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Net Worth Update July 2022 | SGD1.3m In Sight
By Live Rich Life Free  •  July 16, 2022
My net worth increases to $1.296m. On the brink of breaching $1.3m. This is after collecting my July 2022 salary, Jun 2022 CPF contributions and more dividends from my SGX income portfolio and paying off all my credit card liabilities and bills. I received a boost from the maturity of proceeds of an Great Eastern endowment plan purchased a decade ago. As a result, the portion of insurance drops to 5% and my cash war chest increases to 20% of my net worth. I have completed SRS contribution of $15.3k, $8k RSTU of CPF SA account and $8k RSTU of my mum's CPF RA account for 2022. For my SGX income portfolio, I have increased my investments by initiating a position in IREIT Global and adding Mapletree Commercial Trust for more dividends in future. I plan to subscribe for the next few months of Singapore Savings Bonds, which should yield more than 3% on average for the next decade....
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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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