lovekidsverymuch:

tankee:

[quote=\"daisyt\"]EXACTLY!!!! The key word here is \"spend within your means\"

:celebrate:

EXACTLY !!!! :celebrate:

daisyt:

EXACTLY!!!! The key word here is \"spend within your means\"

:celebrate:

tree nymph:

hquek:

Well, but what is money if it's not to be spent? I'm not advocating living beyond your means, but rather, if one doesn't help out the economy, we'll all be in trouble.


Imagine a multi-millionaire, everyday eat instant noodles and drink plain water (extreme eg for illustration only). End of day when he's lying in the grave, the only ones to thank him for his ways are those who get to spend the money he accumulate.

yup yup! no matter what still gotta spend the money. But still got to spend within your means and save up and invest so your savings can work harder for you! and you can still have that terrace house when you are older!

you can take a page from these more experienced and financial savvy ladies here!

WeiHan:

That just means that we will have a slower economic growth number but not necessarily means bad lifestyle...but definitely means less material wealth. Yes...more jobless people....becos more people very relax and stay at home to cook and chit chat with family members mah...like last time kampong lifestyle.

hquek:

Well, but what is money if it's not to be spent? I'm not advocating living beyond your means, but rather, if one doesn't help out the economy, we'll all be in trouble.


Imagine a multi-millionaire, everyday eat instant noodles and drink plain water (extreme eg for illustration only). End of day when he's lying in the grave, the only ones to thank him for his ways are those who get to spend the money he accumulate.

MMM:

on_plus_kiasu:

[quote=\"daisyt]

Actually hor, pardon me for being silly. Once, I had this thinking ... If everyday, work, go home, cook decent meals and eat at home, no TV, no aircon, the only entertainment is read books or chit chat with family at home. Weekend also the same thing. I think I can save a lot :lol:

I support! Not silly!! That was what i did growing up and not only cost-saving, you bond more with family and is less stressed!!!!

MMM:

WeiHan:

Late 80s, three room flat still 15k meh?

That was in 1972. So still within around 30's to 40's

on_plus_kiasu:

[quote=\"daisyt]

Actually hor, pardon me for being silly. Once, I had this thinking ... If everyday, work, go home, cook decent meals and eat at home, no TV, no aircon, the only entertainment is read books or chit chat with family at home. Weekend also the same thing. I think I can save a lot :lol:

daisyt:

WeiHan:

[quote=\"daisyt\"]
I think can leh ...
Last time, people don't go to movie often.
Last time, people don't eat out often, not to mention eat in restaurants.
Last time, no handphone bills to pay, no internet bills to pay, maybe even no home phone bills to pay.
Last time, what is the % of family had car?
Last time, not all family even had TV or radio, don't mention, cable tv, Blue Ray, DVD ...
Last time, people only listen to radio for songs, how many can afford a record player or even the record disc.
Last time, people only bought new clothings, shoes and bags during CNY.
Last time, no air con, no washing machine, so the utilities bills also not as high.
Last time ...... so far, thats all I can think of :idea:

Hey people....I not joking leh....I went to my colleague's mother's terrace house in Joo Chiat. His mother bought it in the 80s for something like 300k and she was a teacher...a MOE school teacher. And his father died quite early...so is a single parent family.

MMM:

WeiHan:

Hey people....I not joking leh....I went to my colleague's mother's terrace house in Joo Chiat. His mother bought it in the 80s for something like 300k

I believe you on the price. My neighbour (semi-d) paid $200 - $300K for their house 30-40 years ago. In their case, they are business people so they said they bought 2 other semi-d (one opposite their house) and another down the road for their sons :roll:

But did you ask your friend's mother if she manage to buy that with her pay or maybe she had some inheritance, etc....

WeiHan:

daisyt:

[quote=\"WeiHan\"]Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

I think can leh ...
Last time, people don't go to movie often.
Last time, people don't eat out often, not to mention eat in restaurants.
Last time, no handphone bills to pay, no internet bills to pay, maybe even no home phone bills to pay.
Last time, what is the % of family had car?
Last time, not all family even had TV or radio, don't mention, cable tv, Blue Ray, DVD ...
Last time, people only listen to radio for songs, how many can afford a record player or even the record disc.
Last time, people only bought new clothings, shoes and bags during CNY.
Last time, no air con, no washing machine, so the utilities bills also not as high.
Last time ...... so far, thats all I can think of :idea:

WeiHan:

Late 80s, three room flat still 15k meh?

WeiHan:

Hey people....I not joking leh....I went to my colleague's mother's terrace house in Joo Chiat. His mother bought it in the 80s for something like 300k

MMM:

WeiHan:

Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

I still think it's a income relative thing. Maybe the thrifty teacher was relocated from some kampung and he managed to plant some trees or has a well and is compensated well by the government???? Joo Chiat probably wasn't such a expensive place and does not have D15 image previously???? We think 300k is cheap but in their era, 300k is alot given that my parents paid for their 3 room HDB flat in Marine Parade for no more than $15k. Not alot of people can afford $300k then.

daisyt:

WeiHan:

Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

I think can leh ...
Last time, people don't go to movie often.
Last time, people don't eat out often, not to mention eat in restaurants.
Last time, no handphone bills to pay, no internet bills to pay, maybe even no home phone bills to pay.
Last time, what is the % of family had car?
Last time, not all family even had TV or radio, don't mention, cable tv, Blue Ray, DVD ...
Last time, people only listen to radio for songs, how many can afford a record player or even the record disc.
Last time, people only bought new clothings, shoes and bags during CNY.
Last time, no air con, no washing machine, so the utilities bills also not as high.
Last time ...... so far, thats all I can think of :idea:

kiddo:

the list goes on but Disciplined Expectations is the key irregardless of the Era...

WeiHan:

Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

WeiHan:

Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

daisyt:

WeiHan:

Well...20 years back you can be a thrifty teacher that saved alot and a bought a terrace house at Joo Chiat that only cost 300-400K and is worth more than 2 millions today. People 30-40 years ago can simply buy a property at a cheap price and sit on great wealth today. BUT TIME is different.

I think can leh ...
Last time, people don't go to movie often.
Last time, people don't eat out often, not to mention eat in restaurants.
Last time, no handphone bills to pay, no internet bills to pay, maybe even no home phone bills to pay.
Last time, what is the % of family had car?
Last time, not all family even had TV or radio, don't mention, cable tv, Blue Ray, DVD ...
Last time, people only listen to radio for songs, how many can afford a record player or even the record disc.
Last time, people only bought new clothings, shoes and bags during CNY.
Last time, no air con, no washing machine, so the utilities bills also not as high.
Last time ...... so far, thats all I can think of :idea:

WeiHan:

You may have bought your 4-room flat a few years back when price was much cheaper but the couple in the article just bought it at 500K. The real killer here is the property price.