Quote:
Originally Posted by Jnsy
Hi All,
Im 24yo single this year have been working since I was 18.
OA-41K
SA-12K
I am currently drawing a salary of 3.4k , going to complete my uni course in January.
My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.
I Would be debt free in March 2019(study loans and cc loans)
What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!  |
5k passive income per month is impossible in 5 years time unless you have a large capital to begin with. Based on statistics, the US stock market has the highest rate of returns. Sg stock market gives lower ROI. You can dollar cost average into index funds such as VTI, VOO or SPY, they pay a dividend every 3 months and average about 8 - 10% return a year. You can also pick individual stocks, but the index funds I have mentioned are better for dollar cost averaging.