facebookDear SG Budget Babe, what's one biggest advice for us 20s to be a millionaire by 30 and what would you have done differently if you were in your 20s again? - Seedly

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Anonymous

08 Jun 2021

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SeedlyAMA

Dear SG Budget Babe, what's one biggest advice for us 20s to be a millionaire by 30 and what would you have done differently if you were in your 20s again?

Discussion (17)

What are your thoughts?

Bei

Bei

28 Apr 2021

Level 4Β·Marketing Strategist at Beithoven.com

I would have invested in stocks from the minute I was born.

Lim Boon Tat

Lim Boon Tat

27 Apr 2021

Level 10Β·Mathematics at Cambridge University

Just like a company, there's only 3 levers to "maximise" your networth:

(1) Reduce expenses

(2) Increase income

(3) Invest the difference with a good return

For most people who've just started working, and already living on cai png everyday, there's not much you can do with (1). But the usual places to look are: gym subscriptions, grab/gojek, mobile plan, and NETFLIX, SPOTIFY etc.

If you're just starting out in the workforce, there may not be much you can do with increasing your monthly income from your dayjob. But nothing's stopping you from having a side-gig, a night-gig or a side-hustle. Teach tuition, babysit, freelance coding for someone else all these can increase your monthly income by 1-2k easy.

Lastly, you have to make your money work hard for you. Plenty of articles on seedly for that. ​​​

Ernest Yeam Wee Leong

Ernest Yeam Wee Leong

02 Mar 2020

Level 9Β·Content Creator at www.youtube.com/c/JustBeingErnest

Study hard in school, get good grades, receive scholarships, apply for government sectors jobs and go up the rank quickly. Do volunteer work and join the RC committee. Be capable in both work and social work and hopefully become a management role.

Or start a startup that gets alot of fundings, build it big and fast then aim for buyout or IPO

Or buy lottery tickets
I make videos about interesting stuff at youtube here​​​

In my honest opinion being a millionaire by 30 on your own is quite difficult, one way might be to start a business. If you're really hungry and want to be successful, nothing is gonna stop you!

Jason Sing

Jason Sing

26 Feb 2020

Level 10Β·School Of Hard Knocks And Life at School Of Hard Knocks And Life

Start your investment journey as early as possible in your 20s. I should have started my own investm...

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