my monthly expenses
1)electricity+water+gas bill=less than 100sgd every month.(always lower than national average,my household has 3adults)
2)no aircon
3)no ipad,iphone,blah blah,only the cheapest 27sgd dinosaur handphone
4)no car,take public transport
5)go to wet market,not supermarket to buy groceries
6)eat plain bread and plain water for breakfast,sometimes oats
7)walk to orchard road by foot to window shop or read books
8)no maid at home,do all the household chores by myself
THIS IS TO SHOW HOW I,A NUS,NATIONAL UNIVERSITY OF SINGAPORE, ECONOMICS AND MATHEMATICS GRADUATE "PUNISH" MYSELF(I DONT FEEL ITS PUNISHING).I DO NOT NEED A JOB TO COMPENSATE LUXURIOUS LIVING.
YET I HAVE THE MONEY TO BUY A ORCHARD ROAD COMMERCIAL PROPERTY IN 2005,BOUGHT OVER $1M sgd WORTH OF SHIPPING STOCKS IN 2012DECEMBER TO 2013.
WHEN ONE ALWAYS BUY LOW,SELL HIGH,HE/SHE DOES NOT NEED A STABLE JOB TO "COMPENSATE" THE LENGHTY TIME FOR WRONG INVESTMENT DECISIONS.IF YOU BUY SINGAPORE PRIVATE PROPERTIES IN 1996,YOU MUST WAIT TILL 2010 TO BREAK EVEN.IF YOU BUY SINGAPORE STOCKS IN 2007,YOU MUST WAIT ANOTHER 10+YEARS TILL NEAR 2020 TO BREAK EVEN,EG.SWIBER AT $3.80,NOL AT $6+,CAPITALAND AT $9,ETC.
majority do not want to start fulltime investing in stocks because it is volatile.yes that i understand due to the low retail participation rate in singapore.but what about property?.much more singaporeans invest in property than stockmarket.EVEN THAT,not many do property investing fulltime.majority treat property OR stockmarket investments as part time SIMPLY BECAUSE OF THEIR SOPHISTICATED CONSUMPTION LIFESTYLE.IF YOU ALWAYS WANT TO REWARD YOURSELF FIRST THRU CONSUMPTION IS MORE IMPORTANT THAN SAVING,HOW ARE YOU GOING TO SURVIVE THRU THE VOLATILTY OF THE STOCKMARKET??
SHAME TO MAJORITY WORKING CLASS WHO LOVE TO BOAST OF THEIR NEWEST CAR MODEL(on loan somemore) WHEN THEIR INVESTMENT PORTFOLIO IS AS TINY AS AN ANT.
that is the reason why i do NOT want to buy a car.imagine i have to squeeze in with a bunch of "LOANERS".the more the majority crave for a product,and it is more of a show-off product than a necessity,i will shun it.the amount i have to pay for a FARKIN piece of paper to own the car FOR ONLY 10YEARS is 5 digits to even $100,000.THIS AMOUNT OF MONEY I RATHER INVEST IN MY OWN BUSINESS OR STOCKMARKET AT LOWS.
I AM MORE THAN CONTEND TO SQUEEZE IN WITH A BUNCH OF SWEATY PEOPLE IN SINGAPORE'S OVERPOPULATED PUBLIC TRANSPORT THAN WITH A BUNCH OF "CAR LOANERS".
YOU MAY THINK THE FARKING PIECE OF PAPER TO OWN A CAR,CALLED THE C.O.E-CERTIFICATE OF ENTITLEMENT REALLY DOES ITS WONDERS OF REDUCING TRAFFIC JAMS??HAHAHA.IT IS JUST FOR SHOW.JACK UP TO 5DIGITS BUT MAKE IT AFFORDABLE TO THE MAJORITY with LOANS AGAIN.THAT EXPLAINS WHY SINGAPORE TRAFFIC JAMS WILL NEVER BE ALLEVIATED.IF C.O.E IS TO REALLY LIVE UP TO ITS DUTY OF SEGREGATING THE HAVES WITH THE HAVE-NOTS,and reducing traffic congestion solely,THEN PLEASE REMOVE THE CAR LOANS ENTIRELY.
BEFORE THE SINGAPORE GOVERNMENT CRACKDOWN ON 100% CAR LOANS IN 2013,IT IS DAMN ABSURD THAT ONE DOES NOT NEED TO FORK OUT A CENT AND THE CAR IS YOURS FOR FREE(BUT WITH HIGHER MONTHLY REPAYMENT AND INTEREST)
WARREN BUFFETT ALSO LIVE SIMPLY.I FULLY RESPECT WARREN BUFFETT's MENTALITY AND HIS WAY OF LIVING.IT IS SIMPLY ME!!
THANK YOU
1)electricity+water+gas bill=less than 100sgd every month.(always lower than national average,my household has 3adults)
2)no aircon
3)no ipad,iphone,blah blah,only the cheapest 27sgd dinosaur handphone
4)no car,take public transport
5)go to wet market,not supermarket to buy groceries
6)eat plain bread and plain water for breakfast,sometimes oats
7)walk to orchard road by foot to window shop or read books
8)no maid at home,do all the household chores by myself
THIS IS TO SHOW HOW I,A NUS,NATIONAL UNIVERSITY OF SINGAPORE, ECONOMICS AND MATHEMATICS GRADUATE "PUNISH" MYSELF(I DONT FEEL ITS PUNISHING).I DO NOT NEED A JOB TO COMPENSATE LUXURIOUS LIVING.
YET I HAVE THE MONEY TO BUY A ORCHARD ROAD COMMERCIAL PROPERTY IN 2005,BOUGHT OVER $1M sgd WORTH OF SHIPPING STOCKS IN 2012DECEMBER TO 2013.
WHEN ONE ALWAYS BUY LOW,SELL HIGH,HE/SHE DOES NOT NEED A STABLE JOB TO "COMPENSATE" THE LENGHTY TIME FOR WRONG INVESTMENT DECISIONS.IF YOU BUY SINGAPORE PRIVATE PROPERTIES IN 1996,YOU MUST WAIT TILL 2010 TO BREAK EVEN.IF YOU BUY SINGAPORE STOCKS IN 2007,YOU MUST WAIT ANOTHER 10+YEARS TILL NEAR 2020 TO BREAK EVEN,EG.SWIBER AT $3.80,NOL AT $6+,CAPITALAND AT $9,ETC.
majority do not want to start fulltime investing in stocks because it is volatile.yes that i understand due to the low retail participation rate in singapore.but what about property?.much more singaporeans invest in property than stockmarket.EVEN THAT,not many do property investing fulltime.majority treat property OR stockmarket investments as part time SIMPLY BECAUSE OF THEIR SOPHISTICATED CONSUMPTION LIFESTYLE.IF YOU ALWAYS WANT TO REWARD YOURSELF FIRST THRU CONSUMPTION IS MORE IMPORTANT THAN SAVING,HOW ARE YOU GOING TO SURVIVE THRU THE VOLATILTY OF THE STOCKMARKET??
SHAME TO MAJORITY WORKING CLASS WHO LOVE TO BOAST OF THEIR NEWEST CAR MODEL(on loan somemore) WHEN THEIR INVESTMENT PORTFOLIO IS AS TINY AS AN ANT.
that is the reason why i do NOT want to buy a car.imagine i have to squeeze in with a bunch of "LOANERS".the more the majority crave for a product,and it is more of a show-off product than a necessity,i will shun it.the amount i have to pay for a FARKIN piece of paper to own the car FOR ONLY 10YEARS is 5 digits to even $100,000.THIS AMOUNT OF MONEY I RATHER INVEST IN MY OWN BUSINESS OR STOCKMARKET AT LOWS.
I AM MORE THAN CONTEND TO SQUEEZE IN WITH A BUNCH OF SWEATY PEOPLE IN SINGAPORE'S OVERPOPULATED PUBLIC TRANSPORT THAN WITH A BUNCH OF "CAR LOANERS".
YOU MAY THINK THE FARKING PIECE OF PAPER TO OWN A CAR,CALLED THE C.O.E-CERTIFICATE OF ENTITLEMENT REALLY DOES ITS WONDERS OF REDUCING TRAFFIC JAMS??HAHAHA.IT IS JUST FOR SHOW.JACK UP TO 5DIGITS BUT MAKE IT AFFORDABLE TO THE MAJORITY with LOANS AGAIN.THAT EXPLAINS WHY SINGAPORE TRAFFIC JAMS WILL NEVER BE ALLEVIATED.IF C.O.E IS TO REALLY LIVE UP TO ITS DUTY OF SEGREGATING THE HAVES WITH THE HAVE-NOTS,and reducing traffic congestion solely,THEN PLEASE REMOVE THE CAR LOANS ENTIRELY.
BEFORE THE SINGAPORE GOVERNMENT CRACKDOWN ON 100% CAR LOANS IN 2013,IT IS DAMN ABSURD THAT ONE DOES NOT NEED TO FORK OUT A CENT AND THE CAR IS YOURS FOR FREE(BUT WITH HIGHER MONTHLY REPAYMENT AND INTEREST)
WARREN BUFFETT ALSO LIVE SIMPLY.I FULLY RESPECT WARREN BUFFETT's MENTALITY AND HIS WAY OF LIVING.IT IS SIMPLY ME!!
THANK YOU
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