facebookJust wondering if it is possible to grow wealth with little capital at the start? Wasn't blessed with huge savings from parents or other sources where you have at least 10k even before you grad...? - Seedly

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Anonymous

19 Oct 2020

Retirement

Just wondering if it is possible to grow wealth with little capital at the start? Wasn't blessed with huge savings from parents or other sources where you have at least 10k even before you grad...?

How can those of us with little capital grow wealth?

Discussion (7)

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Rachelle Lye

19 Oct 2020

Digital Marketing at Fintech

Hey Anon,

I guess this is more of a question of privilege. Privilege definitely exists and it affects wealth accumulation.

It definitely doesn't feel good when we compare ourselves to those around us, who seem to have life much easier or are enjoying the finer things in life (social media platforms like Instagram only exacerbates this).

But unfortunately, privilege is something we are born with (or without), and is not within our control. And I guess all we can do is to learn to accept it, and then work from there.

Let me refer you to another question thread if you're keen to read more:

https://seedly.sg/questions/how-can-one-overcom...

It's not easy, but know that you're not alone. All the best!

Shania Loh

16 Oct 2020

Seedly Student Ambassador 2020/21 at Seedly

Hi Anon! It is definitely possible to grow wealth even with little capital. Everyone comes from different financial backgrounds and some are just more fortunate than others. Assuming you are still studying, you can consider taking up a part-time internship to earn some extra pocket money whilst learning a new skill. Who knows, this skill will come in handy when you are applying for future full-time jobs and puts you at an advantage (i.e potentially higher pay) compared to your peers. You can also take up side hustle jobs such as baking, giving tuition, or copywriting.

You can also start investing with Robo-advisors as most of them do not have a minimum investment sum and you can start with the limited amount of capital that you have! Starting early is better than nothing, but remember to only invest using your spare cash and do not touch on your emergency funds.

It is indeed a blessing to have a sum of money before graduation, but isnt it more fulfilled if you ...

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