Fast growth in 'emerging affluent' class in Singapore

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#21
In my humble opinion, emerging affluent are people who has worked hard, saved and invested their money wisely minus the snobs.
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#22
To me, Snobs are usually people born with high IQ and they think the rest average IQ & below are "parasites" or what nots of this world. Sorry if i offenced some high IQs who are not SNOBs. They just can not "lower themselves to your IQ" to communicate with you. i usually, simply let them think they are from a different planet or something like that. Ha! Ha! After all they think i am. Isn't it?
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#23
(05-04-2013, 09:19 PM)Temperament Wrote: To me, Snobs are usually people born with high IQ and they think the rest average IQ & below are "parasites" or what nots of this world. Sorry if i offenced some high IQs who are not SNOBs. They just can not "lower themselves to your IQ" to communicate with you. i usually, simply let them think they are from a different planet or something like that. Ha! Ha! After all they think i am. Isn't it?
I disagree. Snobs are usually pp with poor family upbringing.
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#24
(05-04-2013, 11:04 AM)Musicwhiz Wrote:
(05-04-2013, 10:58 AM)greengiraffe Wrote: Be sure to think of using them wisely. Singaporeans will find it difficult to appreciate it but should you have an opportunity to live in a bigger country, then you will appreciate the power of money better.

Why would this be so? Care to explain?

Singapore is a cosmopolitan city state. Seriously what can $1m or even $2m buy you these days?

A high end HDB flat in prime districts like Mei Ling Street and Bishan costs in excess of S$1m. A get around car costs at least $120 - $130k.

Singaporeans may be earning a lot more but the amount of time being ploughed into work is rediculous - can you tell me is there any work place in Singapore where ALL employees leave at the official end work time?

In a big country like US and Australia, you have choices of lifestyle. You may not make as much after taxes but certainly cost of basic big items are significantly lower - houses and cars. In these countries, at least in Australia where I know of friends who can leave punctually and have family time not that all things get done efficiently and structurally but eventually after hiccups problems get sorted out or better still forgotten forever. For holidays, it is not uncommon for employees to go for month long compulsory breaks and they can easily go for drive tours to National Parks within their own states or across states within the same country.

That is what I meant by the power of smaller income (after taxes) in bigger countries. Got to live in one to better appreciate it if the opportunities arises.

GG
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#25
(05-04-2013, 11:14 PM)greengiraffe Wrote: can you tell me is there any work place in Singapore where ALL employees leave at the official end work time?

GG

It's all about value add and the profits you can generate for the company. All employees leave on time (if not slightly earlier) in my company... then again, maybe it's a long term strategy or industry trend but definitely not local management skill that leads to such a level of profit margin that allow this much slack.
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#26
(05-04-2013, 11:14 PM)greengiraffe Wrote: Singapore is a cosmopolitan city state. Seriously what can $1m or even $2m buy you these days?

A high end HDB flat in prime districts like Mei Ling Street and Bishan costs in excess of S$1m. A get around car costs at least $120 - $130k.

Singaporeans may be earning a lot more but the amount of time being ploughed into work is rediculous - can you tell me is there any work place in Singapore where ALL employees leave at the official end work time?

In a big country like US and Australia, you have choices of lifestyle. You may not make as much after taxes but certainly cost of basic big items are significantly lower - houses and cars. In these countries, at least in Australia where I know of friends who can leave punctually and have family time not that all things get done efficiently and structurally but eventually after hiccups problems get sorted out or better still forgotten forever. For holidays, it is not uncommon for employees to go for month long compulsory breaks and they can easily go for drive tours to National Parks within their own states or across states within the same country.

That is what I meant by the power of smaller income (after taxes) in bigger countries. Got to live in one to better appreciate it if the opportunities arises.

GG
Mr Ong

Singapore cannot be the best in everything lah! If many more things are in our favour, perhaps our population would have been 6.9 million by now!Big Grin

If the main focus is on housing and cars, I would agree with you. On the other hand, there are walk arounds. For example, rent out the HDB flat for 3k plus. Top up 1k or so, one would be able to stay in a landed property. Alternatively, one can also buy many nice cars at <10k annual depreciation, IF one is willing to look at second hand cars. Cool

Time for me to smell some roses and read some books.Tongue
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#27
(05-04-2013, 10:55 PM)Bibi Wrote:
(05-04-2013, 09:19 PM)Temperament Wrote: To me, Snobs are usually people born with high IQ and they think the rest average IQ & below are "parasites" or what nots of this world. Sorry if i offenced some high IQs who are not SNOBs. They just can not "lower themselves to your IQ" to communicate with you. i usually, simply let them think they are from a different planet or something like that. Ha! Ha! After all they think i am. Isn't it?
I disagree. Snobs are usually pp with poor family upbringing.
Yes. Most probably. Until they realise that many other ordinary people can be successful in their own ways. And not less happy too.
Cheers!
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Reply
#28
Well, snobs are usually people who think they are much better than others, and will ignore the so-called underclass or treat them badly. I've met a few in my life and they have all left a very lousy taste in my mouth.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#29
(06-04-2013, 12:14 PM)Musicwhiz Wrote: Well, snobs are usually people who think they are much better than others, and will ignore the so-called underclass or treat them badly. I've met a few in my life and they have all left a very lousy taste in my mouth.
Yes! we all can't escape the Chinese saying:-
“道 不 同 不 相 为 谋,志 不 同 不 相 为 友”
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Reply


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