Cory Diary : Net Worth Update and Milestone Achievements

It's been a while since our last net worth update, and I'm excited to share some positive developments. The primary catalyst for the upswing is the increased valuation of our properties, a conservative estimate that has significantly contributed to the overall growth.

Let's delve into the numbers:

1. Property Valuation Boost:

A noticeable uptick in net worth, with property valuation being a key driver.

Despite a year-to-date equity dip of 1%, we've successfully elevated our expected dividend plan to nearly 70k.

2. Strategic Investment Moves:

Our investment accounts are currently on the lower side due to substantial deployments.

Notably, we've strategically reduced the size of our saving cash, redirecting funds into safer assets for fixed income, as reflected in the downward slope of Non-Productive assets.

Surprise Milestone Achieved

An unforeseen milestone has surfaced - the current fixed-rate loan at 1.5% still has a year and a half remaining.

Conducting a stress test, we've realized that, by combining our main saving cash with SSB, T-Bills, and FD, the total amount surpasses the outstanding housing loan. This implies that, in retirement, we could potentially pay off the loan without selling any equity, providing financial security for daily expenses.

As an added comfort, once the housing loan concludes, our outstanding loan will decrease, creating an additional buffer for potential working capital needs.

Potential Milestone - Divergence Growth

One of our challenges is managing family expenses exceeding 100k annually, a figure that continues to rise. To mitigate this, we need to explore avenues to control or slow down the increase. Successfully achieving this would eliminate the need to draw down investment capital, which currently generates crucial dividend income for daily expenses.

Looking ahead, there are two potential strategies: reducing or slowing the expense growth or expanding our portfolio size to generate larger dividends.

In summary, our financial journey has witnessed positive trends, and we're strategically positioned to navigate potential challenges and embrace future opportunities.

Cory Diary

2024-02-24

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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.

Cory Diary : Expense 2023

Currently on routine half-yearly tracking family expenses. To be exact the tracking is based on the outflow from saving account. Before I start it off there are a few items or assumption made.

Figure includes

• "Home Loan"
• A few one-off Medical Expenses - Therapy Sessions etc
• On/Off there maybe Bonus Company Share Sales
• Parental Allowances

Figure excludes

• Income Taxes. I help cover my partner too.
• Partner contributed to some expenses. Assume 15%. May Revisit later on this assumption.

Full Year Comparison

To set the right expectation, it maybe quite big-eyed to see saving jumped 65% for Year 2023 when income do not rise as much. 13% includes company shares sold. Saving is typically a small subset for me due to family, housing, transport, holiday etc. The important rationale is that if we able to keep our expense in check, all the income increase will be channeled to saving. Hence, we see large % increase in saving.

1st Half Year Comparison

Cash Expenses do increase significantly due to many reasons. However, what is interesting to know is that for 1st Half comparison YoY.

There is basically negative cashflow for 1st half of Y2023. Lumpy Tax. What to focus is the cash expenses YoY 47% Increase but overall expense only 9% up. Compared to Full Year chart, the expense 42% as is much more actively watched in 2nd Half of Y2023

Sharing on Expense Ways

Obviously this aren't a sharing of low expenses. Is not intended initially when I start to write this article but strikes me that i could share what efforts have been put in to slow down expense increase with family as this aren't easy ....

1. More instances of more simple home cook food and outside meals.

2. Tighter control on transports. We do more walking.

3. Reduced Fruits wastage and less expensive varieties.

I wish there could be more. There aren't. Is so easy to blow our budgets. What keeps the mood up is the Net Worth still on increasing path. Maybe this is the way to control expense in moderation while increase total assets. We still need to keep fighting the demon within.

Cory Diary

2024-02-19

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Disclaimer: The articles presented in this blog reflect personal opinions and are intended for informational and sharing purposes only. Not responsible of errors. Readers are advised to seek professional guidance when making financial decisions and should take full responsibility for their choices.