This monthly report excludes any salaried income. The purpose of this financial review is to assess the sustainability of my financial independence, focusing solely on the total amount of passive income received. As of 2024 September 1st, I have officially activated my FIRE journey, meaning I am no longer receiving a salary from a traditional job.
Well, Chinese New Year is over, and I am back to my projects. There’s lots to do… :( …and hardly enough time. The month of January was filled with home improvement projects, and I even got myself injured in the process. Ah… old age…
It was a cold month for dividend income, which amounted to only $393.45. Most of the passive income in January was once again supplemented by rental income.
Additionally, a new source of income was introduced—an income insurance plan specifically for senior citizens, which allows for monthly payments for life. (It requires an upfront lump sum investment in a balanced portfolio for better returns.) The uniqueness of this plan is that it is transferable upon death. Since we don’t really need that amount, we’ve decided to let it sit there, generating some side income monthly until its term ends. Aye, the "park and forget" plan.
That’s about it for January. Now, back to my projects…
The portfolio has remained unchanged. The growth of my cash holdings has slowed down since I quit my day job.
