Monthly Financial Updates

This monthly sustainability report does not include any of the salaried income. The basis for this monthly financial review is to gauge the sustainability status of my financial independence based on the total amount of passive income received.

So a new month begins. As soon as our government relax the rules on Covid-19 entering into phase two. Our medical expenses shot up for the month of June! Well, acupuncture services are back and here we go again.

This month saw the closing of 2nd quarter as all the remaining companies paying out the last of the 2nd quarter dividend which amounted to $4856.20. Rental income remained consistent. A new addition is the DBS multiplier's interests, which I had blogged early in June about how I have tested it and turned it into another money generating tool, following along the concept of money makes money on its own without me looking over its shoulder.

 

The 2nd quarter closed for us with a total passive income of $17,322.19 received, this amounted to an average of $5500 per month. After offsetting the monthly expenses, we manged to save around $11000. Well, so far so good. At this rate of saving, by next year we might accumulated enough to buy another fixed deposit.

Dividend Portfolio remains little change. I invested a little bit into the market when it weakened in the 4th week of June. But overall, it did little to change my overall allocations of the investments. My war chest still retain at 3%, so I am still able to buy into the market should it present any good opportunity.