I don't think I will even reach 6 digits. Don't even say 1M. For me , I will focus more on saving and spending on necessary or basic living stuff. ( Since I have a kid, I will prioritize on the family and save as much as I can for them) I do invest some of my saving in the stock market (even though it is deep red) I believe one day I will achieve my target of 6 digits. Everyone have their own goal and timing. As for me, I won't rush for it. Just let it grow naturally. As long as I can cover my family expenses and have extra savings, I am a happy man. Most of my friend bank account is empty every month without any savings.
What Brings You More Happiness: Saving or Spending?
An 80-year-old man who lives in one such rental flat leads a frugal lifestyle. Yet, unbeknownst to many, his personal savings amount to a staggering SGD $1 million!
Perhaps saving money has become a source of joy in his life. Rather than using his savings to improve his living conditions, he finds greater satisfaction in the sense of security brought by a substantial bank balance.
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Which spending and saving philosophy resonates with you more?
Do you have strict saving plans like the 80-year-old man?
When will or when did you achieve SGD 1 million savings?
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