2 more days before Christmas. Time for a bit of reflection.......
Things are working well financially for me. If I don't make silly mistakes for the next 12 months, I should be able to retire "early" by the end of next Christmas after my 44th birthday in November 2011.
My original plan was to retire at 55. But hey! 7 years of working overseas has accelerated my savings power by 3 fold. If ah kong (Singapore lingo to mean "company") pays for housing, utilities, and mobile, it's not difficult to up-size my savings (No, I am not a high income earner; more a low maintenance guy. Any rich ladies reading this?).
Add "lucky" investment made during this financial crisis, my passive cash flow is now able to support my desired lifestyle: be a Singapore Man of Leisure (And I don't have to marry a rich wife to do that, sigh.....).
This "virgin' post is to track my journey towards the "R" day.
Wish me luck!
wow. i hope you could share how lucky they are but great to hear that you will be able to retire so early.
ReplyDeletecheers.
Hi Drizzt,
ReplyDeleteI am one of your regular reader of Investment Moats. Own some of the stocks you tracked ;) I will share my journey in due time. It's a story of "early" speculation success, then lost everything, then took the road to recovery via getting financial literacy first. New to blogging so maybe I write my story and send it to you as a guest posting?
I would be glad to Mr Man of Leisure. Should be a great story.
ReplyDeletebtw you can send to drizzt@investmentmoats.com
ReplyDelete" 7 years of working overseas has accelerated my savings power by 3 fold. "
ReplyDeleteEntering 10th Year for me. Pay may have doubled or even tripled for some lucky ones but is the saving that's matter.
Cory,
Delete100% savings rate on zero income is still zero dollars.
Income tripled but zero savings is still zero dollars.
So both earnings power and savings discipline are equally important.
Having said that, given a choice, I wish I had more earnings power!
Smol,
ReplyDelete13 years since this post. More than a decade. Well documented and going strong as per now. May your post continue longest possible.
Wtk
▶︎🌗Investment is one of the best ways to achieve financial freedom. For a beginner there are so many challenges you face. It's hard to know how to get started. Trading on the Cryptocurrency market has really been a life changer for me. I almost gave up on crypto at some point not until saw a recommendation on Elon musk successfully success story and I got a proficient trader/broker Mr Bernie Doran , he gave me all the information required to succeed in trading. I made more profit than I could ever imagine. I'm not here to converse much but to share my testimony; I have made total returns of $20,500.00 from an investment of just $2000.00 within 1 week. Thanks to Mr Bernie I'm really grateful,I have been able to make a great returns trading with his signals and strategies .I urge anyone interested in INVESTMENT to take bold step in investing in the Cryptocurrency Market, he can also help you RECOVER your lost Cryptocurrencies. you can reach him on WhatsApp : +1(424) 285-0682 or his Gmail : BERNIEDORANSIGNALS@GMAIL.COM
ReplyDelete, bitcoin is taking over the world, tell him I referred you▶︎🌗
🟥🟪🟧
✅✅✅✅✅