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Thread: How much saving should you have at age 30?

  1. #1
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    Default How much saving should you have at age 30?

    is it > $200k saving at age 30?
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    with avg 6 working yrs of adult local male grad, 33k saved per yr. wow. sure?

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    your salary for the first 3 years should be $2.5k to $3k /mo meh...
    unless you are the top 5% who earn more when you started work
    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    Highly unlikely, perhaps for lawyers and IB ONLY.

    Others, highly unlikely.

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    (i'm grabbing all the numbers from you guys only hor... and play play punching the calculator... ... so dun flame me... )

    say, start work at 2.7K, working for 6yrs, now 5K....

    estimated income for 6yrs,... (2.7K+5K)/2 * 72months = 277K
    after cpf deduction, 277K * 0.8 = ~220K...

    any investments for last 5yrs (if not in properties) higher chances could be burnt jialat jialat....

    200K may be achieveable, just stay with parents, meals sponsored by parents, 13-month aws/bonus used to pay income tax... no entertainment, no hp, dating expenses paid by gf....

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    100k when i was 30.

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    Quote Originally Posted by august
    100k when i was 30.
    Quite similar but mine mainly is because of my stocks gain. My salary started in 1997 at $2k and jump to $2.5k, $3.1k, $3.7k, $4.5k every year. I have worked only 6yrs in my lifetime.. these are the 6years.. If I had stayed on and work 10yrs of my life.. it might be $2k compounded at 20% = $12k.

    Regret quitting coz I now discovered the joy of having a good social life at work while earning free money (in exchange for my time).

    Of course.. even better if you become self-employed where the sky is the limit. Property agents seems to be a good fit for investors

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    depends on your lifestyle do u like to eat this....



    or this...


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    bro focus, why only worked 6 yrs? did u try to rejoin job mkt since then?

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    Good laugh for sunday..

    i never eat both before..

    vege & cabbage, yes..

    not grass
    and don't even think about eating that black thing...dunno what it is call

    Quote Originally Posted by radha08
    depends on your lifestyle do u like to eat this....



    or this...

    I took the road less traveled by, and that has made all the difference. - Robert Frost quotes (American poet, 1874-1963)

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    The title should add "if singles and no property"

    very hard my friend to save 200k without a windfall if u travel, socialize normally
    Ride at your own risk !!!

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    other possible ways:

    divorce with alimony
    inheritance
    own business
    run scams
    real estate agent
    pimp
    elected as mp from age 22
    star sportsman

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    Quote Originally Posted by carbuncle
    other possible ways:

    divorce with alimony
    inheritance
    own business
    run scams
    real estate agent
    pimp
    elected as mp from age 22
    star sportsman
    toto/4d,...
    run church....
    suport from parent, pil hdb rented out....


  15. #15
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    200K no big $$ these days lah....

    coe paper 100K liow...
    ~800sqft compact 2bdr makan 160+K as downpayment liow....

    very soon 200K not enough for 20% downpayment of resale 5rm hdb....


  16. #16
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    Quote Originally Posted by roly8
    Good laugh for sunday..

    i never eat both before..

    vege & cabbage, yes..

    not grass
    and don't even think about eating that black thing...dunno what it is call
    http://www.google.com/search?hl=en&s...BIOurAeDkYCoBg

    and....

    http://www.google.com/search?hl=en&s...w=1069&bih=735

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    197x population possible if managed savings well... they avoided the 97/98 crises

    stock mkt boom prior 07/08 crises from 03 to 07; these ppl were in their 5th-6th yr working; if make $$$ in stocks & cashed out to buy 1st property in 07...

    Shld be able to afford 2nd or 3rd property today

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    Quote Originally Posted by auroraborealis
    Shld be able to afford 2nd or 3rd property today
    if quantum is small, likely even 4th property.

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    Same as you do... 200k+ cash + 1 4-room HDB + 1 Waterbank (just sold) + 1 A4 when I was 30 + 1 wife...

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    Quote Originally Posted by roly8
    Good laugh for sunday..

    i never eat both before..

    vege & cabbage, yes..

    not grass
    and don't even think about eating that black thing...dunno what it is call
    that black thing called caviar...fish eggs...ang mo say nice......ok for singaporeans from ang mo kio maybe we prefer crab eggs....


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    I must warn about Less than 30y old investing in stocks, most of the time it is luck only, be very careful
    Ride at your own risk !!!

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    Quote Originally Posted by imjason
    Same as you do... 200k+ cash + 1 4-room HDB + 1 Waterbank (just sold) + 1 A4 when I was 30 + 1 wife...
    Walau.. you owned a Skyhawk A4???

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    Quote Originally Posted by carbuncle
    bro focus, why only worked 6 yrs? did u try to rejoin job mkt since then?
    Lol.. I have been absent from job market for 5 yrs now and reaching 40yrs old.

    I have just sent out to job agencies offering to give them 1 month of my pay as incentive if they placed me successfully. So far, no one called.. hehe .. Maybe I should offer 2 months of salary. I just need to get one foot into the job market.. but Looks like it's true.. for ordinary people with ordinary skills, once you reach 40yrs old, you can only become property agents, insurance agents and taxi drivers.

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    Quote Originally Posted by phantom_opera
    I must warn about Less than 30y old investing in stocks, most of the time it is luck only, be very careful
    Couldn't agree more !!! but it also depends if one is gambling or investing !!!

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    Quote Originally Posted by focus
    Lol.. I have been absent from job market for 5 yrs now and reaching 40yrs old.

    I have just sent out to job agencies offering to give them 1 month of my pay as incentive if they placed me successfully. So far, no one called.. hehe .. Maybe I should offer 2 months of salary. I just need to get one foot into the job market.. but Looks like it's true.. for ordinary people with ordinary skills, once you reach 40yrs old, you can only become property agents, insurance agents and taxi drivers.
    What's your qualification and asking ?

    * Audi A4... but pretty regret getting it ... Car is still a liability...

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    bro focus, I asked bcoz I am at where you were 4 yrs ago.

    what do u say when they ask why u have taken such a long break?

    I can think of some unverifiable explanation.

    take care of relative
    round world tour
    religious reason
    further spiritual studies
    care of ill pets
    volunteering
    wrote a book but not published

  27. #27
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    Quote Originally Posted by imjason
    What's your qualification and asking ?

    * Audi A4... but pretty regret getting it ... Car is still a liability...
    lol.. I couldn't associate the Audi with A4 when i saw the post..
    Ya, car is really a liability in Singapore.

    A car is a downpayment for a condo, a full payment for a KL apt.. But just a car in Singapore that is 10yrs LH..

    But .. the scary thing is... 30 ferraris costing >$1m snapped up ...
    I go katong mall on a normal weekday.. i see 2 bentleys ...
    I go old air port road to buy lunch.. i see ferraris and bentleys and maseratis and lambo...

    The amount of rich people in singapore scares me... I think Cars will become a thing for the rich .. we might all be taking trains and buses and taxis soon.

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    Quote Originally Posted by carbuncle
    bro focus, I asked bcoz I am at where you were 4 yrs ago.

    what do u say when they ask why u have taken such a long break?

    I can think of some unverifiable explanation.

    take care of relative
    round world tour
    religious reason
    further spiritual studies
    care of ill pets
    volunteering
    wrote a book but not published
    Well.. congrats!
    At least you get interviews and asked why you have taken such long breaks.

    A part of me really wanted to say take a sabbatical... but I know I cannot pull it off.. so the best answer would be Personal matters. If you have to ask.. i already told you..it's personal.. which part of personal you do not understand? .. lol.. No wonder they say sinkies workers have attitudes.

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    I know why liao!!! u r sis focus and not a bro. and u were taking care of u bb the past 5 yrs!!

  30. #30
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    Luck or skill... Depends on whether the market is in one's way or not
    Most would associate success with skill & failure with bad luck; given a choice I rather be lucky than skillful


    Quote Originally Posted by phantom_opera
    I must warn about Less than 30y old investing in stocks, most of the time it is luck only, be very careful

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