With rising costs and increased learning needs, financing our children's education is no longer a simple walk in the park. Discuss with other parents about how they are managing their finances to cope with their expenses.


Postby Oppsgal » Thu Jun 02, 2011 5:21 pm

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Re: Millionaires

Postby Pen88n » Thu Jun 02, 2011 5:37 pm

Million dollar asset under management does not equal having million dollar. Asset can be bought on loan. So, after deducting the loan amount, exactly how many actually have million dollar, I wonder? :scratchhead:

With housing prices going so high, everyone who owns a medium-sized condo / landed already have million dollar asset under management in Singapore! But probably on bank loan too! :evil:

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Re: Millionaires

Postby dfanwy » Fri Aug 05, 2011 8:50 am

But, over time, in 5 or maybe 30 years later, the asset will appreciate and you will be able to sell or paid off, and become millionaire. Many of our parents become millionaires, as the property they bought was only 10-50K, and many has increased 10-20 folds.

This is the merit of delayed gratification.

Just sharing my thought.

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Re: Millionaires

Postby tankee » Fri Aug 05, 2011 8:54 am

having a million is nothing compared to earning a million each year

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