Fourth Month of Phase 1 Barista FIRE

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This post is just for personal reference, to record my personal income and expenses in my journey towards Barista FIRE.

For the month of April, I am pleased to have fulfilled my wish of bringing my mum on a holiday via Business Class, to South Korea, where we have not been before.  It was a memorable vacation, where we experienced many first times.  First business class experience, first trip to South Korea, first time seeing blooming cherry blossoms all over the place and even along the streets, just to mention a few.  Overall it was great and I am already thinking about the next adventure.

Back to reality, expenses this month has been low, partly because the costs of the trip had been accounted for in earlier months, so expenses this month was rather low, allowing me to keep way within budget with surplus.  

In addition, I have also successfully repriced my mortgage loan for my Singapore property, and refinanced my Malaysia property, to lower interest rates.  This means my Malaysia cashflow will become positive in upcoming months as the total rental income is sufficient to pay the mortgage instalments and the quarterly maintenance fees.  For Singapore property, I managed to lower my financing cost from 2.95% to 1.65%, starting from July.  This means from July onwards, my fixed expenses will be lowered by a couple of hundred dollars, which is definitely beneficial for my Barista FIRE journey.  Barista FIRE, here I come...!

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