S'pore will have more millionaires per population v US, China by 2030: HSBC

[Spidey10]

18 hours ago, Throttle2 said:

And thats what it is , here in Singapore.

which is driving people to retire outside.

Damn sad, right? 
 

 

yah man! 

[Enye]

to show that you are a millionaire, just a simple label on your atas car will do

🤣

[Wt_know]

ya'll mai cowpeh la ...

hearsay, $80K can start own DIAMOND brand liao 

but your laopeh must be multi-multi-multi-millionaire la ....

[ER-3682]

I just ask Bank,Fixed Deposit 2.1%...put $1Million..earn $21,000.

[serenade]

Misleading stats since the fully paid home is included in the net worth of a person. Once you own a fully paid HDB flat, you are already half-way to being a millionaire or more. Own private property, you are a millionaire.

What the article does not say is that among we citizens, many are asset-rich but cash poor. Own $1+ mio or $2 mio in property value, but maybe have less that 6-months of expenses in savings. What is more scary that the article does not state is that many of the asset rich/cash poor are already middle-aged. Who do not have much time left to accumulate cash for their retirement years. We cannot live on bricks .

 

 

 

[Victor68]

8 minutes ago, ER-3682 said:

I just ask Bank,Fixed Deposit 2.1%...put $1Million..earn $21,000.

This may not meet inflation rate hor. Meaning your capital sum shrinking by the days 😂 let financial expert explain better.

[Lala81]

1 hour ago, Wt_know said:

ya'll mai cowpeh la ...

hearsay, $80K can start own DIAMOND brand liao 

but your laopeh must be multi-multi-multi-millionaire la ....

she's bit too skinny nowadays. She was really very sweet back then when i bought my engagement ring back then in 2009.

Can hardly recognise her now. 

 

Edited August 19, 2022 by Lala81

[ER-3682]

2 hours ago, Victor68 said:

This may not meet inflation rate hor. Meaning your capital sum shrinking by the days 😂 let financial expert explain better.

Better than 0.75% last year.

[Arogab]

Don't worry. Let me tell all of you a real life story. 

I have 2 friends, both are multi-millionaires. But one has a good family, will always buy good dinner (example me, my wife and him plus 2 other friends of 5) about 2k each time when I am back and always with lots of friends. The other will never have a chance to eat with anyone of us and like always busy, many women comes after him and family problems and business. 

Verdict: I will say I got one multi-millionaire friend only. 

BTW, Jack Neo many years ago already telling the scenario that most Singaporeans are millionaires liao. What so big deal. Must be multi-millionaire then ok hor, 2M/3M no count lah.🤣

[DOBIEMKZ]

7 minutes ago, Arogab said:

Don't worry. Let me tell all of you a real life story. 

I have 2 friends, both are multi-millionaires. But one has a good family, will always buy good dinner (example me, my wife and him plus 2 other friends of 5) about 2k each time when I am back and always with lots of friends. The other will never have a chance to eat with anyone of us and like always busy, many women comes after him and family problems and business. 

Verdict: I will say I got one multi-millionaire friend only. 

BTW, Jack Neo many years ago already telling the scenario that most Singaporeans are millionaires liao. What so big deal. Must be multi-millionaire then ok hor, 2M/3M no count lah.🤣

Books should be few and well-chosen; so that we can learn things new and valuable and widen our knowledge.

Friends should be few but good; so that we have moral compass to refer to and take relieve that they are not out to condemn you, but to help you in times of difficulty.

“If you only read the books that everyone is reading, you can only think what everyone else is thinking.”

[Dp26]

1 hour ago, Arogab said:

 

BTW, Jack Neo many years ago already telling the scenario that most Singaporeans are millionaires liao. What so big deal. Must be multi-millionaire then ok hor, 2M/3M no count lah.🤣

Exactly. Millionaire not much a big deal nowadays if it’s a single or 2 million. 
 

 

 

 

[Wt_know]

$1M is just a pinky

reach the Thumb then talk … lol

[Ginyu]

2 hours ago, Dp26 said:

Exactly. Millionaire not much a big deal nowadays if it’s a single or 2 million. 
 

 

 

 

Is still a big deal for poor peasants like us. With a 1 or 2mil  spare cash, can buy us things that we like lei 😂 envy those who can withdraw 1 or 2mil anytime to spend so no big deal for them

Edited August 19, 2022 by Ginyu

[Throttle2]

8 hours ago, serenade said:

Misleading stats since the fully paid home is included in the net worth of a person. Once you own a fully paid HDB flat, you are already half-way to being a millionaire or more. Own private property, you are a millionaire.

What the article does not say is that among we citizens, many are asset-rich but cash poor. Own $1+ mio or $2 mio in property value, but maybe have less that 6-months of expenses in savings. What is more scary that the article does not state is that many of the asset rich/cash poor are already middle-aged. Who do not have much time left to accumulate cash for their retirement years. We cannot live on bricks .

 

 

 

So sad…….

muayhahahahaha😄

in the end sell the property and buy HDB lor.  Thats whays happening

[Throttle2]

4 hours ago, Arogab said:

Don't worry. Let me tell all of you a real life story. 

I have 2 friends, both are multi-millionaires. But one has a good family, will always buy good dinner (example me, my wife and him plus 2 other friends of 5) about 2k each time when I am back and always with lots of friends. The other will never have a chance to eat with anyone of us and like always busy, many women comes after him and family problems and business. 

Verdict: I will say I got one multi-millionaire friend only. 

BTW, Jack Neo many years ago already telling the scenario that most Singaporeans are millionaires liao. What so big deal. Must be multi-millionaire then ok hor, 2M/3M no count lah.🤣

$2m $3m networth?
a dime a dozen leh

[Throttle2]

1 hour ago, Wt_know said:

$1M is just a pinky

reach the Thumb then talk … lol

yeah, to just take $1mil and spend is pretty common, no big deal.

thats why i say, buy cars with cash also no big deal.  No need to take simi lanjiao loan leh.  

[sake]

For those with spare cash

Sotheby's auction in Singapore on 28 Aug

No gst payable

Buyer's premium is 25% on the hammer price up to SGD 1.4 mil

full cash, no loan available

https://www.sothebys.com/en/digital-catalogues/modern-contemporary-auction-singapore

[Dp26]

19 hours ago, Ginyu said:

Is still a big deal for poor peasants like us. With a 1 or 2mil  spare cash, can buy us things that we like lei 😂 envy those who can withdraw 1 or 2mil anytime to spend so no big deal for them

Eh 1m millionaire or 2m millionaire take out 1 or 2 million spend means tng kor Liao. 
 

u know anyone that likes to tng kor meh?