[Financial Sharing]Draw Your Investment Blueprint
Hi there, welcome to financial sharing organized by moomoo SG! First and foremost, we will go through with your investment blueprint creation.
Most of us expect to retire early and embrace the life we want.
To achieve this goal, we have to work hard to earn and set aside enough money before retiring.
However, it did not work out as expected, why?
Let's do the math. If you expect to live up to 90 with your retirement at 65, you will find yourself out of income in 25 years. Supposedly you need 500 SGD per month for cost of living, in total, you will need(500 x 12 x 25) = 150,000 SGD for your retirement.
Hold on! We did not take into consideration inflation or extra expenditures. Moreover, is it possible for ordinary people to save 150,000SGD or more when working? It is not mission impossible but never an easy task, and the soaring price should also be kept in mind.
For most of us, we will find it challenging to gain a huge amount of money: Take a peek at moonlight clan around us!
Hence, how can we retire early?
The answer is quite simple: work hard to earn, save, and make your money work for you.
Without a right way, however, it will be a tickler.
Let me explain it to you.
1. Save money is a hard nut to crack.
Most of the time, what makes us struggle is not the willingness to save, but the amount we need to save.
Once we graduate and start working, we are required to save up for different purposes: marriage, house, car, children's education, parent's pension, and travel which almost suffocates us.
Hence, money-saving could be tough without proper planning and strategies.
2. Return on investment is limited.
When it comes to accumulating retirement funds, investment will flow into most people's mind, however, the lack of financial knowledge may affect the potential long-term reward derived from investment.
To increase return, some people may gamble in the stock market and follow the herd without any investment knowledge.
In such case, blind investment will cost you money and slow the accumulation of wealth.
We'll be teaching you more knowledge about capital investment in the following courses, including how to pick up effective investment strategies, thus increasing return on investment and generating your passive income.
Today's course shows a comprehensive investment blueprint with the focus on its final goal. In the following courses, we will teach you ways to make your money work for you step-by-step.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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steady Pom pipi :
whqqq : I always feel that it is better to earn more money than to save money for retirement. Find more ways to make money, so that income is far greater than expenditure.