Just wondering if it is possible to grow wealth with little capital at the start? Wasn't blessed with huge savings from parents or other sources where you have at least 10k even before you grad...? - Seedly
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Anonymous

Asked 2w ago

Just wondering if it is possible to grow wealth with little capital at the start? Wasn't blessed with huge savings from parents or other sources where you have at least 10k even before you grad...?

How can those of us with little capital grow wealth?

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Hey Anon,

I guess this is more of a question of privilege. Privilege definitely exists and it affects wealth accumulation.

It definitely doesn't feel good when we compare ourselves to those around us, who seem to have life much easier or are enjoying the finer things in life (social media platforms like Instagram only exacerbates this).

But unfortunately, privilege is something we are born with (or without), and is not within our control. And I guess all we can do is to learn to accept it, and then work from there.

Let me refer you to another question thread if you're keen to read more:

https://seedly.sg/questions/how-can-one-overcome-the-structural-challenge-of-privilege-to-pursue-fire

It's not easy, but know that you're not alone. All the best!

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It is indeed a blessing to have a sum of money before graduation, but isnt it more fulfilled if you are the one making that first 10K? With all the Regular Saving Plan (RSP) investment opportunities around nowadays, it is relative low entry barrier for anyone to start investing. You can begin your journey at as low as $50 to buy ETF from Fundsupermart. Most other platforms allow you to buy unit trust at $100. If you have irregular source of money, you can also choose to begin your investment with Stashaway which you can put any amount in.

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Every journey started off with a single step. While you are unlikely to end up as filthy-rich unless something changed, you will be able to improve the situation slightly for your next generation. Personally I sold my weekends during NS to save up for my university tuition fees, and I graduated with less than $500 in my bank. Not that I deem myself successfully yet right now, but I firmly believe that I am heading in the right direction at the very least.

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Question Poster

2w ago

It sucks to be poor but i feel that we tend to appreciate things in life when we are given less. With the right mentality and efforts, i believe that one can actually achieve greater things.
JK
JK

2w ago

I do agree with you, that we will appreciate things others may take for granted, like how my ex feels that dingtaifeng is a normal place for dates, but I see it as a treat. And yes, I do feel overwhelmed from time to time when I realised how far behind I am behind of others just because my starting line is different from most people. Just gotta dig in those heels and carry on walking towards the end goal.
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Hi Anon! It is definitely possible to grow wealth even with little capital. Everyone comes from different financial backgrounds and some are just more fortunate than others. Assuming you are still studying, you can consider taking up a part-time internship to earn some extra pocket money whilst learning a new skill. Who knows, this skill will come in handy when you are applying for future full-time jobs and puts you at an advantage (i.e potentially higher pay) compared to your peers. You can also take up side hustle jobs such as baking, giving tuition, or copywriting.

You can also start investing with Robo-advisors as most of them do not have a minimum investment sum and you can start with the limited amount of capital that you have! Starting early is better than nothing, but remember to only invest using your spare cash and do not touch on your emergency funds.

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If this little capital is spare cash and you don't need to touch it for a long time, feel free to do dollar-cost averaging via robo-advisors and/or regular savings plan (unit trusts distributed by banks).

If this little capital needs to grow and be used within the next 5 years, put them in stuff like bonds, insurance savings, short-term endowment or investment portfolios with a lower proportion of equities.

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