How to be rich?

Originally Posted by Unregistered

The best way to get rich in Spore is to buy property.
Stocks are high risk, you never know whether a company will always do well. When the management changes, sometimes it make the company worse. Stocks can go down to zero value while property will never go to zero value. Bonds today are earning too low.

I have been investing in various asset classes and my best investments have been property.
Now is the best time to buy as prices have steadied. I heard prices will go again soon.

Then you should bet all you can on property. Beg, borrow, re-mortgage your current properties, maximize your loans and go all out to be on real estate here.

You've not experienced the 1997-1998 period? Or are you subscriber of "this time is different" theory?

hey guys...i will be graduating with a biomedical science degree soon and i was wondering wad kind of science industry jobs i could be working in if i were to get an mba after say few years of work experience??

Originally Posted by Unregistered

and engineers get conned into those forex / options trading seminars thinking that they can make good money by charting and using mathematical tools.

Haha good one!

Originally Posted by Unregistered

hey guys...i will be graduating with a biomedical science degree soon and i was wondering wad kind of science industry jobs i could be working in if i were to get an mba after say few years of work experience??

bump................

Originally Posted by Unregistered

yes, fully agree.

and not only that, the engineering mindset will set you back by decades. you become very calculative but in a wrong way. for example, you will wonder why banks pay their sales people so much and argue that it's unsustainable, but people collect real good money while you continue to philosophize your way to poverty.

and engineers get conned into those forex / options trading seminars thinking that they can make good money by charting and using mathematical tools.

Best post I've read all year in all forums. Thumbs up!!

Originally Posted by Unregistered

I am a competitive person and I strongly believe I have the smarts to make things work (I'm pretty self confident and arrogant in a sense).

My aspiration is to be rich with at least $10m net assets (not too ambitious eh). It's not hard to figure that the way to get there is not to work for someone - having seen too many small tow-kays who are richer and more comfortable than a slogging vp or a trader in bank.
Good luck!

$10m(sgd) is not ambitious or speaks of high confidence and arrogance in anyway.
You need to be more confident and ambitious ok!

I am already 3/4 way there and I can tell you , $10mil is NOT RICH. You are at most UPPER-MIDDLE INCOME.

Because of the influx of foreigners into singapore and ease of staying here, a lot of non-PRs are here staying in properties worth >$4mil easily.. Most have $10mil as spare cash, not their networth.

[WorriedFreshGrad]

Dear all working professionals,

I am a local fresh graduate, male, served NS, looking for kind mentors who are willing to provide me career advices or share his/her experiences. I grew up from a humble family and have no one to guide me along throughout my education. I had to be self-motivated and learn from whatever environment and situation i was in.
Hardwork aside, i am still a strong believer in opportunity.

My situation may be common and meant nothing to you but your every input is valuable to me. For anyone who are willing to share, i am more than willing to listen and learn.
Thank you.

Regards,
worriedfreshgrad
(worriedfreshgrad at gmail.com)

[poor and stupid]

omg u are going to get trolled here 99% of the time just becos itz teh intehwebz.

Ok seriously, if you are not born rich in sg, u gg liao la. nowadays not as dynamic as the past where people can build wealth from 'nothing', basically because everyone else have 'nothing'.

The 2nd best way is become scholar lor, but again if u not born slightly rich, no private tutor, u also gg liao.

3rd best way strike toto, I am not kidding here... many people will say they know many people who nv strike it big in their lifetime before, I bet you even more people wun have that much cash flow working twice their lifetime.

SO still got what other way? No chance, you cannot even rob bank lolx

*insert some rickroll url here*

Originally Posted by WorriedFreshGrad

Dear all working professionals,

I am a local fresh graduate, male, served NS, looking for kind mentors who are willing to provide me career advices or share his/her experiences. I grew up from a humble family and have no one to guide me along throughout my education. I had to be self-motivated and learn from whatever environment and situation i was in.
Hardwork aside, i am still a strong believer in opportunity.

My situation may be common and meant nothing to you but your every input is valuable to me. For anyone who are willing to share, i am more than willing to listen and learn.
Thank you.

Regards,
worriedfreshgrad
(worriedfreshgrad at gmail.com)

work hard, do anything that can earn you extra money. then re evaluate after a few years. save all the money as best you can. eschew frivolous or show-off activities. be cheap and frugal. invest in stocks. look out for cheap property to buy. work towards your first HDB. Look for a partner that is not too good looking but is smart and hardworking.

And above all, remember, money is not everything. It is very important, but not more important than passion, love, family and god.

[poor and stupid]

Here comes the 1st troll, while working hard and saving blar blar radder radder etc etc.... isnt that bad.

But you KNOW you wouldn't become rich. You must be born rich, then you get your chance to become rich, aka test your ability to stay rich.

Otherwise, SURE there are a few stuff that CAN make you rich, but they wun be shared on forums lolx