Aaron, I am so inspired by your journey in saving and investing that I have shared your video with my niece and nephew. I also hope that you will find a GF that will share your outlook on life and so long you are happy that is most important.
That is extremely impressive! Although I felt that you should have gone on a Uni overseas exchange trip as it was one of the things I regretted not being able to do. Money can be earned, but time cannot be turned back. Who knows you can go to many holidays once you have achieved FIRE.
Actually i have never once regretted not going exchange haha. Much rather save the exchange money and live in another country for a longer term after retirement :)
Everyone coming to here to get themselves noticed. Hahaha. Its good to see you have good financial habits and plan. I dont believe in dividends as its not exactly the best strategy in the long run but everyone’s different and for that i think you have done pretty good so far. Keep it up
good for you, and also thanks for sharing. This shows the difference on our starting point. From NS i remained CPL and have close to 500/m while your LCT already more than doubled of mine. Your starting pay is also twice of mine.. hence the speed of reaching the end goal is definitely way faster.
@@AaronSurvivinginSingapore yup definitely, as it boils down to self control on our spending pattern. It is also great that your family members are able to give financial advises on investments while youre still young.
@@AaronSurvivinginSingapore We just made a reaction video to you! ua-cam.com/video/0CfP7zf29wQ/v-deo.html ps: is there any way to reach out to you? Or you can reach me via email at kelvinlearnsinvesting@gmail.com
Woww thank you!! Ive been investing a lot lately into dividend stocks so i have 900 in my bank account now and 2+k in my investing acc. Never seen such low numbers b4 haha
whoa!! thanks chris!! yup don't worry! I'm still buying everything I want but when I'm done using it, I'll sell it and breakeven or even sometimes profit too. So my net spending is very low and still get to play with lots of stuff. (just like the macbook i recently bought) :D
300k & 2.4Km 820 at 25 - damn lol, you're a beast. that said, do you ever feel you may be missing out on experiences, that though cost a bomb (e.g. overseas exchange), might add value to your life in other ways like memories/exposure?
Yea i wanna travel too but rather than spending 2weeks of holiday, id rather just retire first and live long term in the country 🤣 then i can have all the memories/exposure i want haha but i admit im lacking a social life rn.
Wow congrats but I think you may have missed out on a few key memories to cherish. Time is ticking don’t hesitate to spend sometimes to create eternal memories
@@AaronSurvivinginSingapore Go check on HDB for their various schemes, subsidies and restrictions especially if you are planning to rent out spare rooms to generate retirement income. www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/singles
@@AaronSurvivinginSingapore I check out both video and in your crazy vid you didn't really spend much lol. I observe you say $3k a month and you have an assumption of 5% dividend yield. I think you can look upon this in layers. Firstly, you have to work out your desired lifestyle first. You can think in terms of schemes. For example, I see in some of the numbers the minimum spend is $1290 a month. I can assure you if you want you don't have to spend so much as my most inflexible expenses such as food, transport, utilities, broadband, hp, and some vital replacements such as handphone and laptop and some medical needs come up to $800 a month. although that is based on 2 meals but if you wish for one more meal that may come up to $1000. If you manage to secure this, you can ensure that you have basic living in your parents home forever. Of course, you got to think about the flat later, but you can think in terms of layers. While using 5% in dividend yield may seem prudent, there are fluctuations in dividend income.If you want your plan to be more prudent, you can plan to spend 3% of the dividend portfolio even though you can have more income. IF you go by this equation, the number comes up to $12,000/0.03 = $400,000. You are not too far away and probably that is 2 years away. My experience tells me that 3% is good but if someone plans with 2.5%, their income is more or less perpetual even if they adjust for high inflation or poor market conditions. That is about $480,000 or three years away. This plan is buffering based upon the income. you can imagine you might be getting $28k in income (6% dividend yield) but only needing $12k. If you managed to settle this, and have perpetual income for your most essential needs, then you can think of the next thing if you are still comfortable in working... perhaps saving up for your own place, or a income fund for the fun stuff. hope this helps.
When I saw ur starting salary is 6k, i stopped the video. Youre so lucky. Im working in Singapore, but cant even reach 3k yet, and my company only concentrate promotion for Singaporean😢. I literally save and invested everything even i have less salary, and its so hard.
The most important step by far was to get a high paying job right after graduation 😂😂 looking at the numbers your bonus also quite power. Comp sci graduate these days really have it good... Got lobang intro leh 😂😂
hey bro, 25 too and working toward financial independence, started saving from army days, currently studying part time degree and working full time in IT field but not so technical role. I have 1/5 of your savings including cpf. I am investing too Worked for a year, earning slightly more than half of your first salary, any advice from yourself on how to progress and make as much money as you?
I would put most if not all of my salary in stocks haha until there's only $1k in my bank account. I invest in at least 6% div yield blue chip stocks to get consistent returns to reinvest again!
You missed the most important thing bro - get a job that pays you 6k/mo and huge bonus as a fresh grad 😂 saving that extra $1 a week won't make you rich
That is very impressive for your age. But i do notice that you have shortchanged yourself of a lot of experience due to this. But well something’s gotta give, if it is okie with you then it’s all cool.
Yeah i don't mind this lifestyle for 3-4 years if i can reach financial independence! 😀 anyway if u watch my day in life vlog, i pretty content with my daily life :)
Wow congrats Aaron, this is definitely an achievement to celebrate! I notice that you have not given yourself any allowance for experiences, social life, and networking which may actually bring more intangible returns that can't be quantified by dollars and cents. Do remember that investing in experiences, like getting a girlfriend(s) or a wife might be dollars down the drain if you think about it but in hindsight could provide you more satisfaction and fulfillment than the amount of money sitting in the bank/investment portfolio.
Thank you!! Haha maybe i should make a video about my social life. Ppl seem to think I have none. I still regularly chat with my sec classmates and meet a group of friends who run 2x a week. So all free. I don't travel so much, I don't really have an urge to visit a country. I'm not actively avoiding having a gf haha but its hard to find one.
@@AaronSurvivinginSingapore Great that you have friends that you have share similar interests with. But having a wide network of friends and social life does give you more opportunities to meet people and practise your social skills that might eventually lead you to meeting someone you fancy. Speaking my own not having much friends because I wanted to save my parents' money earlier in life. And felt that hanging out with friends was a waste of time and money. I too started the social game quite late only in my 20s (now late 20s). But what would prove to be rewarding was the seeds i planted reaped me rewards such as landing me an opportunity that would multiply my income 3-4x from my starting pay which is not much less than yours in just 4 years. That's just one, that i feel would resonate with you but honestly, I could care less about the extra money it's nice but I value my network way more than the money i can see now. I'm not discounting you from the current friends you have. I'm just speaking from my experience and sharing what I personally saw success in. And now in my budgeting, I include a socialising category instead of just food. Baby steps go a long way, dont need to spend a ton to nurture a friendship/relationship.
This is very informative! Just a quick question, do you think putting off getting a GF makes it more expensive down the road? Might be preferable to lock down a partner early on in life so there's less dating expenses down the road.
Hmm cos of compounding, money is worth more earlier and worth less later. But im not putting off having a gf just to save money haha its just my situation 🙃
Yup. We already know doctors, lawyers, developers earn the highest out of university, so its not like my salary just randomly appear out of nowhere. Im also working in the public sector, so my private sector peers have even higher pay, so more ridiculous than me. Im just sharing my current situation, tq!
Well done young man! Just don’t deprive yourself from give something back to you and your loved ones. Memories and moments are precious. 😊
Yup I'm just enjoying the free things to do in sg for now😁
While I applaud your achievements, not everyone is lucky to get 6000 as a starting pay. Till now, my highest pay had never reach 3500 & above
Yeah i know. I'm just sharing my story. :)
Aaron, I am so inspired by your journey in saving and investing that I have shared your video with my niece and nephew. I also hope that you will find a GF that will share your outlook on life and so long you are happy that is most important.
Thanks!! I also hope so haha
That is extremely impressive! Although I felt that you should have gone on a Uni overseas exchange trip as it was one of the things I regretted not being able to do. Money can be earned, but time cannot be turned back. Who knows you can go to many holidays once you have achieved FIRE.
Actually i have never once regretted not going exchange haha. Much rather save the exchange money and live in another country for a longer term after retirement :)
Absolute legend my man, I can never do what you are doing. Work and just staying at home. Your achievement is extraordinary.
Hahaha i dont just stay at home 😅 i just hardly spend money going out too :)
im seriously impressed with so many aspects of the things that you've shared. keep up the good work and i hope you find joy in whatever you're doing
Thanks so much 😊😊
Please share more about your dividend portfolio!! Love your videos, it's exactly what I'm working towards.
Wow!! Glad to know there are others too :) sure! Ill start on that vid soon 😊
Everyone coming to here to get themselves noticed. Hahaha. Its good to see you have good financial habits and plan. I dont believe in dividends as its not exactly the best strategy in the long run but everyone’s different and for that i think you have done pretty good so far. Keep it up
Thanks 😊
Well done! Not many young adults can plan for the future.
😄 thanks so much! Hopefully it goes to plan 😂
Lol. Totally same as me xia. Our thought process is quite similar. I also think this way the price I pay today = 10x in 10 yrs time. Lol.
Nice nice. Hope u will achieve your financial goals soon too 😀
good for you, and also thanks for sharing. This shows the difference on our starting point. From NS i remained CPL and have close to 500/m while your LCT already more than doubled of mine. Your starting pay is also twice of mine.. hence the speed of reaching the end goal is definitely way faster.
Yes but also i know some peers who earn around the same as me and spend a lot of money. Many ns peers also end up with close to 0 at the end of ns🤦♂️
@@AaronSurvivinginSingapore yup definitely, as it boils down to self control on our spending pattern. It is also great that your family members are able to give financial advises on investments while youre still young.
Dang, this is really impressive!! Congrats!!
Haha learn from you one sir 😉
@@AaronSurvivinginSingapore We just made a reaction video to you! ua-cam.com/video/0CfP7zf29wQ/v-deo.html
ps: is there any way to reach out to you? Or you can reach me via email at kelvinlearnsinvesting@gmail.com
Damn, just chanced upon your video. Superb stuff!
Thx sir 😊
You are blessed with very supporting parents & enviroments. Good Job there!
Yeah id say i have lived a pretty comfortable life so far 😀
Good job mate your doing well for yourself. Keep up the good work
Thank you 😊!!!
Amazing achievement! Requires a lot of focus and discipline to do this. Congrats!
Hehe thank you 😊 hope u find this interesting haha
Hihi Aaron may I know the CPF is just OA or all the accounts added up? Avid fan here!
all the accounts! thanks! :D
There was a recent adjustment across many companies in SG, is your monthly pay now 7+k?
I heard about the adjustment but haven't received any email yet haha. Probably won't hit 7k la 🤣
Bro can u do a tutorial on how you buy ur dividend stocks
Ok! U mean how i choose or what platform i use?
well done! Wish I was this prudent when I was young. You will surely achieve your retirement/FIRE goal .💪
Thank you! Unless i suddenly get retrenched haha 😄
Super impressive video, you gained a new subscriber! Just a curious question, how much do you usually hold in cash?
Woww thank you!! Ive been investing a lot lately into dividend stocks so i have 900 in my bank account now and 2+k in my investing acc. Never seen such low numbers b4 haha
@@AaronSurvivinginSingapore Interesting, what about having an emergency fund? Do you have that kept somewhere?
@maxxscreen just liquidate some stocks that has capital gain :)
What div yield stocks do you put most of your cash into?
you can watch it here :) ua-cam.com/video/h92bgZf5vpY/v-deo.html
This is very impressive Aaron! But do remember to smell the roses along the way
whoa!! thanks chris!! yup don't worry! I'm still buying everything I want but when I'm done using it, I'll sell it and breakeven or even sometimes profit too. So my net spending is very low and still get to play with lots of stuff. (just like the macbook i recently bought) :D
applaud for dedication.
FIRE is live like dog to retire like peasant.
U can find out whats your ideal lifestyle costs and work backwards from there!
300k & 2.4Km 820 at 25 - damn lol, you're a beast. that said, do you ever feel you may be missing out on experiences, that though cost a bomb (e.g. overseas exchange), might add value to your life in other ways like memories/exposure?
Yea i wanna travel too but rather than spending 2weeks of holiday, id rather just retire first and live long term in the country 🤣 then i can have all the memories/exposure i want haha but i admit im lacking a social life rn.
Seriously you need a life and settle down with a wife. Social life also needs investment and time
@rayne5368 yup working on that too!
Wow congrats but I think you may have missed out on a few key memories to cherish. Time is ticking don’t hesitate to spend sometimes to create eternal memories
that's exactly what i want to do when i reach financial independence :)
Bro pls share your dividend/investment which stocks you buy thank you!
Yup made a vid alr :)
where did you buy the m1 macbook air?
Carousell! It has a very small dent at a corner but its still super cheap!
@@AaronSurvivinginSingapore Thanks for replying, is it a shop or individual seller? :):)
Individual. Dont think shop can sell so cheap cos they gotta make money haha
@@AaronSurvivinginSingaporebought mine 2 years ago at $750 and i thought it was a steal 😢
@BryanLeeMX wah 2years ago it definitely was a steal!!!!!!!!
What industry are you working in??
It!
@@AaronSurvivinginSingapore man. That’s quite insane. Did you study in IT too?
@@domchuaaa haha of course :)
Well done young man!🎉
Thank you sir 🫡
Young man don’t forget to buy your HDB BTO. It can help generate income when you stay long in another country. Might even be able to travel for free!
Can buy bto without gf meh o.o. thanks! Will look into it!
@@AaronSurvivinginSingapore
Go check on HDB for their various schemes, subsidies and restrictions especially if you are planning to rent out spare rooms to generate retirement income.
www.hdb.gov.sg/residential/buying-a-flat/understanding-your-eligibility-and-housing-loan-options/flat-and-grant-eligibility/singles
KNN you ran 8 min 20 sec! Other than this damn strong. How much do you spend? I can help you work out your FI permutation.
Haha my pb is sub 8mins actually 😅 i made another video on my spending too!
@@AaronSurvivinginSingapore I check out both video and in your crazy vid you didn't really spend much lol. I observe you say $3k a month and you have an assumption of 5% dividend yield. I think you can look upon this in layers.
Firstly, you have to work out your desired lifestyle first. You can think in terms of schemes. For example, I see in some of the numbers the minimum spend is $1290 a month. I can assure you if you want you don't have to spend so much as my most inflexible expenses such as food, transport, utilities, broadband, hp, and some vital replacements such as handphone and laptop and some medical needs come up to $800 a month. although that is based on 2 meals but if you wish for one more meal that may come up to $1000.
If you manage to secure this, you can ensure that you have basic living in your parents home forever. Of course, you got to think about the flat later, but you can think in terms of layers.
While using 5% in dividend yield may seem prudent, there are fluctuations in dividend income.If you want your plan to be more prudent, you can plan to spend 3% of the dividend portfolio even though you can have more income. IF you go by this equation, the number comes up to $12,000/0.03 = $400,000. You are not too far away and probably that is 2 years away. My experience tells me that 3% is good but if someone plans with 2.5%, their income is more or less perpetual even if they adjust for high inflation or poor market conditions. That is about $480,000 or three years away. This plan is buffering based upon the income. you can imagine you might be getting $28k in income (6% dividend yield) but only needing $12k.
If you managed to settle this, and have perpetual income for your most essential needs, then you can think of the next thing if you are still comfortable in working... perhaps saving up for your own place, or a income fund for the fun stuff. hope this helps.
😂 Glad to know there's someone out there like me
25, SWE, uniqlo, photography, invest, ippt gold, no gf 🤣
Hahaha jyjy! Lets get a gf soon 😂
When I saw ur starting salary is 6k, i stopped the video. Youre so lucky. Im working in Singapore, but cant even reach 3k yet, and my company only concentrate promotion for Singaporean😢. I literally save and invested everything even i have less salary, and its so hard.
Depends what industry you're in i guess. Most it graduates are getting 5k starting salary like me
drop what youre working as now
Software developer!
The most important step by far was to get a high paying job right after graduation 😂😂 looking at the numbers your bonus also quite power. Comp sci graduate these days really have it good... Got lobang intro leh 😂😂
Ya ikr!! And a lot of my colleagues are really comfortable too!! (Also still wfh on most days 🙈🙈)
Good job my brother💥🤟
Thank you!!
If you had invested in stronger US stocks you'd already be retiring with a million usd by now.
Yea oh well. Im not in that situation 🤷♂️ at least i have some us tech stock etfs
I worked 7years and don’t have 300k yet😂😂
haha must include cpf. its yours too :)
At $300K you might want to look at a 2BR condo, partition the living room and do co-living for rental while staying with parents.
I think dividend investing is much simpler and not so much work hahah😅
What did u study?😮
Computer science!
How to get a 5k salary job?
I guess study in a relevant field in uni
cool story bro!
hey bro, 25 too and working toward financial independence, started saving from army days, currently studying part time degree and working full time in IT field but not so technical role.
I have 1/5 of your savings including cpf. I am investing too
Worked for a year, earning slightly more than half of your first salary, any advice from yourself on how to progress and make as much money as you?
I would put most if not all of my salary in stocks haha until there's only $1k in my bank account. I invest in at least 6% div yield blue chip stocks to get consistent returns to reinvest again!
You missed the most important thing bro - get a job that pays you 6k/mo and huge bonus as a fresh grad 😂 saving that extra $1 a week won't make you rich
That is very impressive for your age. But i do notice that you have shortchanged yourself of a lot of experience due to this. But well something’s gotta give, if it is okie with you then it’s all cool.
Yeah i don't mind this lifestyle for 3-4 years if i can reach financial independence! 😀 anyway if u watch my day in life vlog, i pretty content with my daily life :)
Can share your dividemd portfolio that you invest on thanks
Sure ill start making it 😊
👏👏👏
Congrats
How I wish I were like u when I was young 😢
Wow congrats Aaron, this is definitely an achievement to celebrate! I notice that you have not given yourself any allowance for experiences, social life, and networking which may actually bring more intangible returns that can't be quantified by dollars and cents. Do remember that investing in experiences, like getting a girlfriend(s) or a wife might be dollars down the drain if you think about it but in hindsight could provide you more satisfaction and fulfillment than the amount of money sitting in the bank/investment portfolio.
Thank you!! Haha maybe i should make a video about my social life. Ppl seem to think I have none. I still regularly chat with my sec classmates and meet a group of friends who run 2x a week. So all free. I don't travel so much, I don't really have an urge to visit a country. I'm not actively avoiding having a gf haha but its hard to find one.
@@AaronSurvivinginSingapore Great that you have friends that you have share similar interests with. But having a wide network of friends and social life does give you more opportunities to meet people and practise your social skills that might eventually lead you to meeting someone you fancy.
Speaking my own not having much friends because I wanted to save my parents' money earlier in life. And felt that hanging out with friends was a waste of time and money.
I too started the social game quite late only in my 20s (now late 20s). But what would prove to be rewarding was the seeds i planted reaped me rewards such as landing me an opportunity that would multiply my income 3-4x from my starting pay which is not much less than yours in just 4 years. That's just one, that i feel would resonate with you but honestly, I could care less about the extra money it's nice but I value my network way more than the money i can see now.
I'm not discounting you from the current friends you have. I'm just speaking from my experience and sharing what I personally saw success in. And now in my budgeting, I include a socialising category instead of just food. Baby steps go a long way, dont need to spend a ton to nurture a friendship/relationship.
Invest in pty too
This is very informative! Just a quick question, do you think putting off getting a GF makes it more expensive down the road? Might be preferable to lock down a partner early on in life so there's less dating expenses down the road.
Hmm cos of compounding, money is worth more earlier and worth less later. But im not putting off having a gf just to save money haha its just my situation 🙃
Bruh 8:20 😮 Any tips?
I train with national athletes haha 😅 follow them only
Not everyone has a 5900 starting salary as a fresh grad. That's ridiculous. And also, u didn't have to bto or pay huge sums on mortgage
Yup. We already know doctors, lawyers, developers earn the highest out of university, so its not like my salary just randomly appear out of nowhere. Im also working in the public sector, so my private sector peers have even higher pay, so more ridiculous than me. Im just sharing my current situation, tq!
👍👍👍👍👍👍
Salute. Amen. Wheres tysons? #katiefanggg
Too extreme saver alrdy. Lol. Do contribute to your parents sufficiently too since you have eating Homecook food for the past few years.
haha not extreme for me :) yup i do contribute to my parents more than others(i think)
Your starting wage is high😲
Nope, cos im in the public sector, my private sector peers are earning more than me :)
@@AaronSurvivinginSingapore
Thanks for replying the comment.
Joker for clickbait
Hi there, i believe clickbait means the content is false. But it's not