A millionaire or a HNWI (High Net Worth Individual) is someone with a liquid investable wealth of US$1 million or above. The amount only includes cash, debt-free residential properties, and listed company holdings. Henley & Partners, in partnership with wealth intelligence firm New World Wealth, released the 2024 World’s Wealthiest Cities Report. It tracks the movements of … [Read more...]
Learning from the Chief Investment Officer
In last week's The Sunday Times, there is an article titled "Me & My Money: Investing for long term to build retirement nest egg". Me & My Money hasn't had a good article for very long. This time it featured the Chief Investment Officer from AIA talking about her personal investment strategies. Her honest sharing and down-to-earth advice have struck a chord with me. I … [Read more...]
The truth about people who have financial freedom
I was surprised to see the last post “The journey to financial freedom: my personal story” become my blog’s most viewed post in 2019 – in just 48 hours after putting it up. I thought financial freedom is a dry topic unrelated to properties that the readers probably won’t be interested. So, is it the keyword “financial freedom”, or the promise to share “my personal story” … [Read more...]
The journey to financial freedom: My personal story
I just read the book Financial Freedom: How People Live When They No Longer Need to Work. The author Gisela Enders interviewed seven Germans who generate enough income from investments to cover their living expenses so they no longer have to work for money. It was originally written in German and being translated into English. (Which European will talk to strangers about … [Read more...]
Tis the season to spend future money?
With the countdown to Christmas well underway, the whole retail industry is in full swing to fill up this joyful festive season with a shopping atmosphere. 50-month installment to own a luxury watch I was reading the newspaper early last week when I came across a half-page advertisement about a 50-month 0% interest installment plan to buy luxury timepieces. It is a joint … [Read more...]