Personal Finance
Two Bank Accounts? No, You may need Four! – (5)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  February 26, 2017
Read? Retirement Income for Life??? (14) - How much is enough for retirement? If you are NOT into detailed household expenses tracking in view of controlling and tightening expenses; you may like to review Uncle8888's method of tracking household expenses for the purpose of knowing the Number and don't bother with its details to control expenses. It is just few minutes effort every moth to populate the Excel worksheet with the latest monthly number. One dedicated bank account for all household expenses and to be funded by other sources of income e.g. salary Since Uncle8888 has retired without earned income; this bank account is fully funded by dividends and trading P/L from investment portfolio, CPF and FD interests. 2017 has been fully funded. In Dec 2017; this bank account will be refilled by CPF interests, dividends and trading in 2017 for 2018......
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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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