Episode 6: How to create wealth with investing and trading?
I am going to retire in next 10 years, what should I do to have a good retirement?
1. How much money I have to last until 85?
To answer above is about planning. We need to have a good retirement plan. In the retirement plan, we should include our incomes, expenses and lifestyle. For incomes like rental and dividends. Expenses like food, grocery, utilities, tax, travel, etc. For lifestyle, we need to know if we are living an expensive one, cheap one or simple one. For those who have retirement account is a good step to have regular payout and it is important to know how much you are going to spend each month.
2. How to I invest now and am I too late?
Investing now is not too late. in the next 10 years, you can invest in great and undervalued companies. Before investing, have a good education in investing. Adam Khoo has provided a good fundamental knowledge how we can invest wisely. Psychology is one of the keys to success investing.
Let continue to hear from me in the next episode for more. Do ask great question to share with the community here.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
