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



Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday 7 November 2018

Clearing debts early for a "Peace of Mind" is Overrated - Here's why???

That peace of mind will happen in late 40s or 50s when rumours start flying around that retrenchment exercise is coming - CW8888


 Uncle8888 has lived long enough to meet real people who have been retrenched in their late 40s and 50s.

 Their difference when they are retrenched:

 Worry less or worry more

 Concern less or concern more

 Peace of mind or Troubled mind

 Read? Key word Retrenched


 Huge difference between "Having debts" and "Having debts on negative net worth"

 Having debts doesn't means negative net worth. Know the difference!

 Having debts on negative net worth is potentially troubled mind when you are retrenched in your late 40s or 50s. OMG! I am retrenched!








Posted by Createwealth8888 at 22:33
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1 comment:

  1. Spur8 November 2018 at 11:20:00 GMT+8

    Govt may not like it if too many people are able to clear their big debts like mortgages early.

    May lead to too many people having deviant thoughts like FIRE, LOL!!

    ReplyDelete

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