Some have asked how I had accumulated $200,000 at a young age. Below were some steps I took. Save a significant portion of salary Don’t live a paycheck to paycheck lifestyle, save a portion of your salary for investments and future consumption.   Don’t put too much Money in Bank accounts and FD I hate putting a lot of money in saving accounts because the interest rates of these accounts are very low. The only advantage saving accounts have is the liquidity it provides. I suggest to place approximately $10,000 in these saving accounts unless a major expense is coming. This is because $10,000 equates to approximately 3 months expenses incurred by ordinary Singaporeans. The rest of the money should be placed in Singapore Saving Bonds (SSB) or stocks. This is because the SSB provides a higher interest during the initial years and this interest becomes higher if you keep it ......