Quote:
Originally Posted by Mvpscott
This is a good thread. I'm just 21yo, just ventured into GL less than 6 months ago, but seemed to be booked on already, financial wise I'd say definitely not stable yet. What I feel like now is I'm actually working to earn money to support my sexual needs from GL..
Looking at the amount of PRCs going back soon as economy rises in china which is why I wanna Cheong as much as possible before PRC era ends like Msia do.
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What i think is better to start investing yourself in educational capital ( learning a language, acquiring a new skill, in study, mastering your tools etc) than having some sort of lifestyle yet especially when you only the age of 21. *^-^*
Quote:
Originally Posted by Nato17
I like your view of paying yourself first. Good habit.
Spending 4k out of 10k on a hobby is quite distareous if you are just starting out. Housing should not take up more than 1/3 of your pay and transport should not take up 20% of your income. With that you should do fine. 4k is a bit too much in my opinion.  |
Correct. That's after you work for a certain period and stablised your cashflow into separate accounts, one for expenses, the other for investment where you put both in liquid assets (markets, real estate, metals, etc).
Eventually, with some luck and a lot of hard (and smart) work, you will be earning enough that you won't have to work for money, when you had enough additional wealth spinning in the investments you use it can fund lifestyle / hobbies / expenses such as cat150 or other further investments / business.
The situation will need to improve after all your expenses.
Quote:
Originally Posted by kennethquek
I try to set aside 1k every month. Tight months probably 800. Plus minus so far still manage to sustain twice a week activities. Initial plan to cut down and change car failed miserably. Since coe not going south, I probably transfer resources over to my cca.
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Indugling in CAT 150 can be a highly expensive hobby / lifestyle. Most jobs out there can support a simple lifestyle, earn enough for the house, food, school etc. But if you going every week several times a week, it does affect you in some ways especially it may hurt your pockets. Keep as close to a perfect credit score as you can if you need to maintain this hobby.
