Saving & Spending
He blew $700K in 1.5 years after receiving inheritance.
By A Singaporean Stockmarket Investor (ASSI)  •  August 24, 2016
If someone makes a lot of money (legally and ethically), it is probably also good for the economy and the people around him. Multiplier effect. That's something I remember from Economics. People like that are usually looked upon as rich. Some might not be very good at making a lot of money or might not have the inclination to make a lot of money. Does this mean that they cannot be rich? Regular readers know my answer to this question. No matter how much money we make, if we spend more than we make, we are in for some trouble. However, this might not be the case for some lucky people. A reader shared this story:
From the comments section: here.
How do you feel? What do you think? In another blog post, I said: "Of course, sometimes, people need to suffer a fall before they are aware of their financial mortality."..
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By A Singaporean Stockmarket Investor (ASSI)
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