I read on the news, that Singapore got the highest number of millionaires per capital. I wondered, how did they do it ? Are they employers themselves or are they employees just like anybody else ?
People please enlighten me.
http://www.luxury-insider.com/luxury-news/2010/06/singapore-has-highest-density-of-millionaires
http://www.asiaone.com/Business/News/My%2BMoney/Story/A1Story20070702-16949.html
you buy a flat 20 years ago at $125k.. it's now worth $700k
think about it
U buy a 500k
big sweep
1 millionaire every mth
toto
every week 2 millionaire
We worked hard, we worked smart, we saved when we needed to, and we didn't spend excessively. Thats how I made it.
and all the en-bloc sales in singapore that make singaporean millionaire floating around
1) We managed to get more millionaire foreigners to become our citizens!
2) HDB flats are now more worth the value. Plus the CPF accounts that has lots of monies that cannot be taken out, I guess all those white collars are millionaires by the time they hit 40.
3) Anyone who owns a condo is a millionaire already.
4) 87 ministers + president - instant millionaires... not forgetting ex-MPs.... and ex-Presidents....
Singapore always conduct benevolence and charity drives, it also helpful for aiding disasters in foreign lands in funds raising and manpower as well. This gradually transforms Singapore into more wealth as the religions studies says that if you plant kindness blessing, it generates more kindness in return, even if you dun want hor, it comes flowing in naturally, unstoppable...so wonderful..._/|\_