I have done an update on my monthly expenses today. It has gone up by $200, but not to my surprise. The increase is due to my utility bills which go up by $50, and I have catered $150 monthly for my toddler enrichment classes. I am expecting my expenses to go higher in the next few years as my toddler grows up.
Due to the increase in my monthly expenses, I have to generate a passive income of $3200 instead of $3000 in order to achieve my financial freedom. Even though the journey to my target has become further, but I will be still trying to achieve it.
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