95% of Singaporeans are in debt
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Well, that's my rough estimation lol. From tuition loans to cars to HDBs and landed property.
We have great cars on the roads. Our cars look newer than those in any other country in the world. But it's a mountain of debt on every car. And the COE rule ensures that the cars on our road look evergreen and ultimately, makes us look like a rich nation with rich people when foreigners visit.
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Debt filled Singapore.
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Make it simple, those not in debt raise your hand
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I still hve my tuition loan at 2.6% interest :(
But I put that money into SPH for 6.8% divvy yield :)
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look at the bank profits and you know.
how much are they paying for saving interest? 1%?
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so what's the meaning of life? Study hard and work your ass off the next 30 years to pay debts.
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well, you can alway write it off as bad debts
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I am in debt, my CC statement only comes on the 18th.
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Seriously, I have no debts owned to any external bodies at all, just the debts that I repay my parents every month.
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Library fine.. 30 bucks~ =(
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By debts, I guess net debts after taking into account total assets - total liabilities.
CC bills, if your networth can easily cover, isn't a debt.
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Economic statics shows that a healthy economy must have a balance of +++ and ---.
I thought it works with Singaporeans too? Those not in debts are either people without a family without commitment or without a job for spendings.
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Originally posted by Marco_Simone:
Seriously, I have no debts owned to any external bodies at all, just the debts that I repay my parents every month.
I'm sure you will get one soon as you progress in life :)
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Originally posted by PracticalBoy:
Economic statics shows that a healthy economy must have a balance of +++ and ---.
I thought it works with Singaporeans too? Those not in debts are either people without a family without commitment or without a job for spendings.
Yes, I dont have a family now and I spend within my means...but yes, that might change in the years to come...
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I'm not in any debts. In fact, my friend own me $100.
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Originally posted by Paisley:
I'm not in any debts. In fact, my friend own me $100.
Own you for 100 bucks ? Pretty cheap I must say. LOL!
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Yeah we're all probably in debt
But...most of the time people with mountains of debts lack financial sense, and do not spend within their means. So in the end who is to blame?
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Originally posted by Paisley:
I'm not in any debts. In fact, my friend own me $100.
i got no debt too.
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In sg, one has no debt because he or she is likely to be still studying, single with no car or house to his/her name or is super rich. 95% is likely to go through a mountain of debt in their lifetime.
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Originally posted by HeiHao:
i got no debt too.
Good for u. -
Originally posted by -StarDust-:
Good for u.hahaha thanks
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Originally posted by dragg:
look at the bank profits and you know.
how much are they paying for saving interest? 1%?
hallo? people's banl posb lowest is now about 0.7 percent -
i don't care i in debts. as long as i can drive my luxury car on the road i happy show off. after all i can show off everytime i start engine and cry only that day in tge month when i receive the loan bills statement
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yeah, life is too short to worry about debts, enjoy first, see those old uncles drove luxury thru loan...they dun care, cos once they die, no more loan liao
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2cents credit card debt..
