How can I save 50k a year if I'm only earning 2k a month?

Sorry to burst your bubble but it's not possible to be saving more than what you are earning. Your $2k per month might not even be taking into consideration of CPF yet. 😅

the best way is to increase your income through side gig right now. Working a couple of hours of grab per day or tutoring are some of the fast and high hourly income yet flexible methods.

of course, being prudent in your spending helps as well. :)

Spend 2k evey month on lottery and betting sites. there is a chance you can earn 1.5 or even 2 times more than your earnings. bet wisely though

Hi,

Your best bet is to invest on yourself. Upskill ur knowledge, find yourself a niche that fits into a demand and increase your income level and learn abt investment. While at it, focus on accumulation, through reduction of expenses or increasing savings and part time side income. Its hard but nothing impossible since you have ardy aimed and set sight for 200% yield. Your eventual aim is to accumulate enough for a sizable investmnet capital and roll it. But, the word of advice is, making 50K may be hard, preserving that 50K maybe even harder.

Cheers and all the best!

That is an almost impossible mission in a year definitely don't get you anywhere if you can save $12 k in a year you would have frugually lived all the whole year!