My Freedom Fund

As I embark on my journey for the betterment of myself and the world, one of my plans is to get vested in what I call it as "My Freedom Fund". Part of this journey is for me to share with everybody my frugal way of living as well as other ways to supplement my work income. 

This Chinese Idiom, 開源節流, tells about opening new incoming source and reducing outflow. In order for me to optimally increase my wealth accumulation, I have to find ways to generate the wealth as well as reducing my personal expenditure.

Hence, I started this personal fund, named "My Freedom Fund", at the start of 2015. I feel something is indeed missing with my life. I was not born with a silver spoon and certainly have no inheritance to take over from. When I graduated from a local university in 2013, I thought everything was all set in stone and would be rosy. I was so wrong. At that moment, I was in debt with literally no savings in my bank account.

I realise the need to have income growth over the years and I hope to achieve full financial freedom by the age of 40 through proper handling of "My Freedom Fund". That means, I don't have to worry about losing my day job or my daily expense ever again.

Fast forward to 2015, I have SGD32,000 vested in shares of various companies in Singapore and looking forward to my first sum of money made with this fund. Part of setting up "My Freedom Fund" is to share some of it with other people so that they too someday might gain a little freedom as well. 
In 2015, I aim to:
1) Achieve SGD 1,500 in dividend income and capital gain.
2) Save a total of 50% of cash savings from my net income coming from my job.
3) Share 10% of my income from "My Freedom Fund" with people who need it more than I do through cash donations to a charity of my choice annually.

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