Apr 21, 2023

Cory Diary : Family Income Stress Test

In light of the ongoing COVID pandemic and the economic restructuring that has followed due to high interest rates, I am concerned about the possibility of both my partner and I losing our regular sources of income. As I am not as young as I once was, it may be difficult for me to find alternative income streams that are suitable for my level of experience, which is why I have been considering what would happen if we were forced into early retirement income before reaching the official age.

To better understand our financial situation, I decided to calculate the passive returns we would receive assuming that neither of us is working. 



To prepare for this scenario, I calculated the passive returns we could expect from our assets assuming we are no longer working. The table above shows our asset allocation and the expected annual returns for each type of investment.

Please note that the table does not include expenses such as property tax, loans, and maintenance. The figures presented are based on the minimum return scenario and possible current returns given the dynamic nature of the market. The maximum return is not relevant to our situation.

Assuming expenses in the range of $8k to $11k, we hope that this simple table provides a sense of our financial situation. As always, readers should seek professional advice before making financial decisions and take responsibility for their choices.


Cory
2023-04-23

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.







Apr 14, 2023

Cory Diary : Dividend 2023 Q1

As someone from a family with a history of below-average income, securing a strong financial foundation is a top priority for me to prevent future generations from moving backwards. This means avoiding risky business ventures or jobs that take up too much time, as it's up to future generations to build upon the progress I've made.

To achieve financial security, my focus is on a steady job with a good salary and saving as much as possible. Once I have built up a solid savings base, my next income stream will come from dividend investing, which I have been doing for many years. In the first quarter of 2023, I received $19,000 in dividends, as shown by the ex-dividend guidance from the stock exchange.

Year 2023 Q1 Ex-Dividends

Looking at the trend of dividends received over the years below, I am off to a good start for 2023 Q1 and hope to continue this success throughout the year.


Stock Dividends


Cory
2023-04-14

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.

Apr 10, 2023

Cory Diary : You only young once

It is important to note that the decision to retire is a personal one and depends on individual circumstances, financial goals, and personal preferences. However, here are five reasons to retire as soon as you can, as suggested by Azul:


Health: Stress can have a significant impact on our health, and working longer may exacerbate stress-related health issues. Retiring earlier can provide an opportunity to prioritize health and well-being.

Time: Time is a limited resource, and as we age, it becomes increasingly important to use it wisely. Retiring earlier can provide more time to spend with loved ones and pursue passions and hobbies.

Build Relationships: Building and maintaining relationships requires time and effort. Retiring earlier can provide more time to invest in existing relationships and build new ones.

Passion and Hobbies: Retiring earlier can provide the freedom and time to pursue passions and hobbies, which can bring joy and fulfillment to our lives.

Avoid Procrastination: The desire to work one more year can lead to procrastination and delaying retirement. Retiring earlier can help avoid this tendency and provide a sense of accomplishment and satisfaction in achieving retirement goals.


Cory
2023-04-10

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Articles in this Blog is personal take and sharing purposes only. Reader should seek their own professional help when making financial decision and be responsible for their decision.