How Long does it take to reach 100k? - Seedly
 

Savings

Asked by Anonymous

Asked on 02 Nov 2018

How Long does it take to reach 100k?

0

Answers (3)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 07 Jun 2019

Maybe give us more details to work on? Such as how much you earn and save. Then some simple calculations can get you the time you need.

1 comment

0
Question Poster

on 05 Nov 2018

I’m NSF, 7 more months to ORD. I’m a clerk with a couple of health problems. I’m earning 580 and cannot up rank. I have a poly dip cert. Still finding my way in my career. Learning how to Budget whatever I have... hopefully will be able to provide for my parents. They too have a lot of medical issues.
Good Day Every Day
Good Day Every Day
Level 6. Master
Updated on 07 Jun 2019

It really depends on 1) how much you are earning and saving 2) how conservative or aggregate towards investment (your risk profile) 3) the type of investment instruments in achieving your financial objective 4) the risk management strategies that you deploy and put in place

1 comment

0
Question Poster

on 05 Nov 2018

I invest $50 on my StashAway, $100 on Savings. The rest on transport, phone and food, as well as weekend. I earn $580 and I am balanced in my risk appetite. I’m primarily investing to have enough for my future medical bills.

Depends on how much you earn and save.

0 comments

0