In the past, talking about money was generally frowned upon. I’m happy to see that there has been a significant increase in financial bloggers and youtubers that discuss personal finance in the recent years. Today, I would like to discuss how much a person’s net worth should be at ages 20, 30, and 40. This is a general guideline that anybody may use if they are trying to pursue financial independence, but it’s by no means an absolute rule.
Median Salary In Singapore By Age Group
According to MOM, the median gross monthly income from work (excluding employer CPF) is $4,500 for full-time employed residents. Moreover, this figure includes employee CPF and is what most of us see as our gross monthly salary. Furthermore it includes our employer CPF contributions, the nominal median income of full-time employed residents grew by 8.3% from $4,680 in 2021 to $5,070 in 2022....