To The Moon

🟩🟩 Welcome to "The Investing Iguana", your guide to Singapore's financial landscape, as we unpack what it means to be a financially sound 30-year-old in Singapore in our latest video: "Are You Richer than the Average 30 Year Old Singaporean? Find Out Now!"

🟩 Are you navigating your thirties and curious about how your net worth stacks up against your peers? Ever pondered what the term 'net worth' truly encapsulates? Well, fret not! In this engaging video, we will demystify the concept of net worth, explaining it in straightforward terms, revealing its importance, and how it measures your financial health.

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• 0:00 - Introduction to 'The Investing Iguana'

• 0:20 - Today's topic: Net worth of a 30-year-old Singaporean

• 0:40 - Defining net worth

• 1:05 - Importance of net worth

• 1:40 - Comparing net worth with others in Singapore

• 2:15 - Average net worth in Singapore

• 2:45 - Estimating a 30-year-old's net worth (income-based)

• 3:20 - Estimating a 30-year-old's net worth (assets & liabilities)

• 4:10 - How your individual circumstances affect net worth

• 4:45 - Your feelings about your net worth

• 5:10 - Tips to improve your net worth: Save more

• 5:30 - Tips to improve your net worth: Invest more

• 5:50 - Tips to improve your net worth: Pay off debts

• 6:10 - Tips to improve your net worth: Increase income

• 6:40 - Wrapping up: Your net worth can change

• 7:00 - Conclusion: Hit 'Like', subscribe to 'The Investing Iguana'

• 7:30 - Teaser for future finance savvy content

• 7:45 - Sign off: Keep learning, grow together, see you next video!

0:00 - Introduction to 'The Investing Iguana' 0:20 - Today's topic: Net worth of a 30-year-old Singaporean 0:40 - Defining net worth 1:05 - Importance of net worth 1:40 - Comparing net worth with others in Singapore 2:15 - Average net worth in Singapore 2:45 - Estimating a 30-year-old's net worth (income-based) 3:20 - Estimating a 30-year-old's net worth (assets & liabilities) 4:10 - How your individual circumstances affect net worth 4:45 - Your feelings about your net worth 5:10 - Tips to improve your net worth: Save more 5:30 - Tips to improve your net worth: Invest more 5:50 - Tips to improve your net worth: Pay off debts 6:10 - Tips to improve your net worth: Increase income 6:40 - Wrapping up: Your net worth can change 7:00 - Conclusion: Hit 'Like', subscribe to 'The Investing Iguana' 7:30 - Teaser for future finance savvy content 7:45 - Sign off: Keep learning, grow together, see you next video!

🟩 With insights from authoritative reports like the Credit Suisse Research Institute's Global Wealth Report, we offer a glimpse into the financial standing of the average Singaporean adult. Dive into statistics, from average mean to median net worth, and understand how they influence your financial planning. We'll delve into how wealth distribution impacts these numbers, helping you better understand where you stand on the economic ladder.

🟩 But this video is not just about numbers and figures! It's a personal journey for the average 30-year-old navigating through income, savings, assets, and liabilities. Using the Ministry of Manpower's data on income, and expert-recommended savings rates, we provide an estimate of potential savings by the time you hit 30.

🟩 We further estimate a 30-year-old's net worth by examining assets and liabilities, offering a clear picture of financial reality. By referencing studies, including one by the New Academy of Finance, we draw comparisons and highlight the influence of debts on net worth.

🟩 Our goal is to not just inform but also inspire you to take charge of your financial health. Whether you earn a high income or just started on your financial journey, this video offers insights that will help you understand and evaluate your financial standing.

🟩 This video is more than just a fact-finding journey; it's a critical self-reflection tool that aids you in understanding your finances and shaping your future wealth. So buckle up and join us as we unravel the financial tapestry of an average 30-year-old Singaporean!

🟩 Remember, it's not about comparing yourself with others but understanding your personal financial journey and making the best of it. Subscribe to "The Investing Iguana" and join our community as we continue to explore exciting financial topics and offer practical tips for savvy financial planning. Enjoy the video and happy investing!

🔔 Make sure to SUBSCRIBE and turn on notifications, so you never miss any of our videos: https://www.youtube.com/@InvestingIguana?sub_confirmation=1

"Investing is a long-term game. Be patient, disciplined, and informed." - The Investing Iguana

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🟥 Remember, always conduct your own research and consult a financial advisor before making any investment decisions. Happy investing, and see you in the next episode