Why is your first $100K so important?

Nothing beats the feeling of having a six-figure sum in your bank account for a start (you can work towards a seven-figure one from there).

Here are 3 good reasons: Practical: This is around 1/4 of what you need for any Singaporean financial life of around $422k (HDB, Marriage, Renovation, First Kid etc.) This also gives you your emergency funds buffer Motivational: This gives you a target to work towards thus more motivation to move beyond $100K Habitual: Your lifestyle and habits would have been tilted towards a more financially savvy one. This includes higher saving rates, better budgeting strategies or regular investment set up

TL;DR: Your strategy to reach your first $100K Understand your Timeframe: If you know what time period are aiming towards (eg. 5 years, 4 years or 3 years) and subsequently which financial products you need Understand Risk and Return: DIY...