How I Make $100,000/Year Working in Singapore at 30

Summary

In this video, a physiotherapist in Singapore shares how he generates an annual income of $100,000 at the age of 30 through diverse income sources. Over four and a half years, he has invested his salary into money market funds, high-interest bank accounts, dividends from REITs, and options trading. He emphasizes the importance of maintaining liquidity while saving for future expenses like a house and travel. Despite a total expenditure of $4,320 in September, he managed to save and invest significantly, illustrating his disciplined financial habits and strategies for wealth building.

Takeaways

• 😀 The speaker earns $100,000 annually as a physiotherapist in Singapore at age 30.
• 💰 Diversifying income sources is crucial; the speaker has invested in multiple avenues.
• 📈 Money market funds were recently introduced as a new investment strategy, earning a 5% yearly return.
• 🏦 High-interest bank accounts can provide substantial interest and cashback benefits.
• 📊 Dividend stocks are a significant income source, with over $1,800 earned from various investments in September.
• 📉 Options trading on stocks like Alibaba can yield impressive monthly earnings.
• 👔 A full-time job remains the primary income source, with careful budgeting for expenses.
• ✈️ Travel expenses were significant in September, highlighting the importance of planning and saving for leisure.
• 💡 Maintaining a budget allows for effective saving and investing, ensuring financial stability.
• 🔍 The speaker's strategy includes continuous monitoring of investments and seeking opportunities to grow wealth.

Q & A

What is the main source of income for the individual?

The main source of income for the individual is their full-time job as a physiotherapist in Singapore, which accounts for a significant portion of their earnings.

How much did the individual earn from money market funds in September?

The individual earned a total of $86.72 from their investment in the CSOP Money Market Fund.

What are the advantages of using a high-interest bank account?

The high-interest bank account allows the individual to keep funds liquid while earning a decent amount of interest, which is important for saving for large expenses like a house.

What dividend income did the individual receive from their investments?

In September, the individual received a total of $1,841.49 from dividends: $762 from Singapore Savings Bonds, $564.31 from Ascendas REITs, and $515.18 from Capitaland MO REITs.

What was the total amount spent by the individual in September?

The individual spent a total of $4,320 in September, which included expenses for both living in Singapore and a trip to Vietnam.

How did the individual manage their travel expenses?

The individual saved diligently for travel expenses by allocating funds specifically for emergency and travel funds, allowing them to cover the costs without dipping into savings or investments.

What strategy did the individual use for selling options?

The individual sold options on Alibaba stock, taking advantage of a bullish trend in the stock market to earn $799 from this activity in September.

What is the individual’s target annual income, and how is it broken down monthly?

The individual's target annual income is $100,000, which breaks down to approximately $8,333.33 per month.

What is the individual’s approach to future investments?

The individual plans to save and potentially invest more in DBS stock if its price dips, showing a cautious approach to purchasing at high prices.

What are the key financial habits highlighted by the individual?

The key financial habits include tracking income and expenses monthly, saving for specific funds like travel and emergencies, and investing wisely to diversify income sources.