My Passive Income (Month of Oct 10)

CPF(OA): $196 (from interest and dividends)
Cash: $1753 (from dividends and other passive incomes)
Total: $1949
Target: $3000
Achievement: 65%

There are no changes in my passive income 1 and 2.

For passive income 3, there is an increase as I have bought two more lots of Singtel shares.

For passive income 4, there is an increase of $28. 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.

Created ten blogs within a year

As you can see under “My Other Blogs” on the right side of this blog, you will notice that I have nine other blogs. The two newest blogs that I had created in the last two months are "My Ipad Apps" and "My Happiness Journey". I have to apologize that some of my blogs are not very active. The reason is because I do not have enough contents or knowledge to write articles on these blogs. The two most active blogs of mine is "My Investment Portfolio in Singapore" and "Lifelong Financial Freedom in Singapore".

To share a secret with you, I have more than 500 page impressions per day for all my blogs in total. Well it may not be very significant, but at least I am happy to know that there are viewers for my blogs. Once again, THANK YOU for your support.

Your non-necessities could be necessities to others

On 24 July 10, I have put out a post on my blog with title "Do I need an iPad?". In that post, I have explained some of the reasons why I do not need an iPad. In spite of that, I still bought an iPad for my daughter on 11 Sep 10.Even though, it is useless to me, but I can see that it could become a necessity for my daughter. It can help her to learn fundamental things like writing, counting, drawing etc. With the aid of the iPad as a learning platform, my daughter is now more interested and has better concentration in learning.

This example actually enlightened me that my non-necessities could be necessities to my family members. And sometimes we don’t just see our own needs, but rather the needs of other family members.

How much debt I have?

Today, I try to calculate how much debt I have. Currently the only debt that I have is from the mortgage loan of my flat. So I went to the HDB website to check my outstanding housing loan amount of my flat and then to CPF website to check on my total family CPF OA amount. Using the housing loan amount minus away my total family CPF OA amount, I get a value of about $40k. This means that my total debt is $40k.
Well after doing some calculation, I have estimated that I still need about 3 or more years for my family CPF OA amount to exceed my mortgage loan amount.

My Passive Income (Month of Sep 10)

CPF(OA): $195 (from interest and dividends)
Cash: $1701 (from dividends and other passive incomes)
Total: $1896
Target: $3000
Achievement: 63.2%

There are no changes in my passive income 1, 2 and 3.

For passive income 4, there is increase of $5. 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.