Stocktake

At the end of each year, I would usually do a stocktake of my assets - cash, cpf, investment etc.

This year I decided to consider my liabilities - house and car loan.

My net worth is 141k.

This is quite dissappointing as I have worked 13 years and managed to accumated 10k+ a year.

Though dissappointed, I am grateful it was a positive figure. Imagine if it is a negative one.

This made me think real hard about not change my property, at least not to buy a higher price home and car.

If I had bought a condo, my net worth would be negative. Though negative net worth does not mean the end of the world, it does not gel with my determination to retire in 4 years time with passive income of 15k a year. I think by end of 2020, I should be halfway there with 8k passive income. 

If I could save and invest 200k over the next 4 years, I could reach my goal.

Less is more. I hope by end of 2020, I would have added 50k of stock investments.