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Weekend Brain Food IV and rumblings
By Rainbow Coin  •  August 24, 2019
Doubling wealth versus Creating just enough wealth
FIRE concept seems to advocate creating just enough wealth so that we can do nothing (sing Bruno Mar's The Lazy Song) and simply enjoy life.

Just for fun...
Try tabulating how long it takes for you to double your wealth. Do it till the point which you find it's "just enough". Then do some deep reflections on how you did it.

(Congratulations if your current figure falls beyond this table's.)

1000 2000 4000 8000 16000 32000 64000 128000 256000 512000 1024000
Methods:

1) Do you earn more than spending? How much more?

2) Does your earning increase yearly? By how much?

3) Do you generate side incomes?

4) Do you buy and sell securities / assets to generate income?
No? Only rely on the dividends?

Here comes the trick question:

Are you confident in doubling your wealth for x years to

...
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By Rainbow Coin
I began exploring the financial world in year 2010, hoping to get out of the rat race and be financially independent. 2010 was the aftermath period of the Lehman crisis when a pretty shaken up market was struggling to recover. On hindsight, that was the perfect time to catch multi-bagger stocks should I be a veteran or at least had some basic knowledge of picking up 'gems'. My learning curve was steep then, as I have absolutely no friends or relative who could shed some light on what's investing about.
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