I successfully transitioned from work income to passive income after retirement

Since I officially retired on March 1, 2024, I've been tracking my expenses every month using Google Sheets. The above Google Sheets pie chart reflects my personal expenses for August 2025 (I only started using the SG60 Neighborhood Shopping Voucher in September).

I enjoy buying groceries from supermarkets and online. I prepare three meals a day at home almost every day with great care, rarely eating out.

To conserve electricity, I've resolutely avoided installing a water heater. There is an air conditioner installed at home, but rarely use it. Clothes are washed by hand; there is no washing machine at home and have no plans to purchase one.

I own my house and live with my sister, so I don't have to pay rent, thanks to the "Home Ownership Scheme" policy in Singapore.

Before retirement, I focused on building my own investment portfolio, taking appropriate risks, and avoiding any private insurance packages (this was my personal choice based on my risk assessment and does not constitute general advice). Therefore, I don't have to pay premiums.

After retirement, my investment portfolio, comprised of Unit Trusts, high-dividend stocks and Singapore Government Bonds (SSBs), provided a steady cash flow, allowing me to smoothly transition from work income to passive income, which is completely tax-free in Singapore.

I never dream of getting rich overnight. My fundamental financial philosophy is to increase income, reduce unnecessary expenses, and rapidly increase reliable investments.

The final total is SGD $667, which account about one-third of my monthly passive income. This means I still have some left over for medical treatment, travel, or investment. Currently, approximately 42.2% of my total annual passive income is reinvested in DBS Bank retail unit trusts in Singapore.

插图仅用于教育目的，更多信息请访问我的小红书 ID：9486320864

Illustrated for educational purpose only, more information please visit at my rednote ID: 9486320864