Advertisement

Anonymous

24 Nov 2020

∙

If you go from making $10/h to 10k/month, how would you invest it? Would you continue living at home and saving money for a nice home or would you find an apartment for the meanwhile while you saved?

How would you invest if you go from making $10/h to 10k/month?

2

Discussion (2)

What are your thoughts?

Learn how to style your text

1M45

24 Nov 2020

$10/hr. ($10 x 8.8hr x 22days) x 80% = $1.5k (take home pay).

I would budget $300 - $500 per month to invest. In Unit trust / sg Reit that generate dividend. So i have a choice of either re-invest or cashout if hand is tight.

$10k per month after CPF (~$8k) . Assume i had my emergency fund.
I would invest $6k monthly to US growth & SG Reit.

Reply

Save

View 1 replies

Write your thoughts

Related Posts

Does it even make sense to put money in a savings account vs it in a highly liquid investment. I always hear to limit exposure but at the same time, "Investments always go up long run"?

What is the best basic/starter/beginner investment tool to use? Should go with low, medium or high-risk for now? Would an investment tool or a fixed insurance savings plan be better to grow money?

If one day, we have a drug that makes us live 1000 more years, if we invested in our 40s and compounded until our 850s, how would you spend your money?

I am trying to save money and at the same time, spend money to hang out with friends and go out occasionally. Any tips on how to save money while having fun and having enough to invest?

For those who invest, and about to buy your home where you would stay for whole of life, would you pay for your home using cpf oa or cash? How do my spouse and I make a decision?

Related Posts

Does it even make sense to put money in a savings account vs it in a highly liquid investment. I always hear to limit exposure but at the same time, "Investments always go up long run"?

What is the best basic/starter/beginner investment tool to use? Should go with low, medium or high-risk for now? Would an investment tool or a fixed insurance savings plan be better to grow money?

If one day, we have a drug that makes us live 1000 more years, if we invested in our 40s and compounded until our 850s, how would you spend your money?

I am trying to save money and at the same time, spend money to hang out with friends and go out occasionally. Any tips on how to save money while having fun and having enough to invest?

For those who invest, and about to buy your home where you would stay for whole of life, would you pay for your home using cpf oa or cash? How do my spouse and I make a decision?

Advertisement