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Topic Review (Newest First)
24-01-2022 09:41 AM
Unregistered
Quote:
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.
24-01-2022 09:30 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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.
24-01-2022 07:51 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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
24-01-2022 07:50 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
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
23-01-2022 11:37 PM
Unregistered
Quote:
Originally Posted by Google_was_my_idea View Post
What is a good amount to give tho??
zero. give from your heart.
23-01-2022 11:25 PM
Google_was_my_idea What is a good amount to give tho??
23-01-2022 10:40 PM
Unregistered
Quote:
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...
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)?
23-01-2022 10:38 PM
Unregistered
Quote:
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...
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.
23-01-2022 10:20 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
24 years old / Male / Navy Regular

Take home: $2,800+
Bank savings: $3,000+
Stock Investments: $55,000+
Overall CPF: $110,000+
Monthly expenses:
- Investments: $1,500
- Parents: $200
- Insurance $500
- Other bills: <$200
- Entertainment: Remaining amount


How am I doing?
Savings too little though you are at no risk of losing your job. One medical emergency will wipe you out liao.

Too much is going to investments and especially insurance. Why is your annual premium 6k sial?

Please give more money to your parents unless they rich enough to live in GCB.
23-01-2022 10:17 PM
Unregistered - 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...
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