Projected Net worth

I found this interesting calculator from Yahoo and would like to stick it on my blog. It is a projected net worth calculator. Link Below

https://finance.yahoo.com/calculator/retirement/bud08/

We just need to key in some estimates and project our net worth for the coming years.

In my previous post, I have listed down a few items for my self to calculate out by end of this month. One of them is to show my current net worth and also my projected net worth in coming years. Preferably in 5 years time.

I guess the most crucial ones are my as below

1. Property-
2. Stocks-Amount allocated in the stock market
3. My liabilities- Mortgage
4. Residue income- Income less expenses

Property investment

1.Prepare a worksheet. Showing current net worth and projected income in the future. 

2. Calculate cash flow and also projected cash flow

3. What is my current residue income.

4. balance sheet & profit and loss.

5. Read books about personal financial planning- retirement

6. Read about interest only loan.

7. Understand capital growth and rental yield.

8. How to identify a good property

9. How property investment would affect my cash flow. 

Hong Kong for a weekend 6/6-8/6

Took an afternoon airplane from changi to Hong Kong.
Reached there about 7++. Sony picked me up with her cool orange colour A3 and drove Miss J and I to Avis's place,

I forgot to bought wines today to bring it to Avis's place.

She lives with her husband in a lovely place near City gate, a place famous for its shopping.

We had chicken, bread, mushroom soup and dessert. I also had a chance to meet Murphy and Molly. It was a memorable dinner and indeed very welcoming. Thanks Avis for this wonderful dinner.

After our meal, Sony sent us back to Kimberley Hotel. I must say with both their hospitality, I felt very welcome to Hong Kong. It was rather a different experience back then.

On my day 2, woke up, went for a meal in the nearest restaurant with Miss J. We ordered the typical Hong Kong breakfast. pasta, polo bun. We then went to visit Miss J's Grandma. POPO. She gave me ang pau and also treated me a warm soup. I was rather delighted.

After our visit to grandma's place, we took ferry to IFC. Had some small meal, look around and had an expensive high tea.

After our high tea, we then walk around to have a good meal near central, the name of the restaurant is called golden bird. It was a cosy restaurant nicely decorated.

On my third day, which is a Sunday, we are meeting Miss J parents for a meal. We had dim sum, visited her grandma and then shop around Hong Kong. We then took a train back to Airport, bought some souvenirs and prepare to take our late night plane back to Singapore

Reach Singapore around 1am and went to bed straight.

This trip is like a dream.

Financial goals

I have achieve some in my 2013 short term goals, although it was a strong bull in 2013, and average index grew by about 30 %.

Now is already June 2015, and I am 28 while I am writing this blog, just days before my 29th birthday. 

I am writing this post in a rented room, with a huge calculator next to me, my scrap book on my left, and a book on my right. I am wearing my favourite pyjamas, preparing to sleep. Before I do sleep, I would like to list down my financial goals for the coming 15 years. Although it sounded like a saving plan, I guess I just need to start from somewhere.

So there it goes. 

• $1000/ monthly savings from age 29-33
• With  1000 monthly savings for 5 years, 2% compounded annually. I will get $107k by end of 33 years old
• $1300/monthly savings from age 33-38
• With 1300 monthly saving for 5 years, 2 % compounded annually, I will get $200k by end of 38 years old
• $1700 /monthly savings from age 39-42
• With 1700 monthly saving for 5 years, 2 % compounded annually, I will get $327k by end of 42 years old