July Income and Expenses | Mid Year Check in Savings Rate for 2024

[@streetsg]

I’m 29 and just resigned from my $3K per month job due to a 30% pay cut. I’ve been feeling anxious and constantly worrying that I won’t be able to find another job. Hope that one day I can achieve a high income like you.

[@DemiZhuang]

Sorry to hear this :/ Keep to a budget these few months as you find a new job and once you do, look to diversify your income streams!

[@peihong4408]

do u use ibkr to buy qqqm too?

[@em2nre5u]

The other 9-10k income not mentioned are from your other personal projects?

[@ahpat1]

Really applaud the effort to keep such detailed records.

[@MasterLeong88]

nowadays so many sg finance youtubers promoting chocolate finance lol

[@zheyi13296]

It's trash bro. Way more ways to earn higher apy.

[@liewchinlee6805]

Demi, can I still apply for the 6.8% pa for Moomoo even though mine has already expired after 1 mth? Or is it only just a one time thing? I tried applying for it again but it didn't work. Why?

[@DemiZhuang]

Have you deposited into the fund before? If you’ve done it, it only lasts for 30 days!

[@liewchinlee6805]

@@DemiZhuang Oh got it, so I can't renew it for another 1 month? Must seek alternatives?

[@liewchinlee6805]

@@DemiZhuang Can i check, for the existing users of 6.8%pa on Moomoo cash plus, it shows 30days. But why is there also a 60days for us to hold? So which is it?

[@DemiZhuang]

mine is previous promo, for the latest existing user promo refer to this - tinyurl.com/3knysh4b

[@stephenip9667]

Hi Demi sorry wrong place to ask but could I ask for your hsbc travelone code please?

[@DemiZhuang]

Here u go :) - bit.ly/dzhsbctravelone

[@stephenip9667]

@@DemiZhuang thank you.

[@stephenip9667]

@@DemiZhuang could I check that the free miles ain't the same as kf miles right? Oh yes would you happen to have a heymax code as well please?

[@DemiZhuang]

Yes heymax miles is different to kf miles! Heymax link here - bit.ly/dzheymax

[@hearttoheartstories4410]

Awesome job. Btw how did you buy the astrea bond? Is it in moomoo?

[@DemiZhuang]

I did it via banks when they did the public offering! It’s available on the exchange now!

[@hearttoheartstories4410]

@@DemiZhuang what’s the name of the bond in the banking app if I am interested to buy?

[@DemiZhuang]

Z1AB, remember to do your own due diligence ya!!

[@maniee8995]

do u mind sharing your overall financial goals for 2024? Just joined recently.

[@DemiZhuang]

This year just an overall savings rate of 70%! On track so far as mentioned in the video haha welcome on this journey!

[@Oats4lyfe-pv7uv]

How are you able to keep getting 6.8% from moomoo, can existing users keep getting it as well?

[@DemiZhuang]

They continued that promo for existing users for a while now but the recent one changed, check the T&Cs here - tinyurl.com/3knysh4b

[@melodyn6419]

I don't think it's a good idea for you to stop your money diaries. People would like to know your personal finances and income

[@asisatan3731]

please compile into excel & share here thanks

[@kohlee888]

👍

[@mrsnowmanshow]

Groceries and meals looks far too little even if just for oneself. And public transport $12? Cant be a normal day travel by public is already $4. $18k is a lot for 27 yr but imagine if u gave parents and kids. Then there is housing and medical.

[@DemiZhuang]

Perks of being self employed I get to work from home = little to no transport cost. I have supermarket vouchers that I still have plenty of hence nothing much incurred for groceries.

[@DarkoFitCoach]

Hi Demi, congrats on the stellar income and savings %, superb I just dont understand the following: why does your channel focus so much on bank and bond savings, these are average of 4-4.5%, i dont get this? You are in a sp500 index which makes 14% average since 2009 so now 15yrs and yet video after video is of some local banks offering 4% per annum and this is somehow a good deal? sure if people want zero risk then low rewards are theirs but how about focussing more on index funds which are super diversified and earn MUCH MUCH more. only reason being is maybe u get kickback from these banks so promoting them is in your income interest. no problem also but should be disclosed

[@DemiZhuang]

I don’t get a kickback from the bank savings account. I keep it cus i need the cash liquidity in the short term. I’m still keeping up with my other investments as mentioned in the video. Bonds that i hold helps to diversify the portfolio I have based on my risk appetite. I do not want to be 100% in equities.