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.
A troublesome, many domestic affairs to take care. Ah..... I am exhausted. Well, still going on.
After a fat dividend payout in March, April reduced to an amount to $1876.80. But the month of April was boasted by some of the investment returns from the unit-trust. A good start for the second quarter.
This month saw the big changes in the property policies in Singapore. Now a Singapore citizen who wish to purchase a 2nd residential property will need to pay an additional 20% stamp fee!!!! A dramatic raise from 17% to 20%. This sort of crash the dream of many middle income group people who may have hope to acquired a 2nd property for investments.
This also promote a growth in rental increase across the industry. But we decided not to increase the rental for time being. Why? More money is good? Perhaps, but our orientation is different. Stability and consistency are what we are looking for in a second property.
That modest small old HDB property which has been generating stable rental income for our household may not hold a candle compare to those private apartment. But, it is still a passive income which form a part of our monthly household income. And over the years, we have reinvested the rental income into other form of investments which brought in additional passive income. So, we are not heavily depends on raising rental income to cover the rising inflation cost.
Well, for this year anyway. Next year when the tenancy ends, we will see how it goes.
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