Projected Scenarios are nothing more than just scenarios and plans.

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 Dear all,

On the last post, I stated that I was pleased that my scenario stimulation of my income to retire in 10 years time are in my favour. As I add in more variables, I realised that it was actually much harder than I first thought. I can retire with a slightly lower amount in term of the monthly income through. 


The question now will be, with the additional variables in place resulted in lower income, will I be discouraged or stop my exploration towards the financial freedom journey? 

In reality, our incomes and expenses could be up or down depending on what we are facing at some points in our life. For an example, if I get retrenched at the age of 53, it could derail my journey a little. If my other investments which I had put up somewhere turned out to be well, I could uses the amount earned from the investments to have additional investment into the fixed income fund. If I have a rich aunt or uncle who I did not know passed (the chance is almost slim at this point in time) and inherited me a large amount of money, it could speed up my journey towards my retirement.

 


I took a conservative approach of going on 0.5% dividends received each month from my fixed income payouts. Based on my current payout history, the amount is more than that but I do not want to track and put in the actual percentage as it will make my planning a massive and messy bulk to deal with.

The Singapore stock market had been having a crazy bull run with REITs leading the charge. REITs had being badly beaten for the past few years. While, it is making a comeback, I am not going to touch it or anything as I missed the opportunity to go in low. 

I will continued to push for my income fund dividends to reach $6,000 before I decide on what to do next. Right now, I am very far away from this. 

 P.s. Not a financial advice. Please treat this as the rambling of an middle age uncle.   

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