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13-02-2015 02:23 PM
Unregistered
Quote:
Originally Posted by ZZZ View Post
well, hat me and my wife did was to save hard, invest in property when the market is cool, and sell when the market heats up. that's how we grew our net worth from $300K at age 28 to $2.8M over the last 10 years. also, increase your savings as your salary increases and do your sums before starting a family.
Is this post also a ********? Damn smells full of ****...
13-02-2015 11:20 AM
Unregistered To accumulate from a low base of 50K (not sure how much you really have), you will probably need to grow YoY >30% for 10 consecutive years.

It's a pretty aggressive target to beat if you are going to rely on investment alone.
You will realize you need to concurrently try growing your income to >100K a year while at the same time manage your expense down.

That will give you more disposable income to invest and less aggressive growth target to work with. It's going to be a 3 pronged strategy that requires some discipline and a tad bit of 'luck'.

To increase your chance, it's best to invest time also to understand various investment strategies. That will equip you with knowledge to make wiser choices that bring you closer to your target.
13-02-2015 11:01 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
All investments come with risk, even the safest ones. This means you may LOSE money.

Since you will need the money quite soon, I suggest you put it in a time deposit or with the CIMB savings account which pays 0.8%. If you have a few hours a month, you can explore OCBC 360 which pays 3.05% on $50k. This way, you will not lose money.
No loss on capital but its value depreciates due to inflation. Should aim to be on par with inflation rate at least.
13-02-2015 06:54 AM
Unregistered
Quote:
Originally Posted by Fearoftheunknown View Post
How many students do you have while working full time? I am moonlighting as a private tutor after work, and I already find it tiring having to beat the clock & traffic on days I am giving tuition. I'm also surprised that tuition did not interfere with your career when OTs are expected. How did you even managed to pull it off and earn 2k from giving tuition?
that guy may just be coming out with ********e stories.

havent u heard of internet trolling before?
06-02-2015 11:36 PM
Fearoftheunknown
Quote:
Originally Posted by rdpd View Post
Hello all.

I have just graduated from NUS (age 25) working with a monthly income of ~4k/mth and also ~2k/mth from giving private tuitions. As I intend to spend only from my tuition earnings, I am looking at a savings upwards of 50k per annum (with bonuses).
How many students do you have while working full time? I am moonlighting as a private tutor after work, and I already find it tiring having to beat the clock & traffic on days I am giving tuition. I'm also surprised that tuition did not interfere with your career when OTs are expected. How did you even managed to pull it off and earn 2k from giving tuition?
23-01-2015 05:34 PM
averyhoward
Debt Crisis

Paying your debts is not that easy if you are not financially stable. You should try asking for financial assistance if you are having a financial crisis. The European financial crisis is far from over. The European Central Bank is calling for greater levels of depositor insurance to help cut back on bank runs. Without it, the ECB states, the financial mayhem will spread virally. If you need some financial help in these hard economic times, you can get a cash advance. You should try availing a cash advance right away if you are having a hard time paying your bills on time. You should try visiting our website right now and check out what we are trying to offer.
16-11-2014 11:05 PM
ZZZ
Quote:
Originally Posted by rdpd View Post
Hello all.

I have just graduated from NUS (age 25) working with a monthly income of ~4k/mth and also ~2k/mth from giving private tuitions. As I intend to spend only from my tuition earnings, I am looking at a savings upwards of 50k per annum (with bonuses).

What should I do with these savings? Should I save them for future uses like wedding and BTO or should I use them for investment? In addition, since I am quite packed everyday with tuitions and work, I do not have the time to do my research and invest.

Would love to get from guidance from any experts here or maybe share their experience. I am open to suggestions and advice here or privately. I am also hoping to achievement my first million by 35!
well, hat me and my wife did was to save hard, invest in property when the market is cool, and sell when the market heats up. that's how we grew our net worth from $300K at age 28 to $2.8M over the last 10 years. also, increase your savings as your salary increases and do your sums before starting a family.
16-11-2014 06:20 PM
Unregistered earn more, spend less, save more, invest lor... so simple...
14-11-2014 03:29 PM
bethgreene
Tax Refund

The government should check if they are collecting the right amount of tax every year. About three-quarters of Americans who filed income taxes got a refund a year ago. The typical refund came out to about $2,800. Most of those Americans said the refund cash would be used in sensible ways. However, other data suggests most of them blew at least some of the money on discretionary things. Do you intend to spend your tax refund, or will you use it wisely? Source for this article: look on the homepage! You should try availing a personal loan right now if you need help with your finances. You will be able to pay your taxes and maybe get some refund if you pay on time.
04-11-2014 11:45 AM
Unregistered All investments come with risk, even the safest ones. This means you may LOSE money.

Since you will need the money quite soon, I suggest you put it in a time deposit or with the CIMB savings account which pays 0.8%. If you have a few hours a month, you can explore OCBC 360 which pays 3.05% on $50k. This way, you will not lose money.
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