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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Friday 8 July 2022

Living 2.5 Years Of Minimalist Lifestyle In Singapore

Uncle8888 hasn't renewed his passport so unlikely to travel soon and no JB too! LOL!

Unlikely we can avoid future high medical costs as we grew older and older! 

We can don't travel; but we cannot don't fall sick or suffer long term illness!




Posted by Createwealth8888 at 19:48
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4 comments:

  1. Jimmy L9 July 2022 at 15:46:00 GMT+8

    cannot buy this cannot buy that. cannot eat restaurant, cannot take grab, etc its not easy to adjust after living 30yrs of good life.

    ReplyDelete
  2. mysecretinvestment9 July 2022 at 17:54:00 GMT+8

    This comment has been removed by the author.

    ReplyDelete
  3. mysecretinvestment9 July 2022 at 18:00:00 GMT+8

    Hi CW,

    We see retirement as our last chance to do the things we wanted to do (ie to fulfill our bucket list). Top on the list are the travels to see other countries and soak in the sights, different cultures and food.

    We are very mindful and are constantly reminded of the three stages in retirement :

    a. Go-go stage (assuming retiring at 63 to 74)
    b. Go-slow stage (75 to 80)
    c. No-go stage (> 80)

    The constant reminders came from seeing some of our friends and colleagues passing on, suffering heart attacks, cancer, strokes and other diseases. A 76 yo ex-colleague is now unable to drive and cannot walk far without feeling exhausted, going into the no-go stage too early.

    So we were really dismayed when the Covid pandemic struck, we thought we would lose a large part of our go-go stage. Hopefully the world will not go back into a lock down mode.

    I feel that while we can afford it, we should not short sell our retirement but try and pamper ourselves. Life is to be lived especially in retirement after having worked many years! Time to live without regrets and make up for those things we wanted to do and enjoy but cannot because of work and family commitment.

    At the end of day, the multi-millions in the bank will not mean much when we are in the no-go stage. Some with dementia cant even remember anything. One of my colleagues couldnt remember how to get back to her office after attending a meeting and a relative had to be called to come and bring her home! Needless to say, she retired that very day. No-go stage started for her in her 60s.

    So do take care and make the most of our go-go stage, but dont break the bank!

    ReplyDelete

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