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.
Friday, October 29, 2010
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.
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2 comments:
Congrats to your achievement! Any tips to share in your journey to achieve FI or passive income? I've read through your entries and it is still confusing as i'm a real beginner here.
From my knowledge, you seems to be quite active in investment?
Hi breakaway,
You may refer to this link below on how to build up passive incomes
http://lifelongfreedom.blogspot.com/2010/03/ways-to-create-passive-income-in.html
Please take note that I am an investor and not a trader. I buy stocks that are of strong fundamentals and giving out good dividends.
Regards,
Freedom Achiever
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