Happy to see CK come back…. Agreed with him, i am also a bit relax after being frugal for so many years. I need to enjoy, share and use the fund to create great memories with family
CK is rite .no point stress comparing your own savings to others and tries hard to plan and save real hard......just relax n enjoy abit .....anything can happpen......
This is highly unrealistic if there is no windfall. Simple Calculation: Age 16-26 Male: you are earning 10-20$/hour on part time. Its impossible you are holding a FT job due to studies. Take into consideration NS pay, even if elite position. Your portfolio at age of 26 will be in the range of $55K if you are saving 50% of salary Age 26-33: You need to invest addtional $110K every year (assuming 7% return per year) You need to be doing both of the above to get $1M net worth. No one at the age of 26 is investing $110K a year, most people do not even earn close to $110K a year, let alone investing that amount. Even if i double your income between age 16-26, the impact is so small it doesnt make a dent. I want to believe this is possible, but without clear datapoints (income at each stage being the biggest one), this is hard to believe for anyone who do a simple calculation.
Absolutely realistic lol. Your numbers are based on the average. Clearly there are not-so-average people out there. And I don't mean the extreme minority.
@@Xuan-s6r The world operates in generality, if i don't use an average number, there is no discussion to be had. Obviously there are outliers - there are billionares below the age of 20. Which is why i state this is highly unrealistic, not impossible.
@@Xuan-s6r He started his RUclips journey in 2021, that led him to starting his own business in 2023. Until 2021, he is in corporate earning $6K a month (he said it in a previous video). So tell me, is doing part-time tuition before FT employment and earning $6K a month a not-so-average person? math it out for me how you can achieve $1M with these data points. I'm happy to be proven wrong.
The whole idea of someone hitting 1M at 35 y/o is that it is supposed to be difficult, not for the average joe. At the 26 y/o mark should be at 125-175k mark rather than 55k like u mentioned. I started working early after poly and was able to save 2k+ monthly from main income + side hustle as well. Renting my HDB rooms got me to 350k NW by 29 (incl. CPF but not my HDB). A slow grind up is possible but need luck in investing as well. I don't expect 1M NW by 35 but mostly likely able to hit after cashing out of the property. It's a realistic goal for Singaporeans.
Having a gf is eating away at CK’s willpower 😂 I think whichever journey we take, most impt is having fun, gaining experience, learning, enjoying the process. The moment u feel the fatigue and stress means u need to move on to something else.
Kelvin, if there is no one buying labubu, why would pop mart shares gain 300% YTD? It should be anyone should do what they want, and yourself will do what you deem fit.
Seriously quite scary from a security and privacy point of view by letting the whole world knows about your net worth 😅. Although I understand his rationale of doing that due to the nature of his work.
His commitment levels low. I got 2 properties, 2 cars fully paid, kid to support. I got 700k net worth excluding properties. Must work life balance mah. If I no life, maybe I better lor
Don't have to benchmark to other people and run your own race as we all have our own struggles. Also avoid comparison with others (I know it's hard) or trying to one-up someone. Lastly, people will want you to do well (but not better than them). Avoid all these drama nor try to seek validation, it's all pointless P.S. I'm confident for Chi Keng to hit $1M much earlier with his financial literacy and maturity for his age!
Happy to see CK come back…. Agreed with him, i am also a bit relax after being frugal for so many years. I need to enjoy, share and use the fund to create great memories with family
CK is rite .no point stress comparing your own savings to others and tries hard to plan and save real hard......just relax n enjoy abit .....anything can happpen......
This is highly unrealistic if there is no windfall. Simple Calculation:
Age 16-26 Male: you are earning 10-20$/hour on part time. Its impossible you are holding a FT job due to studies. Take into consideration NS pay, even if elite position. Your portfolio at age of 26 will be in the range of $55K if you are saving 50% of salary
Age 26-33: You need to invest addtional $110K every year (assuming 7% return per year)
You need to be doing both of the above to get $1M net worth. No one at the age of 26 is investing $110K a year, most people do not even earn close to $110K a year, let alone investing that amount. Even if i double your income between age 16-26, the impact is so small it doesnt make a dent.
I want to believe this is possible, but without clear datapoints (income at each stage being the biggest one), this is hard to believe for anyone who do a simple calculation.
Absolutely realistic lol. Your numbers are based on the average. Clearly there are not-so-average people out there. And I don't mean the extreme minority.
@@Xuan-s6r The world operates in generality, if i don't use an average number, there is no discussion to be had. Obviously there are outliers - there are billionares below the age of 20. Which is why i state this is highly unrealistic, not impossible.
@@Xuan-s6r He started his RUclips journey in 2021, that led him to starting his own business in 2023. Until 2021, he is in corporate earning $6K a month (he said it in a previous video). So tell me, is doing part-time tuition before FT employment and earning $6K a month a not-so-average person? math it out for me how you can achieve $1M with these data points. I'm happy to be proven wrong.
The whole idea of someone hitting 1M at 35 y/o is that it is supposed to be difficult, not for the average joe. At the 26 y/o mark should be at 125-175k mark rather than 55k like u mentioned.
I started working early after poly and was able to save 2k+ monthly from main income + side hustle as well. Renting my HDB rooms got me to 350k NW by 29 (incl. CPF but not my HDB).
A slow grind up is possible but need luck in investing as well. I don't expect 1M NW by 35 but mostly likely able to hit after cashing out of the property. It's a realistic goal for Singaporeans.
Having a gf is eating away at CK’s willpower 😂
I think whichever journey we take, most impt is having fun, gaining experience, learning, enjoying the process. The moment u feel the fatigue and stress means u need to move on to something else.
Kelvin, if there is no one buying labubu, why would pop mart shares gain 300% YTD? It should be anyone should do what they want, and yourself will do what you deem fit.
Seriously quite scary from a security and privacy point of view by letting the whole world knows about your net worth 😅. Although I understand his rationale of doing that due to the nature of his work.
yes its important to live life.....
Can discuss about leveraged etf like ndxl, spyu, 2brk etc?
No wonder GenZ is expecting 200k salaries, too much social media
Why yall por each other so jialat
His commitment levels low. I got 2 properties, 2 cars fully paid, kid to support. I got 700k net worth excluding properties. Must work life balance mah. If I no life, maybe I better lor
2025 Very High Unemployment America Britain China Europe India Japan WFH Sent Out 400 Resume Without Reply 😭
Don't have to benchmark to other people and run your own race as we all have our own struggles.
Also avoid comparison with others (I know it's hard) or trying to one-up someone.
Lastly, people will want you to do well (but not better than them). Avoid all these drama nor try to seek validation, it's all pointless
P.S. I'm confident for Chi Keng to hit $1M much earlier with his financial literacy and maturity for his age!