tag:blogger.com,1999:blog-3276688108456391559.post871245410066171750..comments2024-02-27T13:41:46.698+08:00Comments on SG Young Investment: How I Amassed More Than $120,000 After 4.5 Years of WorkSGYIhttp://www.blogger.com/profile/09445517891969740960noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-3276688108456391559.post-6862587197549339202015-03-16T13:47:37.823+08:002015-03-16T13:47:37.823+08:00Hi,
37% is of $2500. 50% is of $2000. So it ends...Hi, <br /><br />37% is of $2500. 50% is of $2000. So it ends up as 77% of $2500. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-29814539737046747512015-03-16T12:59:09.716+08:002015-03-16T12:59:09.716+08:00how do u get 77% by adding 50%+37%? 87%, no?how do u get 77% by adding 50%+37%? 87%, no?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-91453360072639313082015-03-15T23:23:11.594+08:002015-03-15T23:23:11.594+08:00Hi David,
I think its still possible for you sinc...Hi David,<br /><br />I think its still possible for you since you graduated from university and should have a higher starting pay than what I started with. In fact, your savings plan could be even better than mine. All the best!SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-35450354601578605232015-03-15T22:41:44.039+08:002015-03-15T22:41:44.039+08:00Hi. I failed miserably in saving money during my u...Hi. I failed miserably in saving money during my university life.<br /><br />Do you thing is it possible to achieve your savings plan? ThanksAnonymoushttps://www.blogger.com/profile/12944839776830574590noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-84722733936466786082015-03-12T21:15:23.297+08:002015-03-12T21:15:23.297+08:00Hi CSCCC,
If all of us spend lesser, the world wi...Hi CSCCC,<br /><br />If all of us spend lesser, the world will still move on. In fact it could be good for the society as a whole because as we consume less, we don't have to produce so much also which leads to shorter working hours. <br /><br />Saving money also improves productivity. The engine of economic growth is never consumption. It is savings and investment. When we save and invest, it increases the productivity of a nation. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-51387651814950327352015-03-12T20:32:26.089+08:002015-03-12T20:32:26.089+08:00look forward to more sharing related to growing we...look forward to more sharing related to growing wealth and investment experience/skills.. if all the youngsters in Spore are fully inspired by you to go down the path of a thrifty life and serious savings, the companies that we invest in cant grow their business and earnings lolChun Siang (Jacky)https://www.blogger.com/profile/01068857944894798061noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-49788213081609226852015-03-12T17:32:59.654+08:002015-03-12T17:32:59.654+08:00Yes it does include my shares portfolioYes it does include my shares portfolioSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-51822118143109793622015-03-12T16:37:24.978+08:002015-03-12T16:37:24.978+08:00Does this $120k include your shares portfolio capi...Does this $120k include your shares portfolio capital ? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-23898341273440108002015-03-12T07:20:43.340+08:002015-03-12T07:20:43.340+08:00Hi KopiO,
Thanks for your kind words. Actually I&...Hi KopiO,<br /><br />Thanks for your kind words. Actually I've been enjoying throughout the years even when I was saving money. I still eat out at restaurants, go for holidays, watch movies, go shopping. Its just that I always get the same quality for a lesser price. That's what enabled me to enjoy while still saving money. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-28364403123021900762015-03-11T23:24:37.515+08:002015-03-11T23:24:37.515+08:00Stumbled upon your post given the eye catching tit...Stumbled upon your post given the eye catching title. keep up the good work but don't forget to enjoy the fruits of your labour. cheersKopiOhttp://www.kopimatters.comnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-41288954136203499012015-03-11T17:32:15.960+08:002015-03-11T17:32:15.960+08:00Hi JX,
Welcome to the working world. Salary incre...Hi JX,<br /><br />Welcome to the working world. Salary increment is really dependable on your boss base on your performance. To have good performance, we need to have good knowledge on our job and also deliver results fast and accurately. That's what the bosses want. Also, you can try taking the initiative to take on special projects and do more than your other colleagues. Most importantly, you have to get along well with your boss as well as colleagues. People talk about each other all the time and bad things do travel fast. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-39164802774300679202015-03-11T16:01:15.920+08:002015-03-11T16:01:15.920+08:00Hi SGYI,
good blog post. I just started working n...Hi SGYI,<br /> good blog post. I just started working not long ago and wish to follow in your foot step. <br /><br />mind to share how your salary has increased more than 60% over the past 4 years?<br /><br />Regards,<br />JXJX Gohnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-83491191220957322402015-03-11T08:48:39.333+08:002015-03-11T08:48:39.333+08:00Hi Uncle CW,
You're a great example of someon...Hi Uncle CW,<br /><br />You're a great example of someone who's married with kids and still can achieve financial independence. Kudos to you! SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-1970500435959648682015-03-11T08:24:22.079+08:002015-03-11T08:24:22.079+08:00Life is worth more than just becoming a Great Save...Life is worth more than just becoming a Great Saver. <br /><br />Our life can be shorter than expected. We should all be aware of it!<br /><br />One day, we wish that we can spend our money freely on our own terms; but we can't! For some health reasons.<br /><br />It is a given fact, being married with kids will NOT be able to maintain the same saving rate as when you are still single. A single household income with kids could be worse.<br /><br />In life, we reap what we sow. Being singles are no different. Only time will tell the final outcome and depending on which mental state that we are in when the time arrive. We all have parents and grand-parents. If we bother to look very closely at them we will have some ideas of being older and older.<br /><br />Being married with kids with higher expenses and much lower saving rate doesn't necessary mean you can't achieve financial independence at your own terms before Singapore official retirement age. <br /><br />We may need to work harder than the singles on our human and financial asset and also we may take longer to reach there. Just much later! This is price that we may pay for it if we decide to take path.<br /><br /><br /><br /><br /><br /><br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-83883595628738071922015-03-11T08:03:45.924+08:002015-03-11T08:03:45.924+08:00Hi,
Actually the savings part does not require to...Hi,<br /><br />Actually the savings part does not require too much discipline on my part now. It has become more or less a lifestyle for me. It starts with changing our mindset. Will we be more happy if we spend more money? Sometimes we can really be more unhappy if we have more material stuffs which clutter up our life. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-5835290083794986792015-03-11T08:00:26.620+08:002015-03-11T08:00:26.620+08:00Hi,
Thanks for the insight. That means if I want ...Hi,<br /><br />Thanks for the insight. That means if I want to have the same savings rate, I have to increase my current income by more than 50%!! <br /><br />After all, its not easy starting a family in Singapore. Planning certainly needs to be done. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-84023446696793484532015-03-11T07:06:25.334+08:002015-03-11T07:06:25.334+08:00Hi AK,
Does this post remind you of your younger ...Hi AK,<br /><br />Does this post remind you of your younger days? :p<br /><br />Thanks for the encouragement and guidance all these while. On a serious note, if it wasn't for your "If AK can do it so can you" phrase, I wouldn't think it was possible for me to believe it can be done. :)SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-77885541881728723332015-03-10T23:48:06.422+08:002015-03-10T23:48:06.422+08:00Hi SGYI,
And people wonder how a 44 year old lao ...Hi SGYI,<br /><br />And people wonder how a 44 year old lao kok kok blogger like AK71 is able to have so much savings. You go tell them for me, ok? Oh, you are doing it with this blog post liao. Good job! ;)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-40250463643234841912015-03-10T21:47:28.121+08:002015-03-10T21:47:28.121+08:00Hi SGYI,
Great savings tactics - admire your deter...Hi SGYI,<br />Great savings tactics - admire your determination and discipline! <br /><br />Shame on me that my salary is much higher but I have not saved so much in the same period!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-89851575127495916682015-03-10T21:35:11.246+08:002015-03-10T21:35:11.246+08:00I managed to save nearly 80% of gross income (incl...I managed to save nearly 80% of gross income (inclusive of CPF) before i have my first baby came along last year. Now after deducting everything, i am only able to save around 30%. Not sure if you are ready to start a family but an insight for you. If you still manage to save such a high % after having a kid, kudos to u!!! Anyway...well done, remb to enjoy life too!! Cos life is short!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-83532644327831526832015-03-10T20:51:03.758+08:002015-03-10T20:51:03.758+08:00Hi B,
Thank you for your encouragement again. It ...Hi B,<br /><br />Thank you for your encouragement again. It means a lot to me :)<br /><br />If it goes viral then I have to go into hiding :pSGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-47965138467138186832015-03-10T20:42:55.343+08:002015-03-10T20:42:55.343+08:00Hi SGYI
Saying hello here to reiterate again a go...Hi SGYI<br /><br />Saying hello here to reiterate again a good and commendable post this is. I hope this article goes viral so more younger crowd can read and be motivated.Bhttps://www.blogger.com/profile/09041255778427742477noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-78222109231594367372015-03-10T19:08:18.711+08:002015-03-10T19:08:18.711+08:00Hi CSCCC,
Yes you're right. I always believe ...Hi CSCCC,<br /><br />Yes you're right. I always believe in a balance between saving and spending too. Increasing income is needed as well so we don't have to save too much to achieve our financial goals. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-34009019609109211492015-03-10T18:53:20.789+08:002015-03-10T18:53:20.789+08:00Hi Art,
For tracking of expenses, I use an app ca...Hi Art,<br /><br />For tracking of expenses, I use an app called expense manager then transfer the values into excel occasionally. I also use excel to predict my wealth 10, 20, 30 years from now. This can be done using simple excel formulas and dragging it down to the rest of the cells. I think I have some posts which shows the prediction on my blog. Will share more again in the next few posts also. SGYIhttps://www.blogger.com/profile/09445517891969740960noreply@blogger.comtag:blogger.com,1999:blog-3276688108456391559.post-4798059128368571222015-03-10T18:46:48.403+08:002015-03-10T18:46:48.403+08:00Great job!
May i also sound a word of caution on ...Great job!<br /><br />May i also sound a word of caution on not to be too extreme on savings such that u missed out on enjoying life and more importantly your youth.Chun Siang (Jacky)https://www.blogger.com/profile/01068857944894798061noreply@blogger.com