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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Wednesday 15 August 2018

How Much Did I Save From Earned Income After Tax Till 30 Sep 2016 (Retirement From Full-Time Job)


From Jan 2002 to 30 Sep 2016 (retirement from full-time job); Uncle8888 has managed to save about 40% of TOTAL earned income (including employee and employer CPF contributions) after tax. 

 25% in CPF accounts and 15% in cash!

 That is for family of five as single household income!




Posted by Createwealth8888 at 23:09
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5 comments:

  1. WGM16 August 2018 at 05:16:00 GMT+8

    Wah! Congrats! I can't imagine supporting 4 other people while saving 40% of my total income for 14 years. Hope I can achieve that next time!

    ReplyDelete
    Replies
    1. Createwealth888816 August 2018 at 09:56:00 GMT+8

      I think current generation may find it hard to save much money in their mandatory CPF accounts due to high property price if using CPF to pay housing loan.

      Delete
  2. RayNg16 August 2018 at 18:46:00 GMT+8

    Under statement???

    1. CPF contribution ~37 of income (including bonus). Part of it goes to housing, balance in OA/SA/RA/MA.
    So, your 25% is excluding housing right?

    ReplyDelete

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