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Singapore’s 77,000 millionaires

June 27, 2008

So its official. Singapore now has 77,000 millionaires according to this report.

If you believe money = happiness like most people do, Singapore would be heaven as its awash with money.

And where do these people find their happiness? “Jewellery, gems and watches attracted the largest share of these “passion investment allocations”,” according to the report.


10 Comments leave one →
  1. June 27, 2008 9:36 am

    It’s only 1% of the population. Thought would have been 5%.Like yr statement on the equation.

  2. June 27, 2008 9:54 am

    I am in Sillypore now and money does not really lead to happyness down here.

  3. LC Teh permalink
    June 27, 2008 10:22 am

    muahaha… Now can somebody tell me how many millionaires are there in Indonesia? Or Zimbabwe? And how happy are they?

  4. June 27, 2008 11:24 am

    No wonder out of 10 people found in Genting Casino, 5 are Singaporean! Plenty of money, so go to the nearest for weekend. Is good also, can work and can spend too!

  5. June 27, 2008 12:38 pm

    Too bad, it has nothing to do with me…sigh~

  6. June 27, 2008 1:22 pm

    I don’t think all the millionaires are happy. There are countless unhappy millionaires. Money don’t really equates happiness. We can be happy right now without becoming a millionaire. Why wait till you are rich to be happy?

  7. June 27, 2008 3:43 pm

    Money isn’t the root of all evil. Greed is. Go figure.

  8. Damien permalink*
    June 27, 2008 9:54 pm

    I was actually thinking that since jewellery, gems and watches are the in-thing for them, then that would be THE business to invest in in Sg.

    So everyone agrees that money is not necessarily happiness. And yet we spend half our adult life, often more, in pursuit of something that brings us no happiness. What am I missing here…. šŸ™‚

  9. LC Teh permalink
    June 30, 2008 11:57 am

    Dee said it right. It’s not money but greed that’s the root of evils. 20 years ago I read an article “Things to do before you’re 40″ written by Michael Korda who said something like: You can’t solve all your problems with money but none of them can be helped by poverty…”

    Go spend half your life time going after that money but keep your chase in control and not let it control you instead. The bottle half full or half empty depends on how you look at it. Get the right perspective.

  10. Damien permalink*
    July 1, 2008 8:34 am

    Actually I do have a theory that the less money we have, the less likely we are to dig ourselves into a hole. It is one reason why Buddhist monks are technically not allowed to handle money (I say technically because with BMW-driving monks, that has become laughable). That only works if your goal in life is to pass thru with minimum worldly problems. But we city folk won’t have any of that. We want excitement, glamor, property, and the great life we see on tv. And for sure, poverty will not solve any of those wants.

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