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.
Saturday, September 3, 2011
How much debt do I have? (Sep 11)
In Jun 11, I had recalculated my total debt which is totally from the mortgage loan of my flat to be $22K. The calculation is based on using the outstanding housing loan amount minus away my total family CPF OA amount.
Today I have recalculated my total debt again, and the total debt has reduced by $3k to $19k. In my post on "What I hope to achieve in 20 years?", I mentioned that I wanted to reduce my total debt to $0 within the next five years, Based on my conservative estimation, I think it is achievable by the end of next years.
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