Net worth 2021

I tabulated my net worth taking into all the assets

CPF

Money in banks

Investment (at cost price)

Minus liabilities

Car loan

Housing loan

My net worth grew 82k to 316k.

HIP completed

Finally the day I have been waitomg for is here today. HIP has been completed. 

Spent last 2 hours wiping and mopping floor after ah nei did the washing.

Paid the ah neis to clean up cos i dont have the energy to clean the master, living and kitchen. Paid 150 for 2 ppl. They finished the work in 1 hr. Well problem that can be solved by money, is no problem. 

Will continue to do wiping using the cheap wipes i bought. 

HIP starts

HIP starts today 17 to 29 dec, spent last 2 days plastering all over the place but seems futitle.

Singtel - loading it

I bought another 5000 shares of singtel at 2.39 each.  

Will be gradually loading it as i get more savings from my bonuses.

Grateful

I should be grateful that I am able to afford my house, a car and my current standard of living to my present company. Without it, I doubt I could afford these 2 luxuries as a sole breadwinner.

I recounted my days, was agent for 1 year after graduation. 6 mths at bank call centre, 2 years at sme writing articles, and 11 years into my current job. I wasnt able to save much monies after 2008,9 because I had to pay rent, car for my boyfriend then from my low pay of 2.4k (takehome around 2k, of which most of it went to these 2 items).

After switching to my current job in 2010, started having increments of a few hundreds and by 2013, was earning enough to rent a place to stay (1.5k per mth) and still had to pay for car.

Savings were little but still able to save and invest abit 10k/yr.

A few years ago, I started to plan my path, I realised I could never retire young with 10k a year. Decided to up it to 30k (not easy).

30k is no mean feat, it means 2.5k per month. Till date i find it hard to save 2k. Some months need to dip into my savings, due to car insurance, road tax, income tax, holiday expenditures.

My current job has allowed me to afford a flat, car and still have savings to FIRE. I am halfway there. Goal is 500k cash/investment.

Singtel

Bought 5k of singtel at 2.51. Will continue to load up on it if the price were to go to 2.

Enhanced FRS

Just realised I reached enhanced FRS of 2021.

Combined OA and SA exceeded 279k.

Yippee...but I still need to keep my OA sums in my OA because still have outstanding house loan of 287k.

the 10 weeks, 10 months, 10 year rules

A few matters have been on my mind

1) My own health - whether to go or not to go for surgery

2) My hubby health - all the treatments and the risks for his conditions

3) My work - feeling increasing stressed. Gave some honest feedback via the survey but not sure whether will get into hot soup. So am looking around to see what jobs I want to do in the event I got fired

4) HIP - due to the lockdowns, my HIP of my block had been postponed

Applying some tips that could alleviate my anxiety. in 10 weeks, or 10 months or 10 years, would any of the above still be an issue?

for 10 weeks, maybe 1,3 and 4 still persist

after 10 months, maybe only left 1

after 10 years, maybe none

Feeling vexed but now after analysing the above, felt some kind of relieft.

hopefully will remember to come back and review the above matters, in 10 weeks, 10 months time (certainly not 10 years).

Initially was thinking of investing another 25k into Singtel, but as my hubby condition cropped up just this week, there might need some monies along the way, so has put off the investment till maybe after his condition is stablised. 

Becoming a shopaholic

Ever since the pandemic started in early 2020, with the frequent lockdowns, am stuck in my home perpetually 24/7.

Even when going out, I only frequented the shops nearby my house or Bedok Mall.

As I am not a foodie, am not keen to travel distances just to queue up a long while to tapao nice food. A cup of coffee and anything would be sufficient for me.

Due to the lockdowns, have been wfh for a few months. 

Whenever I have some free time, I would get an impulse to shop online for space saving or home uses stuff. I find myself buying stuff 2-3x a week.

I bought another slippers from Sketchers when I got the chance to go back office on 1 Oct for that 1 day. Bought a wireless massenger also on that day, mainly because I can't go for massages. Pre-covid, me and my hubby would go Batam for a 2-day-1-night trip and get 2 hours of massages. Gone were those days.

Bought a set of 10 pcs of chopsticks...

at the rate that I am going, I will not be able to reach my financial goal as fast as I want to. 

The reason I could think off, is that I have nothing much to do at home. Apart from the usual household chores, I don't really have something that can keep me occupied. So usually I would turn to TV or game (only playing 1 game and get sick of it from time to time).

Tried to read some books but when I am stressed from work, the last thing I want to do is read....couldn't read even though I have borrowed some ebooks...

I hope wef tomorrow, I would spend more time exercising. I would be able to exercise as it is 2 weeks since my 2nd shot of Moderna.

Hopefully it takes away some of the boredom and stresses from work. Wanted to go for my runs, but when I think about the covid situation and my frail hubby, I decided to exercise at home instead, and lose some weight.

The stress from work, the upcoming HIP, my medical condition, is causing me mood swings, and everytime i would turn to online shopping to alleviate/run away. Having the blues thinking of tmr. And have been trying to stop myself from resigning on impulse too. 6 of my colleagues have left since June 21. Whenever I see someone leaving, my impulse would come.

Maybe today I will go take a walk.

Singtel

Bought 10k shares of Singtel at 2.32 using CPF monies.

At end of this year, will target to invest another 20k cash in stocks.

Am looking at singtel, f&n, keppel if it drops below 4/share.

f&n

Recently I bought 10 lots of F&N @ 1.49.

Reason for buying, it is below its nav of 2.05. And it has brand names under its belt that are household names.

And I believe if a depression comes, it is one company that will survive.

if I f*cked up at my job

If I screwed up my job, my investments could last me 7 years, without a job. My cpf can sustain my house payments for 11 years.

This is something that gives me peace of mind every night, knowing that my job is not my everything.

New house

I moved to my new place at Bedok, a 4NG high floor flat on 20 June. 

I was actually looking forward to moving in, but after the actual move, I immediately regrets it. The tons of boxes (to be exact, 55 boxes) to unpack and re-arrange.

I am two days in, with my hubby, we have unpacked most, leaving 10ish boxes. 

Home is looking abit like home.

Just now, when I was getting ready to go buy dinner, one of my dogs (got 2 dogs) peed so much urine in the living room to the kitchen. I lost it, and beat the crap out of it. Had to clean up by hand....

Looks like I just need to be ready, to clean up pee and poo for this week...

Quitting

Recently the idea of quitting crept into my mind, occupying my mind every now and then.

I have even went to look at the job websites to see what kind of job I may want to pursue.

Each time I did this, a lot of negative thoughts would drown me. Why? I looked at the job description, I felt like I did not possess any of the skills that employers are looking for. Data science, computing, etc.

I also know myself, i have tried insurance (1yr), writing (2 yr), call centre (0.5yr) and current job (11yr+). I can't sell myself. 

So each time after browsing the jobs, feeling very dejected, I would reflect what is so bad about my current job.

Direct boss is good, colleagues are good. Has upcoming major projects that would need me to do till 2023. Having the ability to work from home. Able to afford my current lifestyle because of my pay. Staff is so so.

Compared to my 11+ years, this year is not the worst. I had worse years in 2015, 2017, 2018 and last year. I was very close to throwing my resignation letter, but I pulled back because I do not want to repeat the mistake I made when I resigned in 2007 amid the financial crisis. Now we are in post pandemic times and a looming depression ahead.

Even if i could find a new job, i may not find the good people, colleagues i have. 

One reason I felt like quitting, is the dread I felt towards my work. Nothing excites me and I find myself dragging myself to work. It also affected my personal life as I cant stop thinking or worrying about my work. It is either my job or my sanity.

I will give myself another 2 years, meanyime I will try to learn new skills.

New resale car toyota wish 1.8l

Just changed our car, from camry (left 1 year coe) to toyotq wish 1.8l (5 years, 2 mth).

Sold camry at 27.5k, bought wish at 65k.

Mthly instalment 816 (around 500 less).

Road tax 980 (around 900 less)

Insurance (around 200 more)

Petrol 80 (maybe save half)

Potentially save 8k.

Reason for selling is that the camry is quite ex, and had left only 1 yr. So my hubby wants to sell it off while it hqa value. His friend offered to buy from him at 27.5k. After full settlement, got 13k back. Plonk down another 6k plus for the wish

New resale house

I have just completed the purchase of our resale unit in Bedok.

We bought it at 389.5k, no cov. The house is in its original condition, so except for the broken marble flooring, everything needs to be renovated.

Luckily the hip will be in q3, so at least we need not reno the toilets though we have to use the existing ones (eeeww) when we move in june 2021..

We budgeted for reno works of 30k, which includes kitchen, wiring, painting and windows and doors.

QAF

Booked a small profit of 900ish from sale of 5k qaf at 0.97

Downgrade my hdb from 5rm to 4rm

Second half last year 2020, we began to look for areas and houses to target to move to next.

We were very picky because we initially want a flat that would meet our wishlist

1) squarish living room

2) longish kitchen

3) high floor

4) corner

5) windy

6) no need major reno

7) cheap

With the above, we went searching, ploughing through propertyguru and 99.co to view flats.

We actually narrowed down our search to jurong west, teban and pandan garden, as they were close to my mum place. But each time we saw something we like, other woul beat us to it. This went on for 6 mths.

Feeling very rejected, we were resigned to continue living at our place. But heaven has other plans.

We actually chanced upon a bedok unit but it was small, a 4NG.

But unit was high, at 11th floor. Corner door to door. Windy, longish kitchen and square living room.

Only 1 con was that it was blocked by a bto, but still it was quite windy. Another thing was that there will be hip. We were not keen on it but agent wants us to offer and we just offer 500 more than last price. And the deal was closed on that night. We only reached home at 1pm.

2020 dividends

I was looking at my 2020 and 2019 dividends.

2020 dividends were 180 plus dollars higher than 2019.

It was abit surprising but the primary reason was i stocked up on singtel stocks hence thought other companies gave lower dividends, overall it was still up abit.

FIRE

I have some thoughts recently. Due to change of management at my company, staff were either asked to retire or not renewed totally.

There is real fears that my department will be gone. Things change rapidly.

I fear my job will be gone soon. At 37 years of age, my skills are not transferrable. That day will come soon.

To prepare myself for the inevitable, I decided to downgrade from 5 room to 4 room.

Over the past 4 months, we have been actively looking for a 4 room flat below 400k. And we managed to secure an option just last sat.

Now we turned our focus to selling our current flat.

We need not wait for the sale funds to be able to buy the new hdb. 

Hopefully we can get 500k for our flat.

So after doing some calculation, I would be able to reduce my debt from 202k to 140k.

I should be able to fully pay off my loan in 3 years.

2 jan 2021

I started the morning doing a yearly review of my net worth.

I started this in 2018.

I used my assets - my liabilities = net worth.

My assets include cash, cpf, investments. My liabilities consist of our home loan and car loan.

This year my net worth went up from 141k to 234k.