Being a millionaire seems to be the pinnacle of financial success for many of the average person on the streets. Being one of the richest countries in the world, I am sure that there are many millionaires residing in Singapore.
However, it's not common for an average person or working class folk to be a millionaire here. Recently, it got me thinking about how possible it is for an average Singapore household to achieve millionaire status.
By my definition, achieving millionaire status would mean having SGD $1,000,000 outside of your home equity and CPF funds. Since a typical Singapore household usually has two working people (the husband and wife), I then assume that achieving millionaire status for a Singapore household means having SGD $2,000,000.
This seems like a big and daunting number. So I am curious to know if this is even achievable for the average Singapore household. To begin...