Asked by Anonymous
Current situation: - Monthly expenses of around 600-700 (Only includes Insurance and student loan). However, my student loan will be paid off in 3 years' time. - Applied for BTO and flat should be ready by 2022. Have to plan for wedding etc. - Fresh grad with savings of less than 1000 (Majority of my savings have gone to investment and insurance - Adding up to around 10k I have previously worked as a Financial Consultant during my university days but sales wasn't good due to lack of effort.
Honestly its based on which you prefer. Stable career for me because i think financial consultant is not an easy job, you have to put in a lot effort to do well. You have an ongoing student loan and you already threw yourself into upcoming housing loan and planning for wedding but you have less than 1k of savings. You need a bigger emergency fund of around 6 months expenses. You put 10k in investment and insurance with ongoing student debt, upcoming house loan and wedding cost. Less than 1k is not enough when emergency actually happen. If you are not careful and emergency happens or you cant sell as a financial consultant, you will be in a very sticky situation.