How much of your salary did you set aside to get started on building your portfolio? What about for average Singaporeans? - Seedly
Seedly logo
Seedly logo
Ā 

Investments

PFF Panel 4

Seedly PFF 2019

Anonymous

Asked on 02 Mar 2019

How much of your salary did you set aside to get started on building your portfolio? What about for average Singaporeans?

0 comments

3 answers

Answer Now

Answers (3)

Sort By

Junus Eu

Junus Eu

Level 9. God of Wisdom

Answered on 13 Mar 2019

I started off setting aside at least 50% of my salary from the time I got my first paycheck and it is possible once you determine the kind of lifestyle you need and it's relating budget. It works for me - my aim was to hit six figure savings by 25, and also to buy freehold property by that age. I missed by target for property buying by one year (i was 26 then).

Bottom line is - it always helps to have a monthly goal!

0
šŸ‘
1
Thank You!
Can you clarify
I wonder if
This is so helpful šŸ‘
What about
Post
Dawn Fiona

Dawn Fiona

Level 7. Grand Master

Answered on 04 Mar 2019

Hmm I saved $20,000 in my first year of work (http://www.sgbudgetbabe.com/2014/12/how-i-saved-20000-in-year.html) and so I used that to start with.

But you can also start earlier even with just $100 a month! Like RSS plans (http://www.sgbudgetbabe.com/2019/03/regular-shares-savings-plans-super-simple-method-to-invest.html)

0
šŸ‘
0
Thank You!
Can you clarify
I wonder if
This is so helpful šŸ‘
What about
Post

Im still studying but im aiming to save and invest at least 50% of my income once i start working.

0
šŸ‘
0
Thank You!
Can you clarify
I wonder if
This is so helpful šŸ‘
What about
Post