Monthly Financial Update August 2020

Yes, I am still saving as usual towards my financial independence. People hate saving! We were born and taught in school to consume and buy stuff to satisfy our desires.

‘Work like a doctor and live like a monk!’ is my motto! I work hard and I have very few desires. Materialism orgasm does not stimulate my senses anymore. I lead a simple life and I am very happy with what I have.

For me, waking up the next morning is a blessing for me. Life is unpredictable and I just learned that my friend I knew 24 years ago in my university time passed away 10 years ago due to leukemia.

Income

I am still getting more than MYR10k passive income from my Malaysian and Singaporean stocks and REITs investment. It might look very rewarding to get this kind of passive income but I am sitting on a capital loss of more than 15% on my Singaporean REITs investment due to a few lousy purchases a few years ago.

Expenditure

I managed to save a total of 59.71% of my income this month. My expenditure on each item is as below

Yes, we managed to go to KL for a 3D2N Sunway Lagoon trip in August. The package we bought was priced at MYR549 ( MYR499+MYR 50 because we opted a hotel room facing the theme park with a surcharge of MYR50).

My kids really enjoyed the trip and we didn’t spend much on others except meals.

My other expenses in August was MYR1154.69 ( about MYR800 went to Bluehost) because I started another website holidaysdialysis.com to help traveling dialysis patients to locate dialysis centers and nephrologists around the world.

I also spent MYR80 to buy a domain name as investment and hope to sell it in 3 years.

I gave away MYR350 to help a student from my secondary school who was having financial difficulties due to the Covid-19 pandemic.