Personal Finance
How did I "saved money" by owning a Car in Singapore?
By Turtle_Investor  •  January 10, 2020
What am I talking about? How the heck of owning a car in Singapore related to saving money? 老乌龟 胡说八道 This is a sure loss and pure expense, Turtle must be talking nonsense again. As you know Old turtle is very stingy and kiasu, he is not willing to spend too much money on a depreciating asset ie a car with a limited lifespan in Singapore. One of my immediate resolution for this year is to change to a bigger car in terms of space and seating ie from a 5 seaters to a 7 seaters. Reasons? Kids are growing up and parents and in-laws are growing old so we need more space to carry more bodies in the same car. In Singapore, owning a car is expensive because of it's limited lifespan ie purchase of Certificate of Entitlement (COE) to own a car for 10 years or renewed another 5 or 10 years after...
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By Turtle_Investor
Old Turtle is 36 years old (as of 2019) DYI investor (married with 1 Turtle wife and 2 little Turtles) whom started my personal investing journey since 2006 with the main purpose of beating inflation and generating passive income for retirement.
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