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Net Worth Update Feb 2024
By Live Rich Life Free  •  February 17, 2024
S$1.587m My net worth increases to S$1.587m in Feb 2024. This is after CPF contributions from Jan 24 salary and savings from Feb 24 salary. CPF forms the bulk 37% of my net worth. I have already achieved full retirement sum (FRS) in CPF SA and has completed $8k top up to my mum CPF Retirement Account for some tax relief. Cash and war chest constitute 17% of my wealth. In the current high rate 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 more than 3.5% p.a. with interest paid daily. Singapore Savings Bonds ($140k) and Astrea 7A PE bond ($9k) are low-risk bonds contributing to 10% of my wealth. Together with CPF, cash and war chest, they amount to 64% of my net worth as safe assets. I will skip the coming Mar  ...
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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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