My Passive Income (Month of Feb 11)

CPF(OA): $209 (from interest and dividends)
Cash: $1738 (from dividends and other passive incomes)
Total: $1947
Target: $3200
Achievement: 60.8%

There are no changes in my passive income 1, 2 and 3

For passive income 4, there is an decrease of $5. 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.

Single Income Family

It has been a month since my wife has quit her job to become a stay-at-home mum. She is now able to focus more on the “inner part” of the family. Every day, she is able to send my daughter to nursery school in the morning, and pick her up after the school. In the afternoon, she will teach or guide my daughter on her home work. In her free time, she will make herbal tea for the whole family to improve our health.

As for me, I can now focus more on my job. As my wife is guiding my daughter on her study, I can now play with her after my work.

We think that we have made a right decision to do the switching to single income family.

Reviewing of my cash flow framework (Feb 11)

I have created and been using my cash flow framework for over a year already. It has been helping me to understand the inflow and outflow of my money. It also helps me for my journey towards financial freedom. The core areas in my cash flow framework are namely Income, Expenses, Saving, Buying Asset and Passive Income. I shall review these five core areas in this post.

Income:
I am not unable to find new stream of incomes to enhance my cash flow. The reason is because I am spending less time on this core area. Now may be a good time to think how to improve on this core area.

Expenses:
Total expenses have been increased since last year as my toddler has been sent to some enrichment classes. However I do not have any liability, and will continue to stay in the current status.

Buying Asset:
I have been buying shares since Sep 09. My total portfolio value is about $110,000 currently. I will continue to buy more shares whenever I have extra cash.

Passive Income:
I have been receiving passive income since Sep 09. This includes the dividends from my shares which amount to about $7800. I will continue to reinvest the dividends to buy more shares.

Happy Lunar New Year to Everyone!!!

Wishing all of you who has been reading my blog a happy Lunar New Year. Enjoy yourself with your family members and friends in this holiday.

I will explain what the chinese character (福) above means for those who do not know Chinese language. This chinese characters is pronounced as "FU". It can mean happiness, blessing and lucky. So hope that everyone can have 福 all the times.