How Much Savings Is Good Enough At Age34? | Financial Planning Mother Of Two Who Is Waiting For BTO
Published at : June 08, 2022
This case is for someone at age34 and has family combined income $110k. Her current personal bank account is around $10k to $20k and has some investments into stocks from joint account managed by husband. They will be collecting BTO soon and they have a young kid and expecting a second soon.
******
✅ WANT TO HAVE YOUR QUESTIONS ANSWERED? Drop a voice mail bag to JOSH here =) https://www.theastuteparent.com/the-josh-tan-show/
👏 Catch this episode on SPOTIFY
https://open.spotify.com/show/7Hdw7jmi6vLvTt7IQP9Bn3
👏 INSTAGRAM: https://www.instagram.com/joshconsultancy/
👏 TIKTOK: https://www.tiktok.com/@joshconsultancy
👏 Looking to be a sponsor? Email to joshtantap@gmail.com
******
0:00 Introduction
0:47 Case notes
How to understand insurance coverage needed
Why 15% saved up is concerning.
Habits that impact how much is saved
5:09 How to and why need to stretch every dollar
With second kid, expenses will rise further
6:32 Fixed deposits approach?
It signals a scarcity mindset.
The savings can be in Singapore Savings bond, cpf or repaying off loan
8:39 Stock investing
Investing into S&P 500 or STI etf
11:26 How to approach "how much is good enough"
#saving #savingmoney #sgmoney
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 channel 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.
*******
___________________________________________________________________________________
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.
🤝 To learn more on financial planning and insurance concepts, visit https://theastuteparent.com 🤝
🤝 Engage JOSH TAN on a FEE to build towards for your retirement, achieve your breakthrough TODAY: https://www.theastuteparent.com/josh-tan 🤝
******
✅ WANT TO HAVE YOUR QUESTIONS ANSWERED? Drop a voice mail bag to JOSH here =) https://www.theastuteparent.com/the-josh-tan-show/
👏 Catch this episode on SPOTIFY
https://open.spotify.com/show/7Hdw7jmi6vLvTt7IQP9Bn3
👏 INSTAGRAM: https://www.instagram.com/joshconsultancy/
👏 TIKTOK: https://www.tiktok.com/@joshconsultancy
👏 Looking to be a sponsor? Email to joshtantap@gmail.com
******
0:00 Introduction
0:47 Case notes
How to understand insurance coverage needed
Why 15% saved up is concerning.
Habits that impact how much is saved
5:09 How to and why need to stretch every dollar
With second kid, expenses will rise further
6:32 Fixed deposits approach?
It signals a scarcity mindset.
The savings can be in Singapore Savings bond, cpf or repaying off loan
8:39 Stock investing
Investing into S&P 500 or STI etf
11:26 How to approach "how much is good enough"
#saving #savingmoney #sgmoney
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 channel 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.
*******
___________________________________________________________________________________
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.
🤝 To learn more on financial planning and insurance concepts, visit https://theastuteparent.com 🤝
🤝 Engage JOSH TAN on a FEE to build towards for your retirement, achieve your breakthrough TODAY: https://www.theastuteparent.com/josh-tan 🤝
the josh tan showhow much to savehow much to save by age