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Showing posts from May, 2017

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 …

Buying insurance is a responsibility

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Growing up, I never had any insurance plans. My mom defended that my dad never had enough money, so how in the world would they have money to pay for our insurances? You may judge me, but I felt that was an irresponsible thing to do. Thank god we never had to be admitted to the hospitals, but what if something happens?

I was really emotional about our lack of insurance plans. I felt that they didn't care. The only thing they bought was an endowment plan that matured when I turned 21, I believed. The last I knew, this plan didn't even give profits. I was angry, but my anger subsided after I reflected on this - my parents are not well-educated. They didn't even have their own hospitalisation plans, and my dad even thought that he could rely on his company's hospitalisation subsidies should anything go wrong. I chided him for thinking this way. He's in his 60s already. If his employment ends with his company, who is going to insure him? Who is going to pay for his me…

Get your wisdom tooth extracted at govt hospitals

I previously complained about my wisdom teeth.

Some people are lucky - they either dont have wisdom tooth, or their wisdom tooth grew well vertically.

Since young, I don't have much luck with my teeth. I had braces done for very vain reason because my front tooth was protruding outwards. Other than that, the rest of my teeth are generally fine. I recalled paying $3500 back in 2005-2007. Oh man, that was a long long time. I'm not sure how much braces cost nowadays, but it was a lot of money back then considering how I had to dig into my savings. Anyway, I don't regret this cosmetic surgery since it gave me confidence to smile properly.

Back to my wisdom tooth, I knew back in secondary school that I had some growing in my gums. My dentist told me when I did my xrays for the braces. But as it was still growing, there was no way of getting it out. The dentist did hint that my tooth were likely impacted judging from how they grew.

Fast forward to today, it was during a recent d…

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