Net Worth Update May 2022 | Growth Stagnated
By Live Rich Life Free  •  May 14, 2022
It is middle of the May month for another typical net worth update. Having collected my May 2022 salary, Apr 2022 CPF contributions and some dividends from my SGX income portfolio for this quarter, I paid off all my credit card liabilities and bills. Being debt free allows me to own a peace of mind to sleep soundly. The stock markets have crashed due to the immense noises of recession fears, interest rate hikes, commodities prices spike, inflation, pandemic, war etc. and wiped out more than $10k of my net worth. As a result, my net worth stagnates at $1.26m. I have completed SRS contribution of $15.3k, RSTU of CPF SA account of $8k and plan to start top up my mum's CPF RA account. I have transferred a matured fixed deposit with UOB to OCBC at 1.28% p.a. and tempted to subscribe the Jun 2022 tranche of the Singapore Savings Bond which offers around 2.5% p.a. yield for the next 10 years....
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By Live Rich Life Free
The purpose of this blog is for me to share my reinventions of how life should be lived and journal my journey towards financial independence. I believe that life is a story book. Each chapter contains 10 years of our lives. I am moving on towards mid 30s in 2021. As a nobody but somebody, I am in Chapter 4 of my story book. I hope to influence my philosophy of living a rich life freely and healthily with all of you. Embrace the future and empower freedom!

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