Snapshot of my allocation for investible net worth.

Haven’t bought/sold anything for the month of April 2012.

May 2012 will be a good month with dividends coming in for SPH, UOB, Sabana REITs.

Be well and prosper.

Snapshot of my allocation for investible net worth.

Equities (stocks and shares on SGX): 62%
Fixed Income (Singapore Goverment Securities and Corporate Bonds): 10%
Cash and cash equivalents (CE): 28%

Part of my monthly tracking of how my asset allocation changes.

Key change is in fixed income. Also trying to have less equities since core holdings has been established. Will be selling off marginal holdings if can make some kopi $$$.

Be well and prosper.

When that purpose goes beyond yourself, then the motivation can be strong as it’s not only about myself but about providing for my loved ones.

I am at the stage now where I’m less uptight about money. It’s still important but there are too many variables in life that we cannot control. Life is more about living your passion and doing what you’re good at and have an interest in. I count myself fortunate that my current career allows me to do what I’m good at and yet be interested in the things I’m doing.

It’s coming to March where bonuses would be paid and while I’m looking forward to it, I’m not reliant on it as I strive to live within my means. Nowadays, I feel less “gian” or have less of the urge to go blow it on something extravagant or frivolous simply because I know that it will be provide lasting satisfaction or happiness.

My approach of spending 10-20% of windfall gains allows me to indulge a little but yet maintain that balance. I am happy with the small luxuries of an iPad2, a andriod smartphone and being healthy and happy. Happiness is about having what you want and wanting what you have. The older I get, the more I realise I want less to be happy and I am appreciative for what I have.

Really, health is my priority now and the fact that my office has a gym affords me fewer excuses to go work out. Health truly is wealth and I need to invest effort and energy into it.

Have you had any recent reflections in your journey towards financial freedom?

Share with Panzer in the comments section.

Be well and prosper.

Be well and prosper.

Wishing everyone a Happy Lunar New Year of the Dragon 2012.

May your journey towards financial freedom be filled with wisdom, patience and success

Be well and prosper.

The original life list consists of the following:

1. Travel business class on flight of at least 10 hours for business/pleasure
2. Eat black ink squid rice in Korea
3. Visit two of the places featured in Japan Hour
4. Work for a local non-profit organisation full-time for 1 year at minimal pay
5. Become the audit committee chairman of a listed company
6. Run the half-marathon successfully and recover from it without injury
7. See my daughter living an independent,  healthy, happy and productive life
8. Obtain a class 2B licence
9. Complete a triathlon safely
10. Generate $50,000 passive income in 7 years’ time
11. Take a train ride from one end of Australia to another
12. Be a published author with sales of 20,000 copies of my personal finance book
13. Be the champion of table-topics contest for toastmasters at district level
14. Speak conversational Japanese
15. Improve my mandarin to be able to blog in Mandarin

Of course, there’s been hits and misses along the way since 2009 and my priorities and goals have evolved over time.

Revised 2012 Life List

The original 2009 list was somewhat random and didn’t have much of a structure to it. It was mostly about things I want to do before I kick the proverbial bucket.

I still want to do some of the things listed but now I have some structure:

Seeing the World

1. Visit major asian cities: Taipei (Taiwan), Shanghai/Beijing (China), Seoul (Korea), Tokyo/Osaka/Hokkaido (Japan)
2. Visit major south-east asian cities: Bangkok/Chiang Mai (Thailand), Vietienne (Laos), Phnom Penh/Siem Reap (Cambodia), Ho Chi Minh/Hanoi (Vietnam)

Health and Fitness

1. Maintain health readings for cholestrol, blood pressure etc.
2. Do regular low-impact exercise (swimming, cycling, brisk walking)
3. Manage stress levels and emotional well-being

Skills and Competencies

1. Become audit committee chairman of listed company
2. Obtain class 2B licence
3. Re-write “Panzer’s Road Map to Financial Freedom”
4. Deepen audit and data analytics skills
5. Practice conversational Thai and pick up a new conversational language (Japanese/Korean)

Financial Freedom

1. Progress towards my targetted investible net worth
2. Diversify income sources

The life list is aspirational in that they are the things I want to achieve and I consider progress when I am making steady achievement of activities that bring me closer to some of them.

Having a life list does consciously or unconsciously channel one’s efforts and activities towards meeting them. It allows me to question myself how the time I spend on an activity would help or hinder me from achieving the goals in my life list.

What is your life list and how have you gone about achieving them?

Share with Panzer in the comments section.

Be well and prosper.