Today on Sunday Times, there is an article on whether it is possible to hit S$100K on your portfolio by the time you age 30 years old. There have been some intense discussion on FB on whether this is plausible or not, and to most extent external factors such as the age you start working or the income you earn do play a part in it. To me, it is possible and I am going to list a few of my fellow blogger and friend's stories who have been there and done it.
Drizzt - ~ Blogger of the widely known investmentmoats earns S$4k/month on his active income. He is currently single and saves 50% of his income which translates to about S$2k/month or S$24k/year. His investment motto has always been on good investment moats companies with decent risk vs reward yield returns. Extensive research was done on the companies he purchased which he often shared on his blog. He has managed to hit a 6-sum portfolio figure by the age of 30.
Uncle CW888 - An experienced investor who has been through multiples bull and bear cycles of the stock market. His resilient buy and hold picks on some of the biggest conglomerates such as Keppel, DBS and SembCorp over the past 10 years have earned him huge returns on his investments. He chooses to focus on a few stocks in his portfolio but monitor it closely with his eagle hawk eye everyday.
SMOL - A carefree man who is currently on a sabbatical leave from work (I've always envied him). At 42, he has gone through the bull and bear cycles of the stock market and is someone who has a vast investing experience and not shy from sharing his experience with the others. Again, he is someone who has been there and done it before.
AK71 - Another popular blogger who has earned 6-digits of passive income per year but choose to live as frugally as ever. He often blogs about how reducing your expenses in addition to managing good portfolio income is often a sure way of achieving financial freedom. He should have bypassed a 7-digits portfolio by now.
DW - His blog name says it all. A blogger who has achieved high personal success from investing in REITS and dividend paying companies. Through his dedicated investing in income yielding companies, together with his frugal savings attitude, it is always cashflow coming in rather than the opposite.
Mr. IPO - A blogger who uses his SRS fund to purchase good stocks which yields income. Not only does he manages to earn the returns from his investments, the SRS funding has also allowed him to reduce his overall taxes on it. Definitely something to consider of.
To achieve financial freedom, the beginning is always the hardest. But one traits in common which all the above blogger had achieved and successfully done is that they have "started" on their journey. Never say never in life and never count luck out of your way, for a dream can become a reality in a matter of a lifetime. Have you started on your journey?
