Personal Finance
3 Things I Like About Growing Your Tree of Prosperity
By Dr Wealth  •  June 14, 2014

I know I am 9 years late.

Christopher Ng wrote Growing Your Tree of Prosperity in 2005.

I am only talking about it in 2014.

But it is still relevant today, or even more pressing as Singapore’s cost of living continue to climb.

#1 The $100,000 Challenge

I love challenges because the adrenaline rush pushes me to achieve something desirable. I guess that was the intention of Chris as he set a $100,000 challenge to Singaporeans. Before going into what the challenge is, we need to understand his observations of Singaporeans’ attitude towards money, and how he preaches the alternative view on financial independence.

He thinks most Singaporeans are trapped in consumerism.

“We believe that the pursuit of the 5 Cs is actually a reflection of the amount of status consciousness Singaporeans have. The problem of status consciousness arises because we yearn so much for respect and love from the people around us. How other people think ...

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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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