Looking back on my financial progress for December 2024, I’m thrilled and grateful to report that I’ve seen a robust growth of 14.33% in my financial assets. As the year closed, my assets stood at an impressive 86.44%, up from 72.11% at the end of 2023. I’m now just 13.56% shy of reaching the ambitious goal I set for myself.
To give you a clear picture, the total value of my financial portfolio includes contributions from insurance savings, savings accounts spread across POSB, OCBC, and CIMB, fixed deposits, as well as investments in Singapore Savings Bonds, Singapore Treasury Bills, my current stock holdings, and my Supplementary Retirement Scheme.
So, what’s the aim of all this?
My ultimate financial objective is to amass enough wealth to retire early in Singapore, which ties back to my previous discussions on the difference between financial freedom and financial independence. For me, these financial goals serve as the compass guiding my journey towards financial success. Establishing these objectives is crucial because they fuel my motivation and provide a clear path for managing my finances wisely. By setting specific goals, I’m able to keep track of my progress and celebrate the milestones along the way.
