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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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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Tuesday, 19 June 2018

Why Misers Still Give Away Their Money???


Read? Life is More than Compounding Money


 Why misers still give away their money?

 Hmm .. Why arh?
When we don't spend our money on ourselves or our loved ones before we die; someone else at somewhere will be there to happily spend on our behalf as our money cannot disappear by itself.


While Anne Scheiber gave $22 million away, she might have led a more fulfilled life by actually spending some of it on herself and others during her lifetime.    

 Would you rather have $22 million at your death and have frugality be your God or would you rather enjoy your life, cultivate relationships while being generous in the present and have $5 million in the end? I’d rather have the latter.    

 The sin of obsessive frugality is just as bad as the sin of greed. Both are sins of selfishness.    

 Life is More than Compounding Money.  
Posted by Createwealth8888 at 08:08
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2 comments:

  1. Small Time Investor19 June 2018 at 16:32:00 GMT+8

    Uncle temperament

    I think prudent on ourself but generous to parent is better.

    ReplyDelete
  2. Createwealth888819 June 2018 at 21:22:00 GMT+8

    Squeeze on ownself but MORE generous to loved ones is OK!

    We have seen many poor parents still spending on their children

    ReplyDelete

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