24 Apr 2019
I am at my mid 20s, I am confused with little savings, minimal knowledge about money. May I know how to start to build a solid finance foundation and hopefully become financially free one day. ?
Hey don’t worry!
Most people start out similar to you too.
Are you studying now or working?
If you are still studying, I say focus on your studies and slowly build up your knowledge in finance. Don’t rush it and don’t let your dollar amount in the bank dejects you.
If you are working, then let me KISS it for you (Keep It Simple and Stupid)
Just 3 pointers. Keeping it simple for you. 👍🏻
If you have no viable skill sets to start a business, your first step is to find a job with a decent salary income. Then learn how to structure and budget for your spending, saving and investing on things like credit cards, bank accounts and expense management. This will allow you to start building up your basic financial skills.
Before you even start thinking about how to build passive income such as interest and dividend, you first need active income. Don't think so far ahead about being financially free when you have yet to take the first step. Be patient.
Use what you are given first.
All SC are given two chance to buy BTO, lose this will set you back ...
Read 5 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Standard Chartered JumpStart Account
Up to 1% p.a.
MIN. INITIAL DEPOSIT
MIN. AVG DAILY BALANCE
DBS Multiplier Account
OCBC FRANK Account