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Originally Posted by TryingToMakeIt
Hi, just doing this out of curiosity and perhaps it may inspire or motivate myself and other readers as well. I am curious as to where my networth stands in comparison to others in my age group with similar eduation level. So here's my info:
- 24 years old, bachelor degree in banking and finance from overseas university.
- been working for around 2 years, with total net worth of around 38k SGD (all in cash). I am not PR or SIngaporean, so no CPF.
- currently working at a foreign bank earning around $4.5k (take home) per month .
Where do you think I stand in terms of net worth and salary? low, mid, high?
Any suggestions or tips from the experts out there on investing and saving? |
You're doing fine. Your networth will go up over the years. You should job hop every 2 years or so and settle down with the best job possible in your early- to mid-thirties.
To save more, live slightly below your means - observe how your peers spend their money and try spending less than them without mistreating yourself.
To invest well, be a contrarian - buy when market is in the doldrums, sell when you think there's euphoria (easier said than done).