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

Sunday 23 August 2009

Debts Free Before 50?

If you are spectacle or contact-len free before 40, welcome to the new world if you cross over to 40, you will probably realize sooner or later that you will need a reading glass (spectacle) to read your newspaper.

When you cross over to 50, a brave new world is waiting for you, you are now seen by HR department or your bosses as a costs cutting tool if needed to trim staff costs.

But, before that happens, you already started to be paid less as the new world thinks that you are an old asset that has lower productivity and your earning needs downward adjustment.

http://createwealth8888.blogspot.com/2009/08/when-you-reached-50-years-old.html

But, beware that your forward expenses after 50 probably will be higher and higher as your kids are going to start their University education soon.

So it is best for you to do your financial planning well ahead of time and aim to be absolutely debts free before 50.
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