Singapore govt best in world.
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The problems of Singapore lie with Singaporeans not planing their finances and not on the govt.
1. CPF
CPF is a scheme to help people save.
The reality is that few people save thus we need CPF to make them save.
Solution: Pay off all debts and never spend beyond yr means.
Only buy house when u have cash.
No cash pls don't buy a pseudo asset which does not generate income(house)
2. HDB
Why did HDB prices rise?
Because Singaporeans/ PRs were willing to pay high price
Whose fault? Singaporean's fault
Why did HDB prices fall?
Because Singaporeans/PRs were only willing to pay low prices and sellers were desperate as they overstretched themselves.
Whose fault?
Singaporean's fault.
3. Cost of living
The cost of living only rises when everybody is willing to pay high prices for non-essential.
Eg. Cinema at $8.50
If nobody willing to pay $8.50 to watch movie, then movie prices won't go up so much
Again. SIngaporean's fault
To conclude, u have only yrself to blame for getting yrself in debts
Thus, pls review yr financial statement and live below yr means to gather asset so as to be able to retire. -
this kind of thing u can also say... pui pui pui!
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CPF not helping ppl to save, it's forcing=if u go to a bank and u say u want to deposit money there.. and the tell u can only take it out when u are 62.. will u use that bank??? it's about customer's rights and choice here........Originally posted by Game1980:The problems of Singapore lie with Singaporeans not planing their finances and not on the govt.
1. CPF
CPF is a scheme to help people save.
The reality is that few people save thus we need CPF to make them save.
Solution: Pay off all debts and never spend beyond yr means.
Only buy house when u have cash.
No cash pls don't buy a pseudo asset which does not generate income(house)
buying house with cash is one of the most stupid things to do if u know how to invest u can easily earn more then the loan interest u are paying...it's about Opportunity cost
I'm not willing to pay.... but do i have a choice??? u dun buy u live where???
2. HDB
Why did HDB prices rise?
Because Singaporeans/ PRs were willing to pay high price
Whose fault? Singaporean's fault
the supply is higher than demand in flats..... u know how many new flats are still unsold this few yrs??
Why did HDB prices fall?
Because Singaporeans/PRs were only willing to pay low prices and sellers were desperate as they overstretched themselves.Whose fault?
Singaporean's fault.
Cinema is not a Necessity here......cost of living for poor ppl are about .....e.g water, electricity, transportation....if we dun pay what ever prices they say... u think we got a choice???
3. Cost of living
The cost of living only rises when everybody is willing to pay high prices for non-essential.
Eg. Cinema at $8.50
If nobody willing to pay $8.50 to watch movie, then movie prices won't go up so much
Again. SIngaporean's fault
To conclude......yes... i blame myself for not studying hard and not a scholar or an elite and cannot shake leg in a big office making decision that have a impact on ppl's life that they dun understand.....
To conclude, u have only yrself to blame for getting yrself in debts
Thus, pls review yr financial statement and live below yr means to gather asset so as to be able to retire. -
As mentioned earlier, people don't like to save.
They like to spend so CPF make them save but it is not enough, they must save more. -
let me continue....
old ah pek go geylang find chicken...must pay $40 why? cause they willing to pay mah....so whoese fault? Singaporean fault...
Hong Kee one packet $9.50...if you don't want to pay then dont smoke lor...nobody forcing you...again whoese fault? Singaporean fault.
Car very expensive must pay $30k for a stupid piece of paper right? nobody force you to drive...can always take taxi or Bus...whose fault? Singaporean fault.
You go LJS pay $5.50 for fries bigger than chicken...why? cause u hungry mah...don't want to eat what your mother cook...so whose fault? your fault lah...singaporean fault.
So if you dont want to pay all the high prices for all the shit...pls learn to live within your means...does not mean your friend go geylang you also must go...does not mean your friend eat LJS you also must eat... -
its funny how the garmen should be so seperated from normal people till the point of sheer discrimination, what is singapore without its people?
anyways, i agree with the hdb part, live within your own means, future things should be dealt with in the future, the idea of "easily earning it back" is making people weak and greedy. -
Will you be suing your econs lecturer (if any)? I can recommend a good lawyer.Originally posted by Game1980:The problems of Singapore lie with Singaporeans not planing their finances and not on the govt.
1. CPF
CPF is a scheme to help people save.
The reality is that few people save thus we need CPF to make them save.
Solution: Pay off all debts and never spend beyond yr means.
Only buy house when u have cash.
No cash pls don't buy a pseudo asset which does not generate income(house)
2. HDB
Why did HDB prices rise?
Because Singaporeans/ PRs were willing to pay high price
Whose fault? Singaporean's fault
Why did HDB prices fall?
Because Singaporeans/PRs were only willing to pay low prices and sellers were desperate as they overstretched themselves.
Whose fault?
Singaporean's fault.
3. Cost of living
The cost of living only rises when everybody is willing to pay high prices for non-essential.
Eg. Cinema at $8.50
If nobody willing to pay $8.50 to watch movie, then movie prices won't go up so much
Again. SIngaporean's fault
To conclude, u have only yrself to blame for getting yrself in debts
Thus, pls review yr financial statement and live below yr means to gather asset so as to be able to retire.
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Save so much money for what,for the government to spend away is it?Already CPF money get blocked by them,since they have raised the minimum sum,i think until i died i also cannot take all my money out.ITS MY HARD EARN MONEY,mind you!!!Other than buying house,my money basically get locked.Originally posted by Game1980:As mentioned earlier, people don't like to save.
They like to spend so CPF make them save but it is not enough, they must save more. -
I don't like the fact about government forcing me to save. But who will take care of the old folks who never save in their life time and do not have children to take care of them (or have children who wouldn't take care of them). Then everyone points their finger at the government. But where will the $$ come from - more taxes. And who will pay the taxes - you!Originally posted by drawer:Save so much money for what,for the government to spend away is it?Already CPF money get blocked by them,since they have raised the minimum sum,i think until i died i also cannot take all my money out.ITS MY HARD EARN MONEY,mind you!!!Other than buying house,my money basically get locked.
Now, would you rather government forcing everyone to save to avoid that scenario or would you rather that you pay more taxes just because someone failed to plan for their old age. Seriously, I rather being forced to save. At least, those $$ are still mine. And since I can buy a house with it, I can still use it in some ways. So, it is still my $$. -
frankly singaporean fault lah. dont blame the govt. why? because singaporean voted them during election.
blame cat , blame dog except blame ourselves.
those that voted for P_P please dont blame anyone. -
If let say the money in CPF can use for other purposes,i agree with u.But you have to understand,now the money can only use to buy house or pay for your "hospitalise fees".Thats all!How are you going to get back ur CPF money when u are in need at old age?Originally posted by Qitai:I don't like the fact about government forcing me to save. But who will take care of the old folks who never save in their life time and do not have children to take care of them (or have children who wouldn't take care of them). Then everyone points their finger at the government. But where will the $$ come from - more taxes. And who will pay the taxes - you!
Now, would you rather government forcing everyone to save to avoid that scenario or would you rather that you pay more taxes just because someone failed to plan for their old age. Seriously, I rather being forced to save. At least, those $$ are still mine. And since I can buy a house with it, I can still use it in some ways. So, it is still my $$. -
Aw c'mon guys..
The gov'ment ain't that bad innit? Just coz they seem to attempt to squeeze every cent out of our pockets doesn't mean they're evil.
The cost of living here in Singapore is very high, I do agree, but at least, compared to Japan, we ain't got that many people jumpin' off of buildings just cos they could cope with the system, right?
We've got a lotta problems (if one may call it that, perhaps tribulations would be a better word?) livin' here in SG. So? Deal with it. Like a wise man once said, "If you can't handle the heat, get outta da kitchen." Oh, wait. That guy died in a shootout with the cops. Guess he ain't that smart after all.
Like my CSM used to say, "Tough times don't last. Tough people do. Now knock it down 40, soldier!!"
Oh dang~ -
It depends on what type of need you are talking about.Originally posted by drawer:If let say the money in CPF can use for other purposes,i agree with u.But you have to understand,now the money can only use to buy house or pay for your "hospitalise fees".Thats all!How are you going to get back ur CPF money when u are in need at old age?
Also, may I refer to some news of old age people being cheated of their life saving moments after they withdraw their CPF $$.
Bascially, it goes back to the question of can you trust people to take care of themselves or not. For the seek of some less-wise people, it might be good idea to still have the forced saving for everyone.
I would agree though, that they should look into giving more flexibility to the usage of CPF $$. But it should still be in the direction of protection for old age.
Personally, I have not even enough $$ in the CPF to completely buy a flat yet. So, having excess $$ in the CPF is not a problem for me. -
whoa suck up to the govt sia
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You are very constructive indeed . . . . . . . . .Originally posted by the.raven:whoa suck up to the govt sia -
There is a large amount of truth in what this guy is saying. But if you want to look at it from a different angle, its because of the class discrimination system that has happened in our society. If you make it to an elite you can have it all!Originally posted by Game1980:The problems of Singapore lie with Singaporeans not planing their finances and not on the govt.
1. CPF
CPF is a scheme to help people save.
The reality is that few people save thus we need CPF to make them save.
Solution: Pay off all debts and never spend beyond yr means.
Only buy house when u have cash.
No cash pls don't buy a pseudo asset which does not generate income(house)
2. HDB
Why did HDB prices rise?
Because Singaporeans/ PRs were willing to pay high price
Whose fault? Singaporean's fault
Why did HDB prices fall?
Because Singaporeans/PRs were only willing to pay low prices and sellers were desperate as they overstretched themselves.
Whose fault?
Singaporean's fault.
3. Cost of living
The cost of living only rises when everybody is willing to pay high prices for non-essential.
Eg. Cinema at $8.50
If nobody willing to pay $8.50 to watch movie, then movie prices won't go up so much
Again. SIngaporean's fault
To conclude, u have only yrself to blame for getting yrself in debts
Thus, pls review yr financial statement and live below yr means to gather asset so as to be able to retire.
And with the rising number of elites, things become more expensive and jobs becomes more few due to them being taken up by degree holder. Of course there are scholarships for those that can get them. But then again, they are usually given to children from ELITE families who don't really need that kind of money. Work hard and save up to study? Ya possible but most will have to study part time. Did I forget to mention that only children from elite family can afford to study full time in u for 3 years and also get a fully sponsored car? You see now? Its a vicious cycle. ELITES are the majority in Singapore and whatever they say will become rite! Why. The majority is always correct what!