"Accumulating your initial $100k poses the greatest challenge, while surpassing that milestone to reach $1M and beyond becomes easier." That is especially hard to agree with. When I started out on my first job, I was single and had no burdens. That was back in 2001. Being a navigator doesn't make things any worse. I didn't have much chance to spend my salary when I'm spending most of my time onboard vessels. After giving to my parents and for my own expenses, I saved at least 60% or more every month. I started investing in 2007. When I ended my 10 year contract in 2011, I was given a 10 months bonus. With that, I easily hit the 100k mark. Fast forwards to 12 years later. I'm married, owns a HDB and with 3 kids in tow. With all these commitments, I'm barely pulling through and only managin

Happened to read on Charlie munger this weekend, then decided to just pen my thoughts down With regards to my journey to 100k. I always believed in paying urself first. Hence once pay comes in, fixed % goes into savings and investment. Then the rest goes into expense and spending.  I thought back about my journey to 100k. Thinking back, it wasn't easy. I blew up my trading account once, setting back 30k.  Then i chose wrong partner to get married to, lost my property deposit and I ended up in debt, as i took the majority of the loss. This damage wiped out my savings of 3 years and also dragged my future savings.  I also lost the deposit on the wedding catering, I ended up having To pay someone to takeover my package, yet another 20k gone.  Then I bought my 1st car Cos o

$Nasdaq100 Bull 3X ETF(TQQQ)$  

Similar to many of you, I can't really recall when I achieved my first 100k. It was probably through normal salary and savings. The challenging part is definitely the first #1MIL!! When I say first 1 mil, it is definitely Investable cash and not including assets. Still working towards it and staying hopeful :)[Miser]  Am currently 75% vested, of which 1/4 in bonds and 3/4 in equities. Current annual return ~5%. main reason why it couldn't go higher was due to many underwater HK counters. Although these are companies doing very well, the overall market sentiments is just not so high in the HK market. Lesson learned? Yeah, probably just go with the wave and vest more in US blue chips. S&P is definitely worth getting into for stable long term returns. As we become more mature an

Replying to @DiAngel:Thereafter, i started investing. Not a trader [Happy]. Trying to build a passive income from SG market. This year dividends has surpressed last year’s dividends. Not forgtting capital gains too. Others kept condemning SG market is a snail. To each its own - what work for me might not work for u//@DiAngel:I cant remember when i achieved that, but all i could recall was i had a regional job. Thus, i saved all my salary (min ~80%) as all expenses were paid by company. The travelling was so intensive that i lost track of my travelling schedule when one day, my parents asked me if i need to travel this weekend. I paused for a while before i could answer that questio

100K was my goal right now, although I am not young anymore [LOL]. Most of my friends have already achieved that and some even 1M. I am still in deep red in my investment, but I believe that if you set a goal for yourself, it is better than not doing anything. I might be the slowest to earn my 100k, but I believe I can do it my way. Money always will not be enough for anyone. Once you hit 100k, 1M will be your next target because human's desire is endless. I prefer work-life balanced, spending time with family, and doing some small business that may work out for me as my retirement plan. Money is important, but health is more important. I wish all the tigers could earn as much as they need, do what they want, and spend more time with their family and friends. Life is a journey and not abou

Thanks for the topic. Sadly that I haven't even achieve my first 100k SGD. [Cry] [Cry] [Cry] Hopefully I can achieve that in next 5 years, as my target. There are a lot of people who actually achieve financial freedom in life, which will be my life target to persue without doubt. Personally, I think the investment approach will be different after reaching 100k or 1million. You are unable to focus on the high risk high return investments. Instead, you will focus more on the high return but low risk investment, that provides stability throughout the journey. The annual return of S&P or Nasdaq might be sufficient for retirement with 1M if the annual inflation rate is lower than this gain. How do you think? @rL

I cant remember when i achieved that, but all i could recall was i had a regional job. Thus, i saved all my salary (min ~80%) as all expenses were paid by company. The travelling was so intensive that i lost track of my travelling schedule when one day, my parents asked me if i need to travel this weekend. I paused for a while before i could answer that question. [Shy] I was also given a strange look [Doubt]when i was at changi airport departing to Germany. You see i had just arrived back from shanghai at 8pm last night n now 10pm i m back to airport. I jokingly told the officer - . his eyes are not playing trick with him - indeed i was last at the airport last night.

First $100k can be earned through salary and savings, as well as side hustles. No special efforts or talents required. For the first $100k, I recommend a safe approach - i.e. put into fixed return financial products like fixed deposits or guaranteed return endowment plans, or stable shares like $Vanguard S&P 500 ETF(VOO)$ . DO NOT risk your precious first $100k in highly volatile shares like $Tiger Brokers(TIGR)$ or meme stocks like $AMC Entertainment(AMC)$ $GameStop(GME)$ , unless you have couple of $100k to speculate with.

As a retail trader, I haven’t had the capital to invest in order to make my first 100K yet (I’m still learning). I think you’d want 15% on 1-3 million cash, in Australia (not including your superannuation or other assets). With the cost of living getting higher, I would want at least that & diversify some of it in at least a few strong long term ETF’s. I think most everyday investors are hoping a good percentage of their stocks make them a good return just to live comfortably and happily?

Typical Asians when they arrive at their first 100k and never stop going or stopping. That's the problem, how much is enough when they get greedy. Making money is infinite. When you get there, then money is just figures just like how the rich look at it. It all changes when the perspectives change too.

Honestly reachinf first 100K is quite a smooth journey for me. Started to work part time since the age of 14 and never look back. It's not how much one make that matters but rather how much one can save. Wise teaching indeed. From 100K it went up to 200K and on and on.  

well, I still figure out how to reach $1M for now. I achieved my first $100k through the combination of  salary, investment and pension plan.

need 10 to 15% annual returns from both Nasdaq and S&P with more than 1M, preferably 2M to have financial freedom in Singapore.

i wish I can reach the milestone in 5 years [Miser] [LOL]

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