REVEALING MY NET WORTH NOW at age 39 | Financially Free In Singapore...

  Рет қаралды 44,028

Josh Tan - TheAstuteParent

Josh Tan - TheAstuteParent

Күн бұрын

Пікірлер: 149
@joshconsultancy
@joshconsultancy Жыл бұрын
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@quekkengseng
@quekkengseng Жыл бұрын
Hi Josh whats your referral code for this?
@wwesheamus100
@wwesheamus100 Жыл бұрын
Amazing video! Happy Birthday Josh and thank you for being honest and transparent with your viewers 🫡
@joshconsultancy
@joshconsultancy Жыл бұрын
🙏🙏 I hope to lead by example
@DemiZhuang
@DemiZhuang Жыл бұрын
Insightful sharing. Thank you! Happy birthday Josh!!
@joshconsultancy
@joshconsultancy Жыл бұрын
Hey Demi, thank you for the well wishes 🙏
@jwcas318
@jwcas318 5 ай бұрын
Wow! You're amazing Josh! Thanks for sharing! ❤❤❤
@joshconsultancy
@joshconsultancy 5 ай бұрын
All the best in your journey too =)
@JS-ev4xc
@JS-ev4xc Жыл бұрын
You are considered as a millionaire, at such a young age. Congats, stay prudent and enjoy. c",)
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you thank you. I hope to teach and be an example
@etchvee
@etchvee Жыл бұрын
Great video and thanks for your transparency. When calculating net worth do you keep track of how much is contribution from inheritance. Wonder what that looks like in your case.
@joshconsultancy
@joshconsultancy Жыл бұрын
My parents are still around. Yes it should still add to anyone's net worth. Happy CNY =)
@cbllynn
@cbllynn Жыл бұрын
Happy belated birthday to you , Josh! You are doing great and your videos have been helpful, be it reminder or new knowledge.
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes and the high praise =)
@HoneyMoneySG
@HoneyMoneySG Жыл бұрын
Happy Birthday Josh and hope you enjoyed your stay in Malaysia!
@joshconsultancy
@joshconsultancy Жыл бұрын
Yes! Short trip also for the kids la. You in KL now or back?
@iexan
@iexan Жыл бұрын
Happy birthday Josh🎉 Thanks for the sharing and insights given!
@joshconsultancy
@joshconsultancy Жыл бұрын
You are welcome. Thank you for the well wishes
@theloyalistspeaks
@theloyalistspeaks Жыл бұрын
Glad you are not spoiling your sons and teaching them the right values and work ethic.
@joshconsultancy
@joshconsultancy Жыл бұрын
Yes! It’s v important to me
@karunamoorthyd
@karunamoorthyd 7 ай бұрын
It is very useful to save our money on different bucket. Thank you.
@hydrodog
@hydrodog Жыл бұрын
What an achievement. Well done. 👍 Appreciate the sharing and transparency. 1.7 million views for this one.
@joshconsultancy
@joshconsultancy Жыл бұрын
🙏 Thank you for the high praise. Hope to lead by example
@ezrapan7809
@ezrapan7809 Жыл бұрын
Hi Josh , Not too understand how Annunity Plan works and why need to do redemption now . Please to enlighten . Thanks
@joshconsultancy
@joshconsultancy Жыл бұрын
Hi, redemption of loan if there is. Not selling policy. Hope it clarifies
@jacklim5973
@jacklim5973 Жыл бұрын
Happy Birthday Bro. HUAT AH....all the way
@joshconsultancy
@joshconsultancy Жыл бұрын
Huat ah! wishing you the best also
@JustJamesDean
@JustJamesDean Жыл бұрын
very inspiring, well done Josh.
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you 🙏
@moonaldo27
@moonaldo27 Жыл бұрын
hi josh, thanks for the content. which cold wallet are you using?
@joshconsultancy
@joshconsultancy Жыл бұрын
Hi, I got the most basic one. Ledger Nano S Plus. shop.ledger.com/?r=628be765001a
@limy0018
@limy0018 Жыл бұрын
Great job. You have a diversified portfolio. Impressive.
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the high praise 🙏
@KoshilanKoshTV
@KoshilanKoshTV 8 ай бұрын
Thank you for the transparent sharing. Question: why you take $6K * 25 ?
@sherreenfoo5760
@sherreenfoo5760 Жыл бұрын
Wow very great achievement at this age!!! Are you still working full time ?
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the praise. Wealth is for family. That’s been my focus 🙂
@paperclips51
@paperclips51 Жыл бұрын
Happy birthday and great job with the accumulation. Btw should we include residential home as part of the net worth since it’s not immediately available for use ?
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes. The net value after loan should be as it gets passed on if one passes away
@MightyRoy
@MightyRoy 6 ай бұрын
1.7 million can only buy small condo in singapore, can't buy landed property leh... If HDB in prime area, can buy 2 units.
@joshconsultancy
@joshconsultancy 6 ай бұрын
HDB can only but 1 based on rules
@wenlinkwek7943
@wenlinkwek7943 Жыл бұрын
hi josh, are you ble to comment on the dogs of sti dividend investing strategy? is it a good approach?
@joshconsultancy
@joshconsultancy Жыл бұрын
Dogs? Investing is about understanding what you own, buying them at a reasonable price and as what buffett said, dont mind stock market closes for 5y. In recent years, its been about growth in US vs dividend in singapore and the discussion unfortunately becomes a showdown of gains
@gabrielng05
@gabrielng05 5 ай бұрын
I got that zebra shirt too thou yellow in colour 😊
@joshconsultancy
@joshconsultancy 5 ай бұрын
I knew got market demand! ... thought of bringing it to SG to retail lol
@mtmt1274
@mtmt1274 8 ай бұрын
Hi Josh, i would like to know what are your hedging strategies in case of a market crash (similar to 2008)
@joshconsultancy
@joshconsultancy 8 ай бұрын
Hi we cannot be sure there is a crash. Unless your portfolio is very skewed to 1 stock, there may be no need to hedge. When "hedge" you give up potential upside. THere is also a question when to "unhedge" Simplify, check your cash balances and if its health, be ready to ride the down and up
@yipkf18
@yipkf18 Жыл бұрын
Hi josh. Beside all these investment plans. Do u have any insurance plans bought for your family members and yourself? Maybe i missed out your earlier post on your utube.
@joshconsultancy
@joshconsultancy Жыл бұрын
Oh yes certainly. Annuity plan only provides income stream. Some tips in this tutorial Check - REVEALING MY INSURANCE PORTFOLIO | WHICH INSURANCE PLAN TO GET IN SINGAPORE! kzbin.info/www/bejne/f6nQaX1-mceFg5osi=QebKE4JzteZIn5b4
@bkoh1771
@bkoh1771 Жыл бұрын
Congrats as well. Just a few thoughts: 1) i don't think SA as well along with Medisave should be considered as wealth unless you're close to 65. 2) You seem to be splitting to too many individual stocks and specifics such that it seems like shooting all around and not focused. Why not follow that fee only based financial provider and just focus all / mostly on the low-cost world MSCI index ETF?
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you. SA can be consumed when FRS is filled or if touch wood dire medical condition Investing broad base has its merits. Not shooting around. I believe I'm well versed in stock investing and is an art I also teach. Cya around and hope it answers well
@jironghuang4895
@jironghuang4895 Жыл бұрын
Cpf is your money. You can always pledge your property if you want to extract more SA out at 55. Cpf is a way to prevent oneself from making stupid decisions
@bkoh1771
@bkoh1771 Жыл бұрын
Yeah, of course, it is your money cause u will get a payout eventually at 65. So perhaps 55 or 65, then include it. At 39, it seems a bit too early, same for SRS as well ( even though u technically can take it out, you have to pay a penalty and all the taxes owed). You can only touch some of the returns at 62. If you exclude these portions, including house and OA, the current returns will not generate the $6k that he wants for FIRE now especially where most of his investments are still fluctuating like Etherium & China growth which will not give you cash dividend consistently.
@bkoh1771
@bkoh1771 Жыл бұрын
@@joshconsultancy yeah "shooting all around" seems a wrong phrase. As per comment above because like SRS & Cpf & other more volatile items like Etherium, you will not consistently get $6k of income flow every month now (maybe 55,62 or 65 yes) but again FIRE is not something you are looking for as well.
@jironghuang4895
@jironghuang4895 Жыл бұрын
@@bkoh1771 I'm only 35 and I also include it in my balance sheet (reached 7 figures in net worth including cpf with FRS & BHS late last year or early this year); I'm a non-condo pro CPF SA MA route guy. It's great for long term planning and legacy distributions. I don't think he is talking about FIRE in this video.
@jalanjalan7099
@jalanjalan7099 Жыл бұрын
Happy Birthday. I'm quite surprised you only have 20k as emergency fund? I thought the general rule of thumb is to have at least 6 x monthly salary as money for the rainy day?
@joshconsultancy
@joshconsultancy Жыл бұрын
Wife side has no worries. I see it as a family emergency cash
@sleepyman6598
@sleepyman6598 Жыл бұрын
Hi, how do you own a private property and a HDB at the same time ?
@joshconsultancy
@joshconsultancy Жыл бұрын
I paid ABSD in 2017. This sharing done some years back has some details k kzbin.info/www/bejne/imHJkJWgobF1Y8Usi=xK3CVcphxDvxz6e0
@shawnang280
@shawnang280 Жыл бұрын
Happy belated birthday and wish you all the best 🎉
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you Shawn 🙏
@ahwaiii
@ahwaiii Жыл бұрын
Hi Josh! May I ask, would you recommend me putting aside $500/month into an endowment plan instead? Maybe premium term of 10 years.
@joshconsultancy
@joshconsultancy Жыл бұрын
Hi, as of now with high interest, endowment plans have less of an appeal for guaranteed returns. I don’t know your full context but $500/m may be quite a big policy to commit to. I’ve a video on SsB bond ladder, check it out as an alternative too k 👌🏻
@yumiko_xo
@yumiko_xo Жыл бұрын
Happy Birthday Josh! thanks for insights. do you feel financially free yet? i get a feeling that it is still not enough to have a choice to stop working - but isn't it strange? 1.7m is really a lot of value already.
@joshconsultancy
@joshconsultancy Жыл бұрын
Financially free now? I would think maybe or v close. Not a key focus at this stage though. I hope to build something bigger that I can be proud of =)
@AG-so4gl
@AG-so4gl 4 ай бұрын
Can retire to Malaysia or Thailand and live very well on that. Geo Arbitrage
@weeminglim5374
@weeminglim5374 Жыл бұрын
U are very transparent…
@joshconsultancy
@joshconsultancy Жыл бұрын
I teach openly and hopefully lets make money less of a taboo subject
@kevinho4504
@kevinho4504 Жыл бұрын
You are in a good financial position. 🎉
@joshconsultancy
@joshconsultancy Жыл бұрын
I need to be if I want to advice on finances :)
@kevinho4504
@kevinho4504 Жыл бұрын
@@joshconsultancy I benefited from the covid 19 and Ukraine war effect on stock market , if you can do a video on what you think will happen on the yield curve goes up the horizontal line as I see that recessions always occur thereafter. Will be good to hear your view on this.
@xinfull2
@xinfull2 Жыл бұрын
But how does this net worth make u financially free? If someone has a fully paid condo worth 2mil that he and his family lives in, and no other assets, his net worth is 2mil, but is he financially free?
@joshconsultancy
@joshconsultancy Жыл бұрын
True. Home is not an asset. Hence I’ve always advocated prudence
@shaneng5852
@shaneng5852 6 ай бұрын
Josh, good work 👏
@joshconsultancy
@joshconsultancy 6 ай бұрын
Thank you, subs and stay tuned for more =)
@chilly2171
@chilly2171 Жыл бұрын
any thoughts on your REITs investments? Seems like they're doing very poorly.
@joshconsultancy
@joshconsultancy Жыл бұрын
Relax on it, some periods are down some are up. Some see this down period as buying opportunity also. Unlike what advertisements like to harp on immediate results, in real investing there may not be immediate results... Money is already made in the buying and not by mr market showing better price next week 👌 Hope it answers well
@chilly2171
@chilly2171 Жыл бұрын
@@joshconsultancy Okay thanks, hard to remain calm when I keep seeing it drop
@silverchairsg
@silverchairsg Жыл бұрын
Do you think holding index funds and never touching it until retirement is a good investment strategy for average Singaporeans? Is dumping everything into some S&P 500 index funds valid, or should we diversify and hold global index funds? Also there's the whole US dividend withdrawing tax thing, so some people buy Irish-domiciled ETFs instead to track the index. What do you recommend?
@joshconsultancy
@joshconsultancy Жыл бұрын
Dumping all into S&P500 seems to stem from over optimism from recent performance. Back in 2000-2007 it didnt seem so.
@silverchairsg
@silverchairsg Жыл бұрын
@@joshconsultancy What about holding like 40+ years, for a very very long horizon?
@balibuba
@balibuba Жыл бұрын
why don't you stake your eth bro, please don't use the centralize but instead run your own validator
@joshconsultancy
@joshconsultancy Жыл бұрын
In cold wallet. Not sure about own validator
@kaiseng8394
@kaiseng8394 Жыл бұрын
congrats Josh. that's inspiring at your age.👍
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you. Yes I hope to lead by example
@DonYang73
@DonYang73 Жыл бұрын
Cool, several hours ago, i just commented on your first networth video in 2021, asking if you would do one in 2023. My estimate of your networth today was closer to $2mil. So i was quite right. What is your target networth at 50 yrs old?
@joshconsultancy
@joshconsultancy Жыл бұрын
By compounding it will become a much bigger number. The kicker comes if I grow the business well in the next few years. Its my key focus now not the projected net worth
@clw2813
@clw2813 Жыл бұрын
Happy Birthday Josh! Did you top up beyond the maximum tax relief for SRS annually? The amount of $260k seems quite high (17 years x $15.3k) though the bulk of it could possibly be from market returns.
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you 🙏 From market returns investing into Singapore stocks
@robertquilindo8853
@robertquilindo8853 Жыл бұрын
That’s one downside on SRS is that when we withdraw, we need to pay tax on 50% of the withdrawal. So the more we profit from SRS , the more we need to pay govt 😢
@anfield0109
@anfield0109 Жыл бұрын
Happy birthday bro 💪
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you =)
@sufiansupari
@sufiansupari Жыл бұрын
Happy birthday Josh🎂
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes =)
@hydrodog
@hydrodog Жыл бұрын
Mind sharing what SRS brokerage u use?
@joshconsultancy
@joshconsultancy Жыл бұрын
I use LimTan where I worked as an intern 16years ago 😅
@Huathuatah88
@Huathuatah88 8 ай бұрын
Josh, you can buy and keep some gold. All that glitters excites me.😂
@joshconsultancy
@joshconsultancy 8 ай бұрын
Ah I prefer Bitcoin as the new age gold
@celjj
@celjj Жыл бұрын
Happy Birthday 🎉
@joshconsultancy
@joshconsultancy Жыл бұрын
🙏😀
@tomkevlee
@tomkevlee 11 ай бұрын
noticed your SRS statement Total Cost is $286K but valuation at time of screenshot is 257K which means a paper loss of almost 30K 😱
@joshconsultancy
@joshconsultancy 11 ай бұрын
Yes its exposure to REITs naturally the value has decreased. Total capital is lower. There were gains in previous years no worries
@Twodaae
@Twodaae Жыл бұрын
Nice honest break down! Happy Birthday Josh! Was wondering, I only started investing in stocks after dabbling into it during the covid period and have currently roughly $20k invested in both HK and US exchanges. I have a small war chest ready to buy in "soon" as I feel markets are dipping close to the bottom. Would you include watches and possibly gold jewerly as part of an "investment" and could it be included into a person's networth? I've been buying watches for the last 10yrs and have accumulated a box of them, hence should I value my watches base on current market value or the amount i paid for them when I purchased them? Thanks
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes. By right they have resale value they should count. Value them at cost maybe?. In accounting, its always putting a lower value
@NOpopplaying
@NOpopplaying Жыл бұрын
Can I say that job income is most important to start saving and allocating to different investments? The reason your networth is about $2 million at 39 is due to your above average job income.
@joshconsultancy
@joshconsultancy Жыл бұрын
Building up income is definitely needed
@limmike5339
@limmike5339 Жыл бұрын
Humble 👍🏻
@LeakyBucketsg
@LeakyBucketsg Жыл бұрын
Any investment to any private equity?
@joshconsultancy
@joshconsultancy Жыл бұрын
Dont have and not on horizon also
@mariatachi8398
@mariatachi8398 Жыл бұрын
Happy birthday to you Josh
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes =)
@byebyefiat
@byebyefiat Жыл бұрын
does wifey have separate investment portfolio?
@joshconsultancy
@joshconsultancy Жыл бұрын
Yes she has
@STEPHENMYUNG
@STEPHENMYUNG 5 ай бұрын
Josh!!~You are only ok only at age of 39 with S$1.72 million networth but your cash is too little!! When I was your age I left Singapore in 1988 after 10 years work in UPPER THOMSON, my cash networth was US$542,000.00 (S$1,083,500.00) in CASH!! Another 2 properties in HK & China!! CASH is KING & it is my ready money in the year 2000!!! I think you are still better than most Singaporean Young Men in Singapore Today!! SAVING more important!! I am now very old but still holding a lot of CASH!!
@joshconsultancy
@joshconsultancy 5 ай бұрын
Cash not king. Cash must move 😅
@STEPHENMYUNG
@STEPHENMYUNG 5 ай бұрын
@@joshconsultancy Very True!! My Cash is becoming the financial foundation for my own enterprise!! I try to emulate Singapore's FAR EAST CONSORTIUM of Mr. Ng Teng Feng!! My cash are in business!! I will return to Singapore in future to grow a family office in Singapore too!! I LOVE SINGAPORE!!!!
@EZJRVCXY
@EZJRVCXY Жыл бұрын
Happy Birthday! Just wondering, why did you choose Syfe Custom instead of using Syfe trade? Since Syfe Custom you will need to pay for the Syfe management fees and ETF expense ratio, where as if you use Syfe trade the cost will be lower
@joshconsultancy
@joshconsultancy Жыл бұрын
Thank you for the well wishes =) You've a point. I've automated the purchase previously with syfe custom
@choonbingpng8768
@choonbingpng8768 Жыл бұрын
J Tan, commendable
@noby9693
@noby9693 Жыл бұрын
I think i have 800k or slightly above alittle of net worth at 33 😅
@joshconsultancy
@joshconsultancy Жыл бұрын
Only competition is against your 30yo self. Only goal is satisfaction 👌
@3xonly
@3xonly Жыл бұрын
Jio leh next time come kl hahaha
@joshconsultancy
@joshconsultancy Жыл бұрын
You live there?
@3xonly
@3xonly Жыл бұрын
Yeaaa, thanks to your sharing on sgx stocks so I can diversify from bursa down south 😎
@klavier3112
@klavier3112 Жыл бұрын
Hi Josh, just wondering why you dont consider UOB One which can give you ard 5% for 100k? Though it is abt the same as REITs but this is more liquid.
@joshconsultancy
@joshconsultancy Жыл бұрын
Its interest income which will in long term lose to inflation. Reits regardless of price trend presents real estate assets to you to build wealth k
@klavier3112
@klavier3112 Жыл бұрын
@@joshconsultancy thanks for your response. That makes sense
@jironghuang4895
@jironghuang4895 Жыл бұрын
Looking healthy. Congrats.
@joshconsultancy
@joshconsultancy Жыл бұрын
Good health good wealth! Huat ah! =)
@michaelgohmox
@michaelgohmox Жыл бұрын
Come KL Bojio bro
@joshconsultancy
@joshconsultancy Жыл бұрын
Haha, you reside in KL?
@zhenxiong5389
@zhenxiong5389 Жыл бұрын
Wow. Millionaire
@cryptot8531
@cryptot8531 Жыл бұрын
You need to 20x your networth by 45 years old.....
@joshconsultancy
@joshconsultancy Жыл бұрын
Avoid get rich quicks
@weeminglim5374
@weeminglim5374 Жыл бұрын
Don understand what u mean $6000 x 25 time = $150,000 (what does this value means ??)
@joshconsultancy
@joshconsultancy Жыл бұрын
There is a rough formula which is 25x annual expenses. In my case $6000/m x12 x 25 = $1.5m for financial freedom for investment assets to last Take with pinch of salt k. Ive some videos explaining on it
@roflolmaomg
@roflolmaomg Жыл бұрын
​@@joshconsultancyshould be 1.8m?
@joshconsultancy
@joshconsultancy Жыл бұрын
@@roflolmaomgoops you are right
@doggiebaby5646
@doggiebaby5646 Жыл бұрын
Hi Josh, why multiply by 25? Do you assume you have 25 years of retirement life?
@jamesk6673
@jamesk6673 Жыл бұрын
You look & sound older than 39 😅
@joshconsultancy
@joshconsultancy Жыл бұрын
😅
@weiyongl
@weiyongl Жыл бұрын
i made some bad choices. same age as u only 990k. 300k annual income pretax. 😢. excluding my spouse.
@joshconsultancy
@joshconsultancy Жыл бұрын
Wealth is for your future self and family. There will be people with more, there will be people with less. As long as there is progress be happy k
@espangasor
@espangasor Жыл бұрын
Happy Birthday!
@joshconsultancy
@joshconsultancy Жыл бұрын
🙏🙏 Thank you
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