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Reached CPF FRS

Recently, I transferred monies from my CPF Ordinary Account (OA) into the Special Account (SA), and also made cash top-ups into the SA. Today, my CPF SA has reached the Full Retirement Sum (FRS) of $171,000. My Medisave Account (MA) has reached the Basic Healthcare Sum (BHS) of $54,500 some time back. Even if I stop working and contributing to these accounts, the monies will continue to grow over time from the interests that CPF is paying me.
To me, reaching the FRS means that my retirement living expenses would now be taken care of. The MA monies would also cover my medical expenses during retirement. Knowing this gives me peace of mind.
One of the reasons why I decided to top-up my SA to the FRS is because I might quit my current job and try another career path. Topping up my SA to the FRS at least assured myself that should my career switch turned out bad, my retirement needs is still secured.
I'm glad that I have created my own safety net.

CPF interest received in 2018

When I checked my CPF accounts today, I'm glad that I received a total of $7,445.60 interest from my Ordinary, Special and Medisave accounts. 
My Ordinary Account (OA) balance is currently sufficient to cover nine months of my apartment's mortgage instalments. In the event that there is disruption to my monthly cash flow, this would be a source of emergency funding to help me with my mortgage payments. This gives me a little peace of mind.

The new Full Retirement Sum (FRS) is $176,000. After having received the CPF interest earned in 2018, my Special Account (SA) balance is now slightly above the new FRS. Seeing this pool of money grows makes me feel less anxious about my post-retirement financial needs. 

As the interest earned from my Medisave Account (MA) is credited to my OA (because my MA has reached the Basic Healthcare Sum [BHS]), there is no injection into my MA and it is currently at $54,500. The new BHS is set at $57,200.Hope my MA reaches the new BHS soon through my job…

What I saw at the ATM

Went to the ATM early in the morning to withdraw some cash before heading off to work, and this is what I saw.

I wondered why would someone do such a thing, especially when there are rubbish bins nearby. 
Perhaps there is a lack of civic-mindedness within our society.

Start of a journey

After working for 6.5 years since I graduated from university, I'm starting to think more about what would I want to achieve moving forward. At the age of 32, I think I have a much better idea of what is meaningful to me, as well as what are my strengths (and areas that I find challenging).
Over the years, I managed to diligently save up and invest. This creates a safety net so that I can have the peace of mind (and resources) to think about my future and have the means to pursue them. I certainly hope that I had saved up even more in the past by spending less on holidays and doing freelance work to earn more. That said, I'm thankful that at least I had the discipline to save whatever I had, and invested over the past years.
Beginning from today, I'm making a conscious effort to spend less, save more, earn more, generate alternative sources of income, and invest more. While I do not yet know specifically what I would like to pursue in the future, I believe that building up a…

Dividends received in 2018

The only equity investment I have are some Starhub shares that I purchased a few years back. For the year 2018, I received a total of $528 in dividends from these shares. This averages out to be $44 per month, which helps to cover my monthly mobile phone bill.

For this year, I aim to invest more and hope to build up a stream of income that can help to cover other monthly expenses. Looking forward to the days ahead!