I found an article that describe the types of millionaires in Singapore, I guess the millionaires I know are not those of a average Singaporean? We all have different circles within the circle I guess.
://.forbes.com/sites/neerjajetley/2013/09/27/anatomy-of-a-singapore-multi-millionaire-a-new-wealth-report-busts-many-myths/
Can you define how you see someone of a lesser means living like a millionaire, surely buying a 200K conti does not make one so? Any dual income middle to senior management can easily plonk one down and still maintain a decent lifestyle condo living?
But there definitely people who beyond their means, there are those who buy it for the badge, and others who buy it because they are enthusiast. The latter group I have sympathize with, I mean I don't see people ragging on bungee jumpers who risk their lives for a thrill.
How should this man be judged throwing away 125K on a flight simulator? I believe people don't judge him purely because they don't yearn to have flight simulator at home.
://stcommunities.straitstimes.com/show/2014/03/25/taking-flight-home-fabian-lims-life-cockpit-his-condo
Singapore is such a judgmental society with everyone finding reasons to look down on each other, its really just jealously. Matter of time before the decay sets in, actually seems like its already started.
Quote:
Originally Posted by Unregistered
People are all different. Likewise for millionaires. Many millionaires are actually quite miserly, and that may explain how they built their wealth. It is their right to live the way they want be it being spendthrift or miserly. Usually these millionaires spent little on themselves, but they can be generous in philanthropy - Contributing to charitable causes.
What is sad though, are the people of lesser means trying to live like a millionaire.
These not so financially-sound people often justify to themselves that they only live once and squander away their money without much thought to the day when they can no longer earn an income. Then they become "parasites" to society depending on charity. This is where the true millionaires stepped forward and helped them out through their generosity.
I know it is difficult not to be judgemental, but I see different people taking different paths in life but somehow our lives are all intertwined.
At one time in my life I also subscribed to the "YOLO" mantra. YOLO = you only live once. I bought a condo, bought conti cars, went on expensive holidays -- but I found it all rather empty (not to mention that my bank account was also empty).
Now, I am happy with my trusty Jap car, still staying in my condo and counting the ever growing net worth.
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