As we step into the New Year, it usually comes with new resolutions, new goals for the year and new aspirations. We all love the feeling that everything resets and you’re back at a certain “starting line” and this time, you’re determined to get it right.
Like any other, I too, started thinking about setting a new goals for myself as I’ve just recently purchased my first home and needed something new to be excited about. Then one morning I opened my email to find this lovely article sent by one of my clients. The article was talking about this Singaporean lady who managed to grow her portfolio in 7 years to $1million! WOAHHHHH. Who doesn’t want that. Naturally, I got super excited and started dissecting the article which then linked me to her blog to see how she did it and how I can follow.
Could this realistically be done?
The lady mentioned in the article that while she likes to travel, her greatest indulgence was MILK TEA.
How expensive can milk tea get. Trying to work out the numbers, I concluded that she was a SAVER. So while this method may work for some, it may not work for all. Some people just have more commitments like rent to pay for, footing medical bills for parents who did not insure themselves when they were younger and healthier, babies to feed, debts to clear etc. Much as Singapore is very much the cookie cutter society, every individual is different and there’s no one size fits all of a financial plan to make ourselves millionaires by the time we reach 40 years old and become eligible for Eldershield.
Nevertheless, I’m still very inspired by this lady and shall make it my own personal goal to accumulate a million dollar portfolio in 7 years!
Ladyyoucanbefree, lady, I SHALL BE FREE.