This monthly report does not include any 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.
It is a cold month for dividend income. Only $142.00. July passive income was mostly from rental and a fixed deposit which happened to pay out toward the end of the month.
But the most important thing is, I have activated FIRE. Starting next month, I will be leaving my employment job of 18 years. From this blog starting in 2019 to present 2024, I have been monitoring my portfolio's ability to maintain a sustainable passive income apart from my salaried income. My portfolio has weathered the storm of Covid and seen some up and down through the years. So far, I have managed to stay on the positive side without the need to dig into my salaried income. My expense remains low and without the regular salaried income, I am still able to save a portion of the passive income.
Naturally, I received several criticism from the conventional group of people. Giving up a stable government job of 18 years is no laughing matter, especially in this uncertain time. Time however is no longer on my side. As I am nearing half a century old, I can feel my time is running out. Life is short. There are time, when we have to make a life changing decision. And this is my decision.
So where will I go now? I started pursuing my own interest. No! No! Not staying at home play games! LOL. It's a childhood dream which I hope to achieve in my lifetime. Whether I succeed or not, that will be another time to tell the story. So, here I goes...... the official exit from the employment workforce.
