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This is actually a really good point. When I first moved here I was unmarried, and my first job only paid S$2.3k and I rented a room in an HDB for $450/mo, and I could still save a good % of my salary.
I am married, single income wife is home maker and my daughter goes to international school. Yet, I have managed to save like 50% of my salary throughout my 13 years stay here.
I just reorganized my networth tracker this weekend and here are some interesting stats:
I saved 852k SGD over these years since Jan 2010, cumulative from my salary, prior to that my networth was 87K and I came to SG in Jun 2009. Then the return on investment from my most adhoc poorly managed investments over these years is cumulative 342k.
So 87K+852k+342k = 1281K. This is what I have achieved by staying in Singapore on an EP for 13 years :) Worth it or not? .....
Bank of Britain raised its policy rate for the seventh time in a year, to 2.25 percent, yet that didn't prevent the subsequent downturn in the pound, which has left the Bank's head, Andrew Bailey, in a difficult situation.
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