I am Henry. When I was 4 years old, my parents divorced and that ended my childhood. I was sent to live with relatives who struggled to earn a living. I marked cards in the gambling house and sold cigarettes on the streets.
What is financial independence? Why be financially independent? How to be financially independent? Continue reading Financial Independence
You have FINANCIAL INDEPENDENCE when your unearned income can pay for your expenses. You can be financially independent when you spend a lot and investment income is high. You can be also financially independent when you have much less assets but your expenses are low. So net worth is a factor, but just as important is your expenses. There are also degrees of financial independence. … Continue reading What is Financial Independence
Many people tie their sense of self to the work they do. If they work for only one employer in their lifetime, they might tie their self-concept to the company. We hear horror stories of Japanese employees who continued the daily routine of dressing up, taking the train to work, and hanging around their old offices. There are similar stories in other countries. A close … Continue reading Quickly grow a non-career identity
If you haven’t provided sufficiently for your retirement, it is obvious you need to cut your expenses. Even if your financial planning is perfect, the loss of your regular income is likely to be a psychological shock. You can decrease this shock by reducing your spending. Defer any major expenditure e.g. a new house, auto, computer, or video equipment. This is especially critical if you … Continue reading Reduce Expenses
I am Sandy. My father was a prison guard and our family of 6 lived in a simple two-bedroom flat in the prison. We had a stable life as the income of a government servant was assured but clearly the prospects were limited. When I cycled to school each day, I passed beautiful bungalows and vowed to myself that one day I too would live … Continue reading Sandy says ” I did it”
Hi I am Thomas. I made my first money by running a raffle-on-a-board when I was 12. Attractive prizes such as binoculars and a camera were stapled on to the top half of a large piece of thick cardboard to entice bettors. Tiny folded tickets were glued to the lower half of the board. My brothers hawked the mobile raffle around our village and neighboring … Continue reading Thomas says “I did it”