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Old 29-12-2020, 02:48 PM
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Originally Posted by Jnsy View Post
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!
Before you think about investing you better think about saving for an emergency fund equivalent of 1 year of your gross pay. Then save for marriage and save for HDB. Forget about investing as investing carries risk. You might lose your money. People these days talk as if investing is a sure earn money thingy. No such thing.
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