Personal Finance
Home for Living and not for profit taking (10)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  August 4, 2014
Read? Home for Living and not for profit taking (9) One way to avoid evaluating it too emotionally is to .... Think of it in term of Mathematics. Read? Passive Income??? Why must have more of it! Uncle8888's Wealth Formula: Wealth = Asset value + Cash flow   ------ (1) Substitute "Asset value" with "Home" ---- (2) Wealth = Home + Cash flow    Does your Home currently generate any cash flow to supplement your living expenses? Yes or No? Don't defend your answer with your emotions. In our retirement phase with no or little earned income, we will need to have good level of cash flow coming from our current assets to support our living. Can our Home provide that level of cash flow now? ......
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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!
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