Read more: Portfolio review - Breaks $10 000! and dividends received in March 2019
$100 000 is a rather huge sum and it definitely is substantial to make a difference in your life.
Read more: My Financial Goals - Is $100 000 in 7 years possible?
For now, I would say that I am on track to this goal of $100 000 by the time I am 30 years old.
Currently,
- Cash on hand: ~$12 000
- Investments (stocks): ~$10 000
- Savings plan (NTUC income - Revosecure): ~$7000
Read more: Savings plan - Yes or No
With reference to my goals, I am on target but of course, for Revosecure, which I bought from NTUC income would only be able to cash out when I am 31 years old.
But I still consider it as part of my savings. Anything can happen over the next few years and it can help me reach my goal faster or it might disrupt it too.
I realised that I am not really maximizing my cash on hand but with the recent market instability due to the trade wars, I am hoping to get a chance to deploy my cash into the market for it.
My income is not high so my savings rate though is quite high but the building up is slow. Hope to be able to increase my income in the near future.
But of course, I got to learn all I can in my current job first.
Have a great rest over the long weekend everyone!
