SG Financial Independent Dad

Thursday, April 8, 2021

Alternate Income Report: Mar 2021

The first quarter of 2021 has passed so quickly. We went for a staycation last week and used up our SingapoRediscover Vouchers to offset most of the cost. Quite surprised to see that a substantial amount of vouchers have not been utilised. We were impressed with Carlton Hotel's service and location (*not sponsored in anyway). Anytime we were peckish or needed to head out for a walk, there were plenty of options for us and the LO. I must say it was a much needed break and 'getaway'. And as we enter into April, the wife and I have started preparing for our LO's 1st birthday!

For Mar 2021, we received $91.30 from interests and dividend returns. Not quite there yet at $200 per month that we are aiming for. This month’s alternate income is almost 50% less than each of the preceding months. Upon examining our projected dividends for the year, Mar and Nov appear to be our 'dry spells'. This means given we maintain our current stock holdings, we can expect that our alternate income inflow will take a dip during this period every year. Understanding the highs and lows in such projections is important for us as we plan to use our alternate income to supplement our daily lives.

As we enter the second quarter of 2021, we are constantly striving towards this target that we set for ourselves. One positive step we took in March was applying for and being allocated some of the Astrea VI PE Bonds. We are confident that we will reach our goal of $200 per month in alternate income for 2021 with our continuous DCA entry into the market.

On a separate note, I have started a YouTube Channel showcasing my hobbies. If you are interested, you can watch my latest video here! Any feedback, subscriptions or comments is deeply appreciated!

My YouTube Channel: LINK HERE!

My Instagram: LINK HERE!

Sunday, April 4, 2021

Kopi Money Series Part 2: Toluna

Cryptic coffee and notebook photo.

Back with another post on ‘How to make Kopi Money’. It seems that the previous article on Milieu Surveys was quite popular. I hope I can make this into a mini-series and give you all tips and tricks to make such kopi lui. As I said in my earlier post, participating in these will not make you extremely rich and it is most definitely not a get-rich-quick scheme.

Today’s post will be on Toluna. This website/app is similar to Milieu in the sense that it is a survey platform. By completing surveys, you receive points that can then be used to exchange for different types of rewards.

I personally use Toluna as well but not as frequently as compared to Milieu. I would say it is easier to reach the rewards threshold on Toluna as the points payout per survey is typically quite high. On average, you should be able to redeem some form of reward upon completing 6-8 surveys. The downside to Toluna is that their surveys can be quite long and after completing a certain percentage of a survey you may be found unsuitable or not the target demographic, which can be a little discouraging. But this is all part of the ‘game’ and you just got to be a little persistent sometimes.

Nevertheless, I think if you have some time to spare, Toluna is able to serve its purpose of exchanging your free time for some kopi lui.

In similar fashion, I have included some of the rewards that are available for redemption. My personal ‘favorites’ are PayPal and the Takashimaya vouchers *no expiry woohoo!*

If any of you are interested, you can use the link here to register for an account.

Let me know if you enjoy such content and I will try and see what other tips and tricks I can share with you all!

Share with me your thoughts and comments on if you have used such survey platforms! Stay safe everyone!