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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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

Saturday, 2 April 2022

How To Know Our Financial Independence Number And 4% Withdrawal Rule?

Read? What Next After Reaching the EDGE of Financial Independence???

Uncle8888 based on his tracking of annual household expenses to derive the number to reach Financial Independence with 4% Withdrawal rule. i.e. FI = Net worth assets excluding residential home = 25 x Highest household expenses tracked since 2002!

Somehow SARS and COVID soften the FI number based on 4% withdrawal rule. We can expect more such virus in the coming decades!




Posted by Createwealth8888 at 22:35
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1 comment:

  1. mysecretinvestment3 April 2022 at 09:10:00 GMT+8

    Thanks again CW for sharing.

    As a retiree-to-be, I am concerned how my expenses in retirement would turn out versus my planning numbers. It is thus heartening to see that your actual expenses after 5 years in retirement were well below your planned and prepared-for numbers.

    Yes, the 2 years of travel restriction did help to keep our expenses down. And thankfully the passive income sources are returning to pre-pandemic level.

    Looking forward to travelling overseas again.

    ReplyDelete

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