In a world where the escalating cost of housing is a challenge many must confront, there are rare stories that stand out as exemplars of dedication and financial prowess. Such is the tale of Ms. Chen Min, a 23-year-old Singaporean woman who defied the odds to acquire a condominium in the heart of Serangoon.
The Journey to Serangoon: A Testimony of Hard Work and Frugality
The struggle to attain property ownership in Singapore is no minor feat, especially for someone as young as Chen Min. Her journey towards homeownership is a testament to her unrelenting determination, entrepreneurial spirit, and commitment to financial prudence.
1. A Multifaceted Approach to Earnings
Chen Min’s path to owning a Serangoon condo wasn’t paved with silver spoons or extravagant allowances. Instead, she harnessed her capabilities and initiated a multi-pronged approach to income generation. Beyond her academic pursuits, she ventured into entrepreneurship at the age of 17 by establishing a pastry home business.
@minxchen_ When I was 21, I made a goal to get my first property before I turn 24. Many times in between I doubted myself but I still stayed determine because I TRULYY believe in property investing. The biggest accomplishment from this is I didn’t need to borrow a single cent from anyone to live my dream. I worked hard and had the power to control my life. In the process, I met sooo many set backs applying for my house loan but my super hardworking agent David Goh from #propnex worked tirelessly (I havent met anyone as dedicated as him) to help me find the best bank to loan with and he found Ashley Tan from #uobprivilegebanking who truly made my experience a smooth sailing one. They are literally extraordinary 😭🙏🏻 Honestly so grateful for this experience – all of these wouldn’t have happened without them. To all self employed in SG, CPF contribution is sooo important to give us a head start 🏦 Lets keep working on becoming better than yesterday and be the best version of yourself!! #property #propertyinvesting #sgtiktok #smallbusinessowner #hustle ♬ Home – Edward Sharpe & The Magnetic Zeros
2. The Power of Saving Wisely
Ms. Chen’s transformational journey was characterized by a conscious choice to embrace frugality. With an average family background and a limited financial cushion, she embraced a frugal lifestyle. This meant foregoing indulgent expenditures and prioritizing mindful spending.
3. From Small Savings to Remarkable Accomplishments
Ms. Chen’s ability to fathom the cumulative impact of her frugal choices is nothing short of inspiring. What might seem like trivial savings on a daily basis, such as walking instead of taking public transportation or forgoing snacks, evolved into a substantial financial reservoir over time.
In her TikTok post she said:
@minxchen_ When I was 21, I made a goal to get my first property before I turn 24. Many times in between I doubted myself but I still stayed determine because I TRULYY believe in property investing. The biggest accomplishment from this is I didn’t need to borrow a single cent from anyone to live my dream. I worked hard and had the power to control my life. In the process, I met sooo many set backs applying for my house loan but my super hardworking agent David Goh from #propnex worked tirelessly (I havent met anyone as dedicated as him) to help me find the best bank to loan with and he found Ashley Tan from #uobprivilegebanking who truly made my experience a smooth sailing one. They are literally extraordinary 😭🙏🏻 Honestly so grateful for this experience – all of these wouldn’t have happened without them. To all self employed in SG, CPF contribution is sooo important to give us a head start 🏦 Lets keep working on becoming better than yesterday and be the best version of yourself!! #property#propertyinvesting#sgtiktok#smallbusinessowner#hustle♬ Home – Edward Sharpe & The Magnetic Zeros