Monday, December 31, 2018

Progress on the wealth index

MmmGE always said what gets measured gets improved.

And i am glad to say that by measuring my wealth index and it being in my subconcious mind , some new ideas to improve my WI have come to me and started yielding fruit.

My wealth index has now gone to 4.5%!! A 20% improvement.. albeit from a very small base of 3.7%.. but an improvement nonetheless.

How you ask me ?
Well i had an asset that was lying by itself and not generating returns.. an additional car park which is now generating income per month.
Small... but hey i will take what i can get!!  I have a 3 yr goal and not a 15 days one!

So basis my thinking i have the following immediate opportunities

1. Create and invest in  a liquid fund plan vs keeping money for emergency in a bank account
2. Invest any surplus i may have in dividend yielding stocks or a dividend yield mutual fund ( but in growth mode).
3. I have some dividends coming in from my stocks in the us.. which stay in my account because i dont have an account where i can purchase more... i need to repatriate that and use point  no 2.

What other ideas do you have ?

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