DOUBLE YOUR MONEY! 👊👊 GROW YOUR MONEY FAST!

[@samuelnichelson4759]

Works for me,

[@DonYang73]

1. Start young (have a dynamic realistic plan) 2. Manage your spending aka save well 3. Be financially literate aka acquire the skill to make investments 4. Take calculated risks but not shortcuts 5. Do not borrow to expense 6. Be adequately insured but do not over insure 7. Use your CPF wisely and repay it quickly 8. Always have bullets (always have a decent cash reserve or your game is over when your game is over) 9. Do not just listen and follow, understand and make sense. 10. Keep healthy physically and mentally Godspeed

[@joshconsultancy]

Great sharing DY, esp 8

[@thayroyston120]

Was it too late to do the investment after age 60?

[@joshconsultancy]

If all the while didnt invest into assets like equities and properties, it may be difficult to change mindset. WHat are your thoughts?

[@yongqingyang9557]

Hey Josh, Im just wondering, how can you archive a 7% p.a return with the current economy situation? Anyhow, thank you for the videos, they are informative and helps me alot.

[@joshconsultancy]

Hi Yong Qing, this is the portion to note "current economy situation" - look past it =) Hope it helps and cya more around k

[@samlai3362]

I totally agreed and align with you on points with regards to the 1M category. And I am interested to know how do you know, you are hiring the right team to manage your assets ? I not surprised a lot of millionaires in Singapore, are not millionaire in terms of liquidity or financial mobility, if one include their 99 years leasehold property into their millions. In my point of view, these 99 years leasehold properties is more of an liability than assets , where one only purchase their ego, sold by housing agent. Unless the properties, provide a cashflow with better yield than average return.

[@joshconsultancy]

HI Sam, great to hear your point of view!

[@KHORBSter]

Hi Josh, just a quick question. When we speak of 100k by 30, how do people normally define this? Is it in terms of net worth (cash, assets, RSPs, CPF etc, less liabilities) , or just straight up 100k in a fully liquid bank account and ignoring all others? What would you suggest as a fair measure?

[@joshconsultancy]

Hi KHORBSter, I personally define it as assets ex CPF (cash, investments, endowments, deposits, net property)? There is no need to have 100k sitting in the bank account unnecessarily haha

[@keithrandall8556]

Hi Josh, as someone who just graduated from poly awaiting enlistment. How would u go about in achieving his first 10k ?

[@joshconsultancy]

Hi Keith, I worked from year 2 of my uni days. It was some sacrifice on the grades but I started to build some savings. First 10k definitely build it through work and spending little. Also to add further, work to learn. Long term mindset not the highest per hour job :) all the best

[@josephlee5607]

Hi Josh, really like what you have shared in all your productions !! Both me & my wife are planning to fix an appointment to consult you soon. Thanks !

[@joshconsultancy]

Sure. I can be reached here - www.theastuteparent.com/josh-tan/

[@josephlee5607]

@@joshconsultancy - Thanks Josh !

[@jonamjonam8382]

Hi Josh, Can i have link on you mentioning saving taxes by SRS?

[@joshconsultancy]

Hi Jonam welcome to the family~! I've this formula to easily understand that I've shared before on SRS . Hope it helps kzbin.info/www/bejne/nH3Zi3ttr6qtns0

[@Strummify]

Hi Josh, I was wondering if you have any clients who are doctors and what are some supplementary sources of income they have besides medical practice? Additionally, were these doctors generalists or specialists. Thanks!

[@joshconsultancy]

Hi D, reach me here for a personalized discussion www.theastuteparent.com/josh-tan/ Beyond that, the question is hard to find a general answer

[@chilly2171]

I'm 24 years old with a $12 000 investment portfolio and earning around 1500SGD/month from my side business while studying in university(I'll graduate in 2 years), I spend around $1000 while investing $500 into my portfolio monthly. My biggest regret was not saving and investing money when I was around 16-18 years old, but living the YOLO lifestyle and squandering away all my money instead which has ruined the potential for my financials a lot.

[@joshconsultancy]

Hi Chilly, welcome to the family! Fantastic - "earning around 1500SGD/month from my side business" - It is a lot of work. I remember working as a part time adviser in my uni days and IT WAS HARD. So I know you must have a strong drive to do so. Can hear abit more on your story?

[@chilly2171]

@@joshconsultancy Sorry, to be exact, I earn around $800-1000 a month from my side business. The other $500 to $600 is from my parent's allowance. Another income source is grabhitch, but I don't really really earn much from that, maybe around $50 to maximum $150 a month. I prefer not to share what my business is about, but it is software/IT related, and currently, it's only consuming around 3-4 hours a week, but it's not scalable, meaning if I spend more time on it, doesn't mean I'll earn more. So, currently, the amount of time I spent on it is still okay. But yea, Uni is a crazy amount of work, I can see how anyone who's doing part time work/side hustling would be struggling. I only wished I started saving/investing in my 16-18s.

[@joshconsultancy]

@@chilly2171 no probs. When its bigger maybe then share k haha =) Cya around!

[@alanhomecooking_recipe]

Josh, How to reach out to you?

[@joshconsultancy]

Hi Alan, my professional services can be found here TheAstuteParent.com/josh-tan

[@alwinytl]

How to get a stable 7% investment return is the issue. Is it to invest 100k in all reits portfolio? 🤔

[@joshconsultancy]

Hi LaStorm, look to understand on which period and how long that is the issue. Chat again ya!

[@steph8439]

When should we prioritise upgrading ourselves over side hustles? TIA and nice sharing

[@joshconsultancy]

Hi Steph, I feel upgrading if its in line with your long term career planning may be more important. Having said that, too many have studied for the sake of studying. Hope it helps and SMASH THE LIKE button!

[@78curios]

For someone with family commitment, it is almost impossible to save $2000 a month. Take home pay is just $2800

[@joshconsultancy]

Hi Yin Mei, understand. How much do you save roughly each month for your circumstance? And how well is your finances growing these years?

[@ron6540]

You’d probably have pay Pauline to listen to the same thing this dude is sharing with us rn

[@joshconsultancy]

No probs Rui Yang, SMASH THE LIKE and cya around more too!

[@cy_sibo]

Hi Josh, thanks for your video. Can you do a video explaining dividend stocks and growth stocks and your take on investing in foreign (US) stock market? From my understanding is that Singaporeans are required to pay 30% withholding tax on dividend stocks.

[@joshconsultancy]

Hi Chean Yong, yes need. I'm not big on US stocks, this video STI vs US equity may share some of points kzbin.info/www/bejne/onaTcn5tg5WBmrM

[@dongzhenxin126]

Hi Josh, i guess it will be good to share how much the pot of savings should have then invest in stocks/REITS to save on transaction and management fee for people that want to start on investment. i.e for me, i generally saves for 6-12 months then invest the amount at 1 go although i know of some people just putting aside 100-200 dollars every month on ETF/stashaway.

[@joshconsultancy]

Hi Zhenxin, I feel 6-12months of income is generally conservative. Also like dollar cost averaging method of getting invested as more of a "I can't predict the markets attitude'. Hope it helps and SMASH THE LIKE button!

[@christopherk7920]

options for side hustles are abound ! thanks for sharing

[@joshconsultancy]

Hi Christopher, what do you have in mind for side hustles? Great to cya around too =)

[@christopherk7920]

@@joshconsultancy monetize my artistic skills. Have yet to start actually >_

[@joshconsultancy]

@@christopherk7920 you into arts industry? It's one of the worst hit in this pandemic...

[@christopherk7920]

Josh Tan - TheAstuteParent more as a hobby ! Haha

[@joshconsultancy]

@@christopherk7920 Take care man. There is a facebook support group for arts freelancers

[@iwanmuzaki8049]

Im 31, earning 4k in research work - contract based with measly bonuses. Will be switching careers to MOE as a teacher. Currently have $50k in investment, 68k cash and just have a HDB mortage to pay. Getting married next year. Am i in the right direction?

[@joshconsultancy]

Hi Ridhwan, great to hear from you. These are personal information. Maybe we bring it offline. Look for me at www.theastuteparent.com/josh-tan/ if you are open for a fee based assessment of your overall financial planning. Cya there! =)

[@DonYang73]

Yes, save at least 50% in your 20s.

[@lalaisgongon]

How does one become a client of yours!

[@joshconsultancy]

Hi Zi Yang, reach me here at www.theastuteparent.com/josh-tan/

[@heliosorion2063]

Hey man ive been watching your videos recently and i'll say great info, i want to ask some questions tho...especially regarding this Don Chiyuto Double your money investment..

[@joshconsultancy]

Hey Helios welcome to the channel. Whats "Don Chiyuto"?

[@ChrisTang787]

Well researched video... even in the HNW category we need to learn to enjoy the fruits of our labour. Don’t be too obsessed with the numbers.

[@joshconsultancy]

Thank you Christopher. Welcome to the community and See you around more! =)

[@mohdnawfal2103]

U can have a side hustle at any stage of your life. Nothing STOPS YOU, UNLESS it’s yourself. Don’t stay in 1 career. Always diversify your career. Don’t DO what NORMAL PEOPLE DO.. Be WEIRD, BE DIFFERENT.. Some career have lessen needs in certain periods of time. Unless you want to stay in your career and start a side business..

[@ChrisTang787]

Mohd Nawfal totally agree... it’s like multiple streams of income. Career, investment, own business etc

[@DonYang73]

Those are not true millionaires lah....😄

[@leakcywong9012]

i have a dollar fifty

[@joshconsultancy]

Hi Leakcy, ok

[@lurkt3048]

You can still find side hustle