Travel. Buy a house. Invest in stocks. Save for retirement. There are many things you can do with your money, but are you doing the right things with it?
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At what age does one become financially independent?
For many of us, the answer lies somewhere in our mid to late twenties after we start work, or at the very latest, in our early thirties. As we progress through the four stages of life, it seems only natural that we should become more financially secure as we mature in our professional as well as personal lives.
Sadly, however, that isn’t always the case here in Singapore. I’ve seen many peers fritter away more than half of their hard-earned salary every month, just because they no longer have to answer to their parents on how they’re spending their money. I’ve also seen many singles past the age of 30 who ......