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beaverjuice

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3 pieces of money advice Singaporeans in their 20s should know
« on: December 26, 2015, 09:14:13 am »
http://business.asiaone.com/news/3-pieces-money-advice-singaporeans-their-20s-should-know

..... i like the last one .....

3. There is no one to impress Singaporean kids are rarely taught by their parents the value of being an individual. Instead, they're always being asked why they can't be more like Aunty Karen's nephew who scored 270 in the PSLE, or the neighbour's daughter who's so well-behaved. Every 90s kid remembers how G-Shock and Baby-G watches were once all the rage. There was always that one kid at school who had multiple G-Shocks, and all his classmates secretly wished they were him. Many Singaporean adults grow up still wanting to be that kid everyone is so impressed by, except now the goalposts have shifted, and instead of a G-Shock watch it's a Rolex with an Audi and a Raffles Place corner office to match. It's the wedding at Capella and Celine handbag, the frequent European holidays painstakingly documented on Facebook and the whiskeys at bars where everyone else is a banker. The terrifying thing is that lots of the glamorous looking people you see in the Marina Bay and Raffles Place area on Friday nights sipping on their martinis with their Prada bags in their laps can barely afford their lifestyles. Some are in debt, some are barely saving, but everything else thinks they look great, so they persist. That's why there are so many reports about people in their 20s and 30s who get into ridiculous amounts of debt just to look good. The sooner you learn not to be a slave to the desire to impress people, the sooner you'll be able to make your money work for you, rather than for others.
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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Missmeowmeow

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Re: 3 pieces of money advice Singaporeans in their 20s should know
« Reply #1 on: December 27, 2015, 01:53:46 pm »
Couldn't agree more .
Singaporeans mostly kiasu and simi sai also want compete . Esp those 三姑六婆:x
U can blame social Media to potray everyone lives as perfect ..

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beaverjuice

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Re: 3 pieces of money advice Singaporeans in their 20s should know
« Reply #2 on: December 27, 2015, 06:06:40 pm »
Facebook is the scourge of all mankind!  >:( >:( >:(
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."

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kyith

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Re: 3 pieces of money advice Singaporeans in their 20s should know
« Reply #3 on: December 28, 2015, 10:15:58 pm »
thanks for this. facebook is ok. you got to see instagram. ok, i take that back. they are equally bad haha.

brings back to this wonderful piece by Morgan Housel:


Engineer by Day, Ghost Wealth Mentor that shares his practical and philosophical experience in building & managing wealth, deconstructing financial independence and fin security. Blogs at www.investmentmoats.com


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beaverjuice

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Re: 3 pieces of money advice Singaporeans in their 20s should know
« Reply #4 on: December 29, 2015, 10:20:33 am »
Instagram is the scourge of all mankind !  >:( >:( >:(
"A man who has depths in his shame meets his destiny and his delicate decisions upon paths which few ever reach."