Was at my cousin's condo to celebrate my grandmother's birthday last week. And his home, it seems everything had cost a bomb. He spent $80,000 on renovation work, which I thought was a total rip-off. I don't think it would have even exceeded $30,000 should the same work be conducted in a HDB flat. In other words, the renovators are bloody fraudsters.
It's amazing how time flies. My older cousins are mostly married now and everyone is asking when it's going to be my turn. Lol. I wonder. But costs of living are so hideously high these days I'd very much prefer to enjoy my singlehood while it lasts rather than be burdened with any additional bills resulting from having a family. In any case, my grandmother must feel really happy that our maternal extended family now boasts a span of four generations.
...
We've probably heard the saying a thousand times, that the rich only gets richer. Well, not unless they first dare to make the move.
I feel the wealthy should not only look to maintain, but to seek to grow their wealth. It's useless being rich if you don't know how or are afraid to invest and manipulate your assets well. Not knowing how to grow your wealth is simply put, letting inflation get the better of you.
Take my cousin for example. The valuation of his condo has risen about 20% since the day he purchased it. And news has it that he plans to buy another one. That's what you do when you are able to afford it - you invest.
My paternal relatives, on the other hand would rather hang on to the two landed properties my grandparents passed down to them, fetching only a miserable $1,900 rent from the lease of one unit. For all I have, I would bet them on the fact they would earn much more if they dared to take the risks, sell the properties and use the millions to buy thrice as many units overseas for the purpose of renting them out, for example.
Kinda sad I don't own the properties and don't have any say on them, else I'm certain I'd be able to utilise them far better. Heh!
Name: Darren
Bdae: Dec the 4th
Sign: Saggitarius
Country: Singapore
Location: Hougang
Age: It's a secret :)
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