One of the most common responses to saving $100,000 in your 20s (apart from “why so haolian?“) is something along the lines of.

“$100,000 is not a lot of money, it will be gone after you buy a house, have a wedding and do renovations.”

My own opinion is that a lot of people out there tend to be incredibly salty or bitter.

So they say sh*t like that to discourage you (more on that later).

To quickly address their point.

Yes, $100,000 (or even $200,000) is hardly enough to retire in Singapore.

Especially if you’re only 30 and you’re expecting to live till 90.

However, it all depends on how you use this first $100,000.

Whether it evaporates in a single day or becomes a strong foundation which you build the rest of your life on, depends on you.

Here are some scenarios to think about…