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Showing posts from June, 2016

Mid-year review: Goal met of $200k cash at 28. $400k+ net worth and Astrea bond V

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Half a year gone.

I still have not gotten my keys to my new home and am still childless. Ok, TMI.

On financial front, I've been seeing a steady increase in my net worth. As at my last update in end 2018, my net worth was at $372k.

Half a year later, I've successfully crossed $200k cash savings (previously it dropped as I topped up my MA) and exceeded $400k in networth. I may be able to hit $450k by end year but will just need to carve out some money for renovation and home stuff.

Most gains came from employment. While I lament how sick I am of work, it is my main source of $. I've not added any stocks and can never not live off my portfolio for passive income. It is with salary crediting that I've received 1.85-2% interest on my DBS multiplier anyway.

I've been thinking if I'm making my money work hard enough. I occasionally browse the SGX hoping to see some stocks to purchase, but am not comfortable enough to make the move.

Since Jan till date, my transactions …

Income Tax

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When you see this logo on your envelop, you know what it means ;)
I always thought that income tax is a good thing - you tax almost everyone and people who earns more get tax more. It's one way of seeking equity. 
I still think income tax is a good thing. But now that I've started worked and is contributing to the tax, I kinda feel the pinch...especially when my income tax jumped significantly.
Unlike my bf, I can't claim tax relief. My parents are both working and earning at least above $1k, no handicapped siblings (CHOY AH!), and the list goes on. Come to think of it, cannot claim tax relief also good la. My parents are working, and although their income is low, they get to socialise, earn their keeps (and spend it on us lol) and, worry less. Ever since my mom started work years ago after being a housewife for eons, she seems less bored. At work, she gets to banter with others and know more about what's going on in "life" versus staying at home doing house…

What's the meaning in my life?

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Take a good 5 minutes to read this article.

We all know life is short, life is fragile and life is unpredictable. Who knows if we'll die the following day, just like how Christina Grimme died unfairly. But, we don't live each day having this thought on our mind every single time. Honestly, how is it possible, and how is it healthy if you have that thought...constantly? We'll be so risk averse that we could do nothing. And maybe, doing nothing could lead you to death....
It's early morning on 13 Jun and I'm on leave. On a break from work. I woke up without a aim - no work = a dull day, but work = a strenuous, mentally and physically exhausting day with meetings, spamming and replying of emails, doing extra work (the so called CCAs) that are not relevant to my core portfolio (and I hate it). I'm someone who can't sit still. I could sit still only if my hands and brains are moving - that is, using the internet via phone or computer. Time goes too slowly for m…

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