Part 8/11:

With the rise of the gig economy, young individuals like Yen, a student adviser and gig worker, sought strategies for retirement planning despite lacking CPF contributions.

• Discipline is Key: Gig workers should contribute systematically to their own retirement savings, especially into their CPF Ordinary and Special Accounts, which offer risk-free interest rates (around 4-5%).

• Think Like a Business Owner: Treat freelance work as a business—constantly seek recurring clients, build a reputation, and earn as much as possible, saving aggressively.

Encouraging Young Adults to Invest Early

Many young adults hesitate to start investing, often due to fear, lack of knowledge, or past negative experiences. Experts recommend: