Welcoem to posts!!
in the future - u will be able to do some more stuff here,,,!! like pat catgirl- i mean um yeah... for now u can only see others's posts :c
Sharing my NEW Net Worth at Age 40 in Singapore ๐ฅ
In my journey on YouTube, Iโve learned that sharing openly keeps me accountable. As I work towards becoming a public teacher in finance and financial freedom, I believe the best way to lead is by example. Thatโs why I am sharing my net worth with full transparency. Itโs something Iโve been doing for over four years now, and I hope it continues to provide valueโespecially for new followers looking to learn or find inspiration.
I hope my experiences show that itโs possible to achieve financial freedom, even for someone like me who grew up in a working-class family in a 5-room HDB flat. My studies were not too bad being in NTU accounting but nothing spectacular unlike my spouse who is way smarter than me! I face the same challenges many doโraising young children in Singapore with its high cost of living and preparing for a secure retirement and not depending on the kids. โ
Before we get started, I met a fan at the newest hipster place New Bahru and he joked that I was flexing in this video. It isn't, really... there's no mention of fancy watch value. There's no mention of fancy car value. You'd see proper investments as the focus... so with that cleared letโs get into the numbers.๐
Here's how things stand compared to a year ago:
1) CPF OA + SA: $206,000 (+$48,000, purely from savings).
2) SRS: $296,000 (a mix of savings and market growth).
3) Stocks, SSB, Syfe, Annuity and iFast : $884,000 (+ $225,000 mix of effort & Market value)
4) Brokerage Account: $225,000 (+$75,000, all from market value).
5) Cash: $30,000 (+$10,000, not much to discuss).
6) Crypto: $116,000 (+$46,000, from market value).
7) Total Net Worth: $1.75 million (excluding property).
Factoring in my homeโs value, I estimate my net worth at $2.15 million. If I were to pay off my half of the home loan ($250,000), my liquid assets would be around $1.5 million. Using the 4% rule, with expenses at $60,000 per year, I can say Iโm financially free. ๐ฅ
From $0 to $100,000, itโs all about savings. Beyond that, to reach $2 million, it requires a mix of savings and market value growth. You canโt rely solely on fixed deposits if you want to grow your net worth. Yes, theyโre safe, but time is your ally when investing in the market.
Remember, the ultimate accountability for your net worth is your familyโyour spouse, children, parents. Build consistently, and they benefit too. Do share your thoughts in the comments section below.๐๐ป
Watch my full video Sharing here - https://youtu.be/xwwOKSSp1Tg?si=XLSoW...
72 - 25
Josh Tan Meet 2024 @esplanade!
Weโd a full house! ๐
Fielded so many questions from investing, to black swan events, to buying house, to which roboadvisor, to investing now with US election and to cpf top ups!
My throat is all hoarse now after 3hours of conversations ๐
Thank you attendees and hope it was a blast!
If youโve pictures, Tag me hear on Linked or on IG @joshconsultancy
If you want to be sure to join our next meet, Email to Josh.tan@theastuteparent.com today!
#oneofsingaporesbestknownadvisors
Huat BIG BIG with the insights ๐๐ป and See you all in Finance summit 2025 ๐
91 - 1
Cut back a little on the property budget please... ๐๐ป
I did a very popular discussion previously on a coupleโs dilemma of upgrading to a 3bdrm condo
Some background to the story, the couple resides in Clementi, with their 4-room flat reaching MOP last year.
They have a combined income of $16,030 (husband: $11,580; wife: $4,450) and are in their early 40s, planning to have kids soon. They are considering selling their HDB flat which I feel can be around $1m-$1.05m. Yes million dollar 4rm hdb flats nowadays.
If you are also planning for home upgrade and it's impact on retirement, these are blind spots you should know
1) Mortgage pain comes in with a big loan
- couple paying mortgage mainly from CPFOA. If they are on HDB loan, it is capped at 2.6%. Floating cost now is 4.2% and fixed cost now is around 2.9%
- New $1.7m loan will be $8000k/month easily. Even with using CPFOA, $5,000/m is from cash
2) Little chance of FIRE when you have a big mortgage
- Loan size in balance only $330k which could be easily paid off before age55 if they work at current capacity
- Paying off mortgage is very very difficult coz from my calculation $824k loan still remains at age55. How to Financial independence retire early FIRE?
Upgrading should be done at a comfortable pace.
My recommendation for them was $1.59m budget instead of a $2.3m. Why so?
In my practice
I have strongly advocated for the 5/25/5 rule especially above the age of 40.
- 50% of downpayment capital on hand
- 25% of monthly income use for mortgage
- 5 times of annual income
It is crucial to balance the dream of a bigger home with financial stability and long-term security.
If you are planning upgrading/downgrading your property and want to do a full fee based financial plan,
ENGAGE Josh Tan on a fee NOW - โบโ www.theastuteparent.com/josh-tan
Home and property choice impacts your financial and retirement plans significantly. Iโve worked with private clients on planning home upgrades because I can provide a unique view on what is prudent. Iโve also worked with private clients on their retirement ladders with investment properties in the picture.
Watch video here: https://youtu.be/3NuCouF3K8Y?si=TWD22...
17 - 5
He completed NOT ONE BUT TWO MBAs โ
and was in a good corporate career. ๐
But he quit to sell coffee. ๐ฅถ
Today, Marx Lee owns Coffee Addiction coffee chain
and he shares his secrets on how he grew to $30,000/m revenue quickly. ๐ฅ
I too owned an F&B stall back in the days when I sold ice cream.
Listen in if you would hear our conversations about the PAINS and WHAT IT TAKES in the F&B industry ๐๐ป
0:35 Why do MBA
3:07 How he started in F&B
6:30 How he got to $30,000 sales quickly
10:50 Myth of F&B business
Smash the LIKE and subs my second channel JOSH TAN LIVE to hear more interview discussions! ๐๐ป
3 - 0
Mapletree Pan Asia Commercial Trust - Another BAD quarter... ๐คทโโ๏ธ
Q/Q comparison, nevermind comparing against FY23/24 where interest was lower,
DPU dropped to 1.98c now vs previous quarter 2.09c
Reason for it? Overseas property continued to do badly.
China offices lower (not that bad actually), HK Festival walk lower (slightly only and apparently sales is picking up), MBC lower and lastly Japan properties also lower.
In fact, MPACT did a revaluation of Japan portfolio which is 17% devaluation! What?
MCT shareholders are hating the merger with MNACT with each quarter it seems... ๐คฆ๐ปโโ๏ธ
Vivocity continues to shine โ
But its hard to pull the team up when you are the only one working right...
Is the slide in DPU over for MPACT? Let's look in
1) Revenue is still sliding across all segments ex-vivo
Unlike some reits who are growing revenues like FCT, MPACT has a revenue problem.
This is in addition to FOREX problem.
2) Borrowing cost continues to climb ๐ฅ
I didn't like the big jump last quarter on borrowing cost (because that was unexpected to me)
and for this quarter even with Mapletree Anson sold, borrowing cost still climbed. Now at 3.56%!
**If you missed my recent video...**
Why I've Sold Away Some Stocks Here... | MPACT REIT | SG stocks | Dividend Investing https://youtu.be/lzyBKoSIBuk?si=rlKWi...
From the loan books, 5% remains for refinancing this year and 15% next year. Expect loan cost to still inch up. As such, I don't think the odds of DPU recovery next quarter is slim.
I am still a shareholder and I'd be choosing to look elsewhere first until revenue at least starts to climb back up.
Will be sharing with you more in the coming JOSH TAN MEET on 3 Nov 2024 Sunday 12noon ๐๐ป
It will be at esplanade Alter Ego restaurant as our private meet and learn event.
Come and learn and hear the latest trends in the market for you to profit from.
Earn back your ticket price simply with better investments tomorrow.
Starting already next SUNDAY 3 Nov 2024 โ
Get your tickets NOW! โถ joshtan.link/eventbrite
14 - 1
Mapletree Logistics Trust MLT - slide in DPU (again)... ๐ฃ
Q/Q comparison, DPU dropped to 2.027c. A 2% drop from previous quarter.
Do note that DPU in FY23/24 were 2.2c+ per quarter
Is the slide in DPU over for MLT? Let's look into some of the results
1) NPI climbed on paper full quarter contribution โ
Mainly due to acquisitions in Malaysia and Vietnam completed in 1Q FY24/25. These were grade A warehouses โ one in Malaysia, and two in Vietnam with total price tag $234M. This would explain also the increase in leverage ratio to 40.2%
Having said that, they also recently announced divestment of some malaysian assets. I'm not too sure if the recycling of assets are strategic or not.
2) Borrowing cost continues to climb ๐ฅ
From what is mentioned "higher net translated loans due to stronger JPY against SGD"
JPY has actually weakened in the last few weeks to JPYSGD @115, there is a possibility this borrowing has peaked.
Only 2% of loans are refinancing in FY24/25. 13% will be in 25/26 which looks an ok timing.
3) Rental reversion in SG looks awesome BUT terrible in China โ
44% of the leases expiring in 2Q FY24/25 are from China and that sector saw a -12.2%.
6.8% of leases expiring in FY24/25 are from China and likely doing to drag numbers for foreseeable future.
Judging from managements direction to divest china, I think the worst may not be over unfortunately ๐
๐ปโโ๏ธ .
If you missed my recent video...
I'm NOT BUYING THIS REIT YET even though it gives 6% DIVIDENDS... | Mapletree Logistics Trust MLT: https://youtu.be/X9UXwVylHIQ?si=YRgio...
I will be covering more in the coming JOSH TAN MEET on 3 Nov 2024 Sunday 12noon ๐๐ป
If you would like to learn more, Id also be covering latest trends in the market for you to profit from.
Earn back your ticket price simply with better investments tomorrow.
LAST 10DAYS! Buy your tickets in today! โถ joshtan.link/eventbrite
17 - 3
COMING SOON Next Sunday 3Nov24 - WHERE TO PARK YOUR MONEYS FOR MORE RETURNS? ๐
Grab your tickets here! โถ joshtan.link/eventbrite
What you'd get in this upcoming JOSH TAN MEET๐ฅ
- Investment strategies presentation on where to invest if FED cuts rates
- Investment analysis on latest REIT results (NEWEST UPDATES)
- Answers on your finance questions on a 1-1
- Great entertainment in live interviews
Last 14 Seats - Get your tickets today ๐๐ป
โถ joshtan.link/eventbrite
You'd also be getting great buffet lunch in Alter Ego Restaurant ๐
Meat platter - Chicken Wings/Salmon/Tilapia/Squid RIngs
Pasta&Starters&Deserts - Nachos/Pizza Fries/Chicken Aglio Olio/Brownies & More
You'd also be getting free chapters from my eBOOK "28Days to Financial Freedom" ๐๏ธ
sent personally to you.
Earn more than your money back simply with a great investment right now ๐
Get your tickets today! โถ joshtan.link/eventbrite
13 - 3
WHERE TO PARK YOUR MONEYS FOR 2025?? ๐
Join here โถ joshtan.link/eventbrite
Coming up in 2 weeks time on 3Nov24 Sunday,
if you want to invest better, if you want to prepare for retirement better,
come to the Josh Tan Meet ๐
UPDATE 18Oct24: First 25tickets early bird tickets with 10% off have been sold.
Remaining 5% off tickets, calling for 15more seats, Get your tickets today ๐๐ป
โถ joshtan.link/eventbrite
What you'd get in this event ๐ฅ
- Latest REIT and SG dividend stocks insights
- Tips on where to invest if FED cuts rates
- 1-1 on any investments and finance questions
- Great food
- Great entertainment in live interviews
And you'd be getting free chapters from my eBOOK "28Days to Financial Freedom"
Remaining 5% off tickets, calling for 15more seats, Get your tickets today ๐๐ป
โถ joshtan.link/eventbrite
9 - 1
Update - First 10 early bird tickets sold in first week!
Very thankful for the support ๐๐ป
Ticket booking here โถ๏ธ joshtan.link/eventbrite
On 3rd Nov 2024 Sunday lunch, Josh Tan Finance Meet 2024!
It will be an exciting finance meet-up to discuss on
- the latest REIT and SG dividend stocks insights
- emerging market equity insights what have I noticed
And if you have other questions on investing, finance, CPF changes, getting passive income stream etc...
This is the time to discuss in this meet! ๐
Early bird tickets now with the 10% discount in โ
- $88.20 single admission
- $84.60 each for pair admission
While tickets last! โถ๏ธ joshtan.link/eventbrite
12 - 1
Helping someone get to the right path financially...is about the most rewarding thing to do...
you'd know you had changed a life or a family's life.
Once you've realised your ability to impact, it will motivate you to do more...
It is also proof to yourself that you truly understood money.
- Josh Tan
*********
If you'd like to JOIN US - โบโ joshtan.link/adviser
If you'd like to connect with Josh Tan personally - www.linkedin.com/in/josh-tan-jl/
*********
This is not a recommendation to buy or sell any securities mentioned. The information contained are ideas from TheAstuteParent and strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material.
This advertisement has not been reviewed by the Monetary Authority of Singapore.