Just 32 and already financially independent

Just 32 and already financially independent
Above photo is Mr Damien Pang says he and his wife, fellow financial adviser Isabelle Oh.

Financial adviser Damien Pang was inspired by a client to be financially free by the age of 35.

He said: "There was a lady client who was able to do so through good business acumen coupled with an unassuming lifestyle."

The 32-year-old reckons he has already achieved his goal through a disciplined saving habit and cautious investing.

"When I started out in the financial planning business, I did not want to be just another agent selling financial and insurance plans. Rather, I wanted to be able to live by example to show that it is possible to be financially free early through good and prudent financial discipline," he said.

Mr Pang is married to fellow financial adviser Isabelle Oh and they live with his parents.

The couple met during their student days at the Nanyang Technological University, where he graduated with a degree in business marketing.

He used to work in the luxury division of the L'Oreal group, specialising in marketing for high-end cosmetics and fragrances.

Q: Are you a spender or saver?

I am definitely a saver.

I always hold tightly to the principle of spending what's left after your savings, rather than saving what's left after spending.

I save around 70 per cent of my monthly income.

Whenever I receive my pay, I quickly transfer part of it to a separate bank account so I will not be tempted to spend it.

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