Read? Who are you and Where you were??? (4)
How to reduce your forward stress over future volatile markets?
First we must understand this wealth formula:
Wealth = Asset Value + Cash Flow
Asset Value is NOT within our control; we have to accept whatever asset value Mr. Market says so; but the level of cash flow can be managed by us within certain level of comfort to meet our needs and stretch our wants.
Who are you? Younger or older
Where you were? How are you doing with your spare money?
Uncle8888 can forecast how badly he will be hit in the future and he is preparing for it.
Where you want to be? Create wealth or Receive sustainable income for life?
When we depend too much on it; we will by nature feel more painful when it is lost. But, when we can move farther away ......
