the woke salaryman

Important Things I Had To Do To Save $100,000 Before 30 In Singapore

2 min read

The Woke Salaryman X Seedly

The Woke Salaryman In The MRT
Source: The Woke Salaryman | Facebook

Here at Seedly, we’re all about creating and curating meaningful, well-researched, and unbiased content that is relatable to Singaporeans in their quest for financial independence and freedom.

So when our personal friends, He Ruiming (a talented writer) and Goh Wei Choon (a brilliant illustrator) started The Woke Salaryman, we knew that we found like-minded individuals who share our goal in educating and spreading the importance of personal finance.

Through their witty comics and the sharing of their personal experiences, they seek to help regular salarypeople – like us – who’re tired of working a day job and aim to retire early.

We hope you enjoy their work as much as we do!

Important Things I Had To Do To Save $100,000 Before I Turned 30 In Singapore

The Woke Salaryman: How to save $100,000 by 30 in Singapore?

It’s common knowledge. “Money saved in your 20s is worth more than money saved in your 30s,” says every financial website out there.

The Woke Salaryman: How to save $100,000 by 30 in Singapore?

It’s important to start saving in your 20s because you have the advantage of compound interest on your side. And just in case you’re wondering how long it will take to double your money.

It takes about 24 years to double your money at a 3% interest rate. cue screams

How Did I Kick Start My $100,000 Savings Journey

Here’s a simple 12-step guide which anyone can follow.

Step 1: Cut Sh*t Out Of Your Life


The Woke Salaryman: Cutting shit out

Here are some examples of things that are holding you back financially.

The Woke Salaryman: Things holding you back financially

Step 2: Get A Side Hustle

The Woke Salaryman: Side Hustle

The Woke Salaryman: Important things learnt from side hustle

Step 3: Learn Skills That Can Get You A Pay Raise Or Better Job Opportunities

The Woke Salaryman: Picking up skills

The Woke Salaryman: Ways to learn skills

Step 4: Find A Job With More Opportunities

The Woke Salaryman: Job Opportunites

Step 5: Ask For A Pay Raise

The Woke Salaryman: Asking for pay raise

Step 6: Learn To Save Money On Holidays

The Woke Salaryman: Save Money on holidays

Step 7: Read Up And Invest!

The Woke Salaryman: Read up and Invest

The above is a mini checklist. How many of these can you check off your list?

Step 8: Get A High-Interest Bank Account

The Woke Salaryman: Change to a high interest bank account

Step 9: Get Insurance

The Woke Salaryman: Getting insurance in Singapore

You don’t have to spend a fortune on insurance, just focus on a few key policies like:

  • Critical Illness
  • Death
  • Disability
  • Hospitalisation and Surgery

Step 10: Do Not Get Into Debt. Especially Credit Card Debt.

The Woke Salaryman: Credit Card debt

Step 11: Give Back To Charity

Go the extra mile, do some good, and help someone out!

The Woke Salaryman: giving back to charity

It doesn’t hurt that you’ll get tax relief too!

Step 12: Don’t Give Up!

The Woke Salaryman: Never give up

Especially when the going gets tough.

What Happens If You Are 30 And Have $0 In The Bank?

The Woke Salaryman: $0 at age 30 in Singapore

The Woke Salaryman: Financially Free and retire early

The Woke Salaryman: Life goals

The Woke Salaryman: How to save $100,000 by 30 in Singapore?

Source: all comics by The Woke Salaryman

Seedly Guest Contributor: The Woke Salaryman

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For this series of comics that are related to all things personal finance, the Seedly team worked closely with The Woke Salaryman, to bring you useful sh*t which you can apply to your everyday life.

The Woke Salaryman is the brainchild of a Singapore-based duo that aims to help people reach financial independence early. It is the quintessential page for people living in Singapore who earn a median salary of $4,500 and didn’t inherit their fortunes from their parents.

If you have any questions with regard to personal finance and retiring early, feel free to discuss them with the Seedly Community here.

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