Not sure if I am there yet. Basically I am effectively drawing down my cash each month, primarily due to 2 things : mortgage and income tax
mortgage (after CPF) is about $9k per month
income tax is about $5k per month
My investment cashflow covers all my other expenses, including utilities, groceries, handphone/internet bills, insurance, property taxes, condo maintenance fees, personal spending.
With some input from wife who is still working, I am still out of pocket by almost $11k per month.
She will continue to be able to save a decent sum per month and I'll let her grow that and managed it for her via safe investments.
Am I comfortable? Not really. I will if I am not out of pocket per month.
If I really stop working for good, the income tax amount will go to $0 after 2025. So only mortgage left
We can pay off the mortgage but I think I said before, it doesn't make sense since it's our home and we will be locking the money up with little leeway to do other things.
So I think it all depends on how my stocks performs by end of 2025.
But meanwhile, will continue to keep healthy, enjoy life, continue investing, continue keep mind sharp, eyes open for jobs, and get my coding training done.
Will of course continue to worry, but it should be positive stress that pushes me in positive way, nothing negative. It may seem scary, but its not actually. I am getting the hang of enjoying life without needing to report to any boss, or manage any deadlines. Life is good!! Wish myself success!! lol
Portfolio for SG market still above the feel good SGD 1M threshold.
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