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| WE ARE 1! |
Wow, time flies. A year ago on 10 June, I decided to publish the first article on this site. The idea behind creating a blog/website has always been in and around my mind as it allows me a space to pen down my thoughts and occasionally receive comments and feedback from the community. 37 posts later and here we are. A lot has changed in 1 year! Our daughter is now almost 14 months old and starting to take her first steps. We are also looking around and planning for our LO to attend playgroup in about a year’s time. COVID-19 also happened and the current Phase 2 Heightened Alert status just shows how volatile the situation can be if we let our guard down.
Overall, the journey thus far has been meaningful and I am always thankful for the comments and connections made. Looking back at the older posts also allows for some reflection seeing how far we have come as a family in our financial status. No crazy gains like what some others have had, but we are taking things slow and steady.
Given our current status, CoastFI or BaristaFI is our eventual goal whereby we can have that bit of financial security and at the same time have the ability to know that we can pursue something we really want down the line. The amount needed for this with our LO currently is definitely substantial. If and when we do have a second child, this amount will increase further. The current target amount is definitely >$1M but I will delve into the breakdown in a subsequent post.
We have also continued to be disciplined in our monthly investments thus far and this has contributed to the gradual increase in our portfolio. You can check out some of the older posts here to see our progression. I am looking to expand and dabble into the DeFi space to potentially increase some yield.
So what can we look forward to in the coming year? I am looking into the possibility of getting a custom domain and custom website done. If you have any lobang or plugs for either of this, comment below or shoot me an email and let’s talk about it! I am also going to continue shooting videos for my YouTube channel and hopefully we hit 100 subscribers by the end of the year! Do check my channel out if time allows and I appreciate any feedback! We should also be on track for our portfolio to go from 5-figure to 6-figure by the end of the year or early next year.
In other news, we are expecting to receive our BTO by mid-2022. Exciting times ahead as we start to plan for our own home and renovation. I'm not sure if readers would like to follow our renovation planning and execution journey but I will take notes along the way and hopefully this info will be helpful to some people down the line. Maybe I will do a video series on this as well heh.
As someone who is constantly distracted, I find myself constantly looking around for the latest trends and new sources of income. I think the lesson learnt thus far in this journey is not to hesitate or procrastinate. Sometimes, I find dipping my feet in for the experience helps me understand the situation better and allows me to be more decisive. That said, I am always thankful for the support around me and we are doing this to avoid being the next 'sandwich generation'.
So, if you have read till here, THANK YOU! I appreciate each and everyone of you for taking some time out of your busy schedule to stop by and have a peek into my thoughts. If you have any comments or feedback on what else you would like to read or watch on, let me know below!
Watch my latest video here!
SG FI Dad, out.
