service (stupid 1% only)?

    LOL!


    ReplyDelete
    Replies
    1. CreateWealth88887 January 2018 at 08:49:00 GMT+8

      Walau. U need to look at both number together to be impressed

      Delete
    2. CreateWealth88887 January 2018 at 08:50:00 GMT+8

      Your two examples are not impressive

      Delete
    3. Singapore Man of Leisure7 January 2018 at 09:24:00 GMT+8

      CW,

      LOL! If you say so lor!

      My examples were just an extrapolation from yours ;)


      Delete
  2. Spur7 January 2018 at 10:01:00 GMT+8

    I think what Uncle8888 meant was that $20 tip was for service value of about $6.50 only...

    It's like you give a $100 bill to taxi driver for $30 cab fare & tell him to keep the change. If I were that taxi driver, I'd immediately shine UV light on that $100 note LOL!

    20% is probably the sweet spot between counting in % or quantum ... psychologically speaking

    For a $2000 example, that's $400 in tips ... or $2 tip for $10 service ... more than good liao! :)

    ReplyDelete

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