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When did u reach ur 1st $100K

Is 100k the new 1M? I remember people used to aim for 1M. You can't survive on 100k savings in Sinkapore.

 

Young man, Talk is easy than do... Bear in minds, vacation,wedding, house, renovation, car...... one by one will eat on yout saving.  I achieved it at age of 30....just because i don't buy car...

I'm an humble Employee.....

fartist      ( Date: 05-Sep-2009 22:39) Posted: Frankly speaking I intend to achieve my 1st 100k by 25. Im 22 right now and I believe that the equity market with right discipline, its very much possible to achieve it! :)

 

I still got 18 years to slough for my single kid in pri 1.  That's why learning from you senior and forum sharer.  Hopefully to supplement some tuition fees too.  

 

Frankly, I could not remember when I had earned my 1st S$100K.

 If there was, the money had gone into my siblings' education.

What I remembered was 1st year monthly salary was $1850 before CPF deduction in 1989.

tkimcs      ( Date: 06-Sep-2009 01:16) Posted: AK, my colleague's son is even 'better' than yours.  He graduated in local U and had the opportunity to work in MAS, imagine MAS! there are so many big four auditor's servicing my company (listed) regularly and when they heard from my colleague's mentioned his son in MAS, they are so envy as pay package was very high as fresh grad. No many had the chance to go in as barrier is very high.  However, working for few years, he resigned due to some relationship problem with bosses, worst case, my colleague had to T/T allowance to his bank account in these few year stay with MAS!  He is practically with no saving at all! what happen to our younger generation!!! AK_Francis      ( Date: 06-Sep-2009 00:08) Posted: Comrade, AK admires u. By 22, likely u just completed, min U. A starting sal of 3.5 k for related job for 3 yrs. 100K is reachable, definate loh. Provided, u dun need to pay back the cost for your study to parents, no need to cough out some money to supplement household expenditure daily, dun buy new car, avoid private ppty etc. AK opines that not many people like u, got such priviledge to hv 100k within 3 yrs, after school. Ha ha, my poor son, graduated in 2006 NUS, E Engr with Hr, yet he dun hv 100k in his saving, though I dun need him to pay me back the school cost n mthly home domestic subsidy. Neither he support his sis, now at NTU. Nonetheless, dun compare with others, life is tough.

 

AK, my colleague's son is even 'better' than yours.  He graduated in local U and had the opportunity to work in MAS, imagine MAS! there are so many big four auditor's servicing my company (listed) regularly and when they heard from my colleague's mentioned his son in MAS, they are so envy as pay package was very high as fresh grad. No many had the chance to go in as barrier is very high.  However, working for few years, he resigned due to some relationship problem with bosses, worst case, my colleague had to T/T allowance to his bank account in these few year stay with MAS!  He is practically with no saving at all! what happen to our younger generation!!!

AK_Francis      ( Date: 06-Sep-2009 00:08) Posted: Comrade, AK admires u. By 22, likely u just completed, min U. A starting sal of 3.5 k for related job for 3 yrs. 100K is reachable, definate loh. Provided, u dun need to pay back the cost for your study to parents, no need to cough out some money to supplement household expenditure daily, dun buy new car, avoid private ppty etc. AK opines that not many people like u, got such priviledge to hv 100k within 3 yrs, after school. Ha ha, my poor son, graduated in 2006 NUS, E Engr with Hr, yet he dun hv 100k in his saving, though I dun need him to pay me back the school cost n mthly home domestic subsidy. Neither he support his sis, now at NTU. Nonetheless, dun compare with others, life is tough. fartist      ( Date: 05-Sep-2009 22:39) Posted: Frankly speaking I intend to achieve my 1st 100k by 25. Im 22 right now and I believe that the equity market with right discipline, its very much possible to achieve it! :)

 

Before Tax or After Tax?

 

well...

me n my bf currently both 27 years old...

we have 120k cash in hand...

and since 2006 we bought the insurance+ saving plan + investment link product..monthly cost us about 1500....

we also holding some fund + stock...market value now 30k gua...

but we both from malaysia, now are singapore PR...

well, we dun own any property...that is sad....

but property price now v expensive....dun dare anyhow go to hoot...

also, stock price also quite high now...

we just hope when the price is comfortable for us to go in....intended to buy blue chip to hold for gd dividend and as investment stock...

some part of saving also go for mid cap stock, small cap stock..

 currently learning forex....

 

Comrade, AK admires u. By 22, likely u just completed, min U. A starting sal of 3.5 k for related job for 3 yrs. 100K is reachable, definate loh. Provided, u dun need to pay back the cost for your study to parents, no need to cough out some money to supplement household expenditure daily, dun buy new car, avoid private ppty etc.

AK opines that not many people like u, got such priviledge to hv 100k within 3 yrs, after school. Ha ha, my poor son, graduated in 2006 NUS, E Engr with Hr, yet he dun hv 100k in his saving, though I dun need him to pay me back the school cost n mthly home domestic subsidy. Neither he support his sis, now at NTU.

Nonetheless, dun compare with others, life is tough.

fartist      ( Date: 05-Sep-2009 22:39) Posted: Frankly speaking I intend to achieve my 1st 100k by 25. Im 22 right now and I believe that the equity market with right discipline, its very much possible to achieve it! :)

 

It is not difficult if you do not crave for car, expensive hobbies..etc in the next 3 yrs. Save, invest and re-invest the profits.

 

Frankly speaking I intend to achieve my 1st 100k by 25. Im 22 right now and I believe that the equity market with right discipline, its very much possible to achieve it! :)

 

Everyone should aim to achieve this target by the age of 30  - if the focus is on savings and investings or rather live within your means.

With this seed money, it is easier... for eg. from May to Aug,... i did less than 20 trades but porfolio value already excceds 100k...

 

it's more about sharing's one experiences in getting to their 1st $100K..

how he/she got there and how the person did it to reach there and how long did it take to achieve that amounth..

care to share?

 

Dear comrade, ds a million $ Qs!!

Say, a medium class, stepping into civil street at age 19(after Poly), no smoking n none alcohoric, buy 4D occasionlly fine, using public transport, got HDB(4rm) got married, got kids(2 is enough), no retrenchment, job opping fine. No serious happening in d family, then by 40, if u r d bread owner, 100k reachable. If spouse working, ha ha u will see 100k much earliar liao.   

By time retire at 55, if u are not full subsidied on medical exp, u need half a mil, in tangible asset, to carry your spouse hands till both call it a day, presuming kids can't support both of u. Your HDB then would be your reserve, when then both of u r so lonely.

Ha ha, not sure why u wanna ask ds qs??? Above AK view only lah, no cause of alarm n joy, if below bar or overshoot d ceiling. Cheers.

ozone2002      ( Date: 05-Sep-2009 15:18) Posted: Just like to know at what age did u reach $100K.. in terms of savings,investment,property as a combination?

 

Just like to know at what age did u reach $100K.. in terms of savings,investment,property as a combination?