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.
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