How rich/poor am I compared to people my age(27)? - Page 2 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




How rich/poor am I compared to people my age(27)?

Reply
 
Thread Tools
  #11 (permalink)  
Old 15-06-2016, 04:44 PM
Unregistered
Guest
 
Posts: n/a
Default

At 27, you should be focusing on your career and opportunities for growth cos with that comes money in the form of higher salaries etc..

You should focus on making more money rather than how much you have, how much you can save or cut expenses ..that's more for retirees ..IMO

Reply With Quote
  #12 (permalink)  
Old 17-06-2016, 04:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Can anyone advice how to become forex trader?

Reply With Quote
  #13 (permalink)  
Old 17-06-2016, 06:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Can anyone advice how to become forex trader?
Just graduated from local uni, owe bank 10k plus, current asset only 20k.

Reply With Quote
  #14 (permalink)  
Old 13-07-2016, 10:46 AM
Unregistered
Guest
 
Posts: n/a
Default

I work for 2 years only, and I also save around 40K++ (from employment) with lesser CPF as compared to you. I also spend unnecessary amount of money on misc stuff. But is never to late to change your spending habit. you are around the same age as me, so still got enough time to catch up. You should be able to hit 100K target (most common goal for people under 30) before 30 years old.

jia you!

You can follow me on my blog as I will report my progress in reaching my goal

://jyklmoneyblog.blogspot.sg/
Reply With Quote
  #15 (permalink)  
Old 31-07-2016, 02:22 AM
Unregistered
Guest
 
Posts: n/a
Default

125K in liquid assets. Just turned 30 years old.
Reply With Quote
  #16 (permalink)  
Old 31-07-2016, 07:20 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
125K in liquid assets. Just turned 30 years old.
What's your total net worth (yours + wife's)?

What's your assets? HDB flat? Shares? Cash? Etc
Reply With Quote

  #17 (permalink)  
Old 01-08-2016, 12:10 PM
Unregistered
Guest
 
Posts: n/a
Default

28f

$92k in cash (stocks, investment) ,$8k CPF.

Renovation + wedding done. 1 child.

Bulk of cash came from the year when I was a property agent after I grad from Uni.

But right now my income is probably 20-30% lower than my peers. Will take v long to be on par with them.. I chose an 'easier' career so that I can focus more on my family. Wish to be stress free and go home on the dot kind.

Male will probably have lower savings at the beginning but later on, their salary and career likely to overtake their female friends by a lot.


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #18 (permalink)  
Old 06-08-2016, 05:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Many youngsters think that bonds are too slow, so many go into forex trading or trying to flip shares. The vast majority lose money, ending up losing 20-50% in a year. Especially given the recent market conditions.
Young people under 30 should start to work hard and earn money through their job, rather than trying to make easy money from flipping shares and property investments...
Reply With Quote
  #19 (permalink)  
Old 11-08-2016, 05:18 PM
Unregistered
Guest
 
Posts: n/a
Default

yes this is true, but savings and investment is VERY important when you are young.

With the magic of compounding, you are much more likely to have more wealth at a faster rate as compared to one who started late.

Read this article to see the magic of compounding:

://.businessinsider.sg/amazing-power-of-compound-interest-2014-7/?r=US&IR=T#THbEEd1t7uBORwF6.97
Reply With Quote
  #20 (permalink)  
Old 14-08-2016, 11:07 AM
Unregistered
Guest
 
Posts: n/a
Default

4.4 million. I just strike toto
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Poor working class Salary.sg Income and Jobs 2 25-03-2016 02:04 AM
is it a poor fit or just trying to adapt? autumsy Income and Jobs 4 07-09-2015 12:41 PM
New job - is it a period of transition or a poor fit? moonlightlover Income and Jobs 18 25-07-2015 12:33 PM
How have you done compared with the rest of your class ? Hermit Income and Jobs 9 02-07-2014 09:58 PM
Where does CFA stand compared with MBA rampa001 Education and Personal Growth 13 30-06-2013 12:21 PM

» 30 Recent Threads
OCBC Young Bankers Programme ( 1 2 3... Last Page)
94 Replies, 69,641 Views
Singtel Management Associate... ( 1 2 3... Last Page)
113 Replies, 74,051 Views
Career as Teacher ( 1 2 3... Last Page)
1,993 Replies, 1,352,363 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,368 Replies, 531,497 Views
Compare civil service salary ( 1 2 3... Last Page)
8,907 Replies, 5,110,831 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,543 Replies, 1,210,418 Views
Job offer from Apple ( 1 2 3... Last Page)
286 Replies, 46,797 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
36 Replies, 41,124 Views
NCS Salary range and Promotion...
2 Replies, 443 Views
Civil/Public Sector -... ( 1 2 3... Last Page)
381 Replies, 193,048 Views
Constituency Manager (People... ( 1 2 3... Last Page)
808 Replies, 410,118 Views
Senior Lab officer @ IMRE
9 Replies, 4,141 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,589 Replies, 965,059 Views
ST Electronics ( 1 2 3... Last Page)
361 Replies, 163,611 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,242 Replies, 1,001,421 Views
career at astar pays so low? ( 1 2 3)
21 Replies, 34,884 Views
Lawyer Salary ( 1 2 3... Last Page)
4,842 Replies, 2,058,387 Views
anyone working at NCS ? ( 1 2 3... Last Page)
332 Replies, 253,104 Views
Need career advice
3 Replies, 573 Views
HSBC Career ( 1 2 3)
20 Replies, 35,671 Views
MINDEF enlistment inspector
2 Replies, 291 Views
ITE lecturer ( 1 2 3... Last Page)
88 Replies, 100,327 Views
International Relations Careers
0 Replies, 130 Views
SPF (Direct-Entry Inspector)
5 Replies, 480 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,682 Replies, 477,004 Views
Heineken APAC Graduate Programme ( 1 2 3... Last Page)
271 Replies, 110,435 Views
I am getting promoted in Jan 2020... ( 1 2)
17 Replies, 3,198 Views
Roles in accenture singapore ( 1 2 3... Last Page)
285 Replies, 222,764 Views
Anyone from Bank of America... ( 1 2)
14 Replies, 2,375 Views
Salary increment on contract...
1 Replies, 320 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:56 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2