New Goal - $600k cash by 35

I've been hitting my cash savings goal on target.

First, it was $100k by 28. I reached it at 25.

Then, I set a goal to save another $100k by 28. I reached it at 28.

I didn't set similar goal for 30. But, what I set was to receive $1000 passive income per month (see my goals on the left side panel of my blog). Back then, my thinking was to derive this passive income from stocks. However, my SGX portfolio is pretty pathetic - with $80k pumped in, my paper value is only at $60k with a dividend yield at 3.2%. I'm hoping to venture beyond local stocks through Tiger Brokers given it's low fees, and hopefully it'll spur my investment journey. If you're keen to join, pls use my referral link please.

I realised beyond income from stocks, I could derive income from other sources too - where I receive around $600 to $1500 per month. Not too bad, but it is likely to drop since most of the income comes from high-interest savings account which banks are now cutting interest rates. 

Anyway, by continuing my frugal lifestyle despite getting married/holding wedding ceremony for ~200 pax, getting a flat in a mature estate, renovation etc, I somehow managed to save another $100k by 30.

My breakdown of the $300k cash is here. Not too bad hor?

And this is after topping up $14k to my mum and my RA/SA yearly (I've shared about my total CPF of $140k as at 2019, and a $6k interest generated). 

Someone commented in my post if I've a retirement goal in mind. I don't. My savings goal mainly is for me to feel secure enough to make bolder decisions (for example, firing my company if I can't stand my bosses or colleagues - WHICH HAPPENED, but #; or think less about buying things I want - which is rare...; to booking that holiday I eyed).

I figured I ought to set a new goal to work towards. And that is to double what I have by 35. 

$600k by 35.

Let's do it



  1. Hi, that's an impressive feat for savings :)
    Could you share more about your spending for reno and applicances? Ta

    1. Hi there, I've previously blogged about the household appliances I bought -
      I may do a more detailed posting :)

  2. You are an extremely prolific saver. Respect!

    1. Thank you. I wish I was stronger at investing to catapult my finances!


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