Chaptersofmylife

learning. remembering. all those negative stuff. and throw them away!

Saturday, June 19, 2010

reaching critical mass

i dunno whether its coincidence or what,
but i have seen more and more maserati etc.
i wonder if its true that there are more and more millionaires
emerging from Singapore. i find that the newspaper report is abit flawed
its true that many singaporean are asset rich, HDB rise in value
but its of no use, unless they sell and downgrade to smaller or move to less value area
otherwise, these household are merely asset rich.

only those that already have private housing can profit from the property boom,
well thats the reason for the sky rocketing prices, fueled by the rich/atas people.

that being said, is the main reason for this post.
its very important to reach a critical mass. in terms of $$$
a.k.a the rich get richer.
this is where u get out of the hamster wheel, and let the $$$ run the wheel.
the holy grail situation.

its almost insulting sometimes.
its hard for the poor to get rich
its hard for the rich to get poor* (of cause with prudent planning and money management)
after reaching certain critical amount of $$$, achieving high passive income is easy.

excellent example, the rich can take advantage of macro econ situation.
taking a ride up when the property price in Singapore boom.

*poor people love crisis situation while rich people fear them
crisis is like a escalator for poor people
crisis is like a double edge sword for rich people

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