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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 🙃

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

I've hit $200k in cash savings, except...

Years ago when I entered the workforce, I set myself goals (you can refer to the left side of my blog), mainly financial ones.

I set to achieve $100k cash savings before 28.

And I met it at 25.

I shared my tips on how I achieved it here and they were really simple tips, mainly tweaks to your lifestyle (eg, dining at discounts). 

I then set out to achieve $200k by 28.

Earlier this year, I mentioned that I've crossed $150k savings and shared updated tips on how I helped myself. 

As 2018 draws to a close soon, I found out that I've hit $200k in cash savings. 

Except, I've just parked $6k+ to my CPF MA for tax relief, and it has now dropped to less than that. I've also parked $7k into my CPF SA some months back, so I would have hit $200k earlier. If I delve even deeper, I have also bought stocks amounting at ~$10k.

Yup, so I would have crossed the $200k mark even earlier. In any case, this is just a number game for me to keep track of my finances. I will probably hit $200k again in the next few months if I keep up with my "spend-less, save-more" strategy.

Definitely on track to hitting $200k before I welcome the 29 years old me!

I do know I'm quite cash heavy and I may propel myself even higher with heavier investing, but, in this volatile market, I'm not sure if I can stomach that much risk. Yup, I'm risk averse which I've said multiple times in my blog.

So, if I can hit $200k with simple tips, you probably can too.

Cheers :)




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