I called up my school today to enquire about the status of my bursary application. I am pleased to know that I will be awarded the full quantum of $3,700. The bursary will be disbursed in 2 stages in late October 2012 and January 2013 respectively.
Also, the result of my private bursary application will be known in early November 2012. If this private bursary application is successful as well, I will be awarded an additional $1,800. Investible net worth is estimated to cross the $60k mark by February 2013, leaving me 10 months to accumulate $10,000 in order to achieve my first goal - $70,000 by age 25 (Dec 2013). This target should be easily achievable as I should be starting work full time in mid 2013 after graduation if nothing goes wrong.