Financial security in Singapore plain and simple.

By A Singaporean Stockmarket Investor (ASSI) • July 9, 2017

Reader: I found your blog over the past week, and I have been looking your posts when I have the time. I don’t want to be a slave to my job when I am in my late 40s or 50s. I know that being an average salaried employee, it is quite difficult to ever be financially free. Some facts about me:

Working since 2013, earning $5.7k a month
Save about $900/month in cash
Invest $300/month in STI ETF (I read blogs for beginner investors that said STI ETF as a low risk, simple, long term investment that seemed to be ideal for young investors without much capital)

I have just bought a 3 room BTO for my mom and myself. Hence, I have emptied out my OA for house payment and spent my cash savings for renovation. In a way, I am starting over from scratch again, with $0 in CPF OA and very little in cash savings......