To The Moon

$Tiger Brokers(TIGR)$ 

[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 months of expenses. If you don't know your expenses, then you need to track ALL of your expenses.[Great]  

[Simple bowl of multiple ingredients]

Once life becomes more complex, or once your earning power becomes elevated, you can consider increasing your saving amount to above 10% ~ 20% of take home salary. Additionally, you might have an investment bucket, with a full emergency bucket, CPF bucket, family bucket, fun bucket, etc. You get it. At this stage, you should have levelled up by another decimal point.[Grin]  

[Multiple dishes]

At this level, you should be investing at multiple vehicles, and getting passive income. Saving or paying yourself first becomes second nature. 20% savings is easy peasy and you look at passive income or investment growth instead. Life becomes more beautiful and you will aim for another high level.[Cool]  

[BF way]

Well I save >10% each month on top of investing >10% regularly in unit trusts or ETFs. My passive income stream is building up slowly but surely. On top of that, I invest in my own education. 

What about you? 

How much do you save or invest monthly?[Happy]  

@CaptainTiger @MillionaireTiger @TigerStars 

@daz88888888 @LMSunshine @melson @Bonta @GoodLife99 @SirBahamut