Passive Income in 1Q 2024 exceeds S$6k

 

The first quarter of 2024 is on the brink of ending.

While I am grateful to be a wage slave having collected 3 months of salary from work, I am actually not happy because active income is derived from trading time for money, seeing bosses' faces, dealing with crappy work portfolios and worse of all, taking a toil on my mind, soul and body and being taxable.

Real joy emanates from passive income streaming into our bank accounts automatically from doing nothing, other than owning a tiny piece of income-producing cake such as properties, businesses, REITs or stocks.

For Q1 2024. my passive income from Singapore Savings Bonds, stocks and Reits in my investments are as follows:

$123.20 Savings Bond (2 Jan)

$147.50 Savings Bond SRS (2 Jan)

$128.70 Savings Bond (1 Feb)

$93.30 Suntec Reit (28 Feb)

$309.50 Ascott Trust (29 Feb)

$138.00 Savings Bond SRS (1 Mar)

$429.55 Savings Bonds (1 Mar)

$744.10 Ascendas Reit (6 Mar)

$504.84 Mapletree Ind Trust (7 Mar)

$149.60 Parkway Life Reit (7 Mar) SRS

$346.56 Keppel DC Reit (11 Mar) SRS

$330.00 MPACT (14 Mar)

$300.17 Keppel Reit (15 Mar) SRS

$463.26 Mapletree Log Trust (20 Mar) DRP 303 shares

$299.10 IREIT (21 Mar)

$819.00 Aims Apac Reit (22 Mar)

$164.52 Capitaland China Trust (28 Mar) DRP 203 shares

$981.00 CICT (28 Mar) DRP 506 shares

Altogether they amount to $6,471.90.

This is a 21% Year-on-Year increase from my passive income in Q1 2022 of $5,335.98.

Free cashflow is indeed awesome and enjoyable!

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

I strive to continue living frugally, save up, invest in any bear or bull market conditions, slowly and steadily build up my investments, staying on track towards achieving financial freedom.

My ultimate finacial freedom goal is to own an investment portfolio valued at one million dollars yielding at least $50k of passive income annually, or $12.5k of passive income quarterly. I am barely halfway there.

Nonetheless, I look forward to earning more passive income for the rest of 2024.

Thanks for reading.

With love & peace,

Qiongster