This forum is full of millionaires... so inspiring....seems that most of them made it through stocks and property.

But stocks are volatile, did you simply hold on all the way? What about between end 2008 and early 2009 when the market was at the bottom, did all of you millionaires simply stay cool and hold your stocks?

As for property... it also goes up and comes down. Although when the market is rising, the money made is very large, property can also be risky as it involves leveraging myself and paying off the loans for decades. Its ok if the property can be rented out at breakeven, but there is no guarantee there will always be a tenant! Not to mention the new draconian cash upfront requirements for second properties.

Any advice on how I can become a self-made millionaire like some of you too? Is stocks and property still the best way? Its my goal and dream to achieve financial freedom and a comfortable retirement, to be asset rich and cash rich.

Age: 30
Property: Condo (950k value now. Outstanding loan 460k)
Cash: 55k
Stocks: 20k
CPF: 37k (OA & SA)
Income: 5k monthly

I don't intend to buy a car unless public transport becomes intolerable.

Stupid moves when I was younger involved 4k realised loss and 8k paper loss on shares, 7k on useless branded goods, 15k on holidays, 30k on wedding. Looking back I was such a spendthrift. This has to change.