Savings in 40s

[pohw0008]

Single confirm can if prudent.. family with 2 kids quite difficult to save but still possible..

 

[MizunoVolley]

No lah is 5 million then common, you too lousy lah

 

[mastermember]

Need to have more than that. Saving for kids. Wife and retirement.

 

[Spike]

Me no have..

 

[sseasea]

In a humble brag thread

 

[1982-1994]

It is not about how much you have
But how many highs you have

 

[Bui Kia]

May I know those in 40s have minimum $500k savings? Common?

I am over 50+ ....i think $50 saving also a problem

 

[Lchlch]

to be honest, the next gen to have $500k is almost impossible especially they couple needs to pay housing bto loans and raise kids.

 

[McGraw]

there is no fix number

 

[HumJiBeng]

to be honest, the next gen to have $500k is almost impossible especially they couple needs to pay housing bto loans and raise kids.

I fully disagree. Next gen.

Previous gen has problem putting food on table.

It is only current and next gen got the extra $ for investment.

Plus nowadays democratization of investment. Last time stock is only for the rich. Now even average Joe can invest in stock

 

[Mountainnodew]

If the single no need to pay off study loans, no need support parents, no home loans, no car loans, no liability, no huge medical bills and have a well paid job since graduated from uni. Also thrifty and low maintenance.

 

[Cowbellc]

Every edmwers 20k pm, even more
500k is sup sup water

 

[bombshell]

BBFAs got $500k savings but stay with parents, no house kym?

 

[Krabs.]

BBFA having this amount is pointless and boring because no ATB to dote on .....

 

[articland05]

my savings depends on pap CDC and USave

 

[fade_white]

I am 43, don’t have 500k

keep so much cash for what? Invest lah.

 

[Thoreldan]

May I know those in 40s have minimum $500k savings? Common?

500k in savings ? You're losing money to inflation man.

Deploy them to appreciating assets.

 

[white_prince]

to be honest, the next gen to have $500k is almost impossible especially they couple needs to pay housing bto loans and raise kids.

But their starting pay after graduating is already over $10K for the next gen… its possible that they can save over $2M at age 40

 

[Krabs.]

But their starting pay after graduating is already over $10K for the next gen… its possible that they can save over $2M at age 40

AI is learning at faster pace than human babies or student

 

[junhoo]

May I know those in 40s have minimum $500k savings? Common?

500k savings not common

500k netwoth yes common.