HOW TO GET TO YOUR FIRST $100,000 FAST! 💥 save up 100k by age30

WATCH IF YOU DON"T HAVE $100k NOW!
How to get to save up fast! Is it possible to reach 100k by age30?
It is really important because it helps with your mindset.
The first $100,000 helps you with your belief that you can get to $1m.
Compounding also needs time, hence, aim to reach $100,000 fast!

0:00 Introduction
1:00 Work ethic
2:36 Internship with a top employer if you are a student now
3:40 Be in a sales job
4:50 Sell something with a high margin
5:31 Have your money invested
7:03 Using financial leverage
8:14 Have a high savings rate

- Dogecoin to the moon!? Thoughts on DOGECOIN MILLIONAIRE
- Is cash useless?
- my millionaire morning routine!
- how to hit your financial goals!

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We do not make any recommendations on whether a security is a buy/sell as every investor has different investment goals and risk profiles. The presentation of ideas from Josh Tan and TheAstuteParent are strictly for education purposes. You are advised to perform independent research yourself or seek a qualified financial adviser. We will not be liable for any losses directly or indirectly from the material. Some of the referral links in the video summary are products and services personally used by Josh Tan and they may pay an affiliate commission or referral bonus. It is not an endorsement of the product unless explicitly stated and we will not be liable for any losses. The content in this video and any promotions mentioned is accurate as of the posting date.

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About Josh:
Josh holds a degree in Accounting from NTU.

In 2016, he co-founded the financial education website TheAstuteParent to provide detailed insurance plan analysis and financial planning tips to help you kickstart your journey towards financial freedom.

As a ChFC Charterholder, Josh has agreed to be bounded by the ChFC®/S Code of Ethics. This includes, among others, acting in a professional manner when it comes to conducting due diligence on primary and secondary sources of investment-related data, and articulating his investment opinions based on his research and beliefs. Based on his research and analysis, he highlighted his beliefs and opinions, and illustrated the concept of time value of money, as of the time of the video.

[HoneyMoneySG]

The first $100k is always the hardest because it is 100x from $1000 to $100, 000. And you may not have the skill/knowledge yet to build wealth.

The next $100k to $200k gets easier. Because it is only 2x from $100k-$200k. And you already have a system/skillset to help build wealth better.

[whis]

On work ethics, I always go to office early and complete my work even before the day ends and go back on the dot, I brought my own lunch from home and eat at my desk and never go for any tea or coffee breaks. You know what, bosses said those who came late and work until very late were "hardworking" whereas by going back on the dot give the bosses impression that I'm layback and uninterested in work, furthermore these "hardworking" worker took many tea, coffee or smoke breaks during the day and went for 2 hours lunch break. I already give up on these kind of bullshit and had left the working life 2 years ago. Now I earn my keep from investing in SGX and collecting dividends. Now I got more time to research about investing and it had helped me tremendously.

[gabriellim]

I got a 100k in various ETFs currently age 29. Tbh thought I would be happier but nothing changed hahas. #backtothegrind

[TedR]

Hi Josh, I always want to increase my saving rate. But the problem is my wife doesn’t want to

[wenah]

All my peers have at least $100K by 30. I think that the $100K should be revised upwards.

[gemball]

Is $100k an average savings that we should have in sg at the age of 30? 🤔

[duanloves]

Using sneaker flipping is a terrible example of making money. Rent seeking behaviour is terrible ethically and morally. But the principles in the person hustling is good. I just think it shouldn’t be used for advise. Someone hungry to make money can choose to make money quickly and screw others in the process.

[DonYang]

Well the issue with youths nowadays is that they spend for instant gratification. During our times, we just think of it but we dont spend, not until we have more than earned it. 😂😅

[zulhelmiroslan]

What trading platform can i use to earn 5 to 10% dividends?

[ChoseNTuber]

lol, 50% of all uni grad I know has 100k by 30 la... Not that difficult
Of course there are few that has 1m+, 2 of them has 2m+ (both oil traders). And I do know another one that is the secret labs founder, but lets keep all 3 of them out of the discussion.

100k a year, if you work as a government guy, at age 25 in 2015, starting pay was 3.8-4.2k for a 2nd upper nus, 16 months pay, that allows you to take back around 50k a year and save 25k a year isnt difficult. By 2020 ur 30 and you have 125k in your bank considering you didnt invest a single cent and you have no pay increases at all (which is impossible in gvt sector as a fresh grad). This is discounting CPF OA and SA.

If you work in a fortune 500 grad program in finance/tech sector. Your starting would be 5-8k and hit towards 10-12k by 30. There will be some payouts or stock options along the way. So yearly you would get smth like this (including value of stock options and vesting shares):
1st: 70-90k
2nd: 80-120k
3rd: 100-150k
4th: 120-200k
5th: 130-300k

Taking the lower number you get get 500k take home. Higher ones will be closer to 800-1m

For IB/trading:
1st: 125-150k
2nd: 150-200k
3rd: 300k-400k
4th: depends if u make the promotion/PNL, up to 600k
5th: depends if u make the promotion/PNL, up to 1m.

End of the day if ur a big spender that spends over 90% of what you make, 100k would be impossible, or like me, spending 5% of what I make, then even 1m seems realistic by 30 years old..

[DonYang]

Or just keep buying Tesla regardless and cross your fingers...😂🤣...ooops