savings

[Leongsam]

Good point boss. I have been "investing" in myself too.

The problem with your investment is that the returns will kill you.

[gz0707]

agree with sam's post. lots of pp I know live glamorously, in million dollar apt but are leveraged to the hilt. i tried to explain the numbers which did not make sense to me, but gave up after a while. the previous generation were not so credit dependent, some are living simply, even after retirement with fully paid up apts.

[erection2011]

aiyo .....investing in a dangerous recipe leh bro.

Good point boss. I have been "investing" in myself too.

2 breakfasts every morning (at 8am and 10.30am)
1 lunch (at 1pm)
1 tea-break (at 4pm)
1 dinner (at 7pm)
1 supper (at 10pm)
and ends off with a nice warm milk just before sleep so that I sleep well.

[BuiKia]

You mean your name not sammy meh?

It isn't really bragging because I'm not revealing my real identity.

[BuiKia]

My returns is happiness. This is the only comfort I get...and shiting too. So shiok when you can shit well.

The problem with your investment is that the returns will kill you.

[erection2011]

BosSam very technical

It isn't really bragging because I'm not revealing my real identity.

[erection2011]

yes yes ...having a good crap is better than having an orgasm

My returns is happiness. This is the only comfort I get...and shiting too. So shiok when you can shit well.

[saratogas]

It is useless to save in Sink, especially if you have elderly parents to take care... The frequent hospital visits will suck you dry!!! That why $$$ is never enough.

[erection2011]

yup ...its very expensive to be chronically ill in sinkiepoor.

It is useless to save in Sink, especially if you have elderly parents to take care... The frequent hospital visits will suck you dry!!! That why $$$ is never enough.

[BuiKia]

That is why MIW say go JB.

It is useless to save in Sink, especially if you have elderly parents to take care... The frequent hospital visits will suck you dry!!! That why $$$ is never enough.

[erection2011]

and as usual no one listens

That is why MIW say go JB.

[gz0707]

can't disagree with that!

[looneytan]

By your mid 40s, you should aim to be financially independent. In Singapore, this should equate to net assets of about $2 million minimum.
$5 million would be ideal.

I had not been able to save in all my life, at 43 I hit Singapore sweep 1st prize twice, the first one one million the second one when they increased the money to two million so I had three million in my bank account. Life is more comfortable now.

However I must agree with Sam that $5 million would be ideal.

[hairylee]

Bro, I used to squandered all my limited income by living high on credit. Learn my lessons and started changing . It was only few years ago that I quit the spending habits,got a better paying job , save hard and channel the money to properties.it is my way of redeeming myself for the poor handling in the past. I have 3 overseas properties at the moment, which is why limited cash now an rebuilding saving again. Feels like a rat on a wheel.

Great and admirable effort in securing your old age.
Do bear in mind to live your present day life as fully as it should cause once time past you by you could not re-live it again.
All your savings and houses cannot compensate for it.

[erection2011]

good observation bro

agree with sam's post. lots of pp I know live glamorously, in million dollar apt but are leveraged to the hilt. i tried to explain the numbers which did not make sense to me, but gave up after a while. the previous generation were not so credit dependent, some are living simply, even after retirement with fully paid up apts.

[johnny333]

Bro, I used to squandered all my limited income by living high on credit. Learn my lessons and started changing . It was only few years ago that I quit the spending habits,got a better paying job , save hard and channel the money to properties.it is my way of redeeming myself for the poor handling in the past. I have 3 overseas properties at the moment, which is why limited cash now an rebuilding saving again. Feels like a rat on a wheel.

Why do you have so many properties I notice that Sporeans always "invest" in properties. Many of my colleagues do that & some have over extended themselves. Until you pay them off these properties are liabilities.

You don't indicate if you have a wife or kids. If you are single why tie yourself down with so many properties
I have considered investing in properties but don't want the headache of being a landlord. I plan to spend more time outside of Spore & I have no plans to invest in a property. If I find a nice place I may buy to live but not as an investment. Once you have a few million you can relax & enjoy yourself, unless of course you decide to spend your whole life in Spore, which I don't

[zhihau]

Good point boss. I have been "investing" in myself too.

bro,
remember, what doesn't kill you makes you stronger

[Boliao]

Why do you have so many properties I notice that Sporeans always "invest" in properties. Many of my colleagues do that & some have over extended themselves. Until you pay them off these properties are liabilities.

Not entirely true. Liabilities and loans are good if you know how to manage them. For example, I can borrow money from the banks in Singapore using short term loan rates and invest in US treasury bonds or US dividends stock that pays higher interests.

The TS needs to elaborate more on his investments. Is he earning rental on his properties? How does his rental rates compare to his loan rates? What is the net value of his properties etc.

While overseas properties are priced lower, they have a higher loan rate and typically slower growth. There are better ways to make money unless you are confidential of asset appreciation.

Properties in Singapore are priced higher but offer great rental and relatively low rates. There are good bargains if you are patient. Just remember to stay away from property launches.

The simplest way of using money to make money is to buy dividends stock or T-bills. Leaving money in the bank is the stupidest thing to do... 95% of my net worth is in liquid-able assets and only 5% in cash in the bank.

[Leongsam]

The simplest way of using money to make money is to buy dividends stock or T-bills. Leaving money in the bank is the stupidest thing to do... 95% of my net worth is in liquid-able assets and only 5% in cash in the bank.

I still think the best returns come from identifying a niche which suits ones own talents and then working very hard in order to monetarise the venture.

If you look at the world's wealthiest men, very few are "investors". Most of them started companies from scratch and worked passionately to make them successful.

The founders of facebook, youtube, paypal, google, yahoo etc all became billionaires in a very short period of time.

These individuals are exceptionally talented. Most of us only have a fraction of the skills that they possess so we have to be content with only a fraction of the success. My net worth is only about 0.015% of what Bill Gates is worth but that still puts me in the "comfortably content" bracket.

[streetsmart73]

Bro, I used to squandered all my limited income by living high on credit. Learn my lessons and started changing . It was only few years ago that I quit the spending habits,got a better paying job , save hard and channel the money to properties.it is my way of redeeming myself for the poor handling in the past. I have 3 overseas properties at the moment, which is why limited cash now an rebuilding saving again. Feels like a rat on a wheel.

hi there


1. bro, take it from me!
2. don't marry & allow some woman takes over.
3. you shall turn into some dead duck instantly.
4. don't worry on the saving part.
5. it shall also grow with time.
6. btw, do you have medical insurance for the ageing process?