To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" is a synecdoche for the person involved, and "game" is the metaphor for actions on the field of play under discussion. How much skin you have in the Game? When you failed; what is the degree of skin burn you will suffer? It is 3rd degree or more skin burn when you failed that is skin in the Game!
Sometime Uncle8888 will ask questions and the replies from some investment bloggers or retail investors: " I am lazy .. blah blah" Of course; they can afford to be lazy depending how much skin in the Game. When you know that you are going to suffer 3rd degree skin burn or more; you can still afford to be lazy? LOL!
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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