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.
Wednesday, December 29, 2010
My Passive Income (Month of Dec 10)
CPF(OA): $204 (from interest and dividends)
Cash: $1749 (from dividends and other passive incomes)
Total: $1953
Target: $3200
Achievement: 61%
I had posted recently in this blog that my expenses have increase from $3000 to $3200. So I have to adjust my total passive income target to $3200 in order to gain financial freedom.
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 decrease of $40. 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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