I am currently 20, in my first year or university with about 5k in savings, and currently not engaging in any part-time work. Any advice on how to grow my savings ? - Seedly

Savings

SeedlyTV EP01

Investments

Asked by Anonymous

Asked on 26 Mar 2019

I am currently 20, in my first year or university with about 5k in savings, and currently not engaging in any part-time work. Any advice on how to grow my savings ?

0

Answers (3)

Sort By

Most Upvote

  • Most Upvote
  • Most Recent
Hazwan
Hazwan

()

Level 1. Freshie
Answered on 23 Jul 2019

Boy, you're still young

Go for courses that shape your mindset, followed by public relations/communication, then valuable skills such as stock trading/investments and sales/business, if that interests you in the future.

Use your multiple gahmen bonuses (don't be stingy) to buy books and online courses that gives you skills that can serve you well after 30s or 40s. Don't rest or be comfy. Be restless and keep learning and applying what you learnt.

When you think you are oredi champion, then you're screwed!

Invest in your health too. So that when you are rich in the future especially if you follow my advices, you can enjoy the fruits of your labour while you're in the pink of health

Dun give excuses or ask too many questions. Seek knowledge thru coaching and mentorships and apply to gain experience. Gain feedback and improve. Rinse and repeat, until cow come home.

0 comments

0
Zann Chua
Zann Chua
Top Contributor

Top Contributor (Mar)

Level 6. Master
Answered on 26 Mar 2019

Hello!

I think the fastest way to grow your savings would be to do some part-time work. However, being a uni student myself i get that it may not be easy to juggle with school work and working part time. So if you are looking at other forms of growing your savings then i think investing would be a way for you to grow your savings.

A choice of investment would be to invest in ETFs monthly which can be done through a regular savings plan. Such investments do not cost much. If i am not wrong, the minimum is $100 a month. Such investments would help to grow your savings in the long run. But of course if you can afford the time to do some part time work that would be the optimal to help to grow your savings!

Hope this helps and all the best!

0 comments

0

Start side hustles buddy. There's a ton of stuff people are willing to pay for. Either for expertise or convenience.

Find out the things you can do that you're either good at, or something someone else doesn't want to do, but you'll do for a quick buck.

0 comments

0