Like you, I am also a millionaire, at least for now. However, I live in a 4 room HDB flat, which is paid up. Since my wife feels we are successful and wants her friends to know she is successful, she is urging me to buy a condo. So, I will be buying a condo which will cost me S$1.5m and since I don't like the idea of having a mortgage for our home, I will be paying in full. So, after the sale of my flat, I will use the sale proceeds plus my cash to pay for the condo.

Since the definition of a millionaire doesn't include our primary home, after I buy the condo, I will no longer be a millionaire as the amount of investable asset I will then have will be less than US$1m. So sad, I can't tell my friends I'm a millionaire any more, the only consolation I have is that I can tell them I now live in a condo with nice big swimming pool, gym and tennis court. My wife will be very happy as she can tell her friends that she now lives in a condo. We are also changing our car to a new conti car. She says it is part of her image building. What to do? We men just follow ...