In October 2025, my net worth has crossed the SGD 2,000,000 milestone, mainly turbocharged by the S-Reits and DBS in my investment portfolios, CPF contributions, US option premiums and salary savings.
Net Worth Breakdown:
Safe Heavens (60%)
CPF (34%): CPF still constitutes the bulk of my net worth and foundation of my retirement savings. It is a low hanging fruit tree that we should not ignore.
Cash and war chest (17%): Liquid reserves strategically stashed in fixed deposits and Fullerton cash funds earning around 1+% p.a. provide me some peace of mind and security for unexpected expenses or investment opportunities.
Bonds (9%): A balanced portfolio of low-risk Singapore Savings Bonds and Astrea PE Bonds ensures stability and provides steady source of passive income.
Retirement Savings (16%)
SRS (12%): A tax-deferred savings account serving as a supplementary source of retirement savings. My SRS funds are invested in $30k of SSB and 6 local stocks - Comfortdelgro, DBS, OCBC, Keppel DC Reit, Keppel Reit and Wilmar. I have subscribed to 1,000 Keppel DC Reit preferential offer shares at $2.24.
Insurance (4%): A Prudential whole life insurance plan and other savings plans will provide me with 6-digit lump sum payout after my retirement while offering continual protection for peace of mind. I have also upgraded my Medishield Life to integrated shield plan for private hospital coverage.
Equities (24%)
Stocks and Reits (24%): A real estate-focused portfolio of stocks and Reits provides long-term dividend income and stability. This financial asset class is riskier, more volatile and sensitive to interest rates but offers me the opportunity to indirectly own diversified portfolios of industrial, retail and commercial properties locally, and around the world for consistent passive income. I am currently more active in the US stock market by selling cash secured put options to collect premiums from tech companies that I want to own i.e. AMZN and ADBE.
The Pursuit of FIRE
Net worth is a snapshot of our financial health calculated by subtracting liabilities from assets. In the context of FIRE (Financial Independence, Retire Early), net worth becomes a critical compass. It reflects not only what we own and owe, but how close we are to reaching financial freedom.
By building passive income cashflows and increasing net worth, we move toward a point where our investments and savings can cover our living expenses without active work. This is often referred to as the “FI Number”—the amount of net worth needed to sustainably fund your lifestyle, typically based on the 4% Rule or similar frameworks.
But the pursuit of FIRE is not merely a race toward early retirement. At its heart, it is about reclaiming control: of our time, our choices, and the way we experience life. It’s about creating flexibility—to work if we want to, to take breaks when needed, or to explore passions full-time.
This journey is a deliberate investment in security. As our net worth grows, so does our buffer against life’s unpredictability. We gain confidence to navigate challenges without the looming pressure of financial instability. Financial independence empowers us to design a life we do not need a vacation from, with space to breathe, to live, and to thrive.
The recent resurgence of stock markets hitting new highs has accelerated my pace towards achieving the psychological milestone of SGD 2m, which I am lucky to have achieved before age 40. Moving forward, I am looking forward to at least $36k annual passive income by end of this year and growing my net worth to SGD 3m by year 2030.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. It's crucial to conduct your own research or consult with a qualified financial advisor before making any investment decisions.
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