Personal Finance
Rich Dad. Poor Dad???
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 27, 2014
About Uncle8888's late father and his late father-in-law How much money they leave behind for others to spend? Poor Dad Uncle8888's late father leave behind a few thousand dollars that he has been saving up (actually he refused to spend) probably to leave behind something. For Chinese, leaving behind nothing is bad luck to future generations. Rich Dad Uncle8888's late father-in-law, a typical China man leave behind for his three sons only and four daughters get nothing.
  • 4 room HDB flat.
  • 4 Joint Bank accounts for his three sons and his wife. One account each.
  • 4 Gold bars. One each for his three sons and his wife.
  • Portfolio of stocks that were sold at "profit" and distributed among his three sons.
So Uncle8888 will have to decide to become Rich Dad or Poor Dad? One thing he will not follow his late father-in-law. In his Will, all three ......
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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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