Personal Finance
How boring ‘secret’ to being rich
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  January 5, 2014
invest, thesundaytimes, Jan 5, 2014 What is the secret to getting rich? 1. Born Rich 2. Marry Rich 3. Start your business 4. Climb Corporate Ladder 5. Climb Investment Ladder Uncle8888 strongly agreed with 4 and 5.  Especially on No 4. Climbing corporate ladder is the sure way to become rich. Young people should at first attempt to climb corporate ladder instead of investment ladder. Why? In climbing investment ladder, your Account Size Really Matters! Where to find your investing capital? From your earned income and saving. Right? Read? No Goal. No Aim. No Dream. You are more likely to end up as an Average in your 60s! (2) The Hard Truth Not all of us can succeed in climbing the corporate ladder.
By late 30s and early 40s; we should already know it. We should then switch to climbing investment ladder by all means.
Investment Ladder
By then, we may have reasonable Account Size to climb investment ladder. Get it? Follow Uncle8888's Wealth Formula? ... ...
Read the full article
By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance