Finally, the time for the big 3 is here as I bid farewell to the 20s of my life.
I turned 30 years old today and as part of the customary edition of the annual post, I usually tried to review part of my finances as a comparison against the target I have set for reaching financial freedom at the age of 35.
For the past couple of years edition, I have provided the short link below:
29th Birthday Edition Post – What’s the next target?
28th Birthday Edition Post – What’s the next target?
Financial Freedom Target
| Year | Year | Starting Capital | Cumulative Annual Capital Injection | Dividends on Starting Capital | Total Yearly Dividend Payout | Monthly Passive Income |
| 0 | 1/9/2012 | $100,000.00 | $60,000.00 | $6,000.00 | $6,000.00 | $500.00 |
| 1 | 1/9/2013 | $166,000.00 | $60,000.00 | $9,960.00 | $13,920.00 | $1,160.00 |
| 2 | 1/9/2014 | $245,920.00 | $60,000.00 | $14,755.20 | $19,190.40 | $1,599.20 |
| 3 | 1/9/2015 | $345,030.40 | $60,000.00 | $20,701.82 | $25,453.25 | $2,121.10 |
| 4 | 1/9/2016 | $469,594.05 | $60,000.00 | $28,175.64 | $33,302.84 | $2,775.24 |
| 5 | 1/9/2017 | $627,460.53 | $60,000.00 | $37,647.63 | $43,245.80 | $3,603.82 |
| 6 | 1/9/2018 | $828,572.82 | $60,000.00 | $49,714.37 | $55,909.12 | $4,659.09 |
| 7 | 1/9/2019 | $1,085,594.23 | $60,000.00 | $65,135.65 | $72,090.20 | $6,007.52 |
| 8 | 1/9/2020 | $1,414,705.83 | $60,000.00 | $84,882.35 | $92,807.76 | $7,733.98 |
For those who are new readers of the blog, the above is a projection target which I have set very much earlier when I started the blog almost 5 years ago. This represents a goal which I am keeping track of myself each year to gauge where I am standing in front of the big target.
As you can see from the latest portfolio update I did for the month of Aug (See Here), I am very well behind the target of $345,030.40. I spoke a few times about the difficulty in achieving the target for this year because of more family commitments but I’m not giving up the hope yet. The market for this year is also mostly down which brings about relatively unreasonable assumption that it will go in a straight line upwards. Having said that, I am silently confident that if the market represents some compelling opportunities in the coming months ahead, I might be able to nudge the goal well ahead for next year. I’ll be keeping my finger cross for this one.
Birthday Celebration
On a slightly lighter note, I treated myself quite a bit of presents these few days.
First off, my Dell 5423 laptop which has served me well throughout my MBA days, has gone shut right on the day of my birthday. Given that some of the components are a little weary after using it for some time, I think it’s a good time to have them changed and today I bought a new Acer V3-371 at Best Denki at a price of $1,198 after promotion price, with a very good specs of i7-5500U, 16GB memory drive and 240GB SSD, which compares very well against many others with a higher price.
Second, I also bought myself a new Adidas running shoes after tearing the front for my current one. Having a new shoes definitely pushes the motivation to exercise than having a hole-in-the shoe to run. I spent about $148 for this one at an adidas store after finding the Nike running shoes much more expensive.
Third, I also treated my family to a presumptuous dinner at Tung Lok Private Dining at OUE Tower, which allows diners to enjoy a revolving full panoramic view of the whole Marina Bay Sands and Fullerton area in full sight. Of course, I had to choose the place because I am recently vested in OUE Commercial and had to support them π (just kidding).
The course dining for the weekends was having a promotion at $80++/pack for a 7 course meal, which I thought was well worth the value because of the ingredient of the food used and the private dining experience.
And of course, a fun filled companion with family does complete the celebration, though I do wish my Dad, Sister and Little Kiddo were here to celebrate the event as well.
So that is it. I will be starting my 30s journey from now on and I am exactly 5 years away from the financial freedom target. It’ll be a whole new experience and I shall end off with a quote I have always used.
“Dream as if you’ll live forever. Live as if you’ll die today”
~~
Oh, do you know that my birthday also happens to fall under the same birthday as the great legendary Warren Buffett? Just saying, HAPPY BIRTHDAY Warren too π
Happy birthday bro. Btw you have been doing great, keep up the fantastic investment work! Great inspiration
Hi Paul
Many thanks for your kind wishes. Hope things work out well for you over there too π
Hi B,
Happy Birthday! May you be as successful as Warren Buffett!
Cheers,
Farmer.
Hi PIF
Thanks for your well wishes, though I am certain I won't be as successful as the man π
Happy Birthday!
Thank you Uncle CW π
Hi B,
Happy Birthday!
I doubt I have ever eaten most of the items on the menu. Maybe I will go to the same place as you next year when I hit my big 3? :p
Anyway, all the best for your next 5 years. It will be an credible achievement to be able to reach FF at 35!
Hi 15hww
It's a special event so I think it's worth the splash moreover on our very own family.
Looking forward to how you will be approaching 30 next year π
Happy birthday B,
Boy, u are young. Enjoy your youth!
Hi SI
Thanks for your well wishes π
Happy birthday B, just a question, how did you project 2k plus monthly income based on 345k portfolio. Like you, dividend yield is important consideration for me. But assuming at an optimistic average yield of 4% for the entire portfolio, I only get 13k annual, which is just over 1k per month. Look forward to your insights.
Hi Trademarksg
The yield for the target above is based on 6% while my current portfolio yield is only at around 5.3%. They are just a base number to work on, I won't put too much concentration on it.
Happy birthday B, just a question, how did you project 2k plus monthly income based on 345k portfolio. Like you, dividend yield is important consideration for me. But assuming at an optimistic average yield of 4% for the entire portfolio, I only get 13k annual, which is just over 1k per month. Look forward to your insights.
Happy birthday B. May you be blessed with good health, happiness and success in all aspect of life. Cheers!
Hi Sanye
Many thanks for your kind wishes. May health and success goes to you and family as well.
Happy birthday B, have a good one and welcome to the big 3 club. haha ;P
Hi Q
Thank you for your well wishes and for welcoming to the big 3-club π
Happy birthday!
Hi Alen
Thank you much!!!
Happy Birthday!
δΈεθη«
You have just started!
Enjoy!
Hi SMOL
Another milestone finally reached.
Now every steps need thrice to think before doing π wink*
Happy Birthday! Impressive dividend yield you have in your portfolio.
Hi Sweet Retirement
Many thanks for your gesture and compliments.
Hi B,
Happy Bday. I just celeb mine yesterday.
Hi B,
Happy Bday. I just celeb mine yesterday.
Interesting set of targets. Seems extremely aggressive in subsequent years. I suppose there are some other active sources involved as the expected CAGR seems high. Regardless, great progress, good luck and Happy Birthday!
Happy belated birthday, B! No worry about the portfolio value goes side way, as long as dividend is hitting target. Look how many millenials are way behind you.