Create a spreadsheet and calculate your personal net worth. This can be your savings in bank accounts, investments, things that you can sell off (eg. Carousell), cash value of insurance. Some even consider CPF. Subtract that with your liabilities if any: existing loans or unpaid payments. Hopefully your calculated net worth turns out positive. From there, you can have a broader idea of what you can monetise and also decide how much to allocate to investments. Tracking your expenses is important too. Know what you can reduce spending on. No blame no shame. List everything. You can use the Seedly app (it's free!) Set goals. There are stages in life that require huge sum of money. Travel expenses? Further studies? Marriage? New house? Babies? Cars? Medical bills? Postmortem expenses? Ask yourself what you want in life. When do you think is a good time to retire? Read up on CPF, IRAS, HDB, all the gov websites. Familiarise yourself with the possible tax reliefs. Know what you can or cannot do with your CPF.