Objectives of this blog:
1) Plan for my retirement.
2) Journal my way to financial freedom for my family and me in Singapore.
3) Share my financial knowledge and wealth management in an easy to understand way.
My current aim is to generate a passive income of $3000.
Tuesday, December 29, 2009
My Passive Income (Month of Dec 09)
Some updates on my passive income on the month of Dec 09. There are no changes in my passive income 1, 2 and 3. For passive income 4, there is an increase from $30 on Nov to $100 on Dec. Yes, it has just tripled. However since my passive income 4 is still in the building stage, I will be expecting it to go up and down.
For CPF(OA), I have make a small error in my last calculation. The extra 1% increase from the first $20000 in OA account will actually go into the SA instead of OA account. I have recalculated it and put here as a update.
Here is the summary for month of Dec 09:
CPF(OA): $147.14 (from interest and dividends)
Cash: $1473.84 (from dividends and other passive incomes)
Total: $1620.98
Target: $3000
Achievement: 54%
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5 comments:
I assume you stay in 1 room, and rent out the other 2 rooms. Am I right?
Hi Createwealth8888,
Yes, you can assume that. :). I am targeting to get a private property in next few years.
Regards
Freedom Achiever.
good plan!
Do you mind telling us more about your passive incomes?
The idea mentioned in the post is very good and it’s really helpful. Passive Income is an incredible new means to make money on the internet. If anyone follows the plan mentioned in the article will surely get success but the type of passive income one will adopt is the big point in calculating. Passive income opportunities make the person free from thinking about the financial crisis.
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