This weekend's rendition of Me & My Money in The Straits Times was hugely disappointing, as the main story featured a female tax adviser and her journey in property investing. She is also a self-proclaimed "staunch believer in wealth accumulation and prefers not to dwell on the idea of frugality".
Her first move was to buy a high-end condominium and renting it out to expats for regular income. After selling the condo in 2008, right before the property market collapsed, they went on to invest in 4 more condos and 3 landed properties. She and her husband plans to hold on to them for the long term and rely on it for an estimated monthly income of $30,000 to $50,000.
It sounds great on paper, but the truth is, how many of us can afford such a similar move?
I found it disappointing because Ms. Kylie Luo's story is clearly ......