Is 200k a lot in Singapore replied by playboy_1985 @ Fri, 02 May 2008 11:29:28 +0800

playboy_1985 — Fri, 02 May 2008 11:29:28 +0800

i dun even haf 200k

Is 200k a lot in Singapore replied by Combatus @ Fri, 02 May 2008 10:54:10 +0800

Combatus — Fri, 02 May 2008 10:54:10 +0800

if u got $200k to spare, pls giv it to me....cos i dont hv.....many tks!

Is 200k a lot in Singapore replied by eagle @ Fri, 02 May 2008 10:53:54 +0800

eagle — Fri, 02 May 2008 10:53:54 +0800

we need deflation

Is 200k a lot in Singapore replied by DriftingGuy @ Fri, 02 May 2008 10:53:02 +0800

DriftingGuy — Fri, 02 May 2008 10:53:02 +0800

Going by the rate of 5% inflation (pessimistic), 200k would be worth around 100k in future... and you need 2 million in 10 years time to be considered as a millionaire today

So you need to invest in something with ROI of at least 5% just to beat inflation

Is 200k a lot in Singapore replied by noahnoah @ Fri, 02 May 2008 10:50:14 +0800

noahnoah — Fri, 02 May 2008 10:50:14 +0800

200k is a lot leh

but if u earning min 20k a month then

not a lot liao leh

it all depends how deep is your pocket

and not CPF

Is 200k a lot in Singapore replied by angel7030 @ Fri, 02 May 2008 10:46:05 +0800

angel7030 — Fri, 02 May 2008 10:46:05 +0800

Not enought to buy Merc SLK, model 200k.

Is 200k a lot in Singapore replied by Uncertain @ Fri, 02 May 2008 08:48:11 +0800

Uncertain — Fri, 02 May 2008 08:48:11 +0800

200k is nothing now as there are many millionaire around.

Is 200k a lot in Singapore replied by icyboiz @ Fri, 02 May 2008 01:50:36 +0800

icyboiz — Fri, 02 May 2008 01:50:36 +0800

200k NOT ALOT ?! how many of u here actually have 200k here to say 200k not alot.

Is 200k a lot in Singapore replied by eagle @ Fri, 02 May 2008 00:57:57 +0800

eagle — Fri, 02 May 2008 00:57:57 +0800

Originally posted by airgrinder:

yes. totally agreed. It's not really the earning, it's more of "keeping your wealth".

ATMs, all around, easy to draw and spend money. How many people actually deposit back the cash into their account if they accidentally draw out more?

Then the next step after learning how to spend less than income is how to better make use of this saved money, and make it work for you. This I trying to learn at the moment...

There are quite a number of forumers in this forum who can do it very well, so can attempt to learn their strategies. In addition, I'm trying to read Money Mind forum (hwz) and Market Talk (cna forum) to see what pple think and say... There's a great deal of knowledge to be picked up in this area... Might need 1 or 2 years...

Is 200k a lot in Singapore replied by eagle @ Fri, 02 May 2008 00:55:24 +0800

eagle — Fri, 02 May 2008 00:55:24 +0800

Originally posted by motoway:

bond leh. U toking bout gahman bond rite.

Gahman bond not so much. Corp bond more la.

corporate bond by suntec city

Is 200k a lot in Singapore replied by airgrinder @ Fri, 02 May 2008 00:52:19 +0800

airgrinder — Fri, 02 May 2008 00:52:19 +0800

Originally posted by eagle:

many ppl in singapore earned more than 1 million in their lifetime

but they spend almost all

yes. totally agreed. It's not really the earning, it's more of "keeping your wealth".

ATMs, all around, easy to draw and spend money. How many people actually deposit back the cash into their account if they accidentally draw out more?

Is 200k a lot in Singapore replied by motoway @ Fri, 02 May 2008 00:49:05 +0800

motoway — Fri, 02 May 2008 00:49:05 +0800

bond leh. U toking bout gahman bond rite.

Gahman bond not so much. Corp bond more la.

Is 200k a lot in Singapore replied by eagle @ Fri, 02 May 2008 00:43:02 +0800

eagle — Fri, 02 May 2008 00:43:02 +0800

Originally posted by motoway:

if working class double income family confirm earn 1mil b4.

btw bond in SG dun haf 5% la.

got la...

250k one i know got. It is more of capital preservation, guaranteed returns of at least 5.28% (not compounded, and you get a little interest payout every 6 months). And if bond price increase, you earn more. I know someone who bought it, so I can confirm.

100k got one more, supposed to return 125k at one go at the end of 5 years, but I haven't confirm exactly what it is and how it works... After exams then I go look at it.

There are very 'safe' stocks that pays 5% to 6% dividends yearly too ;) All these I will be looking into more details right after exams too...

Is 200k a lot in Singapore replied by Cz @ Fri, 02 May 2008 00:28:27 +0800

Cz — Fri, 02 May 2008 00:28:27 +0800

Originally posted by dcx:

not many ppl in s'pore have 200k cash....

x2.

many people don't even have 100k cash, or maybe even 50k also no have.

Is 200k a lot in Singapore replied by motoway @ Fri, 02 May 2008 00:27:57 +0800

motoway — Fri, 02 May 2008 00:27:57 +0800

Originally posted by eagle:

many ppl in singapore earned more than 1 million in their lifetime

but they spend almost all

if working class double income family confirm earn 1mil b4.

btw bond in SG dun haf 5% la.

Is 200k a lot in Singapore replied by eagle @ Fri, 02 May 2008 00:25:38 +0800

eagle — Fri, 02 May 2008 00:25:38 +0800

many ppl in singapore earned more than 1 million in their lifetime

but they spend almost all

Is 200k a lot in Singapore replied by MohamedF @ Fri, 02 May 2008 00:19:13 +0800

MohamedF — Fri, 02 May 2008 00:19:13 +0800

200K is nothing in itself... 1mil also can be nothing in itself...

Must make the money work then can talk... 200k is a good start...

Is 200k a lot in Singapore replied by dcx @ Fri, 02 May 2008 00:04:41 +0800

dcx — Fri, 02 May 2008 00:04:41 +0800

not many ppl in s'pore have 200k cash....

Is 200k a lot in Singapore replied by Xcert @ Fri, 02 May 2008 00:00:34 +0800

Xcert — Fri, 02 May 2008 00:00:34 +0800

Originally posted by Genomes:

I belive than many people in Singapore has 200k so I would like to know how many people agree that having 200k is nothing in Singapore

200K...about 1 pigeon hole in Jurong West.

Is 200k a lot in Singapore replied by whiskers @ Thu, 01 May 2008 23:15:49 +0800

whiskers — Thu, 01 May 2008 23:15:49 +0800

take 10 years to save up that amount.... If u are really niao.....

Is 200k a lot in Singapore replied by xavier1979 @ Thu, 01 May 2008 21:13:22 +0800

xavier1979 — Thu, 01 May 2008 21:13:22 +0800

At my current stage, I'd say it's quite a sum.

Is 200k a lot in Singapore replied by NemesisAlien @ Thu, 01 May 2008 18:32:18 +0800

NemesisAlien — Thu, 01 May 2008 18:32:18 +0800

*Opens pocket n points in*

Is 200k a lot in Singapore replied by smartboy4 @ Thu, 01 May 2008 18:31:24 +0800

smartboy4 — Thu, 01 May 2008 18:31:24 +0800

i think buy a lorry cannot last you more than 2yrs

Is 200k a lot in Singapore replied by eagle @ Thu, 01 May 2008 18:26:28 +0800

eagle — Thu, 01 May 2008 18:26:28 +0800

hmmm

get a bond that pays 5% p.a., and get about $833.33 a month

Is 200k a lot in Singapore replied by GHoST_18 @ Thu, 01 May 2008 18:16:14 +0800

GHoST_18 — Thu, 01 May 2008 18:16:14 +0800

cash or paper assets?

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