30 yrs old plus and still no money
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we are on the same boat.Originally posted by browniebaobao:yes.. that's bcos i had been repressing myself.
shopping makes a person happy leh.
at least, makes me happy. tho at the end of the day, i might really be very broke-n-ed.
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The best part is the 70k income are bankrupt and have negative saving.Originally posted by nightzip:I guess not even 30% of the 30yos working population are getting this.
*Pss... if got lobang, PM me, dont tell others ok?
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that's only one way to solve your problem. find a rich boyfriend. marry him.Originally posted by browniebaobao:yes.. that's bcos i had been repressing myself.
shopping makes a person happy leh.
at least, makes me happy. tho at the end of the day, i might really be very broke-n-ed. -
Or should I say 30 to 35yrs old.Originally posted by blowfish:i doubt it. there are still MANY annual income is below 20k. -
I noticed that alot of young people ae driving now a days.
No They don't drive a Kia Picanto
Nor a Cherry QQ
They drive Mercedes, BMW , Jaguars , Integras and the lists goes on.
Talking about poor wealth control, most of these people are poor but they put up a strong front only. -
I not so lucky, my dad is an asshole, so everything I pay myself, ever since "O" levels. I worked 3 yrs to save lor, multiple jobs, seriously stressful but now I'm not only used to it, but I am enjoying working. Moreover, I started investing a couple of yrs back, so not all money came from me, some of them are generated "profits" from previous investments.Originally posted by browniebaobao:wah.. 25 yrs old with 60k.. how long did u save?
my bro's fren.. 19 years old alrd got 50k in his bank..
that's bcos his dad is a gambler and his mum could foresee the worst happening, and so saved for him since young. -
True, in fact if you think about it, people work hard to earn money ultimately is to be happy. People want to trade money for happiness, but honestly, if someone is deeply in debt with nothing to show for, then it's hard to be happy.Originally posted by Rock^Star:it's ok lah, not everything is about dollars and sense too. a gd quality of life counts too -
that's wat i dream too.Originally posted by Gordonator:that's only one way to solve your problem. find a rich boyfriend. marry him.
can only dream la.. look at myself.. wahlew.. find a bf also difficult, not to mention a rich bf. -
fwah..Originally posted by DailyFreeGames.com:I not so lucky, my dad is an asshole, so everything I pay myself, ever since "O" levels. I worked 3 yrs to save lor, multiple jobs, seriously stressful but now I'm not only used to it, but I am enjoying working. Moreover, I started investing a couple of yrs back, so not all money came from me, some of them are generated "profits" from previous investments.
got wat investment tips share share leh~ -
I wonder those who can affort a car how much they earning?Originally posted by nightzip:Yo bro! you kee siao ah...
At 30, annual income can be 70k meh? that makes it 70k/12 = $5.8 k.
Even at 50k ==> every month you make $4.2k
I guess not even 30% of the 30yos working population are getting this.
*Pss... if got lobang, PM me, dont tell others ok? ~*
I dun think it's a magic number but there may be 30% getting 50k above ?
I remember one post state the average income is about 45k or 50k by IRAS.
Anyway, this is just a figure, saving need one discipline and self control. -
Yeah, but there might be some exceptions. Last time this NS guy, heard he every month earning 20k, coz he had a biz, driving Merc, but I like him because he's extremely friendly and humble, never boast much, it's really amazing. He got really good looks and money, could have been a player, but still so loyal to his gf. Another guy I look up to is Warran Buffet, he so rich but still so frugal, really amazing, he's my hero.Originally posted by buses_galore:They drive Mercedes, BMW , Jaguars , Integras and the lists goes on.
Talking about poor wealth control, most of these people are poor but they put up a strong front only. -
Investing is very easy, but you need to put in time and effort. You need to understand what the company is doing, the management team, what its future strategies might be, and read current news and relate how the strategies is in alignment with the market trends. Example, if the company during its annual reports stated that it's going into the cd/vcd market over the next 5 yrs and recent research shows that youngsters nowadays prefer to download music from the net, then you know the company is likely to face plenty of risk ahead. You need to do alot of research, and relate the information to if the business is going to be more profitable in the future. You need to have an exit strategy, meaning, you need to know what should be the actual value of the stock, at what price you will sell it. For example, if the value of the stock is $1, but the market price is $0.30, you should buy and wait until it gets to $1 then sell. But if the market price is $1.10, then the price is more than what the stock should be valued at, so dun buy. To put in layman term means, if you go into a furniture shop and see Chair A and Chair B, chair A cost $1, chair B cost $2, that's their price. If chair A can last you only 1 year, but chair B last 5 years, chair B has better value than Chair A. People who only see the price and not the value tend to buy liabilities. People who know how to spot value in some things, will be able to buy assets. That's why the cheapest may not be the best.Originally posted by browniebaobao:fwah..
got wat investment tips share share leh~
Even if you don't know anything about investing, I still suggest you just anyhow pick a few stocks from different industries, sort of like diversification to reduce your risk. Since stock market grow about 10% annually, over the long run, you will still earn more money than the puny 1% banks pay for your savings. Investment is for really long term, 2yrs to >20yrs, but overall i would suggest put the money in and forget about it. When I first started, I invest and then everyday check the stock market prices, really dumb of me.
Banks take your money, give you 1% interest, then they invest in other things, even if they earn 6% from your money, think about it, using your money and paying you 1% but they keep 5%, you dulan or not. Somemore nowadays credit card is 24% interests rite?
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i also told my sis i wana invest..Originally posted by DailyFreeGames.com:Investing is very easy, but you need to put in time and effort. You need to understand what the company is doing, the management team, what its future strategies might be, and read current news and relate how the strategies is in alignment with the market trends. Example, if the company during its annual reports stated that it's going into the cd/vcd market over the next 5 yrs and recent research shows that youngsters nowadays prefer to download music from the net, then you know the company is likely to face plenty of risk ahead. You need to do alot of research, and relate the information to if the business is going to be more profitable in the future. You need to have an exit strategy, meaning, you need to know what should be the actual value of the stock, at what price you will sell it. For example, if the value of the stock is $1, but the market price is $0.30, you should buy and wait until it gets to $1 then sell. But if the market price is $1.10, then the price is more than what the stock should be valued at, so dun buy. To put in layman term means, if you go into a furniture shop and see Chair A and Chair B, chair A cost $1, chair B cost $2, that's their price. If chair A can last you only 1 year, but chair B last 5 years, chair B has better value than Chair A. People who only see the price and not the value tend to buy liabilities. People who know how to spot value in some things, will be able to buy assets. That's why the cheapest may not be the best.
Even if you don't know anything about investing, I still suggest you just anyhow pick a few stocks from different industries, sort of like diversification to reduce your risk. Since stock market grow about 10% annually, over the long run, you will still earn more money than the puny 1% banks pay for your savings. Investment is for really long term, 2yrs to >20yrs, but overall i would suggest put the money in and forget about it. When I first started, I invest and then everyday check the stock market prices, really dumb of me.
Banks take your money, give you 1% interest, then they invest in other things, even if they earn 6% from your money, think about it, using your money and paying you 1% but they keep 5%, you dulan or not. Somemore nowadays credit card is 24% interests rite?
she ask me one question..
''how much do u have to invest?"
me jitao sian..
cash i might not have, but i have cpf.
she say cpf cannot take out de. i have to wait for 30+ years wor. -
i guess being born wealthy is an added advantage.
well, i dont spend much,no clubbing,no expenses, no cars, only food..haha
i gues i'm the perfect child..
mwhahahaha..
too bad i stupid in studies...sigh
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[quote]Originally posted by browniebaobao:
[b]
i also told my sis i wana invest..
she ask me one question..
''how much do u have to invest?"
me jitao sian..
cash i might not have, but i have cpf.
she say cpf cannot take out de. i have to wait for 30+ years wor
is it near 30? -
ok lah i help u speak to andy lau see how.Originally posted by browniebaobao:that's wat i dream too.
can only dream la.. look at myself.. wahlew.. find a bf also difficult, not to mention a rich bf. -
no need.. i can ask him myself..Originally posted by Gordonator:ok lah i help u speak to andy lau see how. 
im gg to see him this saturday~
and if im lucky, i might get to see him on fri and sun too~!! -
interest all kns 1Originally posted by browniebaobao:
standard chartered.. no minimum sum..
so far i know, interest is 1.88%. posbank is only 0.26%.
and it's v flexible..
u transfer money to this e$avers acc from ur other bank account(s).
any amount up to u.
then if u need money, u can always transfer back the money to ur other bank accs.. so that u can withdraw and spend..
if withdraw from standard chartered branch.. have to pay $5 per transaction.
na bei ,inflation in spore already 2% a yr
E real value of my $ only drop nia 
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I thought you talking about me
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Wow, how old was he? 20 at most? That's a mean feat, having a business that makes 20k profit in his absence.Originally posted by DailyFreeGames.com:Yeah, but there might be some exceptions. Last time this NS guy, heard he every month earning 20k, coz he had a biz, driving Merc, but I like him because he's extremely friendly and humble, never boast much, it's really amazing. He got really good looks and money, could have been a player, but still so loyal to his gf. Another guy I look up to is Warran Buffet, he so rich but still so frugal, really amazing, he's my hero.
Any idea what he was in? Not to copy lah, just to study. -
Hmmmm.
Am 17....
have a 4 fig sum in bank.
Actually thanks to Dad lah.
He forbade me to have ATM card...
So I pay everything by cash, so yeah.
Don't get ANY cards if you wanna save money.
This coming from a teenager who has no access to her bank account and is surviving on 3 figures a month. -
no ATM so mafanOriginally posted by missqi:Hmmmm.
Am 17....
have a 4 fig sum in bank.
Actually thanks to Dad lah.
He forbade me to have ATM card...
So I pay everything by cash, so yeah.
Don't get ANY cards if you wanna save money.
This coming from a teenager who has no access to her bank account and is surviving on 3 figures a month. think i oso gt 4 fig sum cos JC bero busy no time spend$ -
Aiyo.Originally posted by Chelzea:no ATM so mafan think i oso gt 4 fig sum cos JC bero busy no time spend$
I go out is carry cash all the way one....... -
Lol, 4 figs can be alot or little. 9999 or 1000Originally posted by missqi:Hmmmm.
Am 17....
have a 4 fig sum in bank.
Actually thanks to Dad lah.
He forbade me to have ATM card...
So I pay everything by cash, so yeah.
Don't get ANY cards if you wanna save money.
This coming from a teenager who has no access to her bank account and is surviving on 3 figures a month.
I'm 18, and i have about 1k in the account i manage
Its true cards cos alot of problems, esp the younger you are. I got the UOB debit when i was 16. Got quite a large sum for sweet 16 and spent all in a year on nothing but you know what? Food, movies, etcetc
Anyway, i'm back to 1k+ thanks to dad and i'm proud to say i've managed to maintain that about for a year already.
Best thing to do is CONTROL.
Also, i make a few hundred bucks off pools every month
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you cant bring money to the grave what.
some more in sg marry and have children so expensive...
tio cancer just jump lor.