I will be a millionaire by 30 years old
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Lol good luck :)
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Originally posted by RETARDED_MORON:
That's the trade-off. It's a really sad thing but I'm starting to feel it too. I've stopped dining out since last year and gone clubbing only once with my friends since university began. It tends to strain my friendships because it's really hard to be friends with someone who doesn't even want to fork out $5 for a latte at Starbucks or pay $10 to watch the latest flick. Vacations are unheard of. I'm the only person I know of who works on both Saturdays AND Sundays (amidst my busy school schedule). The funny thing is that I'm starting to get used to it; it's becoming a habit, albeit an unhealthy one by most people's standards.On the other hand, I've never been richer in my life too, and not just in the financial sense. I'm starting to feel that I'm internalising good money habits day by day and learning to appreciate the value of money earned at the end of a hard day's labour. I start to feel that all the money I save and invest now, all the relevant work experience that I accumulate whilst schooling, all the books I read on various subject matter ranging from business, finance and accounting to computer science, foreign language and self-improvement and generally all my efforts in transitioning from a student to an adult are going to help me a great deal in the future, e.g. in starting my own business, taking care of my family, preparing for retirement, etc.
I'm not sure if this is optimal but, what the hell, I'm already one year through this lifestyle; I can take ten more years of that.
erm
Still can dine out... but you must make a financial statement for yourself... and allocate funds...
For me, I divided my expenditure into 3 portions, transport, food and misc, with target about 80, 500, and 300 in each category... per month...
So far... for the month of april, haven't hit yet...
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Originally posted by eagle:
erm
Still can dine out... but you must make a financial statement for yourself... and allocate funds...
For me, I divided my expenditure into 3 portions, transport, food and misc, with target about 80, 500, and 300 in each category... per month...
So far... for the month of april, haven't hit yet...
i also allocate fund. usually got surplus to carry on to the next month..
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Originally posted by mh2:
i also allocate fund. usually got surplus to carry on to the next month..
I also allocate surplus for savings/investments on top of those I allocated. :D
Nowadays I aim to do dividend investing... so as to build up monthly cashflow... instead of focussing energies on capital gain of speculative stocks... this should result in higher and higher cashflow as time goes by... and should have more and more surplus... :D
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Originally posted by eagle:
erm
Still can dine out... but you must make a financial statement for yourself... and allocate funds...
For me, I divided my expenditure into 3 portions, transport, food and misc, with target about 80, 500, and 300 in each category... per month...
So far... for the month of april, haven't hit yet...
It's about time I follow in your footsteps. Haven't started practising prudent money habits -
million dollars?? whoa...thats like...like buying more than 10 mentos
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Originally posted by eagle:
erm
Still can dine out... but you must make a financial statement for yourself... and allocate funds...
For me, I divided my expenditure into 3 portions, transport, food and misc, with target about 80, 500, and 300 in each category... per month...
So far... for the month of april, haven't hit yet...
I actually have a budget for myself:$300 rent per month, $30 a week, with an additional $30 per month for phone bill. I usually have surpluses of $2-$4 at the end of each week which I accumulate to top up my EZ-Link card.
With my budget, I can't eat out.
In fact, it's not even due to my low income as a student. I suspect when I earn thousands of dollars in the future, I will keep up this habit. I'm just way too used to it now that it's actually fun!
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write a book of ur life ok?
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i want to take over the world by the age of 24
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Originally posted by sbs8104h:
i want to take over the world by the age of 24
but you are 25 now. -
Originally posted by skythewood:
but you are 25 now.i'm not 25.
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LOL.u think u napolean?
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Originally posted by HiAy3Captain:
write a book of ur life ok?
I'm seriously contemplating it, but I'm not sure if it's "read"-worthy. I've taken smaller steps though, like making press releases to the local media (no luck so far) and to NUS campus periodicals (in progress now; I'm working closely with the editor so there's a good chance). The thing is that I'm not much of a PR person, and I don't have much of a "hook" (pardon the journalism lingo), except that I'm a foreign talent, and we all know how well words like "prostitution", "salary" and "foreigner" sell in Singapore.I'll update this thread from time to time just in case anyone cares.
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Originally posted by sbs8104h:
i want to take over the world by the age of 24
I actually had that in mind once upon a time; then I decided that I don't want to bear the possibility of being overthrown, court marshalled and shot in the prime of my life. -
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There is an easier way.
Be a PAP Minister!!!
You will be a millionaire in less than a year.
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Originally posted by deepak.c:
There is an easier way.
Be a PAP Minister!!!
You will be a millionaire in less than a year.
you mean a month
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Originally posted by sbs8104h:
i'm not 25.
hey hey, just like you, i am talking cock, haha
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Originally posted by skythewood:h1ey hey, just like you, i am talking cock, haha
LOL
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GET A LIFE LAR ...
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How? The devil is in the details.
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rags to riches.
lol.
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saves $400 per month from the age of 25 to the age of 65 at a compound interest rate of 4% per annum, you will be a millionaire at age 65.
So, if one's goal is just to be a millionaire, the goal is easily achieved.
But if one wants to be a millionaire at the age of 30, one will need luck, acumen or extreme thriftiness as practised by retarded moron lor.
Many people buy HDB flats and sell them to make substantial profits and re-invest the money in private properties at the right time to become millionaires.
Though many people invest in shares but not many people become millionaires by making huge profits in shares.
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Originally posted by Lee012lee:
saves $400 per month from the age of 25 to the age of 65 at a compound interest rate of 4% per annum, you will be a millionaire at age 65.
So, if one's goal is just to be a millionaire, the goal is easily achieved.
But if one wants to be a millionaire at the age of 30, one will need luck, acumen or extreme thriftiness as practised by retarded moron lor.
Many people buy HDB flats and sell them to make substantial profits and re-invest the money in private properties at the right time to become millionaires.
Though many people invest in shares but not many people become millionaires by making huge profits in shares.
Serious?
$400 a month at 4% for 40 years?
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Originally posted by Lee012lee:
saves $400 per month from the age of 25 to the age of 65 at a compound interest rate of 4% per annum, you will be a millionaire at age 65.
So, if one's goal is just to be a millionaire, the goal is easily achieved.
But if one wants to be a millionaire at the age of 30, one will need luck, acumen or extreme thriftiness as practised by retarded moron lor.
Many people buy HDB flats and sell them to make substantial profits and re-invest the money in private properties at the right time to become millionaires.
Though many people invest in shares but not many people become millionaires by making huge profits in shares.
Aiming to save at least 3k or more a month, at certain stocks that can give between 5 to 10% dividend yield p.a.
hmm...