7 Tips | How I Reached $100,000 at 27 Years Old
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- Опубліковано 31 лип 2024
- Today I'll share with you 7 practical tips that has helped me reached $100,000 before the age of 30, at 27. No, I do not come from a well to do family, and no, I did not get family inheritance. These were some of the money mindsets I had, bringing me to where I am today. Hopefully it can inspire you to do the same for yourself!
💭 My Annual Budget Tracker - ko-fi.com/s/e45fe60c1b
💭 My Net Worth Tracker - ko-fi.com/s/d99366e5b5
🎥 My Mini-Retirement Travelling - • How I took a Mini Reti...
🎥 S&P500 Return on Investment - • My 6 Months Return on ...
If you enjoyed this video, give it a like, it'll really help with supporting this channel! Constructive feedback is always welcome!! 🙂
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How I Manage My Money
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🛒 2 in 1 Personal Finances Tracker - ko-fi.com/s/12b3ae7641
🛒 Annual Budgeting Spreadsheet - ko-fi.com/s/e45fe60c1b
🛒 Net Worth Tracker - ko-fi.com/s/d99366e5b5
🛒 My $ Foundation (FREE) - ko-fi.com/s/878c3211cb
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Travel Multi Currency Cards | ranked to my preference
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🌟 REVOLUT ➡️bit.ly/3UHBgPZ
🌟 WISE ➡️ Fee free transfer / conversion on first S$900 - tinyurl.com/demiwise
🌟 YOUTRIP ➡️ Receive $5 on first top up - tinyurl.com/dzyoutrip01
🌟 TRUST BANK ➡️ Receive $35 NTUC Voucher - Referral Code: 69F3T6UM
🌟 INSTAREM ➡️ tinyurl.com/demiinstarem - Referral code: KplHNh
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Investment Platforms I Use
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🎋 Moomoo - j.moomoo.com/00x8FW
🎋 Syfe Trade - www.syfe.com/invite/demi
🎋 Webull - a.webull.com.sg/i/DemiZhuang
🎋 StashAway - www.stashaway.sg/ref/demizhuang
My Credit Card Combination (for day to day expenses)
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MILES
🍣🛒✈️ HSBC Revolution - bit.ly/dzhsbcrevolution
✈️ UOB Ladys - bit.ly/dzuobladys
🚌 Standard Chartered Smart - bit.ly/dzscsmart
💳 Citi Rewards - bit.ly/dzcitirewards
✈️ Kris+ App Code - bit.ly/dzkrisplus | Key in Code - Z210966
💚 HeyMax - bit.ly/dzheymax
CASHBACK
💳 UOB EVOL - bit.ly/dzuobevol
🍣🛒✈️ HSBC Revolution - bit.ly/dzhsbcrevolution
😉 HSBC Advance - bit.ly/dzhsbcadvance
Other Credit Cards I’d Recommend
💳 UOB One - bit.ly/dzuobone
💳 UOB Absolute AMEX - bit.ly/dzuobabsoluteamex
💳 Citi Cashback+ (1.6%) - bit.ly/dzciticashbackplus
💳 Citi Cashback ($800 min spend) - bit.ly/dzciticashback
💳 AMEX True Cashback - bit.ly/dzamextruecashback
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Connect With Me
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📫 Email - demi.zhuangg@gmail.com
💛 Support - ko-fi.com/demizhuang
👋🏼 Instagram - @demiizhuangg
🌐 My Website - demizhuang.com
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Books that Changed My Perspective (Life & Money)
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📚 The Pathless Path - amzn.to/3vxYqOu
📚 The Psychology of Money - amzn.to/3vB4g1p
📚 Die with Zero - amzn.to/3ShqkHb
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🇰🇷 Related Essentials
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📞 Korea E-SIM - shope.ee/1LE1IbPRGp
✈️ My Choice for Travel Insurance (easy claim process) - tinyurl.com/dzfwdtravelinsurance
🎥 Jeju Airbnb Tour - • 1 month on Jeju Island
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Disclaimer
Hey guys, I just wanted to mention that with all the videos I've posted to-date should not be taken as financial, investment or trading advice. All views expressed in the videos are that of mine. Remember to always do your own research before making any decision. All that I've mentioned in the videos are ways and how it has helped ME in my personal finance journey. I hope you take away snippets of insights and if it can be applied to your financial situation that'll be great. I do not represent and will not be liable in any way for the decisions you make after watching the video. 🫡 Some links above are affiliate link. I earn a little at no cost to you!
TIMESTAMPS:
00:00 - Introduction
00:24 - Start Working as Early as Possible
02:03 - Living with a Balance Mindset
02:58 - Track & Budget your Money
06:47 - Allocate your Money for Interest
08:25 - Start Investing Early
09:42 - Have Multiple Sources of Income
11:08 - Keep your Eyes on the Bigger Goal
#financialfreedom #singaporean - Навчання та стиль
I reached my first 100k (excluding CPF) at age 27 In 2018 - fast forward 5 years later I am at SGD 1.04m (excluding CPF about 80k) through property and equity investments and salary multiplier
Tat is amazing
Congrats! Let's aim for the 200k club as the next milestone
Congratulations on your first $100,000! It is a great milestone.
i also reach 100k at 27 (outside of CPF), then the next five years i blew it all on KTV, women, alcohol, travelling and gambling. WORTH IT. now 34 and going full monk mode again
Congratulations! You're such an inspiration Demi~
Thank youuu!
Congrats on reaching your first 100k! It's great that you have a goal in mind from young unlike myself still pretty clueless on what I want/need.. Enjoyed watching your videos as usual, very inspiring 😊
Thank youu 🙂 Never too late to have one now too! Appreciate you following along, I hope all these helps!
Congrats !!
Thanks for sharing, very insightful 😊
Glad it was helpful :)
Thanks alot Demi. It really motivate me to save more money.
Let's keep going~
Congrats on achieving your 100k goal
Thank you!
such a cliffhanger! now i cant wait for the next video to know how u achieved a huge leap😅
congratulation :) . good share
Congrats !
Thank you!
congratsssss!
Thank youu
Hi Demi, congrats on hitting 100k before 27. I have also hit 100k this year at 27 mainly cuz of the recent bull market.
Congrats too!!! :)
great channel and content......keep it up
Thank you!!
Two thumbs up!
👍🏻👍🏻 haha
Mine’s REITs & ETF 🙌🏻
Thanks for the best and wise advices ❤ Need start learning slowly at a age of 25😂😂😂
never too late! :)
Congratulations.
Thank you!
I am from India, currently in Singapore for work. I wanted to know if it is possible to invest for an outsider like me?
Hi Demi, what corporate bonds do you hold? Is it those Temasek Bonds?
Thanks again for your transparency, knowledge and motivation. Sure can help n relate to many of us😊
yes! I did reveal them quite a few times in those money diaries series! Thank you for the encouragement, really keeps me going knowing some of you do appreciate! Cheers~
Is budget baker wallet bank sync safe ? I heard one guy got his credit card charge for stuff. Just wanted to check if I should use the bank sync or not
I didn’t use it. And whether you use it or not, these days fraud transactions keep happening and you can’t tell whether is it from this kind of stuff.
Congratsx3
Thank you!
Whats your thoughts on starting at a slightly later age (im 28), married, preparing for my BTO reno and child? I do not have alot of spare money i can put in long term investing for compounding
I think it doesnt matter when you start as long as you do it asap. Beyond 50 thats when it matter when but now in your 20s or 30s just start somewhere
@@DemiZhuang I do have more than 50% of my assets invested, however, im stuck between keeping up that investments or putting money aside for my renovation and plans for children in the near future, any thoughts?
Don’t invest $ that you need in the next 2-3 years. U never know how the market will be like..
What would you reccomend to start investing for retirement? Would you reccomend any roboinvestors? I am a 25 y/o beginner in this. Thanks!
Broad based ETFs, Index Funds if you can. But if you don't want to think so much into it, Roboadvisors can be the way to go.
Oh! How do you invest in corporate bonds? I only know of funds that hold corporate bonds.
Also congratulations!! 🎉
Hmmm i think ppl term this as retail bonds also 🙊 i usually get it when they IPO.
Thank youuu
@@DemiZhuang oh! Which platform do you use to purchase corporate bonds? And thank you for the fast reply !
Usually they’re released thru banks! Similar to how we apply for Singapore Savings Bond and TBills :) after IPO u can purchase in the open market. Moomoo’s platform has them listed too
wow cool $100K at 27. Congrats.
Thank you!!
@@DemiZhuang Uncle just reached 55 than got access to $100,000 and more now.
Hello Demi! Thanks for the insightful video. Could you share how your stocks capital jumped from $18k in June to $31k in July? If you still could remember what happen back then.. haha. And also how your bonds + t-bills jumped from $36k in April to $51k in May.
Hello, I invested more hence capital increased. Bought more t-bills then hence increased.
@@DemiZhuang I see, so is it accurate to say that the main driving factor that helped you achieve $100k was mainly due to your income increase (UA-cam, etc.), and not because of your capital gains and returns in stocks, bonds, and t-bills?
I think investing early is a nice thing to do, but I will still err on caution of telling people to invest when they are too young. In my uni days, I had seen friends who lost loads of money (-40 to 50%) from the stock crash, and the loss was pretty significant. Investing is a battle of wits, and maybe because I am a stock picker, so I suffered less, by countering and rebalancing my portfolio with more resilient stocks to reduce losses during the downs (~20%). All this comes with experience, but more importantly I believe people should not rush into stocks/indexes blindly without understanding their mindset whether they can take a loss. I would say paper investing is better as it trains the mind to avoid an investment panic sellout.
Take everyone’s word with a grain of salt I guess haha what works for one might not work for everyone too, something I realise in this journey.
My net worth about 2 mil at 50 yo , i hope i m doing ok
cool!! are you retired? :)
i started working at 30 but cannot reached 100k net worth before 30.
don't be discouraged! keep going, you got this!
Next target includes BTO, renovation and marriage? 😊
When the right one comes along, yes 🙂
nice the bulk of it from affiliate marketing
Why you not count your CPF?
I see it as money I can’t touch 😂
Damn congrats. 36 and don’t have that
seriously, a lot of tips we all know, is just cannot discipline to do la...same as want to be slim etc. Anyway at 27 also never think of such thing...now also too late liao.......just enjoy life ba........be happy.
Every individual wants different things in life. If you're happy at where you're at then good for you!
It's never too late. I had to restart at networth zero at around 26 or 27yo when my dad had cancer & his bills came in. Good mindset to stay positive, be happy & enjoy life!
Next goal 500k in 37 years old ? 😊
Haha let’s go
Next target 1M in 30?
Waa feels hard to picture 😂
@@DemiZhuang It is possible, I hit my 1st million 2 years after hitting my 1st 100k. I thought the same as you. I too started working early at the age of 15 while still secondary school. Bought my 1st private property by placing at 10% deposit (deferred payment scheme) at the age of 23 after hitting my 1st $100k. I bought my 1st HDB at the age of 25 & hit my 1st million too. Bought my 3rd property at the age of 29. Started buying many insurance policies at the age of 30. Started decouping & bought my 4th property at the age of 36. I have recently bought my 5th local property and now just retired at the age of 40 relying on all my investments for income. Jia you!!!
@@mrtohsw12 inspiring!
You need a bf ?
Nopee
@@DemiZhuang 😂
@@DemiZhuangHhahahhahahah this comment
Daebakkk! Way to go!
heeheeee
5:03 How does the Net Worth spreadsheet work?
17929.37+13045.92+36000+4030=71005.29 [April 69694.99 / -1310.30]
8918.64+13002.87+51000+10703=83624.51 [May 82451.28 / -1173.23]
There's the Credit Card amount at the bottom of the spreadsheet.