What is your starting salary when you first started contributing to CPF? Can you give us a feel of what was your starting salary, and so we can gauge how achievable it is for which group of income? - Seedly
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Anonymous

Asked on 05 Jun 2020

What is your starting salary when you first started contributing to CPF? Can you give us a feel of what was your starting salary, and so we can gauge how achievable it is for which group of income?

$1000? $2000? $3000? And not just say things like "I am not from a well to do family", "everybody situation is different" kind of vague answer.

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Loo Cheng Chuan
Loo Cheng Chuan, Founder at 1M65 Movement
Level 6. Master
Answered on 14 Jun 2020

I have answered this in my talk.

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Question Poster

15 Jun 2020

Thank You! I saw the talk. While I agree that we can choose to live frugally, but to some this is simply not a choice. A dip holder graduating today (staring pay around $2300) should be able to achieve $0.5M at retirement on today's value. But this also means that below this level, there are people struggling.
Clara Ng
Clara Ng, Community Manager at Seedly
Level 6. Master
Updated on 06 Jul 2020

To watch Loo's full answer to this question, you can watch it in this less than 5-min video here! https://www.facebook.com/seedlysg/videos/289199905620695/​​​

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