Sunday, September 30, 2012

How much debt do I have? (Sep 12)


In Jun 12, I had calculated my total debt which is totally from the mortgage loan of my flat to be $8K. 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 it has reduced by another $5k. 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, it can be achieve by the end of this year.

Saturday, September 22, 2012

"Lifelong Freedom in Singapore" Blog is 3 year old!!!


Wow time really flies; "Lifelong freedom in Singapore" blog has already turned 3 year old! Thank to all who have been following my blogs and have commented on my posts. I would like to apologize that recently I am not able do any posting due to my work and family commitment.

What have I achieved for the past one year?
I am managed to gain $20000 in term of pure passive incomes. In additional, there is a realised capital gain of $11500 after selling some of my shares. This adds up to $31500 extra income for the past one year.

My current total unrealised capital gains or losses have amounted to $7160. But since I am looking more on wealth creation, having unrealised capital gains or losses are not as important as having pure passive income.

What do I hope to achieve for the next year?
Well, I hope to increase the earning from my pure passive incomes by $3000 per year or $250 per month for next year. It may be quite tough, but I will try to achieve it. I also hope that all of you can continue to support my blog and I will be continue to post more articles on my journey towards financial freedom.

Have you started your journey towards financial freedom?

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