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Anonymous
How to save as much as possible to reach 100K.
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About there. On track. Got at least $60k salaries a year?
$60000 x 80% = $48000 (after CPF)
$100000 - $40000= $60000
$60000/4 = $15000 (saving per year)
15000/12 =$1250 (saving per month)
If you have to save at least $1300 per month should be no problem to hit $100k without doing any investment.
You probably can hit $200k at mid 30s without doing any fancy thingy.
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That means you have 4 years more to save an additional 60k or 15k/yr. That’s just slightly more than...
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Start investing , from 40k easily reach 100k by a year which is highly doable. compounding interest is a very big thing .