As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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.

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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

Tuesday, 10 September 2019

FINAL : Counting The Cost Of University Education at SUTD. End Of Funding Three Children Education!!!


Read? Counting The Cost Of University Education at SUTD (12)

Uncle8888's youngest son has graduated this month and he will be starting work at end Oct 2019 after going for his three weeks post-graduation vacation in Japan in Oct with his university class mates.


Total university costs for his three children = $30.5K + $61.4K + $78.9K at NUS, SMU and SUTD respectively is $171K


At 5% yield, that is $8.5K passive income per year flown away as his retirement income!












7 comments:

  1. Congrats Uncle8888!!

    Finally can start collecting allowances to make up for that $8.5k gap! 😂

    ReplyDelete
    Replies
    1. Those allowances go to Mum as her passive income. No need to invest and also can has passive income. LoL!

      Delete
    2. Hoho! Don't let her hear you!

      Carry big tummy for 9 mths + giving birth ... times 3 some more ... plus raising them in their younger years ... definitely counts as very active & siong investing! 😛

      Delete
    3. CW,

      See? Bring up children right will get "passive income" ;)


      Daddy got 10 baggers; got rounds 1, 2, 3; got panadols; give allowance for what?

      He can take care of himself!

      LOL!

      Delete
  2. Most parents nowadays, only expect gratitude in return.

    Anything more is a blessing, i think.

    ReplyDelete
  3. Tuition loan is at 4.75% p.a. and interests will commence from 1 Oct 2019 i.e. following month after graduation. Interest free if the tuition loan is fully paid before 1 Oct 2019.


    ReplyDelete

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