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.

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Value Investing
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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!










Posted by Createwealth8888 at 20:57
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5 comments:

  1. Spur10 September 2019 at 22:53:00 GMT+8

    Congrats Uncle8888!!

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

    ReplyDelete
    Replies
    1. CreateWealth888810 September 2019 at 23:03:00 GMT+8

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

      Delete
    2. Spur10 September 2019 at 23:58:00 GMT+8

      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. Singapore Man of Leisure11 September 2019 at 11:29:00 GMT+8

      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. Createwealth888814 September 2019 at 21:09:00 GMT+8

    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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