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'Over time, my thinking changed into how I can make money better because a lot of people were just thinking of how money isn't easy to earn, and money is hard to save as well.

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I realised the importance of money,' said Chong.Īlso read: La Bottega Enoteca's chef-owner gave up 5-figure salary for 'much harder' but 'happier' lifeĪlso read: From salaryman to earning 6-figures per month: Great Nanyang boss shares his journeyĪlso read: How Nam Kee Chicken Rice brother sold Lamborghini to save family legacyīy the time Chong reached post-secondary education, he started thinking about how to make money more effectively. 'My dad felt guilty because he couldn't explain why we were not doing as well as others. It was like, 'How are you able to get so much?'' Chong recalled. 'I could see that my friends were buying more things than me in the canteen. The experience profoundly impacted Chong, who was 13 years old at the time and had just begun secondary school. He had to dip into Chong's savings and that of Chong's two siblings. Value of moneyĬhong told Yahoo Finance Singapore that his constant strive for financial independence is a result of growing up in a household impacted by the 2008 financial crisis.Īt the time, Chong witnessed his father, who was a business owner in the shipping industry, struggle to keep the business afloat. In 2023, Chong launched two other companies: facilities management firm Oscar Facilities Service and Artificial Intelligence (AI)-driven property search engine AskProp. In 2021, he founded HustleVenture – a newsletter and website that promotes financial literacy and content on starting side businesses – after leaving his full-time job as a real estate analyst. Chong had also dabbled in options trading and ventured into the vending machine business.Ĭhong then used his savings to start businesses – now 26, Chong is the founder of three companies. This ranged from working part-time at banquets and trading items on Carousell to being a pet sitter and real estate analyst while he was still studying. He had built up this sum over the course of five years through various odd jobs and side hustles since he was 19.

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SINGAPORE - While many people in their early 20s are finding their career footing, serial entrepreneur Edmund Chong was already establishing multiple income streams and setting up his own businesses.Īt 24 years old, Chong said he had accumulated a net worth of about S$100,000, comprising cash and investments in stocks. Edmund Chong, entrepreneur and founder of HustleVenture, on how he made S$100,000 by the time he turned 24.

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