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.
Saturday, July 31, 2010
My Passive Income (Month of Jul 10)
CPF(OA): $192 (from interest and dividends)
Cash: $1727 (from dividends and other passive incomes)
Total: $1919
Target: $3000
Achievement: 63.9%
There are no changes in my passive income 1 and 2.
For passive income 3, there is an decrease. I have sold all my 10 lots of Starhub shares for a profit and I have bought 7 lots of Singtel shares this month.
For passive income 4, there is increase of $10. However since it is still in the building stage, I will be expecting it to go up and down. In my post "Forget about achieving Financial Freedom if you do not have perseverance or refuse to learn.", I have mentioned that it will take time and effort to build up passive income.
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