Skip to main content

Achieving $300k cash before the clock hits 30

When I first started blogging (cue the first blog post), I set myself a goal to save $100k by 28.
$100k cash, excluding CPF.
I achieved this at 25.

I even thought my $100k would drop downwards after paying for flat, reno, kids. But who would have known that my chance to get a flat would only happen at 27, and my savings grew and grew?

$200k at 28
At 28, I hit $200k cash savings. It took me 3 years to grow another $100k. 
If not for the fact that I've been topping up $14k annually to mum and my CPF RA/SA, spendings on wedding, house related stuff and frequent holidays, I would have much more cash on hand. But, that can't be real, that's not living - those money have to be spent.

If not for the fact that I've pumped $80k over the past 7 years into stocks, of which the paper value is now only at $60k+, I'd been $80k "richer". The converse could be said if I've great investment capabilities to grow $80k to $100k πŸ™ƒ

Anyway...
As I edge closer to 30 ⏰, I've ano…

End 2018 review - net worth at $372k

This year passed by exceptionally fast.

So many things happened this year that if I don't keep a blog, I'll probably forget the details of what happened. Key things that happened this year:

- Secured my flat in my dream location
- Got married
- Got promoted

2018 review

Here's a recap of what went by in 2018

Net Worth

- Grew my net worth by $85k in one year. 
Some things to note: 
- did transfers/contribution to my CPF SA & MA and my mum's SA 
- deducted ~$20k off my CPF for my flat

Investments and Gains

Gained an estimated $10k from CNY angbao, bank interests and stocks transactions and dividends

Hopes and Goals for 2019


  • Stay healthy and happy
  • Have a little piglet in 2019
  • Travel to Europe for honeymoon
  • Plan another short getaway for hubby and my family
  • Hope to move into my new house by mid this year and enjoy the reno process
    • Keep within a $50k budget all-in
  • Hit $250k in cash savings this year
  • Pray for lesser stress at work than in previous company

Comments

  1. Congratulations on hitting so many milestones in 2018! the irony is that with promotion, the stress level at work will go up higher! That is a quite a big amount of cash saving you have!

    ReplyDelete
  2. In time, your stock % will go up.

    ReplyDelete

Post a comment

No rude messages please. Unkind messages and spams will be blocked and deleted.

Popular posts from this blog

Extremely bad start with UOB One

With the influx of posts on social media re UOB One (psst on grabpay) and the receipt of my house keys, I decided it was the time to sign up for a UOB One account plus credit card.

It was gonna be the best tool for household joint expenses and joint savings.

However, I've faced multiple hiccups that made me VERY frustrated....WHY ME?!
1. Delayed approving process led to losing out of sign up bonus
First, I signed up for the UOB One card and Account in early Oct through Singsaver's promotion. The promotion said that I'd get to enjoy cash incentive for registration + UOB's promotion of $80 cash credit with min $1k spent within 30 days of card approval. Mind you, these terms were stated to end on 31 Oct, extracted below:

S$80 Cash Credit for UOB One Account: Limited to the first 500 new to UOB Deposits customers who either (i) deposit and maintain $5,000 or (ii) credit their salary, into their new UOB account for 6 consecutive months. Terms and conditions of the UOB Online …

What the luck? DBS and OCBC banking tokens died!

What luck. My ibanking tokens went dead one after another.

OCBC Token

First was my OCBC token. It said "low battery", but I ignored it.

And when I finally need to use it, it was dead. Granted that I could use SMS OTP, I had to make a big transfer to other banks and it was over the withdrawal limits. And to do that, I needed the ibanking token.




And serve me right for not activating the onetoken.

In the end, I had to call in to OCBC call centre for a replacement. 7 working days, they said. What a long wait.

In the midst of it, I needed to make my interbank transfers. I even went down to OCBC bank and explored a stupid manual way i.e to withdraw cash and deposit into the other bank. But the moment they told me they ran out of big notes, I got scared.

While waiting for the token to arrive, I figured I could actually do transfers in smaller amounts, but had to bear with a daily cap. Sigh.

And, one week later, my OCBC token arrived.

How efficient.

DBS token

And it was time, the DBS …

Ending 2019 with extra $6,000 in CPF

One of the best feelings in the world is seeing more $ in my accounts.

At the end of 2019, I received an extra $6,000 for my CPF.

Total CPF stands at $140k. I intend to top up $7,000 into my SA this month for tax-relief purposes.

Have you checked out yours yet? :)