Personal Finance
I Am Not Afraid To Draw-down My Net Worth To fight Future Decades Of Year-on-year Inflation For Spending
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 19, 2019
Read? Don’t Save Too Little, or Too Much Read? http://createwealth8888.blogspot.com/search?q=Ants “I use the analogy of the ant versus the grasshopper,” Dr. Guo said. “When I tell that story to my kids, I always praise the ants for working hard all summer, saving for winter and being prepared.” When he talks to retirees and people planning for retirement, he is less enthusiastic about industrious ants. “What we found in our study is that, if people behave like ants, it can be very problematic. Once they get into the habit of saving, it’s very hard for them to break it. The behavior becomes sticky.” CW8888: Ant has been planning in the Summer and preparing for the Winter. Knowing that he has enough to survive through the Winter; he can now go and dance in the Sun and the Land of Decumulation without worrying to suffer the fate of Grasshopper in the Winter!...
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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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