Achieving Financial Freedom: My Journey to $5,000 Monthly Passive Income

When it comes to financial independence, my aim is straightforward: generate $5,000 a month in passive income. This figure translates to approximately 35,000 RMB or RM20,000. It’s a clear target that fuels my motivation and shapes my investment strategy.

Understanding My FIRE Goal

My FIRE (Financial Independence, Retire Early) goal is simple yet powerful. As long as my passive income surpasses my expenditures—including all my planned travels and entertainment post-retirement—I will feel free to retire. This intention stems partly from my family’s need for support in Malaysia, influencing me to set a slightly higher target than I might otherwise need. Without these responsibilities, I could consider a lower threshold for passive income!

Once I reach my FIRE goal, I envision a life devoid of constraints, full of global adventures and exploration. Every place I visit will be an opportunity to expand my horizons and experience different cultures. 🌍✈️

Diversified Investment Strategy

In the world of investments, I firmly believe in the adage: “Don’t put all your eggs in one basket.” To lower risk, I have diversified my investment portfolio into various markets. Currently, I am invested in the following:

• U.S. funds
• U.S. stocks
• Malaysian stocks
• Singapore funds
• Hong Kong funds

This strategic approach not only helps to mitigate risk but also allows me to tap into different financial opportunities worldwide.

Recent Changes in My Portfolio

Recently, I made some adjustments to my portfolio by reducing my holdings in JEPI due to its underperformance. In its place, I’ve increased my investments in QQQI, Maybank, and JEPG.GB. These changes reflect my ongoing commitment to optimizing my investments for better growth potential.

The Road Ahead

As I continue to work in China, I remain focused on my goal of achieving financial independence. Each day is a step closer to my dream of retiring early and living life on my own terms. I firmly believe that with dedication and a solid strategy, my $5,000 monthly passive income goal is within reach!

In conclusion, my journey toward financial freedom is just beginning, and I am excited about the path ahead. 🚀💰

Join Me on My Journey

Are you also on a journey to financial independence? Share your goals and strategies! Let’s motivate each other as we work toward our dreams. Your comments and insights are always welcome!