While it is easy to be carried away with picking stocks or analysing market trends, the truly wise will not neglect to invest in their most valuable asset: themselves.
According to income statistics from the Ministry of Manpower, the median gross monthly income of employed residents in Singapore is $4,056. If we assume that a typical career begins at age 24 and concludes at the retirement age of 62, the average Singaporean can expect to earn about $1.85 million dollars throughout their career ($4,056 x 12 months x 38 years).
Investing in yourself to protect and increase your own income-earning potential will lead to great returns.
Here are 6 concrete ways you can do so:
DollarsAndSense.sg is a website that aims to provide interesting, bite-sized financial articles which are relevant to the average Singaporean. Love what you just watched? Subscribe to the DollarsAndSense YouTube channel for more great finance videos!
DollarsAndSense.sg aims to provide interesting, bite-sized and relevant financial articles.
Learn together with like-minded Singaporeans at the Personal Finance Discussion SG Facebook Group by discussing a range of personal finance topics.
If you have not done so, subscribe to our free e-newsletter to receive exclusive content not available anywhere else.