Personal Finance
Millionaire or not, plan for retirement.
By A Singaporean Stockmarket Investor (ASSI)  •  October 3, 2012
Being a millionaire today is different from being a millionaire 30 or even 20 years ago. This is simply because a million dollars is worth less now due to inflation in the cost of goods and services. These days, even a HDB flat could cost a million dollars! So, someone with total liquid assets worth a million dollars does not impress me. What might impress me is how he got it and what he is doing or plans to do with it. I am more interested in how a fisherman does the fishing than in the fish in his basket but I am interested in knowing what he is going to do with the fish in his basket. Yes, people always say it is better to teach someone how to fish than to give him a fish but that is not enough. We should also teach that someone the many ways in which ......
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By A Singaporean Stockmarket Investor (ASSI)
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