Savings is a form of accumulation of wealth.
This is especially true when you are in the stage of accumulation. The higher your savings rate are, the higher your ability to put those funds into investment and get higher returns thereafter.
I've had a fairly solid savings rate since I started my investment portfolio in 2010. Since then, I have utilised them resourcefully to build up my arsenal of solid dividend payers. These include shares in Reits which give a consistent cashflow to my portfolio as well as similar dividend blue-chip grandmaster like Singtel, SPH, ST Eng and SIA Eng which give very decent yields. As my portfolio has grown over the last couple of years, I noticed the result is becoming more and more dependent upon the performance of the stock market. If the market does well, my portfolio would grow at a faster rate and if the market turns ...
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