Multi-Millionaire Puzzled Why Sporeans Have No $ to Save for Rainy Days Woh!

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Coffeeshop Chit Chat - Singaporeans are too spendrift!!!!![/TD]
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[TD="class: msgtxt"][h=3]Aug 7, 2011[/h][h=1]Singaporeans should save for rainy days: Khaw[/h]<!-- by line -->By Jalelah Abu Baker
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[h=4]Amidst the recent American stock crash and debt crisis in Europe, Mr Khaw (above) reminded Singaporeans that spending more than one earns is unwise, and that even a saving of $100 per month out of $1,000 would go a long way in sheltering him during rainy days. -- ST PHOTO: JOYCE FANG[/h]<!-- story content : start -->THE economic uncertainties in the rest of the world affect Singapore swiftly, and Singaporeans should be prudent about saving for hard times.
This was National Development Minister Khaw Boon Wan's message to Singaporeans, at the sidelines of a national day observance ceremony held in Sembawang on Sunday, which held the theme of a 'kampong spirit'.
Amidst the recent American stock crash and debt crisis in Europe, Mr Khaw reminded Singaporeans that spending more than one earns is unwise, and that even a saving of $100 per month out of $1,000 would go a long way in sheltering him during rainy days.
'Sometimes you get fine weather, sometimes rainy. But if you have always saved for the rainy day, you'll be pretty steady and safe,' he told reporters. His comments come a day after Deputy Prime Minister Tharman Shanmugaratnam warned Singaporeans that the going will be tough in the next three to four years, with slow growth and possible bouts of recessions in the most advanced economies.
Bringing closer to home the possibilities of uncertainties, Mr Khaw mentioned that even for Japan, which is generally very good at saving, the economy can be disrupted by natural disasters which are 'beyond human control'. He however faulted the lack of political leadership in the country for always trying to be popular, and not rallying the people to do the right thing.
'To lead, you must be able to see first further, and tell people what is unpleasant sometimes,' he said. 'I try to say what's right,' he added. 'Pleasant or unpleasant to me, is not as important as what is right, what is rational.'
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[TD="class: msgtxt"]Frankly, with the high cost of living and a stagnant salary and wage, how much can you really save!!!
But of course, if you are drawing thousands and millions, you certainly have plenty to save...and every month you look at your cpf, you very lich!!!!
Once again...another lecture and another whip for you Singaporeans......just lookj around at Singaporeans, esp the elderly ones ...searching and scavenging the bills and the cardboard ladies and the toilet uncles and aunties...
How much have lost ....billions in toxic investments???? We saved, yes, we saved....but where is our money???...Why can't we withdraw our money from our CPF??? Why raise minimum sum? Why keep on changing goal posts!!! Why????
Save for what!!!!! For a golden coffin????????...shitology!!!

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