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Net Worth Update Sep 2023 | SGD1.5m hit!
By Live Rich Life Free  •  September 15, 2023
S$1.5m My net worth hits my target of 1.5 million SGD for 2023! This will be a quick update before I jet off to Seoul, South Korea for a getaway. The increase is due to contributions from salary, CPF savings, dividends, together with rebound of Reits' market prices in my investment portfolios after more certainty in the direction of interest rates. CPF savings form the bulk 37% of my net worth. I have already achieved full retirement sum in CPF SA and topped up my Medisave account to the basic healthcare sum of $68.5k early this year. Cash and war chest constitute 18% of my net worth. In the current high interest environment, my cash is being stashed away in bank fixed deposits yielding more than 3% p.a., in Fullerton cash funds under custody of Moomoo and Tiger Broker, and in Money Market Funds held by Phillips Capital yielding around 3.5% p.a. with interest paid daily....
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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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