Thursday, July 1, 2010

My First Half Financial Report for 2010 (Jan 10 to Jun 10)

Half a year of 2010 is over, and now it will be a good time to generate my first half financial report for 2010 (Jan 10 to Jun 10).

My Monthly Expenses:
For my monthly expenses, there are not much changes at all in this half a year. I always keep my expenses as low as possible by not spending money on the things that I will not need. For this part, I will give myself a "A" grade.

My Passive Incomes:
For my passive incomes, I have managed to increase it from $1640 (Dec 09) to $1990 (Jun 10). That is about $50 increase per month. In my New Year resolution, I have set two milestones for my journey towards financial freedom. The first one is to achieve a total passive income of $2000 by end of June 10 and the second one is to achieve a total passive income of $2400 by end of Dec 10. I have slightly missed my first target by $10. For this part, I will give myself a "B+" grade.

My journey towards financial freedom:
I have getting closer to achieve my financial freedom. I will need to generate an additional passive income of $1010 per month (Total Expenses of $3000 - Total Passive incomes of $1990) in order to achieve my aim.

My Assets:

These are the assets that I have. I am proud to say that I do not have any liability.

2 comments:

pacific202 said...

Hi Freedom Achiever, came to your blog via CNA forum. I am wondering how you get $1990/mth based on the listed shares assets? Is the HDB flat tenanted out?

LangBee01 said...

It is adorable how determined you are to achieve your financial freedom which is very very good and I love this posts. But you should also think about investing when you are talking about being financially free. I think I should insists on the idea of investing thru binary options with the help of 24option broker review our24optionreview.com so you can enjoy extra income while you have stable earning. And that I think is a good habit.

Have you started your journey towards financial freedom?

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