Personal Finance
Earn 6,000 a month yet Broke at 35 years old
By Investment Moats  •  March 16, 2014

Earning decent salary doesn’t not guarantee you a decent networth. It takes much knowledge and  discipline as well.

Earn 6,000 a month yet Broke at 35 years old OB NH965 hifide G 20110331034549

It’s a slow Saturday and I found this article at AsiaOne which reposted an old article from Her World magazine.

[35 and flat broke | AsiaOne Business]

It talks about how well earning females in the age group 30 to 36 are struggling to have  a positive networth.

Clara*, 34, and her husband Dennis*, 36, both lawyers, have a combined salary of $17,000 a month.

So when they tied the knot three years ago, Clara assumed they could easily afford a big wedding in Bali and a nice condo.

They went ahead with these, but she now estimates that they’ll spend several years paying for their splurges.

“We spent $100,000 on our wedding, a six-figure sum on our condo in a prime district, and even more money renovating and outfitting it (Read more...)

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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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