Quote:
Originally Posted by Hurricane88
nothing wrong...always behave poor even you are rich...  |
hahah, you are right. But how do you define rich? Is there a yardstick to compare to? For example, a person with S$200K may seem rich in the province where land is relatively much cheaper, but with that same amount, he may deem to be just an `average joe' in the city. That amount may not be even enough to buy a piece of land. To make things worse, S$200k cash in Singapore may not be enough to pay for the downpayment for a private condo. I was once told by a chap that he's damm rich, he has around 200K cash, but he only has a 3 room flat and without any other asset. So i don't think he's rich at all. But to each their own, 200K can be gone in less than 1 year with lots of merry making, not to say buying any asset.