Quote:
Originally Posted by Unregistered
if you maintain the level of 200k income, in 5 years you would have earned 1m in income. spend half of it (100k expenditure per year is a lot by my standard), and you'll still have 500k before 40 years old. invest at 10% return, that's another 100k.
i know someone will then counter with the inflation argument and price of rice from thailand and so on, but inflation affects everyone. so in terms of wealth, you're still 600k better off than most people who don't save.
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Hahaha, you are being really naive, this is Singapore, a land of ever rising prices, do you really think you can save up to 50% of your incomes???
If you drive and own private property, there is no way you can save 50% of your income. And people expect you to drive nice cars and upgrade houses all the time in this silly land
Again, those folks here, they say their cars and houses are fully paid up before they turn 40 and yet still have 0.5 million to 1 million in cash balances, bloody bull-shitters......dont include parents' monies...this is substandard