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Old 07-04-2021, 03:17 PM
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I am 30 years old, local poly diploma holder only. Have been a freelance personal trainer since I came out from NS. Based off 2017-2020 data, I’m pulling in an average of $60k/annum. Net worth is about $400k of which 80% are in individual stocks. Considering to put most funds into an all-world index fund to reduce volatility, don’t know if that will be a better idea. Do not own car or HDB flat. Given the career lifespan of a personal trainer, I am worried about retirement. Hoping to achieve $1m by 45-50 years old with a fully paid off 3-4RM HDB flat not costing more than $300-350k after grants. Don’t intend to retire fully and shake leg at home as I enjoy what I do, so will continue to take on some clients or work part time at a gym as semi-retiree. Just feeling anxious if I’ll get there.

Also considering whether I should take a degree to increase my future earnings potential and extending my career runway. I’m not the best at academics, and might not do as well as if like. So I’m thinking if this opportunity cost is one which is worth taking, especially with a drop in current earnings + school fees + starting as a fresh grad at 34-35. Do employers even look at resumes of those older fresh grad who has only freelanced (a lot of them don’t consider it as work experience or even a proper job). Got rejected by SIT and NTU in 2020 intake.
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