In July 2025, my net worth surges to S$1.93 million record high boosted by the recovery of S-REITs in my investment portfolios, salary and bonus savings.
Net Worth Breakdown:
Safe Heavens (62%)
CPF (34.9%): CPF 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 (17.5%): Liquid reserves strategically stashed in fixed deposits and Fullerton cash funds earning around 2.0% p.a. provide me with a peace of mind and security for unexpected expenses or investment opportunities.
Bonds (9.3%): A balanced portfolio of low-risk Singapore Savings Bonds and Astrea Bond ensures stability and provides steady source of passive income.
Retirement Savings (16%)
SRS (11.5%): A tax-deferred savings account holding 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. Recently, I have stashed away all the idle SRS funds into Fullerton SGD Money Market Funds to yield ~2% p.a. instead of meagre 0.05%.
Insurance (4.5%): 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 (22%)
Stocks and Reits (22.4%): 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.
The Pursuit of FIRE
Net worth is more than just numbers—it 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 streams 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 have accelerated my pace of surpassing the short-term milestone of SGD 1.9m. I am looking forward to hit SGD 2m milestone in the coming months and $36k annual passive income by end of this year.
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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