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Anonymous
Will I still be able to be successful in this plan?
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Loo Cheng Chuan
13 Jun 2020
Founder at 1M65 Movement
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Guo Wei
11 Jun 2020
Me at Home
If you are single, I think staying together with your parents is a good way to increase your savings! (Provided your parents do not chase you out)
In an event that your parents wish for you to be independent, I think renting is a viable option/ you could convince your parents that you would pay for the utility fees or contribute towards the household funds.
Using the 50/30/20 rule, you should be able to save and invest through DCA monthly and still be able to enjoy a comfortable life together with your parents!
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As I have mentioned in the video, there is a lot of financial synergies as a couple e.g.sharing of heavy expenses like housing, cars etc. would be a lot tougher but it can still be done. a lot more sacrifices needed to be made .