Sign up for ST InvestMe to find out how you can invest to live, and not live to invest.
We have heard this advice countless times: work hard, save more, invest early, grow your wealth and retire in peace.
But somewhere between chasing that job promotion, paying off loans, and scrolling through endless videos about stocks, property and financial independence, a question often gets lost: How much money is enough?
For young adults, investing can feel overwhelming when you are looking to buy a new home, save for home renovations and retirement, look after ageing parents, and somehow still have enough left to enjoy life today.
It does not help that social media coughs up stories of overnight millionaires, young couples with children travelling in business class, and dining at Michelin-starred restaurants, making it seem like everyone else is getting ahead and leaving you behind.
For young parents, the concerns may differ, but are no less daunting. How much should you put aside for your children’s education? Should you budget for local or overseas universities? For older parents, should you dip into your savings and help your child financially?
The Invest To Live, Not Live To Invest panel discussion is designed for those of you who want your money to support your lives – not consume you.
You will learn from The Straits Times’ panel experts – Alfred Chia, chief executive officer of SingCapital, and David Teo, senior consultant psychiatrist and deputy medical director at Connections MindHealth – how much money is enough, and how to avoid behavioural traps.
The session, moderated by ST senior business correspondent Angela Tan, will present tips on how you can allocate funds for housing, childcare, insurance and savings. The panel will also look at ways to plan for retirement and, yes, answer questions on whether it is too late to invest in gold or certain stocks.
You will learn how to build simple investment habits, avoid common money mistakes and create plans that suit your priorities and lifestyle.
More importantly, the session will touch on investments that generate the highest returns over a lifetime: health, relationships, financial skills and experiences.
Finally, the goal of investing is not to die with the largest possible portfolio, but to build a life rich enough that the money can quietly do its job in the background, while your attention is devoted to people and things that matter the most.
So don’t miss out on the coming InvestMe event, which will be held on July 18, 10.30am, at SPH Media’s auditorium at News Centre, 1000 Toa Payoh North.
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To sign up for the course, you need to subscribe to The Straits Times InvestMe package. Existing subscribers can sign up without incurring extra charges if they have not committed to a fresh subscription plan recently.
