Is 100k net worth (total savings + cpf) by age 30 commendable by today's standards? - Seedly
 

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Asked by Anonymous

Asked on 10 Jun 2019

Is 100k net worth (total savings + cpf) by age 30 commendable by today's standards?

Coz if it is, that's what I'm going for

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Jansen Ng
Jansen Ng, Business Student at Ntu
Level 5. Genius
Answered on 10 Jun 2019

If you are going to strive for the standard because it is commendable, lemme just commend u on the thought of it first. This way you dont have to strive to reach a standard just because it is comendable.

But really, different people have different family, financial background and earning power. Set ur standards based on your goals or % of income saved/spent. Ask yourself, is 100k by 30 something that you will be happy with, or isit sometime you need to slogg hard and forgo lots of other activities, or isit something you close eyes also can get based on current income and spending.

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Junus Eu
Junus Eu
Top Contributor

Top Contributor (Jan)

Level 9. God of Wisdom
Answered on 10 Jun 2019

It's interesting how there seems to be a common theme of 100k by 30.

I don't think it's fair to say if it's commendable or not (by today's standards). If anything, perhaps it could put you at the above average mark of savings of people aged 30 in Singapore.

That said, why limit yourself?

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Hard to tell because there are so many factors. If someone earn 10k a month, get 100k by 30 will be too easy right.

Set your own goal, work towards it. No need to compare.

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Good Day Every Day
Good Day Every Day
Level 7. Grand Master
Answered on 10 Jun 2019

One do not measure himself or herself by how much he earns, spends or saves. I am not saying that money is not important. I am merely saying that there are many things in life more important than how much money you have. How healthy and happy you are physically, socially and mentally is more meaningful than how much money you have.

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