Net Worth and Life Update (October 2020) – S$249,062


Written by Liz

Just your regular 27-year-old, queer, super-introverted, FIRE-chasing, frugal Singaporean, who lives a pretty good life while earning only a modest salary, but still plans to retire at age 40 with $1,000,000. Click here to read more

November 2, 2020

Hi! Welcome back to another month-end net worth and life update.

Every month, I track my net worth progress towards my $1,000,000 milestone, which is how much I need to retire early. Let’s find out how October 2020 went.

Life Updates for October 2020

Not a lot happened in October, though my girlfriend and I do have big (or maybe not so big) news to share in the future. That update should come either this year or next year.

In the meantime, more Japanese restaurant recommendations, anybody?

Itacho Sushi

Itacho Sushi. Here’s some $0.60 and $0.90 sushi.

Sushi from Don Don Donki

Sushi from Don Don Donki. This set of 12 sushi cost just $12.80.

Hokkaido Sushi

Sushi buffet at Hokkaido Sushi. $47 per person after the 7% GST and 10% service charge. A little pricey, but absolutely worth it.

Financial Updates for October 2020

And now, let’s get into the financial aspect of things. A few things to note, as usual:

  • I track my net worth in Singapore Dollars (S$).
  • But I also include a conversion to U.S. dollars (US$) in my net worth update.
  • At the time of writing, the exchange rate is S$1 to US$0.731.

Without further ado, here are all the numbers.


What’s my net worth?

Net WorthAs at 30 September 2020As at 31 October 2020Gain / Loss
Investments (SG)S$126,509S$124,322(-S$2,187)
Investments (US)S$42,680S$42,009(-S$671)
TotalS$252,458S$249,062 (-S$3,396)

As at 30 September 2020, my net worth was S$252,458, or US$185,051.

As at 31 October 2020, my net worth was S$249,062, or US$182,064.

This month, I invested S$2,000 into a Singapore stock that my girlfriend had been eyeing for a while now. Other than that, I didn’t invest in anything else. My net worth has fallen across the board, but I hardly check the markets anymore so it doesn’t bother me.

As it has been the case for several months now, I haven’t been saving any money at all. I’ve been investing in gear for my niche site, and it feels like I’m bleeding money. My girlfriend even gave me some seed money for my blog this month, but that disappeared as quickly as it came in. Hopefully it pays off.

I have to admit that it’s not quite so exciting to track your net worth when you don’t save any money at all, but this will probably be only temporary.

What’s my asset allocation?

My asset allocation didn’t change very much as I haven’t done much to my investment portfolio.

How was your financial progress for October 2020?

As always, thank you for reading and supporting this blog.  

Become a Millionaire and Retire Early on a Modest Salary Book Cover

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