Highlights
2016 is a year that i am truly grateful for. My son was born, healthy and active (really cheeky) ! He has been a handful and basically the reason why this blog was neglected. However, having him in our lives is such a blessing and joy - and i could not ask for anything more !
To further elaborate on the 'special circumstances' of my employment in 2015, my company underwent a restructuring in early 2016. A huge number of employees were let go. The remaining employers were given a small retention bonus. For me, this amounted to a 4.5 month bonus for the FY 2016.
Passive Income
Continuing on from 2015, the Year 2016 has not been a good year for many companies, particularly the ones heavily linked to commodities, oil & gas and banking. This is reflected in the dividend payouts that i had received YTD (2016). In addition, you could sense a feeling of sluggishness in the retail industry. This is echoed by the noticeable drop in the tenancy of many top malls around Singapore.
I received a total of $2,398.35 in dividend for the year. A long way off the $5,000 a month dividend i hope to achieve when i retire.
Major expenses made for 2016 includes the medical expenses for the birth of my son and pretty much everything related to birthing, confinement and child expenses.
With the added bonus that i had mentioned in my highlights, i was able to achieve this $300,000 target at the age of 36.
I received a total of $2,398.35 in dividend for the year. A long way off the $5,000 a month dividend i hope to achieve when i retire.
Expenses
Major expenses made for 2016 includes the medical expenses for the birth of my son and pretty much everything related to birthing, confinement and child expenses.
Goals
Last year i missed my immediate financial goal (excluding CPF) to accumulate $300,000 by the age of 35.
