Daydreamer👍 4
What’s the best piece of financial advice you’ve ever received?
For me it’s to live within my means and invest the rest in simple index funds.
Daydreamer👍 4
For me it’s to live within my means and invest the rest in simple index funds.
goodman👍 5
- Male in 40s in IT sector. Main breadwinner. (Total household income 12k/mth) - Family with two children (8 and 5) - Essential Expenses 4K/month - HDB and car fully paid - Liquid assets (250-300k in stocks, mostly dividend stocks ard 4-5% yield) Abit jaded from corporate world and want to see if I can do something more fulfilling which sadly I don’t know what I am really looking for. So want to take a year break and recharge and reflect. Company allows that and I can go back but possibly a different role/team. Family is supportive. But I also don’t want to drain too much savings during this period, so I want to do some side gigs (Eg lalamove). Can’t do private hire as car has child seats. Have experience in wordpress site, mobile app dev, creating marketing content such as infographics and doodle animation video. Would like to hear from anyone with similar experience and took a break? Can share experience? Any regrets? Love to hear any suggestions on how to earn some side income. Thanks folks!
I’m single M30, living in an almost paid up 2BR condo (monthly mortgage $500 from CPF), savings ~1M and earning ~200-250K p.a. Expenses ~3K per mth Thinking of quitting and FIRE now since my savings/investments can cover my lifestyle. I will travel, exercise, do some hobbies and maybe start a YouTube/insta page to talk about investing/my life as a retiree…? Not sure if I’m crazy to retire so early and get out of the rat race. Anyone can relate or have suggestions? Will I be too bored and waste my life away lol Just wanna say I’m of course grateful to be in a financially comfortable position. I am working crazy hard and even in office right now waiting for partners’ emails to come in. Here to crowdsource thoughts only
buckfrog👍 3
Just curious how much should a 30 years old should have. Some brief description of person, local uni grad, not a high flyer, single Is the following appropriate and reasonable? CPF: $100000 Life Insurance/Savings Plan: $50000 Cash: $100000 Just wanna seek your views and what do you is appropriate if differ from the above? thanks