š„ If your net worth is over USD 1 Mio, you are already in the Top 8.5% of the HK population
š UBS just published a report that there were 629k people in HK that own more than USD 1 Mio net asset value.
( ā Useful statistics for Private Bankers to hunt for new clients or to check whether your client pool is big enough)
If your property is paid off with value over USD 1 Mio, you are already in the top 8.5% bracket!
š¦ The FS industry in HK employs about 270k people in 2022.
Referring to my previous article, anyone who earns more than HK$ 1 Mio will easily save up to USD 1 Mio Net worth in 10-15 yearsā time.
š” How do you achieve to be the top 8.5% in HK?
1)Ā Land a high paid job with monthly salary of HK$77k
Ā (assuming 12 months + 1 month bonus)
2)Ā Run a business or have a side gig that generates over HK$ 1 mio
š® How do you land a high paid job?
šØ šØ Pick a lucrative industry!
-Ā Ā Ā Ā Ā Ā FS Industry (Banking/PE/Asset Mgnt/VC)
-Ā Ā Ā Ā Ā Ā Legal
-Ā Ā Ā Ā Ā Ā Doctor
-Ā Ā Ā Ā Ā Ā Government Officials
-Ā Ā Ā Ā Ā Ā C levels
-Ā Ā Ā Ā Ā Ā Start Up that eventually get listed and you hold stock options
-Ā Ā Ā Ā Ā Ā Sales
š§ What do you think?
What other ways that you believe can put us in the high income bracket?
I would love to hear your thoughts!
āØ For more career & personal growth tips, please visit my site at
Ā
I wrote a guide on:
š Fixing your CV & LinkedIn in 1 Day:
Link:Ā https://lnkd.in/ggNqAK87
š„ Negotiate for salary increase or promotion!
Link:Ā https://lnkd.in/grB-GmX8
š Interview Preparation For Success:
Link:Ā https://lnkd.in/ghaJcDy4
š JUPAS University Interview Admission Tips
Link:Ā https://lnkd.in/gj4gz5tF
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