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How much do you earn and save?

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  #321 (permalink)  
Old 23-01-2022, 10:38 PM
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- I started working part-time early, which explains why my CPF is high.
- Shouldnít I be investing aggressively rather then keep cash? Since, Iím young and have a rather stable job?
- I have other sibling contributing to my parents as well..

My goal is to reach 100k before 27...
If your investment value drops and need emergency cash, you may be forced to sell investment at a loss.

No job is stable but your plan B has to be in place for rainy days.

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  #322 (permalink)  
Old 23-01-2022, 10:40 PM
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- I started working part-time early, which explains why my CPF is high.
- Shouldnít I be investing aggressively rather then keep cash? Since, Iím young and have a rather stable job?
- I have other sibling contributing to my parents as well..

My goal is to reach 100k before 27...
Still not a good reason to give that little to your parents. Thatís like $6 a day. Are you at least contributing to utilities/bills (assuming you are still living rent free)?

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  #323 (permalink)  
Old 23-01-2022, 11:25 PM
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What is a good amount to give tho??

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  #324 (permalink)  
Old 23-01-2022, 11:37 PM
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What is a good amount to give tho??
zero. give from your heart.
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  #325 (permalink)  
Old 24-01-2022, 07:50 AM
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Still not a good reason to give that little to your parents. Thatís like $6 a day. Are you at least contributing to utilities/bills (assuming you are still living rent free)?
Stop virtue signalling on the parents allowance lah, OP can give however much he WANTS to. Children are not investments with a dividend payout
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  #326 (permalink)  
Old 24-01-2022, 07:51 AM
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Stop virtue signalling on the parents allowance lah, OP can give however much he WANTS to. Children are not investments with a dividend payout
Lightning will strike you down ungrateful brat
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  #327 (permalink)  
Old 24-01-2022, 09:30 AM
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Stop virtue signalling on the parents allowance lah, OP can give however much he WANTS to. Children are not investments with a dividend payout
They are not. But how ungrateful are you if you donít recognise the fact that your parents not only invested money, but also sacrificed time and effort in moulding who you are today. OP has a stable job, $170k net worth, but gives his parents $6/day while living rent free.

To each itís own, but thatís just morally unacceptable to me. How long more will your parents have left? Do something that makes them happy lah - be it allowance so they no longer have to work so hard, fancy meals every month/fortnight, gifts etc.
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  #328 (permalink)  
Old 24-01-2022, 09:41 AM
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Originally Posted by Unregistered View Post
- I started working part-time early, which explains why my CPF is high.
- Shouldnít I be investing aggressively rather then keep cash? Since, Iím young and have a rather stable job?
- I have other sibling contributing to my parents as well..

My goal is to reach 100k before 27...
Unless you are running some illegal business and making contributions I don't see how your CPF combined can be 110k by age 24.


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  #329 (permalink)  
Old 07-03-2022, 09:50 PM
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32m single
6900 gross. 8.1k inclusive employer contribution
BB BO associate level
started work from 26 YO with starting salary of 1.8k
investment 1400
parents 400
monthly expenses: about 1k.
insurance 250

dumped the rest of my monthly salary into crypto (last chance to take risk before 35yo)

am i doing ok?
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  #330 (permalink)  
Old 07-03-2022, 10:01 PM
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32m single
6900 gross. 8.1k inclusive employer contribution
BB BO associate level
started work from 26 YO with starting salary of 1.8k
investment 1400
parents 400
monthly expenses: about 1k.
insurance 250

dumped the rest of my monthly salary into crypto (last chance to take risk before 35yo)

am i doing ok?
Not bad considering you started at 1.8k 6 years ago.
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