millionaire household

[obokchuan]

dear all ;
according to boston consulting group 15.5% Singapore households have at least one millionaire US asset not including property are you believe?

[jfoo2]

I know I am not one of them...

But 5 years later, I Believe I can join them

[equilat]

Haha,
Me too. I gonna make a public declaration here that in Year 2020, my networth gonna be S$20 million.

[Dennis Ng]

dear all ;
according to boston consulting group 15.5% Singapore households have at least one millionaire US asset not including property are you believe?

Hi obokchuan,
I also doubt the information, becos this is different from my observation, and please note that I was a Financial Planner for 8 years (year 2000 to year 2008) and I have reviewed over 2,000 people's Finances.

However, I do hope that in 5 years' time at least 50% of ALL our Seminar Graduates are Millionaires.

[obokchuan]

from what i know only 20% Singapore household income more than 12k
if you household income do not more than 20k it is quite difficult to become millionaire unless you already attend dennis class and apply what his said

[kellytay]

from what i know only 20% Singapore household income more than 12k
if you household income do not more than 20k it is quite difficult to become millionaire unless you already attend dennis class and apply what his said

I feel that with better financial education and a millionaire's mindset, anyone can become a millionaire. It's how bad you want it.
High earners can earn $20K and spend $21K. It's what they do with their money that counts, and not to forget, a frugal lifestyle always helps.

[jfoo2]

only 20% Singapore household income more than 12k

Can I know where you get the figures? Quite interesting to know this...but I agree, if you earn $20k and spend $21k, then its just impossible to achieve financial freedom.

[obokchuan]

read from newspaper from zaobao .date forgot already. I believe this because more of the u graduate can earn 5-7k per months after few years of working experience.

[obokchuan]

Since someone are interested to know where i get the figure i search from internet confirmed my data

the Key Household Income Trends 2010 report released by the Department of Statistics, on 14 February

[TieGe]

dear all ;
according to boston consulting group 15.5% Singapore households have at least one millionaire US asset not including property are you believe?

I doubt it. See if I can really confirm this with Boston Consulting. I will let you all know.

Tie Ge