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.

Think Investing as Tug of War - Read more? Click and scroll down

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, 3 December 2022

FI or FIRE? What Next? What Other FIRE Bloggers May Have Not Mentioned These (2)

Read?   Why Pursue Financial Freedom? (6) - Refresh!

Read?  FI or FIRE? What Next? What Other FIRE Bloggers May Have Not Mentioned These

Read? You think it is so easy to retire early???

FIRE is more than just financial readiness or financial independence! We will need solid reasons or meaningful objectives to retire early. Uncle8888's block has two early retirees but they didn't called themselves Stay-at-home-dad. Women who early retired are more likely to label themselves as housewives or stay-at-home-mum. See the gender inequality or difference. LOL!

Uncle8888 just came across another case of FIRE and then back to office. It shows that early retirement is NOT that easy. It is always more than just financial means to FIRE!

Case 6 is an interesting one as he is Trainer for Early Retirement Masterclass!

Never mind! We can always FIRE and then De-FIRE after that! LOL!


  1. Hi CW,

    How about yourself? You have retired for 6 years no? Are you bored yet?

    Personally I think we must retire to something, and NOT to retire from work. Otherwise we will be bored very quickly

    What is more worrying is if we retire early and need to go back to work because money not enough!

    I shared my thoughts with the blogger Alpaca investment and advised him NOT to retire based on dividend income alone:

    1. I am still doing this Part-Time And Free Lance Jobs and COVID-19 in 2020 taught me this even part-timers or free lancers can be out of jobs. No jobs are safe at all!
      Read? COVID-19 strongly reminds us ...

    2. Senior citizens who are strong walkers have advantage with their monthly concession pass. Just go wherever we want to go. Find food or hiking or just passing time on B.M.W. when we started feeling restless or bored at home. Get OUT at no extra transport cost and may find something out there! :-)

      Read< a href=https://createwealth8888.blogspot.com/2019/01/something-behind-our-luck-factor-and.html">Something Behind Our Luck Factor And Chance In Randomness Environment Where We Have No Control

  2. Hi Alpaca,

    Good start to your passive income investing journey. As a fellow passive income investor, hope you dont mind my sharing on our 12 year journey on passive income investing. What we encountered, lessons learnt and what we achieved.

    As wage earners all our lives, the lure of passive income is strong. Cash flow without effort on your part! Whats not to like?

    Intrigued by it, We started to build our own passive income streams in 2011 (comprising dividends, rental and interests from CPF) at the tender age of 50. It was good that we started late because the first lesson we learnt was you need capital to generate passive income. Starting late in life meant we have decent capital to play with.

    Year 1 (2011) passive income came in at a grand total of $46K. And it gradually grew to an all time high of $196,800 in 2019. Then Covid struck, and it all came tumbling down... to $182K in 2020. Lesson number 2 - dividend and rental incomes are not reliable. And interest from CPF is. (Lesson number 3). Thus DO NOT plan a retirement on dividend nor rental income. Doing so will result in a retirement with anxieties. Instead plan a retirement lifestyle base on steady income streams. For us, that source of steady income happens to be the CPF savings.

    If you build up your CPF Savings well, it can create two dependable passive income streams; namely the interests from your OA&SA savings as one, and the payout from CPF Life. Plan your retirement lifestyle around the dependable income streams and treat those not so dependable income streams as bonus incomes.

    2020 was the time I went into the market and bought more stocks on discount. With that, the following year 2021, the passive income grew back to $196,700. And this year 2022, it hit a new ATH of $226,000.

    This would be the projection of our passive income down the road (to sustain our retirement) :

    What we achieved in 2022:

    Dividend : $88,000 ($7,300 pm)
    Rental : $3,500 pm
    Interest from CPF : $99,000

    From 62 (2023) to 69
    Gold Tap
    1. OA&SA interests : $65,000

    Silver Tap
    1. SRS drawdown : $52,000

    Bonus Taps
    1. Dividend : $80,000
    2. Rental : $40,000

    Annually : $237,000

    From 70 onwards
    Gold Tap
    1. OA&SA interests : $65,000
    2. CPF Life : $60,000

    Bonus Taps
    1. Dividend : $80,000
    2. Rental : $40,000

    Annually : $245,000

    We are planning on a lifestyle supported by the gold and silver taps only, that is, on $10,000 per month. If our bonus taps are doing well, we would most probably not be touching the OA/SA interests and let it compound.

  3. CW,

    We are the few bloggers in the community who are sharing what's life like strolling down the mountain - for HDB heartlander lifestyle.

    I guess we act as counterbalance to those who are still striving to reach their own summits?

    Especially for readers more interested in what's next after retirement.

    It would be interesting to read those youths who have achieved FIRE at 35 share what's life like!

    However, most of these multi-million dollars youths are not retiring as they are Business Owners happily engaged with their empire building phase!

    We just have to wait another 4 years. Then mysecretinvestment can also share what's private property lifestyle retirement is like!

    1. We are sharing real life stories on the ground. :-)

    2. Hi SMOL,

      4 years later, I will be 65, my planned target for retirement. But we all know, plans and reality can be quite different. The four years is to give myself the time to hit our financial goal. As each year passes, and as we get older, the financial goal is getting less important as compared to good health and having a fulfilling life.

      But barring unforeseen circumstances, we should be hitting our financial target in two years before I turn 64.

    3. mysecretinvestment,

      Wishing you good health and happiness!

      You don't sound like someone seeking financial independence to "escape".

      Good talent with experience is hard to find. I won't be surprised you'll move the goal posts if your landowner offered you a "minister mentor" position. Wink, wink.

      Lao Lee and Dr Mahatir where got "retire"?

      There's no need to "retire" if we are doing what we love!

  4. Some people FIRE to do what they like, then realize it is not really what they want, and go back to what they were doing. That's ok. It's a good experience. No big loss anyway.

    What is more unfortunate is when one FIRE without having a comfortable cushion to FIRE, some unplanned event forced them to go back to what they were doing but they are no longer able to find a similar position anymore.

  5. temperament, I think you could be the oldest FIRE person in this community. Hope you are enjoying good health and accumulated good wealth to enjoy your days.

    Maybe one of these days, you can share with us how you spent your time and enjoyed the past 22 years after you FIRE yourself and FIRED your company.

  6. I wonder what happened to Temperament. I wanted to respond to his good reply to me last week but his online presence seemed to have vanished.
    Temperament, I hope you are fine. Take care, if you are reading this.

  7. Hi hyom,
    My apology. i deleted all my subscriptions & history in Google then strange things happened.
    My reply to you here even disappeared.
    And i don't use any online backup.

    Thanks for your concern.
    Shalom to you & family 🙏

  8. In fact it seems all my historical posts in CW8888's blog have gone into thin air. Why like that 😂?

  9. Hi Temperament,

    Good to hear from you. As long as you're fine, that's good enough.

    Your past comments on financial blogs should still be stored in your email.

    Nowadays, there are several investment communities that you can participate besides financial blogs. Plenty of investment-related groups on telegram and there are active discussion forums on hardwarezone like MoneyMind.

  10. Thanks.

    i have my daily routine of rituals or likes for me, so much so, it is hard for me not to be a proscratinator in small tasks to quite important tasks.
    Like time to update my will or Net Worth.
    Complacent to know my current Net Worth maybe because i know we are spending within our means without drawing from our principals So relax lol (Lazy?)

    Use to be very on the bola on all financial matters when younger.
    Going up the mountain can't relax one.
    Going down the mountain can relax a bit?



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