View Poll Results: What is your savings rate?

Voters
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  • < 20% (Working - Salary)

    27 18.62%
  • 20% - 40% (Working - Salary)

    48 33.10%
  • 40% - 60% (Working - Salary)

    40 27.59%
  • > 60% (Working - Salary)

    20 13.79%
  • < 20% (Retired - Passive Income)

    2 1.38%
  • 20% - 40% (Retired - Passive Income)

    3 2.07%
  • 40% - 60% (Retired - Passive Income)

    1 0.69%
  • > 60% (Retired - Passive Income)

    4 2.76%
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What is your savings rate?

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  1. #31

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,365
    Quote Originally Posted by shri:
    Most of us are young enough to have learnt from those mistakes. Doubt anyone is regret free of all the investments they made..

    Sometimes I like to think of these regrets as tuition fess
    I found that as you get older, your earning potential increases. So that money when you were a little kid, is pretty insignificant. You have your experiences and you learn from them - I guess for me, I'm ultra conservative when it comes to investments. Definitely I made plenty of stupid choices when I was on margin trading in the past.
    Paxbritannia likes this.

  2. #32

    Join Date
    Oct 2010
    Posts
    20,251
    Quote Originally Posted by MandM!:
    I found that as you get older, your earning potential increases. So that money when you were a little kid, is pretty insignificant.
    A hundred dollars invested when you are 25 will contribute a lot more to your retirement than 1000 dollars invested when you are 55.
    z754103 likes this.

  3. #33

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,365

    [QUOTE=TheBrit;3675832]

    Quote Originally Posted by MandM!:
    I found that as you get older, your earning potential increases. So that money when you were a little kid, is pretty insignificant. /QUOTE]

    A hundred dollars invested when you are 25 will contribute a lot more to your retirement than 1000 dollars invested when you are 55.
    Perhaps, yet I don't invest...

  4. #34

    Join Date
    Aug 2013
    Location
    The World
    Posts
    1,177

    That reminds me, time to go get a cheap tax loan and buy some stocks or an apartment in Saigon =P

    MandM! likes this.

  5. #35

    Join Date
    Jun 2015
    Posts
    292

    please don't save too much, you guys... or our banking industry will starve

    shri and LifeInHK like this.

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