Why You Feel Poor Living in the Richest Country
Shao Chun
28,088 views
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I explore the 5 reasons why Singaporeans can still feel poor despite living in one of the most affluent countries.
And what I am personally doing to safeguard my financial security.
0:00 Intro
0:34 Salary Lag
2:14 The Rules Keep Changing
2:24 Dual Income Not Enough
3:09 SG Degrees Decline
4:35 Singaporeans Work Longest Hours
6:49 Asset Rich Cash Poor
9:18 Losing Face vs Losing Money
11:19 High Cost of Taking Care of Ourselves
13:26 How I Am Personally Dealing With This
13:35 Your Salary Wont Save You
14:04 Optimize for Liquidity
14:30 Invest Regularly
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👨💻Who am I?
Hello I'm Shao! I am an ex-Googler who has achieved financial freedom simply by working at my 9 to 5 job. I believe anyone working 9 to 5 can achieve a rich and fulfilling life.
And on this channel we explore the mindset, career skills and financial habits to become a 9 to 5 millionaire.
I am committed to share with you my authentic self and create original content. No fluff, no shortcuts, no BS.
☕️ BE MY FRIEND
LinkedIn: shaochunchen
*Terms and conditions apply. ^Other fees apply. #Only applicable to Cash Plus subscriptions
Disclaimer
This video is a paid partnership with Longbridge Singapore. It is intended for general awareness and does not constitute investment advice or a recommendation to buy, sell, or otherwise engage with any investment products or financial services.
The presenter is not a licensed financial adviser and is not offering financial advice. All views expressed are solely those of the presenter and do not necessarily reflect the view of Longbridge Singapore.
All investments carry risks, may not be suitable for everyone, and you may lose your investment principal. Past performance is not indicative of future results. You should seek independent financial advice if you are unsure about any investment decisions. This advertisement has not been reviewed by the Monetary Authority of Singapore.
20 Comments
In sg public transport is so convenient, but still have ppl said they can't survive in sg without car.
More and more young ppl do not eat at hawker, they choose restaurant or grab food.:body-blue-raised-arms:
In this current economy climate, i am very surprised car showrooms and condo showflats are packed every weekend.. and that's where i wonder "what am i doing wrong from these people?"
My wife and I hold decent jobs that probably puts us in the top 25% and we still wonder how the math works out for these people... 😅
Why You Feel Poor Living in the Richest Country
Shao Chun
28,088 views
Sign up with Longbridge SG - https://t.ly/7YbTa Code - UITH3URM
🔥 Get 5% p.a. Boost^ & Free NVIDIA shares* (up to S$1470* Welcome Rewards). *T&C apply. ^Only applicable to Cash Plus subscriptions
I explore the 5 reasons why Singaporeans can still feel poor despite living in one of the most affluent countries.
And what I am personally doing to safeguard my financial security.
0:00 Intro
0:34 Salary Lag
2:14 The Rules Keep Changing
2:24 Dual Income Not Enough
3:09 SG Degrees Decline
4:35 Singaporeans Work Longest Hours
6:49 Asset Rich Cash Poor
9:18 Losing Face vs Losing Money
11:19 High Cost of Taking Care of Ourselves
13:26 How I Am Personally Dealing With This
13:35 Your Salary Wont Save You
14:04 Optimize for Liquidity
14:30 Invest Regularly
👉WATCH THESE NEXT:
10 Things in Singapore No Longer Worth Your Money
10 Things in Singapore No Longer Worth You...
10 Singapore Frugal Habits That Saves me Thousands Every Year 💸:
10 Singapore Frugal Habits That Saves me T...
👨💻Who am I?
Hello I'm Shao! I am an ex-Googler who has achieved financial freedom simply by working at my 9 to 5 job. I believe anyone working 9 to 5 can achieve a rich and fulfilling life.
And on this channel we explore the mindset, career skills and financial habits to become a 9 to 5 millionaire.
I am committed to share with you my authentic self and create original content. No fluff, no shortcuts, no BS.
☕️ BE MY FRIEND
LinkedIn: shaochunchen
*Terms and conditions apply. ^Other fees apply. #Only applicable to Cash Plus subscriptions
Disclaimer
This video is a paid partnership with Longbridge Singapore. It is intended for general awareness and does not constitute investment advice or a recommendation to buy, sell, or otherwise engage with any investment products or financial services.
The presenter is not a licensed financial adviser and is not offering financial advice. All views expressed are solely those of the presenter and do not necessarily reflect the view of Longbridge Singapore.
All investments carry risks, may not be suitable for everyone, and you may lose your investment principal. Past performance is not indicative of future results. You should seek independent financial advice if you are unsure about any investment decisions. This advertisement has not been reviewed by the Monetary Authority of Singapore.
Buying things that you do not need, with money that you do not have, to impress people you do not like.