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I have recently attended few financial course previews like t3b system they all keep telling me their founder are multi-millionaire i too embarass to ask them, what is actually a multi-millionaire (singapore dollars) if more than 1 million considered multi-millionaire or more than 2 million if the latter is the definition, then we have many many multi-millionaires in Singapore, many properties (private) are more than 2 million nowadays look at silversea (district 15) some medium size units are going for $4 million i dont understand my fellow singaporeans what is important in buying a property priority - size - to accomodate family location - near amenities and public transport (like MRT) some of colleagues give up their executive mansionate (about 1300-1400 sq feet) in Serangoon to buy a small apartment (condo- 1100 sq feet) now they have to "starve" to pay mortgage and move to a smaller flat further more when the interest rate increase they are going to lau sai so there are many multi-millionaires in singapore but how many are truly financially independent I am not