Young Adult (Age 18-25)
Young adult who are age 18-25, people who newly graduated, or getting first job and start on asset accumulation.
Here are the guides for you:
1. Prioritise your spending
You may adopt the 50/30/20 Rule to align their savings goal with their spending habits.
2. Start an Emergency Fund
By estabilishing an emergency fund that you can fall back on if needed. Regardless of how much of your salary always make sure to save a portion of your income for an unexpected rainy day — as a general rule of thumb, aim to save 6 months worth of income.
3. Protect your Wealth
Insurance is a way to protect your wealth when things happen on you and you loose the earning ability. For example, when you are sick, disability or accident.
4. Grow your Wealth
Go through a proper investment tool such as Unit Trust and saving plan to grow the wealth.
We have professional to assist you. Do contact us if you have any enquiries.
