Singaporeans should live within their means
-
toopid totoOriginally posted by Ito_^:chant manimanihom 5000 times everyday.
-
Oxford Mushroom's advice is sound and logical for anyone who wants a dept free and trouble free lifestyle.
But on the other hand, I can also see WHY, people tend to risk everything by oervstretchingor over-committing themselves; I mean, why would people in general (Masters of not Masters) want to watch our gov and their ministers draw muilti million dollar salaries, the elites living it up, and the papers calling our country Wordl Class, - ... while they have to scrounge and stinge and live a measured life?
The Gap, was created by them - it is widening as the years go by... -
How many of the singaporeans are MASTERs holder, most of us are held by masters (loans, daily expenses, etc, etc)
And talk about buying a toyota instead of BM and pay it with cash. Maybe this is the top 20% telling the rest 80% that its easy to own a car in singapore...
Please be realistic, most of us are taking public transport, daily. And any price hike will really hurt, i mean as little as S$0.05 -
actually, sometimes it's makes better economic sense to take loans,...
e.g. if u buy car for $100k, and can pay cash....but if u take a $30k loan and pay 3.5% interest, u can actually tk the $30k and do some investment that may yield more than 3.5%, net net u make a gain. of cos u do tis when u r not stretched....
or if an item gives u a interest free payment, u cld use the spare cash and put in timedeposit. yr money actually generate interest for u which u other wise will not get if u pay for it all in cash... -
It's only possible if you're a business owner. As a business owner, there are many places to hid your money. You declare your own salary and that S500 Merc you're driving can be a company car.Originally posted by ShutterBug:You know, there are people out there, who are making so much money, they own and drive more than 2 branded cars, live luxuriously but are staying in a 3 room flat.
These people are making 'invisible money' - money the gov doesn't know about.
And I think these are the people, most people should become like.
You can't do that as an employee. -
Heheheheee...Originally posted by anonymouscoward:It's only possible if you're a business owner. As a business owner, there are many places to hid your money. You declare your own salary and that S500 Merc you're driving can be a company car.
You can't do that as an employee.
yes.. I was refering to business owners... or, property agents who are REALLY good, and as well the bookies... they are into business too.. it's just illegal because gov says so...
Nothing is wrong until they say it is...
-
lets be practical,how many ppl really take their savings to invest,not manyOriginally posted by weiqimun:actually, sometimes it's makes better economic sense to take loans,...
e.g. if u buy car for $100k, and can pay cash....but if u take a $30k loan and pay 3.5% interest, u can actually tk the $30k and do some investment that may yield more than 3.5%, net net u make a gain. of cos u do tis when u r not stretched....
or if an item gives u a interest free payment, u cld use the spare cash and put in timedeposit. yr money actually generate interest for u which u other wise will not get if u pay for it all in cash...
many are juz taking loans becuz its a easy and conveinent to obtain what u want -
I do! I park 40-50% of my money in investment. My UT returns an average of 15% per annum.Originally posted by 0lala:lets be practical,how many ppl really take their savings to invest,not many
many are juz taking loans becuz its a easy and conveinent to obtain what u want -
what fund is that?
-
Aberdeen Asia Pacific Equity, First State Regional China, First State Regional India, Lion Capital India, Legg Mason ASEAN Enterprise TrustOriginally posted by Rock^Star:what fund is that?