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Old 17-06-2013, 08:11 PM
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One thing I noticed with the young ones nowadays is their impatience.

They expect to be rich the moment they join the workforce. 27 is still very young especially for guys. If you consider that the new retirement age is 62 (will be 65 soon), you still have 35 to 38 yrs to accumulate your wealth.

The trick to being reasonably rich is to have constant income eg. do not have gaps in your employment history. Spend well within your means. Invest your savings.

Understand your earning will grow when you get older and better at your work. So change job only for better career prospects and pay and not because of some whims or fancy.

Many people quit in their late 40s at a time when their income is peaking. Pity.

Quote:
Originally Posted by Unregistered View Post
27 single
earn 2.7k
700sgd in stock
no savings.
30k cpf in ordinary
paying 250amth endowment maturing in 20 yrs

pathetic sinkie...worried about retirement plan

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