Here's how I used a Regular Savings Plan (RSP) to grow my wealth to S$100,000 when I was 30.
This post was created in partnership with Nikko Asset Management Asia Limited. All views and opinions expressed in this article are Beansprout's objective and professional opinions.
I hit $100,000 in savings when I was 30.
Before I get into how I did it, I’ll caveat that luck did play a part – I started my working life with minimal obligations and no student debt. But luck played only a minor role.
Beyond luck, getting to my first $100k took discipline and effort, and it all started with making savvy choices with my first paycheck.
When I first started earning, it was clear that I had a new set of financial decisions to make. Where do I put my money to grow it? How much should I set aside for my future?...