Many Singaporean millionaires also do not feel rich. This is primarily because the net worth came from the inflated value of their primary home. Also the mandatory savings in their
CPF take up another huge chunk, for some it could be as much as $1m!
So their disposal income may not be high. Finally you dont see yourself as rich when living among many millionaires (>100,000) or near-millionaires here.
Quote:
Originally Posted by Unregistered
Yes, nowadays there are young millionaires who are tech savvy and connected online and via social media. Being a young millionaire myself, I am very much connected. Gone are the days when millionaires are old uncles and aunties. Young millionaires like myself don't go around flashing our wealth, we dress like any other guy and we drive a simple conti car instead of million dollar sports car. The real rich guys invest their money and they don't look rich. So if you see some guy walking along Orchard Road and he is dressed simply, don't look down at him, he could be me, a young multi millionaire. I'm now actually sipping coffee in a cafe along Orchard Road.
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