Passive Income in Q1 2022

In the first quarter of Year 2022, I received interests from Singapore Savings Bonds and dividends from Reits in my investment portfolio as passive income.

My passive income in Q1 2022 is $4,075.35 from the following streams of dividends and interests. Not a great feat but they certainly cover all my essential expenditures such as food, groceries, telco bills and transport. Even though I did not keep track of my expenses, I am certain that I spend less than $1000 every month, being quite financially secured and on the verge of attaining financial freedom.

This is a 71% Year-on-Year increase from my passive income in Q1 2021 of $2,372.66.

From 1 Jan to 31 Mar 2022, I have received the following dividends.

$112.50 Savings Bonds (3 Jan)

$116.88 Mapletree Log Trust (12 Jan)

$873 Capitaland Int Com Trust (28 Jan)

$114 Suntec Reit (28 Feb)

$119.50 Savings Bonds (1 Mar)

$138.08 Ascott Reit (1 Mar)

$298.14 Keppel Reit (1 Mar) SRS

$92.77 Capitaland China Trust (7 Mar)

$280.48 Keppel DC Reit (10 Mar) SRS

$759.80 Ascendas Reit (11 Mar)

$66.60 CICT (15 Mar)

$279.20 Mapletree Ind Trust (15 Mar)

$72.40 Mapletree Log Trust (22 Mar)

$752 Aims Apac Reit (25 Mar)

Cashflow is King!

I value passive income highly because they do not require much effort nor labour to earn. Furthermore, dividend income is not taxable in Singapore.

Even though my passive income is barely enough to cover my basic expenditure, I hope to continue living frugally, save up, invest in any bear or bull market conditions, slowly and steadily build up my investments.

My ultimate goal is to own an investment portfolio valued at one million dollars yielding at least $50k of passive income annually. 

I look forward to collecting more dividends as passive income in the next quarter of Year 2022.

Thanks for reading. Stay calm and remain strong as always! Huat ah!

With love & peace,

Qiongster