Financial Independence, Retire Early (FIRE) has become a popular goal for many seeking freedom from the traditional 9-to-5 grind. However, recent data suggests that achieving financial independence isn't just about saving aggressively—it's also about navigating financial risks wisely. In the first half of 2024, applications for bankruptcy in Singapore surged by 25%, with 2,334 people filing for bankruptcy and 594 individuals being declared bankrupt, an 11% increase from the previous year. This sharp rise highlights the importance of careful financial planning, particularly when aspiring to achieve FIRE. The consequences of bankruptcy can be severe, including job loss and restricted opportunities, making it crucial to avoid such pitfalls. Bankruptcy should always be a last resort, particula

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👳🏾‍♀️ My GURU, a financial planner’s advice is to allocate 5% of my monthly income to trading. That literally is money i put aside for savings after i spent on essential expenses such as housing, food, transportation, health care, allowances for my loved ones, entertainment and short-term savings. I do not have big budget to trade so i have to do my due diligence before every trade. I have been able to grow this money to hedge against inflation so believe in him. Thanks @Tiger_comments [Happy]

Budget allocation is one of the most important decisions that any investor have to decide at the beginning of the investment journey.  Reason being, without proper allocation of funds, there will be funds for investment. Without funds for investment, how can the investment journey even begin.  I have seen and know of many who profess that they want to learn/start investing. However, after a while they all faded out. A common trend is that, they find it too "difficult". Learning is tough and cutting down on their expenditures, is equally tough. They are used to owning big cars, frequent traveling, owning luxury Watches and bags, going fine dining and comparing with the jones.  Without a set plan to allocate a fixed % monthly for investment, more likely than not, the

$Tiger Brokers(TIGR)$ auto investment $Bilibili Inc.(BILI)$  $NVIDIA Corp(NVDA)$   $Tesla Motors(TSLA)$   @koolgal  @Tiger V  @Henry trade  @CoolCashClips  @Barcode  

$Tiger Brokers(TIGR)$  i bought tiger share at $3.48. Now the share price is $4.38.

$Tiger Brokers(TIGR)$ I have a budget spreadsheet that tells me how much money I need for necessities and other expenses, along with an allocated fund for investing and savings, majority goes to investing as this is the best way to hedge against inflation

$Tiger Brokers(TIGR)$ still a work in progress because my hours have been shorted quite a bit recently but as long as I get a minimum of 450 a month deposited into tigar trade that's what help me

$Tiger Brokers(TIGR)$  Dollar-Cost Averaging into Dividends While We Wait: A Measured Approach They say penny-pinching investors transform into big spenders when it comes to the stock market. Maybe there's some truth to that! But hey, who can blame us? The allure of building wealth can be intoxicating. While some go all-in, I'm taking a more measured approach. Think of it as a delicious, slow-roasted investment strategy. Here's the recipe: 20% Allocation: Every month, I dedicate a healthy 20% of my income to stock market investments. This consistency, known as dollar-cost averaging, helps me avoid the perils of market timing. Focus on Dividends: My portfolio leans heavily on dividend-paying stocks like

$Tiger Brokers(TIGR)$  

$Tiger Brokers(TIGR)$ spend 25%, invest 50% and put 25% into liquid cash

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$Tiger Brokers(TIGR)$   As an investor, careful planning and disciplined budgeting are crucial to achieving my financial goals. Here's how I allocate my monthly budget to ensure a balanced and diversified investment portfolio. Assessing Income and Expenses First, I start with a thorough assessment of my income and essential expenses. My goal is to determine how much disposable income I have each month. This involves listing all sources of income and subtracting fixed expenses like rent, utilities, groceries, and insurance. Setting Investment Goals I then set clear investment goals. These goals vary from short-term objectives like saving for a vacation to long-term aspirations such as retirement planning. Defining these goals helps me decide t

$Tiger Brokers(TIGR)$ minimum 20% on investment and wealth growing. Clear all credit card balance, set aside budget on all your bills

Buy buy buy  QQQ.......

【Voting Post】$Tiger Brokers(TIGR)$  [How to allocate?] Well this must be an important question for many people including myself. So I'd like to share my humble few cents opinion. [Simple dish] Like a bowl of plain porriage, in my early years, I aimed to achieve the simple golden rule. That was, no matter how bad your situation is, attempt to allocate 10% of your nett monthly income. Yes, if you need to eat more plain porriage, or Cai png, you need to. Cos paying yourself fundamentally is so important. Only after self allocation of 10%, do you then allocate the rest into your needs bucket (food, water, lodging, etc) and then the wants bucket. Of course, that is also assuming that you emergency bucket is full. If not, please fill that up to at least 6 month

$Tiger Brokers(TIGR)$   No allocation. Be conservative n stay thrify. Keep track mentally a rough estimate and just spend within salary limit. Make sure some saving at end of the month.

$Tiger Brokers(TIGR)$