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Why Saving $100,000 Before 30 Matters
By My 15 Hour Work Week  •  March 2, 2021
The first time I was exposed to the $100k challenge was about 15 years ago, when I was a freshman in NUS. I started reading Christopher Ng’s Growing Your Tree Of Prosperity and I was mind-blown as a 20 year old. Christopher advocated Singaporeans to save up $100,000 to better prepare for the new world. Assuming a 6% yield, this would allow one to have an average passive income of $500 a month, offering a basic protection against unemployment. Wise words indeed. But this movement only took on momentum of its own about 7 years ago when Jonathan Kwok wrote an article published on Straits Times, the national newspaper. It illustrated how an average 30 year old could amass $100,000 before turning 30. And it inspired a host of Singapore financial writers/bloggers to achieve a 6 digit milestone before hitting the BIG 3. Some notable ones that I have read include accounts from BudgetBabeJeraldine Phneah and Ruiming. One of the latest I have seen is a YouTube version from Miss FITFI....
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By My 15 Hour Work Week
Hi, I am Thomas (a.k.a. Mr 15HWW) and I am in my early thirties. Very happily married (very strong emphasis here), I am the co-writer behind this blog. The other permanent writer is my wife Jasmine who has written two blog post so far (good luck searching for it here). But well, her contribution goes far and deep since she thinks she is actually the mastermind behind the rest of the other post ...
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