Sunday, August 28, 2011

My Passive Income (Month of Aug 11)

CPF(OA): $245 (from interest and dividends)
Cash: $1832 (from dividends and other passive incomes)
Total: $2077
Target: $3200
Achievement: 64.9%

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

For passive income 3, there is an increase as I have bought more shares and more dividends are given this year.

For passive income 4, there is an increase of $12. 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.

Saturday, August 20, 2011

Spend more time with my kid

Raising a kid is never a simple task as parents are constantly exposed to three type of stress, namely physical stress, emotional stress and financial stress. Coping with these stresses is never simple especially if both the parents have a full time job.

I believe that the best person to discipline a kid is the parents. Hence I feel that it is important for at least one parent to be with the young kid most of the times. By doing so will allow parent to provide necessary guidance and assert “authority” immediately on any wrong doing by the kid.

As for my family, my wife and I have decided to switch to single-income so that my wife is able to spend more time with my kid. I also try to come back home immediately after work so as to teach and play with my kid. This precious time spends on our kid can never be replaced by any amount of money.

Saturday, August 13, 2011

Total $15K of dividends collected in last two years

It is almost two years since I have become a pure investor in shares. My main objective for investing is to increase my cash flow (passive income). Up to now I have received about $15K of dividends (or average of $625 per month for the two years).

Till now my objective has not changed. I will continue to buy share of companies with strong fundamentals and give good dividends. I also reinvesting the dividends collected by buying more shares which is stated on my cash flow framework.

Well this is the method that I use to increase my cash flow from shares. If you have other good investment strategies, maybe you can share with me.

Saturday, August 6, 2011

Sold unwanted stuff and bought a new netbook.

For the last one month, I had sold two old laptops, 1 old desktop and 1 hard disk for a total of $790. The sole reason of selling is simply because these items are no longer necessary. Furthermore, most of them do not have any more warranty. Since currently they still have some value, I feel that it is best to sell them now.

I also had hunted a new laptop (or netbook) that suits my need. Basically I wanted a laptop that is portable, with long lasting battery and be able to view HD contents. Well after doing some research, I finally landed up with two options. They are Asus 1215B and HP DM1z netbooks. Then I proceed to Challenger to try out both the netbooks. After testing out the two netbooks, I felt that HP DM1z will be a better one for me, as the keypad and touchpad feel better. I bargained with the salesman and paid $649 for it with free RAM upgrade. See below for my new netbook :).

Have you started your journey towards financial freedom?