Monday, January 16, 2017

Freedom Check - December 2016 (The Year in Closing)



At the end/beginning of every month, I will update the status of my freedom fund as a way to stay accountable to you and myself. Assuming everything else remains constant, the freedom fund is based on the number of months that I am able to sustain myself without income.

Freedom Check - December 2016


Income = 100%

Less:
Accommodation: 12%
Food: 14%
Transportation: 2%
Household: 1%
Entertainment: 0%
Cell Phone: 2%
Travel: 5%
Income Tax: 0%
Personal: 0%
Shopping: 3%
Family: 2%
Others: 3%

Contribution to Freedom Fund = 56%


Average Savings Rate (2016) = 42%



Value of freedom: 28 months


Commentary: 

2016 has come to a close. Pretty solid year in terms of savings but we've still not hit that elusive 50% savings rate (42% average in 2016). 

In terms of passive income, we've managed to generate a total of $967 in dividends and this year we should be hitting a total of $1328. The goal for passive income is to hit $2000 by the end of 2017.

Income is still generally increasing faster than our expenses but who knows how long this trend will last/continue. We'll see...

There hasn't been much updates to the blog but if you're reading this, thanks for sticking around!




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